[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.] #  @ptuomov Ptuomov Ptuomov posts on X about owen, bubble, investment, ponzicoin the most. They currently have XXXXX followers and 1127 posts still getting attention that total XXXXX engagements in the last XX hours. ### Engagements: XXXXX [#](/creator/twitter::1264276883601907713/interactions)  - X Week XXXXXX +308% - X Month XXXXXX +118% - X Months XXXXXXX -XX% - X Year XXXXXXXXX +8.10% ### Mentions: XX [#](/creator/twitter::1264276883601907713/posts_active)  - X Week XX +47% - X Month XX +100% - X Months XXX -XX% - X Year XXX +20% ### Followers: XXXXX [#](/creator/twitter::1264276883601907713/followers)  - X Week XXXXX +2% - X Month XXXXX +2.80% - X Months XXXXX +14% - X Year XXXXX +34% ### CreatorRank: XXXXXXXXX [#](/creator/twitter::1264276883601907713/influencer_rank)  ### Social Influence [#](/creator/twitter::1264276883601907713/influence) --- **Social category influence** [finance](/list/finance) [cryptocurrencies](/list/cryptocurrencies) [technology brands](/list/technology-brands) **Social topic influence** [owen](/topic/owen), [bubble](/topic/bubble), [investment](/topic/investment), [ponzicoin](/topic/ponzicoin), [meme coin](/topic/meme-coin), [$11b](/topic/$11b), [fartcoin](/topic/fartcoin), [banking](/topic/banking), [behind the](/topic/behind-the), [accounting](/topic/accounting) **Top assets mentioned** [PonziCoin (PONZI)](/topic/ponzicoin) [Fartcoin (FARTCOIN)](/topic/fartcoin) ### Top Social Posts [#](/creator/twitter::1264276883601907713/posts) --- Top posts by engagements in the last XX hours "Owenomics on Circular AI Deals: Owen Lamont argues that if there isn't securities issuance then there isn't a bubble. He sees securities issuance as one of the necessary conditions for an ex-ante identifiable bubble. If there isn't securities issuance the valuations may still turn out to be wrong with hindsight. However if the people best informed at the time aren't selling stock to less informed people the misvaluation likely wasn't dentifiable at the time. Because of this Owen does not think that there's a bubble in publicly traded AI-related stocks. Since the circular AI financing deals" [X Link](https://x.com/ptuomov/status/1979168243190247884) [@ptuomov](/creator/x/ptuomov) 2025-10-17T12:50Z 4188 followers, 5219 engagements ""BUT THEY CAN AND DID." A loosely paraphrased email conversion between friends: A: I asked our compliance if I could issue a meme coin called PONZICOIN. They were against it. I think it would be huge. B: You issuing PonziCoin would lead to a major potential liability. .because PonziCoin already exists It's Rishab Hegde's project at You'd be in hot water if you'd issue someone else's coin with a reserved name. Score one for your compliance group. A: Goddamn. B: GodDamn token also exists on Solana network. It's actually moving up right now perhaps because someone snooped your email A: You" [X Link](https://x.com/ptuomov/status/1953410362788757681) [@ptuomov](/creator/x/ptuomov) 2025-08-07T10:58Z 4189 followers, 30.6K engagements "In an infinite universe a companys profits and sales can grow forever at a rate larger than the cost of capital and yet the current fair market value to be equal to the book value. Price certainly need not be infinite The easiest way to construct such an example is to assume that the return on capital inside the company equals the market cost of capital and then just have the company expand forever by issuing stock (in net) every year" [X Link](https://x.com/ptuomov/status/1978436684241895798) [@ptuomov](/creator/x/ptuomov) 2025-10-15T12:23Z 4186 followers, 1324 engagements "$1.1B That whole continent needs to start taking the short bus" [X Link](https://x.com/ptuomov/status/1978067153568813277) [@ptuomov](/creator/x/ptuomov) 2025-10-14T11:55Z 4188 followers, XXX engagements "@CliffordAsness I cant read minds but what a sober-minded person might want to say instead is that Shared irrational optimism is a lot less irrational than it first seems when you take into account its feedbacks into fundamentals" [X Link](https://x.com/ptuomov/status/1978814262437962048) [@ptuomov](/creator/x/ptuomov) 2025-10-16T13:24Z 4188 followers, 1833 engagements "AN UNSOLICITED TREND-FOLLOWING OPINION After the GFC and until about 2014 basic trend-following strategies experienced significant inflows. At the same time many institutional asset-allocation strategies incorporated trend-following features in their process across the manager and sponsor institutions. In my opinion this makes the pre-2015 backtests of basic trend strategies poor predictors of future returns. I believe that the last ten years are much more representative of how the market will work in the near future. This has led me to the following conclusion on trend-following strategies:" [X Link](https://x.com/ptuomov/status/1974123564983877721) [@ptuomov](/creator/x/ptuomov) 2025-10-03T14:45Z 4188 followers, 1942 engagements "This may in fact be narrowly correct ;) The reality is that there will soon be few excuses for retail investors not only to survive a market crash in the future but maybe to profit from one as well Excuses eliminated the bad performance not so much Some of these ETFs remind me of the War Games movie and the realization that the only way to win is not to play" [X Link](https://x.com/ptuomov/status/1979293627131277339) [@ptuomov](/creator/x/ptuomov) 2025-10-17T21:09Z 4188 followers, XXX engagements "COMMENTS ON FRIDAYS SHART ON THE FARTCOIN CHART We own X% of a crypto investment bank called Sentora. The investment banking side came from Trident Digital and the technology side came from IntoTheBlock. One of the benefits of this investment is that the main founder (@admff492) regularly and patiently explains to me what's happening in the crypto markets. One important thing to understand is that the crypto market is extremely leveraged. This leverage makes the technical functioning of the market critically important to the price discovery process. The market structure has bifurcated into" [X Link](https://x.com/ptuomov/status/1977395039765508486) [@ptuomov](/creator/x/ptuomov) 2025-10-12T15:24Z 4188 followers, 27.2K engagements "@danchodan I think there are two factors behind the recent growth: 1) technology has brought down the costs of managing separate accounts (which allows for lower minimums) and 2) quant investment strategies (which lend themselves well to tax aware investing) have gained acceptance" [X Link](https://x.com/ptuomov/status/1978955874598010955) [@ptuomov](/creator/x/ptuomov) 2025-10-16T22:47Z 4188 followers, XXX engagements "WILL CIRCULAR AI DEALS MAKE FINANCIAL STATEMENTS UNRELIABLE Following up on Owen Lamonts circle-jerk bubble article. I fear that these circular AI deals will make financial statements of public companies unreliable. Consider the following example: Suppose that I am publicly traded company. I decide to sell compute services to a private startup in exchange for private startup shares. This may or may make sense its business judgment and hindsight is 20-20. How should I price the deal though I could value both sides of the transaction at $X which is what I usually sell the services for after" [X Link](https://x.com/ptuomov/status/1979290254117949801) [@ptuomov](/creator/x/ptuomov) 2025-10-17T20:55Z 4188 followers, 3996 engagements "Nonmonetary/circular deals and commercial substance were once focus points of accounting and securities regulators. If the arrangement is essentially a round trip with no real economic change to expected cash flows GAAP says it lacks commercial substance then revenue recognition can be blocked. The SEC used to round-trip or barter-style schemes that inflated revenue without real economics. However here we are trading hot startup shares with liquidation preferences on one hand and far-into-the-future services both of which are difficult to value and have economic turn and substance. And world" [X Link](https://x.com/ptuomov/status/1979327870519423057) [@ptuomov](/creator/x/ptuomov) 2025-10-17T23:25Z 4188 followers, XXX engagements "ChatGPT on the tech bubble XXX circular deals: - Heres the quick primer on the dot-com eras ad-for-ad (round-trip) schemeswhat they were how they worked and how regulators shut them down. ### What ad-for-ad / round-trip deals were Online companies (publishers portals ad networks) would **swap advertising or round-trip cash** through intermediaries so each party could book **gross ad sales** without any real net economics. Typical pattern: Company A funds Company B (directly or via a third party); B buys ads from A; A books revenue; money ultimately circles back leaving little or no change in" [X Link](https://x.com/ptuomov/status/1979328758843674879) [@ptuomov](/creator/x/ptuomov) 2025-10-17T23:28Z 4188 followers, XXX engagements "Certain type of securities issuance by the company such as convertible bond issuance leads to a persistent increase in short interest and borrow rate. I guided a smart undergraduate student writing a thesis about this and how it changed the subsequent stock-price reactions. That was more than XX years ago though" [X Link](https://x.com/ptuomov/status/1979331195386122349) [@ptuomov](/creator/x/ptuomov) 2025-10-17T23:38Z 4188 followers, 1271 engagements "@SariArhoHavren Yes you can. Go see the executive branch on bluesky XX hours ago" [X Link](https://x.com/ptuomov/status/1979573266617598132) [@ptuomov](/creator/x/ptuomov) 2025-10-18T15:40Z 4188 followers, XXX engagements
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
@ptuomov Ptuomov
Ptuomov posts on X about owen, bubble, investment, ponzicoin the most. They currently have XXXXX followers and 1127 posts still getting attention that total XXXXX engagements in the last XX hours.
Engagements: XXXXX #
- X Week XXXXXX +308%
- X Month XXXXXX +118%
- X Months XXXXXXX -XX%
- X Year XXXXXXXXX +8.10%
Mentions: XX #
- X Week XX +47%
- X Month XX +100%
- X Months XXX -XX%
- X Year XXX +20%
Followers: XXXXX #
- X Week XXXXX +2%
- X Month XXXXX +2.80%
- X Months XXXXX +14%
- X Year XXXXX +34%
CreatorRank: XXXXXXXXX #
Social Influence #
Social category influence finance cryptocurrencies technology brands
Social topic influence owen, bubble, investment, ponzicoin, meme coin, $11b, fartcoin, banking, behind the, accounting
Top assets mentioned PonziCoin (PONZI) Fartcoin (FARTCOIN)
Top Social Posts #
Top posts by engagements in the last XX hours
"Owenomics on Circular AI Deals: Owen Lamont argues that if there isn't securities issuance then there isn't a bubble. He sees securities issuance as one of the necessary conditions for an ex-ante identifiable bubble. If there isn't securities issuance the valuations may still turn out to be wrong with hindsight. However if the people best informed at the time aren't selling stock to less informed people the misvaluation likely wasn't dentifiable at the time. Because of this Owen does not think that there's a bubble in publicly traded AI-related stocks. Since the circular AI financing deals"
X Link @ptuomov 2025-10-17T12:50Z 4188 followers, 5219 engagements
""BUT THEY CAN AND DID." A loosely paraphrased email conversion between friends: A: I asked our compliance if I could issue a meme coin called PONZICOIN. They were against it. I think it would be huge. B: You issuing PonziCoin would lead to a major potential liability. .because PonziCoin already exists It's Rishab Hegde's project at You'd be in hot water if you'd issue someone else's coin with a reserved name. Score one for your compliance group. A: Goddamn. B: GodDamn token also exists on Solana network. It's actually moving up right now perhaps because someone snooped your email A: You"
X Link @ptuomov 2025-08-07T10:58Z 4189 followers, 30.6K engagements
"In an infinite universe a companys profits and sales can grow forever at a rate larger than the cost of capital and yet the current fair market value to be equal to the book value. Price certainly need not be infinite The easiest way to construct such an example is to assume that the return on capital inside the company equals the market cost of capital and then just have the company expand forever by issuing stock (in net) every year"
X Link @ptuomov 2025-10-15T12:23Z 4186 followers, 1324 engagements
"$1.1B That whole continent needs to start taking the short bus"
X Link @ptuomov 2025-10-14T11:55Z 4188 followers, XXX engagements
"@CliffordAsness I cant read minds but what a sober-minded person might want to say instead is that Shared irrational optimism is a lot less irrational than it first seems when you take into account its feedbacks into fundamentals"
X Link @ptuomov 2025-10-16T13:24Z 4188 followers, 1833 engagements
"AN UNSOLICITED TREND-FOLLOWING OPINION After the GFC and until about 2014 basic trend-following strategies experienced significant inflows. At the same time many institutional asset-allocation strategies incorporated trend-following features in their process across the manager and sponsor institutions. In my opinion this makes the pre-2015 backtests of basic trend strategies poor predictors of future returns. I believe that the last ten years are much more representative of how the market will work in the near future. This has led me to the following conclusion on trend-following strategies:"
X Link @ptuomov 2025-10-03T14:45Z 4188 followers, 1942 engagements
"This may in fact be narrowly correct ;) The reality is that there will soon be few excuses for retail investors not only to survive a market crash in the future but maybe to profit from one as well Excuses eliminated the bad performance not so much Some of these ETFs remind me of the War Games movie and the realization that the only way to win is not to play"
X Link @ptuomov 2025-10-17T21:09Z 4188 followers, XXX engagements
"COMMENTS ON FRIDAYS SHART ON THE FARTCOIN CHART We own X% of a crypto investment bank called Sentora. The investment banking side came from Trident Digital and the technology side came from IntoTheBlock. One of the benefits of this investment is that the main founder (@admff492) regularly and patiently explains to me what's happening in the crypto markets. One important thing to understand is that the crypto market is extremely leveraged. This leverage makes the technical functioning of the market critically important to the price discovery process. The market structure has bifurcated into"
X Link @ptuomov 2025-10-12T15:24Z 4188 followers, 27.2K engagements
"@danchodan I think there are two factors behind the recent growth: 1) technology has brought down the costs of managing separate accounts (which allows for lower minimums) and 2) quant investment strategies (which lend themselves well to tax aware investing) have gained acceptance"
X Link @ptuomov 2025-10-16T22:47Z 4188 followers, XXX engagements
"WILL CIRCULAR AI DEALS MAKE FINANCIAL STATEMENTS UNRELIABLE Following up on Owen Lamonts circle-jerk bubble article. I fear that these circular AI deals will make financial statements of public companies unreliable. Consider the following example: Suppose that I am publicly traded company. I decide to sell compute services to a private startup in exchange for private startup shares. This may or may make sense its business judgment and hindsight is 20-20. How should I price the deal though I could value both sides of the transaction at $X which is what I usually sell the services for after"
X Link @ptuomov 2025-10-17T20:55Z 4188 followers, 3996 engagements
"Nonmonetary/circular deals and commercial substance were once focus points of accounting and securities regulators. If the arrangement is essentially a round trip with no real economic change to expected cash flows GAAP says it lacks commercial substance then revenue recognition can be blocked. The SEC used to round-trip or barter-style schemes that inflated revenue without real economics. However here we are trading hot startup shares with liquidation preferences on one hand and far-into-the-future services both of which are difficult to value and have economic turn and substance. And world"
X Link @ptuomov 2025-10-17T23:25Z 4188 followers, XXX engagements
"ChatGPT on the tech bubble XXX circular deals: - Heres the quick primer on the dot-com eras ad-for-ad (round-trip) schemeswhat they were how they worked and how regulators shut them down. ### What ad-for-ad / round-trip deals were Online companies (publishers portals ad networks) would swap advertising or round-trip cash through intermediaries so each party could book gross ad sales without any real net economics. Typical pattern: Company A funds Company B (directly or via a third party); B buys ads from A; A books revenue; money ultimately circles back leaving little or no change in"
X Link @ptuomov 2025-10-17T23:28Z 4188 followers, XXX engagements
"Certain type of securities issuance by the company such as convertible bond issuance leads to a persistent increase in short interest and borrow rate. I guided a smart undergraduate student writing a thesis about this and how it changed the subsequent stock-price reactions. That was more than XX years ago though"
X Link @ptuomov 2025-10-17T23:38Z 4188 followers, 1271 engagements
"@SariArhoHavren Yes you can. Go see the executive branch on bluesky XX hours ago"
X Link @ptuomov 2025-10-18T15:40Z 4188 followers, XXX engagements