bitxbit

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301.
by bitxbit 8y ago
I experienced the financial crisis first hand on Wall Street, a place fraught with people who pretended to know the ins and outs of risks. It was also a brutally honest place when it came to winners and losers. But that changed when Hank Pa
302.
by bitxbit 8y ago
Bingo. They've been saying this about actuarial science for a very long time. But they fail to mention that (1) there aren't that many positions available, (2) for students smart enough to qualify for the positions (passing the CA
303.
by bitxbit 8y ago
People live too comfortably now for us to see anything significant. 2008 was blatant and the Occupy Wall Street movement lasted a hot summer. I know a lot of people are expecting the next crash right around the corner but it's not gonn
304.
by bitxbit 8y ago
It's not you, it's just that he's answering the question by using a macro framework. I don't necessarily agree with his approach because China has unprecedented scale in modern economics.
305.
by bitxbit 8y ago
Disagree. The best high schools and undergraduate programs are all in the US. No contest.
306.
by bitxbit 8y ago
You can go through a simple two-stage exercise. But it comes down to how China can churn out tech and this is exactly why they are not allowing the Big Silicon Valley to do business there (and understandably so). To be honest, the tech bato
307.
by bitxbit 8y ago
This is wrong. China can’t defy gravity and the laws of economics especially in a global economy. It boils down to the fact that Chinese govt continues to abuse the labor without meaningfully increasing their standard of living. This can’t
308.
by bitxbit 8y ago
This is a joke right? You were a flow trader for a dealer. How is that even remotely the same as buyside regardless of size? The tech at bulge doesn't even compare to what some of the sophisticated buysides have in place.
309.
by bitxbit 8y ago
Asian-Americans should be fighting the Chinese natives not the schools because that's where all the spots have been going to for the past decade.
310.
by bitxbit 8y ago
I am sure I am in the minority here but I believe there are way too many people getting PhDs just to get a job. I am not blaming the candidates/graduates because that's what the job market requires these days but there is somethin
311.
by bitxbit 8y ago
I am sorry but that gave me a chuckle. So you code for five hours and socialize for three?
312.
by bitxbit 8y ago
There is a significant difference between repo and divi. Repo takes away from existing float where as dividend is returned PER SHARE. The difference could be more or less "technical" in a flat market but it's significantly mo
313.
by bitxbit 8y ago
Took something as big as Amazon to topple Walmart. It’s going to take something even bigger to topple Amazon in the future. That should scare people. Scale begets scale.
314.
by bitxbit 8y ago
More to do with undergraduates not pursuing MDs. I believe # of applicants actually dipped last year for the first time in a very long time.
315.
by bitxbit 8y ago
I really don't understand what the Chinese gov't expects when they are trying to control damn near everything. I honestly believe they are convinced they've successfully hacked capitalism.
316.
by bitxbit 8y ago
That’s bullshit. We have insanely large US corporations precisely because RoW didn’t innovate. They (US-based tech) simply make better products.
317.
by bitxbit 8y ago
You know “open source” has a very different meaning in China.
318.
by bitxbit 8y ago
My take is he needs to do this in order to keep and attract the talent Tesla needs. Stock was way too volatile while rest of the tech industry has been going hockey stick.
319.
by bitxbit 8y ago
That's an interesting take but I don't think it's Musk vs the Sauds. Musk realized he can't attract and retain tech talent with the shares in such a volatile state. I believe that's the underlying motivation here.
320.
by bitxbit 8y ago
I believe zirp results in higher secondary (and as you pointed out primary) markets. The stock market in the US is shrinking because of the shift in focus toward foreign markets. Namely those with higher returns (and risks) which again is p
321.
by bitxbit 8y ago
What people fail to see with this is that Fidelity (and other large money managers) effectively control supply. You think "oh great zero ratio!" but in reality the cost of having these market concentrations far exceeds a few basis
322.
by bitxbit 9y ago
On the surface, you are right, it appears international students help cross-subsidize domestic students and I would even concede that this is true when you look at the immediate impact ceteris paribus. However, I also think you have to cons
323.
by bitxbit 9y ago
Over 350K Chinese students in the US every year which implies only three years of churn to reach one million. Increasingly more of these students are in K-12 and in public systems. But private institutions benefit from tax dollars and are o
324.
by bitxbit 9y ago
The timing on this documentary is quite off. Though it’s worth mentioning how China has seemingly hustled the West particularly the U.S. on a bigger scale. They have not only usurped the already dwindling middle class but are in the process
325.
by bitxbit 9y ago
this is a big deal that could really sink FB if true.
326.
by bitxbit 9y ago
Perhaps not but there is a big difference between going on TV and taking out an apology ad vs. appearing in sworn-in hearings. Recall this is a part of an ongoing issue that they have been carefully trying to manage for the past few years.
327.
by bitxbit 9y ago
I actually think this is absolutely the wrong move for him if he already came clean. In my estimate, he is being legally advised not to show up to these hearings for reasons unclear to us at the moment. Perhaps there's more to the stor
328.
by bitxbit 9y ago
Good explanations here but it's mostly due to relative valuation and this is magnified by the fact that a lot of these big names are cross-listed among hundreds and thousands of ETFs. I cannot stress enough the impact ETFs and so calle
329.
by bitxbit 9y ago
I don't know if buying call options makes sense at this IV however.
330.
by bitxbit 9y ago
Market has been choppy since February but FB moving down will bring other stocks down with it. Google was down over the same period BECAUSE of Facebook. Facebook is very much a bellwether company like it or not.

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