Rocket Man

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Oct 20, 2023

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ANECDOTE

Fund Took A Large Concentrated Bet

Evan Tindell grew his Twitter position from 8–10% up to about 20% of his fund during the gap.
He accepted concentrated risk because the expected payoff exceeded potential drawdowns.

ANECDOTE

Reporter Declined To Trade

Chancery Daily publicly covered the case but deliberately avoided trading to prevent bias.
She feared even minor bias would taint live reporting and analysis.

INSIGHT

Account For Rare Black‑Swan Risks

Traders considered low-probability catastrophic scenarios like corruption or other unprecedented events.
Those tail risks reduced position size for some and explained part of the persistent spread.

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