The Ledger

Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.

clear all ✕

why aren't all 54 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable

Assertion Not checkable as stated
Balyasny reinvested broker commissions into his personal trading account at 18
“Turned 18, I was licensed as a stock broker, got a job at a small firm, mostly cold calling, trying to get new clients, and I started reinvesting the commissions that I earned from being a broker to my own trading account.”
Dmitry Balyasny Oct 2, 2023 ▶ 6:40 Dmitry Balyasny – Multi-Strategy Platform at BAM (EP.341)
Disclosure
Morning trading strategy focused on relative weakness and market reversals
“In the morning, a lot of times, you look for reversal trades, where the market would open up, and you look for stocks that weren't trading well versus the market, and they were showing relative weakness versus the market, and industries that were showing relat…”
Dmitry Balyasny Oct 2, 2023 ▶ 11:03 Dmitry Balyasny – Multi-Strategy Platform at BAM (EP.341)
Disclosure
Afternoon trading strategy centered on momentum and multi-day position building
“In the afternoon, it was typically more momentum type trading where you're looking for things that were really outperforming during the day, continued to gather momentum into the afternoon session where They might be a multi-day type of trade. You were trying …”
Dmitry Balyasny Oct 2, 2023 ▶ 11:36 Dmitry Balyasny – Multi-Strategy Platform at BAM (EP.341)
Disclosure
Early trading focused on short-term catalysts over long-term valuation models
“I was focused on the change in fundamentals and news flow, so I wasn't focused on fundamentals of trying to figure out what a company was going to earn next year, but we were focused on what is driving the stock for the next few days and few weeks. We weren't …”
Dmitry Balyasny Oct 2, 2023 ▶ 14:35 Dmitry Balyasny – Multi-Strategy Platform at BAM (EP.341)
Assertion Not checkable as stated
Balyasny's parents cleaned motels for $3 an hour after emigrating
“My dad was a college professor in Kiev. My mom was an engineer. They came here, they were cleaning motel rooms for three dollars an hour.”
Dmitry Balyasny Oct 2, 2023 ▶ 1:27:24 Dmitry Balyasny – Multi-Strategy Platform at BAM (EP.341)
Disclosure
Thomas H. Lee invested in BAM when it had $300M AUM
“We had an early investor, Tom Lee, who ran a successful private equity firm, and I think we had three hundred million under management or something when he invested with us, and he had a big family office that was a prominent hedge fund investor”
Dmitry Balyasny Oct 2, 2023 ▶ 1:27:50 Dmitry Balyasny – Multi-Strategy Platform at BAM (EP.341)
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