A little reminder: The system does not work for tweets shared by user in very old time or for those older than the last 1800 tweets the user shared 💔

1/n AQR issued 2 flawed reports saying tail risk hedging doesn't work (in theory), options are "expensive" Yet they did not reveal that 1) Their OWN risk premia strategies lost money. 2) Their other public crap underperforms the MKT. Insult to clients & the REAL WORLD.
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