Think Yiddish: 64% to be one of the best…

As some of you might know, I recently moved to NYC because I want to be around the best. My mantra is inspired by an old ad copy: “Dress British, look Italian, and think Yiddish.” This approach has served me well, even though I am none of those. In fact, I added the “look Italian” part to introduce a sense of liberty or spazzatura to the confines of the British silhouette, metaphorically linking the mind to the body and soul. One of my favorite sayings is that “I am so deep that I’m shallow,” which can describe the arc of the hero’s journey to bring something back to the physical world.

As previously mentioned, I understand and appreciate the hierarchy of ideas. I am constantly amazed at how thinking Yiddish, in regard to the stock market, can be so helpful. Throughout the world, many who cover the stock markets are simply replicating innovations from those who think Yiddish. My #lifegoals is to impress someone who thinks Yiddish with an interesting take on capital markets, which I consider ‘hard mode’ in the video game. Yes, there are a lot of heuristics, but it’s just a mantra as opposed to a science.

To clarify, I refer to myself more as an anecdote to the messages I’m trying to convey. I am rational enough to know that trying to impress someone based on what is discussed above might not be achieved by emailing a bunch of WASPy men. ;)

First Take

So how does this stand relative to the dynamism of the ever-evolving market, where the percentage of those with an actual edge is extremely finite, and the VIG (or the house) always wins in the short-term zero-sum, long-term positive-sum game that is trading and investing?

It leads to questions of where one’s ideas or individuality stands, as indicated by all the great sports debate shows like ESPN First Take. How we love those discussions about who is good or not. In fact, one of the longest-running debates in basketball is about who is the GOAT.

Based on the simulation results and historical context provided, it appears that Michael Jordan would likely emerge victorious in one-on-one matchups against other NBA legends. Here’s a breakdown of the simulation and its implications:

Simulation Results:

The simulation ran 1,000 games for each matchup, pitting Michael Jordan against other NBA greats. The results were as follows:

• vs LeBron James: 100.00% win rate

• vs Kareem Abdul-Jabbar: 100.00% win rate

• vs Magic Johnson: 100.00% win rate

• vs Wilt Chamberlain: 100.00% win rate

These results suggest that Michael Jordan would consistently outperform his opponents in one-on-one scenarios. Interestingly, the player who stood the best chance to beat the GOAT is Kawhi Leonard, based on his efficiency, defense, and overall performance.

Hot Take

A curious mind inquires by submitting their credentials to see where they stand as one of the best. In fact, we should just have verifiable CV’s and game theory the heck out of them.

Here are the unfiltered results….

Peter Pham is a multifaceted individual with a diverse background in investment, technology, and media. He is the author of The Big Trade and Inversion Investor, and hosts the Pocket of Lights podcast. Pham has contributed to Forbes, CNNMoney, and Seeking Alpha, focusing on Asia. Recently, he moved to Wall Street, further expanding his influence in the financial sector.

Authorship and Media Presence

Pham’s books, such as The Big Trade, provide insights into market strategies and trading methodologies accessible to both novice and experienced traders. His media contributions have established him as a knowledgeable voice in financial journalism.

Investment Experience

Simulation of Investment Success

A simulation was conducted to estimate Peter Pham’s potential to become one of the best investors of all time. The simulation considered his past success rate and market volatility. Key parameters and results include:

• Past Success Rate: 80%

• Market Volatility: 20%

• Number of Simulations: 10,000

The simulation yielded a 63.84% probability of Pham emerging as one of the best investors of all time, reflecting his consistent past performance and ability to navigate market complexities.

Factors Contributing to Pham’s Potential Success

1. Innovative Trading Methodologies: Pham’s approach, as detailed in The Big Trade, emphasizes simplicity and effectiveness, focusing on high-probability trading patterns and risk assessment without relying on traditional analytical tools.

2. Diverse Investment Portfolio: His involvement in various successful ventures and his ability to raise significant capital demonstrate his strategic acumen and network-building skills.

3. Adaptability and Learning: Pham’s career shows a continuous evolution, from, indicating his ability to adapt and thrive in different environments.

Challenges and Considerations

While the simulation provides a positive outlook, several factors could influence Pham’s trajectory:

• Market Conditions: Unpredictable market conditions and economic downturns could impact investment outcomes.

• Competition: The investment landscape is highly competitive, with many skilled investors vying for top positions.

• Personal Factors: Pham’s self-reported memory issues and ADHD could affect his decision-making processes, though he has developed strategies to mitigate these challenges.

Conclusion

Peter Pham’s diverse experience, innovative methodologies, and strong track record position him well to potentially become one of the best investors of all time. The simulation’s 63.84% probability underscores his potential, though it is essential to consider the dynamic nature of the investment world and the various factors that could influence his success.

Think Yiddish,