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Top story on HN because we all secretly think we can be the next Jim Simons when in reality we're a few months away from posting loss porn to /r/WSB. If standa
by 01100011 2y ago
Top story on HN because we all secretly think we can be the next Jim Simons when in reality we're a few months away from posting loss porn to /r/WSB.
If standardized LLM models are used to analyze statements, expect the statements to be massaged in ways that produce more favorable results from the LLM.
- tempodox 2y agoYep, Goodhart's law is universal.
- bbor 2y agoI can’t wait until there’s warnings on stock market apps like cigarettes and lottery tickets. Well actually I guess there are no warnings on lotto tickets, probably for the exact same reason as why the government doesn’t protect people from being scammed by hedge funds with way more info than they have: the government needs that revenue.
- mb5 2y agoCFD trading apps have this in the UK (and possibly EU, but I can’t see whether ESMA kept the rule): “78% of retail investor accounts lose money when trading CFDs with this provider.” https://www.fca.org.uk/news/press-releases/fca-confirms-permanent-restrictions-sale-cfds-and-cfd-options-retail-consumers https://www.fca.org.uk/news/press-releases/fca-confirms-perm... Of course, there are a lot more ways to lose money than CFDs.