T_S_

58 ms·

511.
by T_S_ 16y ago
Don't agree with your understanding of hedge funds and markets. Also, I am in favor of regulation. Just not the kind that gets dished out like bad cafeteria food in this country. I am in favor of big banks listing each and every position
512.
by T_S_ 16y ago
Thanks man, sniffle. Actually I'm not too worried about that. More worried that the guys at google are waaaay smarter than me :-)
513.
by T_S_ 16y ago
Hagiography, maybe. But the notion that shorts kept the market going is just crazy. Short sellers get a bad rap, but if you think about it, shorts are the pins we need to pop the bubbles before they get too big. The only problem with shorts
514.
by T_S_ 16y ago
Not enough details available on how it works. Would rather build my own at this point. Plus the way this is billed oversimplifies the whole model design process. Sorry to sound so negative, but I just earned a PhD in Machine Learning. How w
515.
by T_S_ 16y ago
The first time I went to Denmark, I kept noticing the word "og" everywhere and I thought what funny little caveman words these people use. Then I found out its usage and pronunciation is almost identical as our "of". I felt "pwnd".
516.
by T_S_ 16y ago
Thanks for the update. I stopped using perl around the same time 5.8 was slated to be the last version of perl 5, since perl 6 was coming Real Soon Now. I learned perl in 1996 in order to cobble together a system that collected reports from
517.
by T_S_ 16y ago
Did you perhaps mean perl 5.8?
518.
by T_S_ 16y ago
Banks take risk through their positions. I am arguing that they should disclose what they own to the public--not disclose aggregated risk to a sleepy regulator. Banks would take less risk if required to do so.
519.
by T_S_ 16y ago
Not exactly. It would require them to release the terms of every deal. The methodology to evaluate these would not be required. In many sectors of the markets such services are alrady provided to the banks by vendors so the bank would merel
520.
by T_S_ 16y ago
Here's how to turn the Big Short into a bunch of little shorts and save us all a lot of trouble in the future: Require the banks to report each and every line item that they are long and short. A line item is simply there aggregate positio
521.
by T_S_ 17y ago
I doubt it. Maybe if he said "monetization the root of everything". Most philosophy of science arguments remind me of old costume dramas. They tend to say more about the times of the people who made them than about the times of the people d
522.
by T_S_ 17y ago
Yes but some kids step on ants for fun.
523.
by T_S_ 17y ago
Words always get mangled in meaning when the enter the business vocabulary. "Leadership" is a good example. We don't really need that many Winston Churchills, and probably couldn't survive having them. Nevertheless we admire the quality of
524.
by T_S_ 17y ago
Wow, no politics. Just java, buses and cafeterias.
525.
by T_S_ 17y ago
There will always be a distribution of opinions and therefore people with "foresight". The real challenge is to design a system with more stability. My opinion is that while we have had many putative capitalists in charge of regulating mark
526.
by T_S_ 17y ago
The article reiterates the authors' position that "products having no economic purpose except to achieve questionable accounting, tax or regulatory goals; or that raise serious concerns that customers will use them to issue materially misle
527.
by T_S_ 17y ago
You can see my suggestions about transparency above. I won't repeat them here. It provides the teeth to your disclosure requirement. I would suggest that instead of asking for line items by risk, we simply open the banks' books and get an e
528.
by T_S_ 17y ago
I agree. Ever notice how the media always treat a stock market rally like a sunny day? Too many sunny days bring a drought, which in this case means no chance to buy value at a good price. Short sellers are like rain. My main complaint is t
529.
by T_S_ 17y ago
Short sellers got rough treatment during the crisis, much of it undeserved. But we should not lump all short sellers together. Fear mongers do exist, but they only thrive in a low information environment, such as a panic. If banks and other
530.
by T_S_ 17y ago
I believe that you are referring to monetary policy in NZ. This is not the same thing. Essentially I am suggesting that banks have about the same amount of financial privacy that you and I do. They do a lot more transactions, so there is mu
531.
by T_S_ 17y ago
And business people, please don't "reach out" to me anymore. It's dead simple, just email or call.
532.
by T_S_ 17y ago
OK. This statistic refers to notional value. Adding up notional values makes as much sense as adding apples, oranges, yen and dollars. Actually it makes less sense than that. You cannot understand a bank's book without access to the individ
533.
by T_S_ 17y ago
I think these ideas are probably true in every era and culture, blackswan, being based on universal truths about human nature. Applying them mechanically I am sure you will agree is a terrific idea. Don't you? Thanks for the post blackswan.
534.
by T_S_ 17y ago
To make this clear, you may as well ask if surgeons need to go to med school. It's required by regulation and tradition. Same with lawyers. It's more an indication of the maturity of the field than the ability of the person, although it hop
535.
by T_S_ 17y ago
Not relevant to real life. It reminds me of stories from Econ 102 that said if only the Dutch who purchased Manhattan had offered the Native Americans the opportunity to put their money into CDs at 3% they would have come out ahead even aft
536.
by T_S_ 17y ago
There is only a Rashomon-like reality and it is getting worse thanks to compressed sensing technology. Just kidding I think. There are generalizations like mathematics that are objective, at least until we try to apply them to the world. I
537.
by T_S_ 17y ago
Good point. The names are more self-explanatory. And no super ego I guess.
538.
by T_S_ 17y ago
From the article: Q: "Where do you think the future of Automated Trading is headed?" A: "Distributing computations across many systems with side-effect free languages like Erlang and Haskell. High-frequency strategies asymptotically approa
539.
by T_S_ 17y ago
It's an interesting mishmash. Presumes educators won't adapt to the changing economy. Perhaps they won't, but consumers of education eventually will, and will find new educators. The bigger problem to me is that the skills needed in the fut
540.
by T_S_ 17y ago
The chapter on the entropy principal is very illuminating. Chapter 10 I think. People forget the link to the combinatorial basis of entropy.

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