← pool

📈 Record 2024 Atlantic hurricane season drives catastrophe losses

Friedberg calls for record Atlantic sea-surface temperatures in the August-October 2024 window, pushing an unusually large number of major hurricanes into the continental US and Mexico. The market read-through is catastrophe losses at the P&C insurers and reinsurers writing Gulf and Atlantic coastal risk.

0 CONVICTION
peaked 50.3 WATCH
EMBER
band
▼ SHORT KIE
expression · bearish equities
WRONG
result · return -20.6% · vs SPY -35.1%
2024-12-07
born 2024-06-07 (E182) → window closed

⚖ Why this result

fully deterministic — computed from daily closes on the scoring date; nothing below is editable or hand-set

  1. Window: 2024-06-07 → 2024-12-07 — first mention + 6-month horizon, then the window locks.
  2. The call: ▼ SHORT KIE (primary play). KIE rose 20.6% over the window → return (sign flipped for a SHORT) = -20.6% (the call lost money).
  3. Benchmark: holding SPY over the same window returned +14.5% → vs SPY = -20.6 − (+14.5) = -35.1% — what this call made or lost against just owning the index. This is the number the result uses.
    Direction-only read: -6.0% — did KIE move the predicted way relative to the market. The two only differ on a SHORT: this call was right about direction relative to the index but still cost money versus holding it.
  4. Rule fired:
    · RIGHT — return ≥ +10% AND beat SPY by 5+
    · HALF — return ≥ +5% OR beat SPY at all
    ▶ WRONG — everything else
  5. Credit: supporters of a WRONG earn 0 each, opposers the opposite — this feeds the scoreboard. supported: Chamath, Friedberg

Conviction timeline

bands: green ≥ 65 · watch ≥ 45 · ember ≥ 15

Plays vs SPY · % since first mention (2024-06-07)

Plays

expressionsymbolkindrelevancerationale
▼ SHORT KIEetf PRIMARY P&C insurance ETF — the direct carrier of US coastal catastrophe losses
▼ SHORT RNRstock adjacent reinsurer with heavy Atlantic property-cat exposure
▼ SHORT UVEstock adjacent Florida-concentrated homeowners insurer, highest beta to a landfall season

Mention log newest first

Chamath
Chamath equities 42% · n=163 · E199 (2024-10-11) · explicit_prediction · strength 2 ▶ 20:06 SUPPORT
“if you only have a $17 billion re-insurance fund and there's 50 billion of damage, somebody's going to have to come in and cover the gap. And if it's the insurance companies, expect your insurance premiums to double or triple.”
Friedberg
Friedberg equities 43% · n=123 · E199 (2024-10-11) · explicit_prediction · strength 3 ▶ 13:01 SUPPORT
“And we're now looking at one-in-100-year events happening every two to three years in the United States with the hurricane activity that we've been seeing.”
Friedberg
Friedberg equities 43% · n=123 · E182 (2024-06-07) · explicit_prediction · strength 3 ▶ 1:11:48 SUPPORT · horizon 6mo
“we will see record sea surface temperatures in the August to October timeframe, which will almost certainly push massive hurricane events out of the Atlantic and they will find their way towards the continental US and Mexico”

Who built this conviction

each voice's total push on the score, in conviction points across every mention — supports and opposes · share = % of all mention-driven movement

Friedberg
Friedberg 43%
2 scoring events · 80% of moves
+56.1 → net +56.1
Chamath
Chamath 42%
1 scoring event · 20% of moves
+14.4 → net +14.4

⏳ decay drained -32.7 over the idea's life — that's time passing, attributed to no one

Score events

episodekindΔafternote
E182 2024-06-07 init +42.0 42.0 E182 born by Friedberg (explicit_prediction x3)
E183 2024-06-14 decay -1.7 40.3 E183 silent
E184 2024-06-20 decay -1.6 38.7 E184 silent
E185 2024-06-29 decay -1.5 37.2 E185 silent
E186 2024-07-04 decay -1.5 35.7 E186 silent
E187 2024-07-12 decay -1.4 34.2 E187 silent
E188 2024-07-19 decay -1.4 32.9 E188 silent
E189 2024-07-26 decay -1.3 31.6 E189 silent
E190 2024-08-02 decay -1.3 30.3 E190 silent
E191 2024-08-09 decay -1.2 29.1 E191 silent
E192 2024-08-16 decay -1.2 27.9 E192 silent
E193 2024-08-23 decay -1.1 26.8 E193 silent
E194 2024-08-30 decay -1.1 25.7 E194 silent
E195 2024-09-06 decay -1.0 24.7 E195 silent
E196 2024-09-20 decay -1.0 23.7 E196 silent
E197 2024-09-27 decay -0.9 22.8 E197 silent
E198 2024-10-03 decay -0.9 21.9 E198 silent
E199 2024-10-11 reinforce +14.1 35.9 E199 Friedberg support x3
E199 2024-10-11 reinforce +14.4 50.3 E199 Chamath support x2 (new voice)
E200 2024-10-18 decay -2.0 48.3 E200 silent
E201 2024-10-25 decay -1.9 46.4 E201 silent
E202 2024-11-01 decay -1.9 44.5 E202 silent
E203 2024-11-08 decay -1.8 42.8 E203 silent
E204 2024-11-16 decay -1.7 41.0 E204 silent
E205 2024-11-23 decay -1.6 39.4 E205 silent
E206 2024-12-07 decay -1.6 37.8 E206 silent