John_Hempton @John_Hempton Twitter profile | Pikagi

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John_Hempton

@John_Hempton

81,619

Followers

2,969

Following

2,353

Media

68,723

Statuses

The second law of thermodynamics is a bitch

Somewhere on the coast of NSW

https://t.co/OaZia5sj1U

Joined June 2008

Don't wanna be here? Send us removal request.

Pinned Tweet

@John_Hempton

John_Hempton

1 year

Yes it is true. @_dpgibson runs a few billion dollars. And he is one of the largest shareholders in $PCT. Yes it is true, I had no idea how the technology behind $PCT worked when I spoke to him. But I spoke to him. And doubled my short. I have a simple thesis: Dan is an idiot.

@Mike_Taylor1972

Michael Taylor

@Mike_Taylor1972

1 year

@John_Hempton @_dpgibson There is a reason why people ascend to run mult $ bn neutral books. It’s never by accident, ever. @_dpgibson is nothing short of brilliant. If you were even remotely adjacent to that circle, you would know better.

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@John_Hempton

John_Hempton

3 years

Attention Robinhood clients: There is an old Silicon Valley adage used by privacy advocates... If the product is free then you are the product.

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@John_Hempton

John_Hempton

3 years

Silicon Valley just invented taxes and welfare.

@chamath

Chamath Palihapitiya

3 years

Here’s a simple way to solve the minimum wage issue: A company pays into a labor credit system based on its size: Amazon pays a lot, the local store pays nothing. Use the credits to normalize things so that everyone is guaranteed a high minimum wage no matter where they work.

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@John_Hempton

John_Hempton

2 years

Applicant (good Ivy League University) applying for a job sends me a 30 page detailed analysis of an oil company. He is bullish. Thinks it is a 40 bagger. It is an obvious penny stock fraud.

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@John_Hempton

John_Hempton

7 years

@MartinShkreli my son goes to that school, and you just resent that they made you look worse.

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@John_Hempton

John_Hempton

2 years

JP Morgan's totally normal office in Paris.

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@John_Hempton

John_Hempton

3 years

Gamestopped: (verb) to have long and successful investment career terminated by once in a generation short squeeze. (Submitted to the Urban Dictionary already.)

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@John_Hempton

John_Hempton

3 years

@brian_armstrong Seriously are you an idiot. Try the FIRST PAGE of The Securities Act of 1933.

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@John_Hempton

John_Hempton

4 years

LinkedIn can be so much fun.

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@John_Hempton

John_Hempton

3 years

Rumour: Bill Hwang, Archegos Capital, the fund that blew up on Friday, was behind the January short squeeze in GSX. It thrills me with joy when the carcass of big funds that try squeeze shorts wind up swinging, maggot infested in the breeze. 1/2

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@John_Hempton

John_Hempton

3 years

Was the test accurate?

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@John_Hempton

John_Hempton

3 years

What was strange about the $GME short squeeze is that the company did not raise. Why not? Genuinely curious.

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@John_Hempton

John_Hempton

3 years

In which the CEO of a major listed financial company proves himself an idiot. Try the FIRST PAGE of the Securities Act of 1933.

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@brian_armstrong

Brian Armstrong

@brian_armstrong

3 years

5/ They responded by telling us this lend feature is a security. Ok - seems strange, how can lending be a security? So we ask the SEC to help us understand and share their view. We always make an effort to work proactively with regulators, and keep an open mind.

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@John_Hempton

John_Hempton

3 years

You can sell a self drive system you do not have. Is that like short selling?

@elonmusk

Elon Musk

3 years

u can’t sell houses u don’t own u can’t sell cars u don’t own but u *can* sell stock u don’t own!? this is bs – shorting is a scam legal only for vestigial reasons

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@John_Hempton

John_Hempton

3 years

I keep meeting people who have purchased their first ever share, and it is a dodgy biotech or a battery technology company with no cumulative R&D or other crap. These companies are worthless. These are ordinary middle class Australians. The scale of this mania is amazing.

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@John_Hempton

John_Hempton

4 years

The market can remain irrational longer than you can remain solvent.

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@John_Hempton

John_Hempton

3 years

Bitcoin is the Kim Kardashian of financial assets. Kim Kardashian is famous for being famous. Bitcoin is valued for its value.

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@John_Hempton

John_Hempton

5 years

I do not know who did this but 😂

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@John_Hempton

John_Hempton

2 years

I am at an investment conference where I hear many allocators talk. All have moved further up the risk spectrum. You hear phrases like "growth fixed income" which seems to me to be way of re-labelling deep junk. Nobody is getting out of this alive.

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@John_Hempton

John_Hempton

3 years

@RexChapman She is no "random". She was significantly probably the first Australian Aborigine who was a hero to the broad Australian populace. The cultural significance is hard to overstate. Alas it is also still too rare.

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@John_Hempton

John_Hempton

2 years

From a locked account - but spot on... Bloomberg interface simply sucks.

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@John_Hempton

John_Hempton

2 years

Hypothesis: Twitter is a better business than Tesla.

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@John_Hempton

John_Hempton

4 years

Help. I am thinking of becoming a value investor.

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@John_Hempton

John_Hempton

3 years

You remember when Cathy said that Tesla would go to $4000. Well guess what. Tesla is now $4000 split adjusted. $TSLA, $TSLAQ. (And yes, I am amazed... but markets do strange things...)

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@John_Hempton

John_Hempton

3 years

Your annual reminder that a stock that is down 90 percent is just a stock that was down 80 percent and then halved.

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@John_Hempton

John_Hempton

3 years

It is now official. Urban Dictionary: Gamestopped

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@John_Hempton

John_Hempton

4 years

If this paper is correct it changes COVID calculus. About 1/2 of cases including mild cases have mild brain damage. Common damage in areas responsible for smell (hence known symptoms) but also in cognitive areas. I don't know whether correct, but ugly.

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@John_Hempton

John_Hempton

3 months

Hell, I have no position in Nvidia - and I am hanging on the Nvidia earnings. I remember when people were obsessed by Cisco earnings in the same fashion. And I remember when $CSCO booked what looked like to me like stunning numbers and it went down. That was the top. $NVDA

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@John_Hempton

John_Hempton

1 year

If you have a HedgeEye subscription cancel it now. Otherwise you endorse this behaviour.

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@John_Hempton

John_Hempton

4 years

Typical LinkedIn conversation. What else could I say?

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@John_Hempton

John_Hempton

4 years

@TheColorBlue88 @LailaLalami travel credit = unsecured creditor.

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@John_Hempton

John_Hempton

2 years

Retail investors in 2022 are truly beyond parody.

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@John_Hempton

John_Hempton

4 years

This SPAC boom has proved that many big name fund managers are really money grabbing whores: discuss.

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@John_Hempton

John_Hempton

4 years

If the following is true: 1. all adults are susceptible to covid-19 2. about 75% will get it 3. 80% will find it no worse than a cold 4. 15% will go to pneumonia and 1.5% will die. What will politics and society look like in 12 months?

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@John_Hempton

John_Hempton

4 years

Because not every day someone does this about you...

@88888sAccount

88888

4 years

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@John_Hempton

John_Hempton

3 years

I am stunned by the number of people with no qualifications in science of any kind beyond high school who want to argue about vaccination with @ProfPCDoherty . FFS he has a Nobel Prize for immunology. A surprising number of these people are in finance. #fintwit

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@John_Hempton

John_Hempton

1 year

$TSLA is off another ten percent today. It is horrific. @elonmusk has to invite @GerberKawasaki to join the board. It is almost criminal that hasn't happened yet.

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@John_Hempton

John_Hempton

3 years

Without comment:

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@John_Hempton

John_Hempton

4 years

Bronte Capital: Coronavirus – getting angry Possibly the first time I have publicly agreed with @BillAckman

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@John_Hempton

John_Hempton

3 years

Hypothesis: Crypto (and specifically bitcoin) has not bottomed until Doge price is <1c. When Doge has large value we know that speculative mania is still rampant.

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@John_Hempton

John_Hempton

3 years

One interesting thing about this market. It is far easier to raise money for a completely fraudulent stock than for a hedge fund.

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@John_Hempton

John_Hempton

3 years

I wake up and the first thing I do is check the $GME stock price. And I have no position.

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@John_Hempton

John_Hempton

3 years

What stage of the crypto-alt-bubble is this?

@litcapital

litquidity

3 years

Lana Rhoades promoting titscoin is prime marketing fit but also a sign of the top

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@John_Hempton

John_Hempton

3 years

Last year Credit Suisse earnings before tax were 4.8 billion. They just that wrote that off. On one credit. They are still going to be sued shitless over Greensill. At this point one wonders when they will pay dividends again. $CSGN

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@John_Hempton

John_Hempton

4 years

This will be solved by quantitative easing.

@IGN

IGN

4 years

NASA has confirmed that a 'potentially hazardous' asteroid is hurtling towards Earth at an incredible speed.

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@John_Hempton

John_Hempton

4 years

Who the f can't meet a 285 million dollar margin call?

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ABN Amro takes $285m loss on single client felled by coronavirus-linked market volatility

AMSTERDAM (BLOOMBERG) - ABN Amro Bank became the first European lender hurt by a major trading loss stemming from the coronavirus crisis, booking a US$200 million (S$285 million) net loss after a...

www.straitstimes.com

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@John_Hempton

John_Hempton

4 years

So which of you permabears thought that a stock market semi-crisis would be accompanied by the biggest one day gold price fall in recent memory?

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@John_Hempton

John_Hempton

2 years

I have to admit how hard this $APE dividend has been on my team at work. The synthetic share department worked all weekend to make enough $APE securities to match all the synthetic $AMC they had already made and we had sold. A big thanks to the team in the office.

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@John_Hempton

John_Hempton

4 years

Dave Portnoy hiding from the margin clerk. cc @stoolpresidente

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@John_Hempton

John_Hempton

1 year

This is a tragedy. The massive run in the stock this year was because the market anticipated the wisdom that Ross would bring to the board. I expect Tesla stock now to retrace all the gains of this year and test and eventually breach the $100 level. Ross, I hope you reconsider.

@GerberKawasaki

Ross Gerber

@GerberKawasaki

1 year

After careful consideration, I’ve decided to withdraw my nomination for the Tesla BOD. As a friendly activist, I feel that shareholders have been heard. Looking forward to what Tesla has to show us next week! $tsla

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@John_Hempton

John_Hempton

1 year

Hey Pomp...

@APompliano

Pomp 🌪

3 years

Average interest rates in the US: - Checking account rate: 0.06% - Bank Savings rate: 0.09% - Money market rate: 0.16% Compare this to BlockFi (investor): - Bitcoin rate: 6% - GUSD/USDC rate: 8.6% Leave the old world and join the future. No brainer.

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@John_Hempton

John_Hempton

4 years

Tweet of the day.

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@John_Hempton

John_Hempton

4 years

The best thing about being a short-seller in this market: one day the beatings will stop.

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@John_Hempton

John_Hempton

5 months

I once said that I would rather hang out with drug dealers and prostitutes than @BillAckman . This is no longer true. Regime change is real.

@Citrini7

Citrini

5 months

We have entered a regime change:

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@John_Hempton

John_Hempton

4 years

I could get used to this quarantine. Reading annual reports in the cabin (a converted asbestos-fibro garage) at the beach house. Just been for a fine swim in the ocean. My wife bought me a coffee. Now why would I ever want to go back to the office?

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@John_Hempton

John_Hempton

4 years

South Korea by focussing on control of the virus (without particular concerns on the economy) will a) control the virus better and b) have less economic damage than countries that think that controlling the virus and managing the economy are in conflict.

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@John_Hempton

John_Hempton

4 years

@stoolpresidente @elonmusk stocks only go up. don't worry your pretty face.

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@John_Hempton

John_Hempton

4 years

@florian_krammer It is simultaneously true that a. the Chinese numbers are BS b. the Chinese containment is definitively effective (or Shanghai would be a mess) c. we have wasted time that the Chinese containment bought us.

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@John_Hempton

John_Hempton

2 years

It is not a company I like - but if you had told me that $FB would trade at 13x earnings before the market had totally gone to crap I would not have believed you. Who is buying?

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@John_Hempton

John_Hempton

10 months

The transition of Marc Cohodes from reputable but iconoclastic short seller to out-and-out stock promoter is complete. I understand though. I have always said the crooks have a better business model. I am surprised it was Marc that went to the dark side.

@compound248

Compound248 Greenlight MacroGuy💰

10 months

Today, Enovix, a science project battery company, posted a long letter trying to stop a reporter from investigating it. The letter culminates by calling me "ringleader" of a short group that coordinates trades. False. One might ask, "why is $ENVX so afraid of inspection?" 🧵👇

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@John_Hempton

John_Hempton

3 years

We were looking at a few potential shorts in a group meeting. A staff member described one company as having a "revenue light model". I will borrow the phrase.

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@John_Hempton

John_Hempton

4 years

I used to mock the two bit traders with big opinions trading from home in their pyjamas. With this work from home routine I am a trading from home and with big opinions and in my pyjamas.

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@John_Hempton

John_Hempton

6 years

It's on

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@John_Hempton

John_Hempton

3 years

You want to be a contrarian? On "Who wants to be a millionaire?" the best hint was "ask the crowd". The crowd was invariably right. That doesn't mean you can't make money being a contrarian. But it is super-hard and if you are contrarian about everything you are a loser.

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@John_Hempton

John_Hempton

1 year

@LayahHeilpern Some people are so stupid

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@John_Hempton

John_Hempton

2 years

OMG. $AMC is a Matt Gaetz stock. (It is below 18!)

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@John_Hempton

John_Hempton

4 years

I run >200 short positions. It works on average, but about once a year one costs me as much as $TSLA/$TSLAQ. It is never pleasant. But for someone whose starting position is 10x mine it must be frightening.

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@John_Hempton

John_Hempton

1 year

It is a scandal. Every day Tesla stock price falls - but the prescription is obvious. @elonmusk should appoint @GerberKawasaki to the Tesla board. Then he can take advantage of Ross's wisdom, salesmanship and overwhelming personal courage. 1/2

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@John_Hempton

John_Hempton

4 years

Not an original observation but the stock market only cared about coronavirus when white people started getting infected.

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@John_Hempton

John_Hempton

2 years

@CathieDWood Your ETF suggests that you might not get 50% compound returns for the next five years.

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@John_Hempton

John_Hempton

4 years

When your daily statistics are bullshit: Swedish coronavirus edition. Either in Sweden they do not accurately count the dead or the virus knows when the weekend is and people do not die on the weekend.

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@John_Hempton

John_Hempton

1 year

It is a long way from Bronte Australia to Bronte Sicily. But running a business called Bronte Capital I could not resist.

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@John_Hempton

John_Hempton

4 years

Confession: surprised by the strength of the rip up in the markets.

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@John_Hempton

John_Hempton

5 years

This must be past the top. I just heard the most bull market statement I have heard in my life. Direct quote: "on our platform you can use bitcoin as collateral to buy Tesla stock." $BTC $TSLA

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@John_Hempton

John_Hempton

3 years

I am just going to show my age. The crypto-coin called "CumRocket" is up 89 percent in the last 24 hours. Explaining this is beyond my ability. All I can do is watch in slack-jawed wonder.

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@John_Hempton

John_Hempton

4 years

Run a long/short fund for a decade. Over that time we have been marginally good (approx 2% alpha) on longs, and very good (double-digit alpha) on shorts. This year good (high single digit alpha) on longs. And really bad on shorts (about 10 percent -ve alpha). Regime change.

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@John_Hempton

John_Hempton

1 year

@andrewrsorkin @SBF_FTX @nytimes @dealbook Andrew has a business model. Never ask a difficult question. Never write an unflattering story about someone who will talk to you. And guess what. Everyone will talk to you. His book on the crisis is case in point. 1/2

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@John_Hempton

John_Hempton

1 year

I look at my short book and every now and again I ask "who buys this shit?"

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@John_Hempton

John_Hempton

3 years

If I came back in a week at Gamestop was $30 per share it would not surprise me. If I came back in a week and Gamestop was $1000 a share it would not surprise me. If @elonmusk bid $420 per share it would surprise me - but only a little. $GME

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@John_Hempton

John_Hempton

2 years

@chamath Taiwan is a country. What do you think?

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@John_Hempton

John_Hempton

2 years

Dear Apes, @CEOAdam has played you and got rich as the attached article demonstrates. He has your money. And he is very rude and will not say thank you. I am a short seller - and I have a little of your money too. Much less of it - but some. Thanks

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Data shows AMC insiders got rich off retail traders

Data reveals that during the "meme stock" craze that took place during the COVID pandemic, insiders at AMC profited from the moves made by retail investors.

www.foxbusiness.com

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@John_Hempton

John_Hempton

4 years

@RBReich Robert, most hedge funds have been running long-short for years. Their short book meant they underperformed the bull market sometimes to the mocking of the press and pundits. Now they outperform the bear market with no change of position.

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@John_Hempton

John_Hempton

6 years

@ScottMorrisonMP hmmm, you just lost one of the safest conservative seats in the country to a gay woman who was campaigning on greenhouse gases.

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@John_Hempton

John_Hempton

3 years

Dear Apes This is who you think you are trading against. You with your network of online fake friends. Them with their banks of computers and 160 plus PhDs in maths and physics. Good luck. And if you want to play poker with them I am pretty sure they play on Friday night.

@citsecurities

Citadel Securities

3 years

Shape the future of financial markets with visionary colleagues in an entrepreneurial environment.

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@John_Hempton

John_Hempton

2 years

I have to stop blocking anti-vaxers because it appears that I am blocking too many fraudulent stock promoters.

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@John_Hempton

John_Hempton

5 years

@ScottMorrisonMP ScoMo, may I troll you, you perverted judgemental happy-clappy fake Christian wanting to lock up people who disagree with you.

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@John_Hempton

John_Hempton

4 years

We worry about income inequality but nothing for me will beat the view of the once richest man in the Roman Republic. Marcus Licinius Crassus said that you can't really call yourself rich unless you can afford an army.

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@John_Hempton

John_Hempton

1 year

Now that Elon has removed all the bots from twitter I have to conclude that attractive women seem to like me.

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@John_Hempton

John_Hempton

3 years

Dear WSB If you think the market is rigged why do you have so much money in it? Don't you think ultimately it will be rigged against you - and you may pull down the odd fund - but ultimately the system will break you and take your money? Asking for a friend.

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@John_Hempton

John_Hempton

1 year

Hey Keith, it is the end of the year. $OPEN

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@John_Hempton

John_Hempton

2 years

I keep thinking Ken Griffin may be encouraging anti-Citadel conspiracy theorists. Apes keep paying 2x realised vol for options and keep gifting Ken Griffin money. Apes hate Ken Griffin so much they want to make him richer. $AMC, $GME

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@John_Hempton

John_Hempton

2 months

Disclose: a. I run one of the biggest short selling books in the world b. I have never snorted cocaine. My guess is projection - but not hanging around cocaine snorting parties I have never seen Alex Karp snorting cocaine. Have you?

@jawwwn_

Jawwwn

2 months

$PLTR CEO Alex Karp talking about short sellers on CNBC live right now: “They just love pulling down great American companies so that they can pay for their coke” Lmaooo he’s really not holding back today ❄️ 🔥

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@John_Hempton

John_Hempton

4 years

My current model of coronavirus. a. It is really nasty. You do not want it. Death rates are non-trivial for people above 50 and even people 20-30 will have a very bad time with some basis points of mortality. 1/n

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@John_Hempton

John_Hempton

3 years

I am listening to a podcast series on the history of the French Revolution. I am up to the point where short-sellers of the (French) East India Company are guillotined. And I thought European regulators were anti-shortseller these days...

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@John_Hempton

John_Hempton

4 years

@jameshamblin @florian_krammer Yes, the Chinese numbers were BS then. But they knew it. And their behaviour indicated they knew it. [Watch the behaviour, not the numbers.] American numbers are also BS. We know it, but we are not behaving like we know it.

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@John_Hempton

John_Hempton

3 months

Former President of Mongolia wins the internet.

@elbegdorj

Mongol Tsakhia ELBEGDORJ

3 months

After Putin’s talk. I found Mongolian historic map. Don’t worry. We are a peaceful and free nation🌏

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@John_Hempton

John_Hempton

2 years

@rabois @HighyieldHarry Keith, that makes you look moronic. Seriously if you pick the most down stock to compare yourself to it is rather rigging it.

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@John_Hempton

John_Hempton

4 years

Bronte Capital: Watch what the Chinese do

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@John_Hempton

John_Hempton

4 years

Help, I am looking at value stocks.

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@John_Hempton

John_Hempton

4 years

@BillAckman @realDonaldTrump I thought you were going to fight Herbalife till the end of the world.

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