auntienomen

55 ms·

601.
by auntienomen 12y ago
Aleynikov worked for a specific trading desk at Goldman-Sachs, which carries out high frequency strategies in some equity markets. High frequency equity trading is the sub industry I'm referring to. Since you're apparently confu
602.
by auntienomen 12y ago
You should take with a grain of salt any assertions you see that Aleynikov was bringing in billions in revenue. The sub-industry he worked in doesn't see those kinds of numbers from any individual's effort.
603.
by auntienomen 12y ago
We aren't removing human reflection from the operations of our economy. High frequency traders don't make decisions about the allocation of capital. They _can't_, because they don't hold positions overnight; they sell
604.
by auntienomen 12y ago
I agree with your main point, but it sounds like you're conflating hedge funds and banks.
605.
by auntienomen 12y ago
I am in fact not accusing CmonDev of hypocrisy. My point is that he very likely has good reasons for not working on a cure for cancer, such as knowing absolutely nothing about that very complicated subject. The same is true of the people
606.
by auntienomen 12y ago
Are you yourself working on a cure for cancer?
607.
by auntienomen 12y ago
Moreover, capital was far scarcer then than now. If you needed to raise money for an enterprise, there were fewer places to look for it. Consequently, Ol' Pierpont had a great deal more politial power than someone with the same amoun
608.
by auntienomen 12y ago
1% not 10%. CALPERS only allocated about $4B out of $300B to hedge funds.
609.
by auntienomen 12y ago
It's the one company I know of (outside of security-clearance jobs) where you're not allowed to say that you worked there. Are you sure about this? There are plenty of people on LinkedIn who identify themselves as working at&#x
610.
by auntienomen 12y ago
There was a Bloomberg article about this some years ago. Axcom was run by James Ax, and jointly owned by Ax & Simons. (Axcom was a 'trading advisor'. They made recommendations to Renaissance, which managed a fund based on th
611.
by auntienomen 13y ago
They do have every right to route their orders where they will. It's telling that most of the buy side prefers to route their orders to public exchanges rather than dark pools like IEX.
612.
by auntienomen 13y ago
I've lived in both places and this strikes me as correct. The day-to-day food in SF is just excellent, In part, I suspect, because they incorporate fresh vegetables of a kind that are just not available in NY for 8 months out of the ye
613.
by auntienomen 13y ago
It also appears to have quite a remarkable instruction set.
614.
by auntienomen 13y ago
That was the city's mayor.
615.
by auntienomen 13y ago
Bitcoin's not a very good solution for these guys. The fluctuations in the value of BTC could really screw up their cash flow. "Uh, sorry guys. China made a minor change in thier banking laws, and we're a little short of c
616.
by auntienomen 13y ago
Imagine that you're known to be regularly moving around in an unarmored car with $50K. Would you take a chance that you get the robber who won't just shoot you dead?
617.
by auntienomen 13y ago
Perelman wasn't an academic nobody. He was a Miller fellow at Berkeley, and had visiting positions at the Courant Institute and Stony Brook. When he left the academic system, he had job offers at Princeton and Stanford. TL;DR People
618.
by auntienomen 13y ago
As others have pointed out, $3B is not a small amount of money. Also, most of the money spent in the drug war doesn't go through the DEA. For example, DEA doesn"t run prisons. It costs about $50000 to keep someone in prison. We
619.
by auntienomen 13y ago
Nutt didn't advocate restrictions on alcohol use. He argued that it was absurd to make other drugs illegal when something as dangerous as alcohol is illegal. (By the way, if that last sentence is giving you cognitive dissonance, you n
620.
by auntienomen 13y ago
This is an ignorant statement. The cause of the economic crash in 2008 was leveraged bets on lots of bad debt. These bets were made by fratboys in suits, shaking hands and making phone calls and sending emails. The financial instruments
621.
by auntienomen 14y ago
I confess to being strangely comforted that no one in Arizona has shot a Sikh yet.
622.
by auntienomen 14y ago
HFT doesn't drive the market. The market is driven by pension funds, mutual funds, sovereign wealth funds, banks, corporations investing on their own behalf, and private equity funds and hedge funds. HFT traders act as intermediaries whe