arthurdent

11 ms·

61.
by arthurdent 16y ago
That's not really accurate. The stock market does not generally act as a mechanism to allow investors to funnel capital to companies. The stock market, as most people think about it, is really a secondary market for fractional ownership of
62.
by arthurdent 16y ago
False. I'm not sure why this post is catching as much flak as it did so quickly, but you don't seem to have read the post in its entirety. From the 3rd paragraph: "Microsoft's market cap is 221 B, their book value is 46 B, and therefore 175
63.
by arthurdent 16y ago
I understood the author to be saying that the market doesn't have the ability to predict out beyond 10 years. The ~10 year prediction for AAPL and GOOG is less of an indication that those 2 companies will fall off a cliff in 10 and more of
64.
by arthurdent 16y ago
I'm in a similar-ish situation here. I brought a friend onto an idea when it was in the very formative "barely an idea" stages. The initial idea was of the "good enough to try, but not enough to build an empire" variety. He rapidly took the
65.
by arthurdent 16y ago
The vinegar hack is brilliant. Cooking is chemistry and should be treated as such.
66.
by arthurdent 16y ago
I find this fascinating -- your reply and the parent to your reply (@Confusion) actually gave a lot of clarity to what I think on the matter. I'm 5 years out of college and I think my position has changed significantly since then. Until pro
67.
by arthurdent 16y ago
and when you indicate prices with your fingers, palms in for bids or purchases, and palms out for sales or offers. yes, people still do that by holding up the number of fingers of the price they want. yes, its archaic. but frankly, the elec
68.
by arthurdent 16y ago
pretty interesting tidbid: the pit language and structure is highly specific and has developed built in redundancy to prevent misunderstandings. the word "for" typically only represents bids or purchases and the word "at" typically represen
69.
by arthurdent 16y ago
he's just giving the play by play on the price basically. a "handle" is the whole number value, so when he says "down 65 handles" S&P futures are trading 65.00 points under the closing price from yesterday. in the pit they generally ref
70.
by arthurdent 17y ago
whoa. insanely cool. Given the market penetration that visa has, they'd get data that's fairly representative of the US (or world?) spending habits and i'd assume it'd be HUGELY effective. I doubt that they do it, and if that became public
71.
by arthurdent 17y ago
like hopeless said, the lens is a big deal. I'd ABSOLUTELY SKIP THE KIT LENS. If you're going nikon or canon, buy yourself the 50mm f/1.8 lens. it'll run you 100 bucks and teach you way more about photography because you'll get to play with
72.
by arthurdent 17y ago
See above thread. My POV = trading is zero sum (or worse, because transactions take money, and brokers are a guaranteed to win 3rd party in every transaction) However, I don't think thats the right analogy. Every trade in trading is like th
73.
by arthurdent 17y ago
>The capital-gains tax is a reason not to get into short-term trading In the same way taxes are a reason to not get into money making ventures. Short term trading encompasses a lot of ideas. Some are good some aren't. Many "short term"
74.
by arthurdent 17y ago
Regarding the IAMA thread: Small data point, but I've actually chatted with him a few times, and he seems legit. Can't verify his earnings or size he trades, but he seems to know his stuff.
75.
by arthurdent 17y ago
I actually think AlgoDeal sounds great, but can understand your skepticism. I haven't really looked into it, but what it sounds like to me is they provide you a platform to build strategies and test them, play with fake money. They may opti
76.
by arthurdent 17y ago
Somebody else on this thread has already plugged Interactive Brokers. They're cheap. For US stocks its $.005 to $.01 per share (with a $1 min per order) or something. I think most people here are interested in trading stocks (if interested
77.
by arthurdent 17y ago
Most things worth learning come with a cost. Writing code costs time. Regarding 20-30% returns on fake money, but 0-5% on real money, trading fees should be an assumption you make when you trade with fake money. I'm guessing you did, but i
78.
by arthurdent 17y ago
This may be just a difference of perspective. It is noble that you prefer to fix it. I consider that "fixing" broken things is a task that adds value to the world. I think that value creation generally is something that is rewarded (not nec
79.
by arthurdent 17y ago
Incidentally, heard a rumor (absolute speculation and it was probably made up by the person who told me) that Google was interested in financing an internal hedge fun and someone sent me this link. http://www.google.com/intl/en/jobs/usloca
80.
by arthurdent 17y ago
Thats how I feel about web startups sometimes. People who write better code (and faster), know more VC's, first to market. Finance, like startups, is a big world with room for many of players of different flavors.
81.
by arthurdent 17y ago
http://www.algodeal.com Someone sent me this gem a few days ago. I love the idea (for the guys who run it AND the guys who it opens up opportunities for). Might be something you could play with. Depending on what sort of HF strategy you w
82.
by arthurdent 17y ago
It blows my mind that this is taken to be true. There is a LOT of literature that "supports" these ideas, but a lot to the contrary as well. And there's lots of garbage out there if your primary source for this data is Google searches or a