RookyNumbas

9 ms·

31.
by RookyNumbas 7y ago
I don't disagree with anything you've written. But if you name a strategy, I can make a case for why it's providing liquidity. On the one extreme, some firms truly are paid to make liquidity. This is the basis of the maker-ta
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by RookyNumbas 7y ago
These eggheads (very) occasionally move to other firms and see similar returns. Of course rentech then sues those other firms for all the profits they make. And they win.
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by RookyNumbas 7y ago
The medallion fund had 20 years of performance before the other funds existed.
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by RookyNumbas 7y ago
James Simons had a funds for tech startups. But it wasn't nearly large enough to support the kind of profits that happened.
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by RookyNumbas 7y ago
This would only explain the performance for the last 10 years. There were no "sucker" funds for the first 20.
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by RookyNumbas 7y ago
No, the medallion fund existed for 20 years before these other funds were opened.
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by RookyNumbas 7y ago
I'm not sure how accurate this tactical liquidity picture is, at least for much of medallion's history. For a good portion of their existence they called in all their trades twice a day. Them being fairly late to the automated tra
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by RookyNumbas 7y ago
Which games we selectively care about are a result of our values. So our ranking of the importance of games mimics our value hierarchy. Christianity provides a value structure with a clear "Top", and the instructions to organize o
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by RookyNumbas 7y ago
Right. There isn't one game, there are infinitely many, and different people will have success at different games. But there is also the meta-game: The game of being able to win the highest variety and largest amount of different games
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by RookyNumbas 7y ago
What you're describing is more like general uncertainty of the future. Procrastination is when those uncertainties have collapsed into pressing realities that need to be handled. And then you don't do them anyways. Putting off lea
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by RookyNumbas 7y ago
This seems correct to me. The last two things I've learned were javscript/node/react and Haskell. I had never touched js or html before, but within two days I had a pretty decent web app up and running. It was something that
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by RookyNumbas 7y ago
That's true. Except when interviewers see your profile and they suddenly care a lot about the hacky code you wrote at 3am on a saturday for fun. sigh...
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by RookyNumbas 7y ago
You've listed a handful of funds that have good PR, which are the only ones software guys have heard of. They are a fraction of the total buy side. This would be like saying Yahoo, Uber, Google and Cisco represent the entire tech indus
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by RookyNumbas 7y ago
This analysis is continuously being done. You can find it for your country easily. In most developed countries a ~5% gap exists. This is usually attributed to men being more aggressive in negotiations.
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by RookyNumbas 7y ago
Your first paragraph has been the goto defense for VR for a decade now. I used it myself five years ago. But it's gotten old now. Tech is supposed to solve these problems faster than this. The Valve index sold out because it is the onl
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by RookyNumbas 7y ago
I feel somewhat sorry for the author. He ends the post with the realization that the search for success has not turned out like he was led to believe, and then questions how he should proceed with life. My advice would be to go make pasta a
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by RookyNumbas 7y ago
Do you know if these measurements were possible in the past, and no one thought of doing them? Or are they only recently possible, enabled by new technology?
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by RookyNumbas 7y ago
Are you saying meditation doesn't work? Or just prayer? Remember that both prayer and meditation mean very different things to different people. I used to be quick to dismiss prayer until I talked to more people about it and found that
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by RookyNumbas 7y ago
Bloom was famous for his reading speed and memory: 400 pages an hour for simpler material, and could recite most of Shakespeare's works word by word. For us mortals the canon is meant to take a lifetime to read.
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by RookyNumbas 7y ago
I agree. Activism, Politics, Inter-governmental cooperation and policies will not be what alleviates the dangers of climate change. A few major technological breakthroughs will rock the world and we will be having a much different discussio
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by RookyNumbas 7y ago
Australia is always on fire. More of has burnt many times, many decades ago. I'm not saying that climate change isn't responsible. I do believe that it has increased the severity of the situation, and that is a big problem. But th
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by RookyNumbas 7y ago
Yes, empathetic 1:1 conversation is critical, and yes you can have a huge impact on those around you. But this has nothing to do with keeping up to date with news. Facts will not change your racist uncle's opinion. 99% of the news you
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by RookyNumbas 7y ago
Hedge Funds have always paid quants significantly better. In the past decade or so many banks have built out their engineering teams. Goldman is now 25% engineers. More recently these banks have started to compete with hedge funds for the s