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1. It was posted approximately 6 months ago. The Blog starts with talking about how Funds use full-time brokers instead of discount brokers because the cost of
by prakhar897 5y ago
1. It was posted approximately 6 months ago. The Blog starts with talking about how Funds use full-time brokers instead of discount brokers because the cost of brokerage is passed down to the consumer. In return, the Funds gets Kickback. Specifically the author says that his team needed new laptops. So, instead of buying new laptops , he moved from Discount to Full time broker who costs 100x more. Also, on side, the broker has an empty building and new laptops which the author's team can use. The author calls this soft money.
In Next Phase, author talks about how every Fund creates hundreds of schemes and then name top performing ones as "growth fund" and move other funds there.
2. This was also posted 6-8 months ago. Scientists create a machine in which light always goes off 1 sec before we press a button. The mechanism was that when the button is pressed, it travels back in time for 1 sec and turns on the light. By this experiment, people slowly realized that their actions are not their own and started going into Coma like stillness. The author was asian version of Nick bostrom.