darawk

104 ms·

931.
by darawk 7y ago
What's particularly impressive about this situation is that all the institutions on all sides got it wrong. Trump and his administration downplayed it, and Vox, Wapo, NYT et al downplayed it. You would think these two would act as a
932.
by darawk 7y ago
Sure, but you can only solve these problems so well. They are of finite complexity.
933.
by darawk 7y ago
That is exactly right, but as Medallion takes advantage of them, they become efficient with respect to Medallion's trading strategies.
934.
by darawk 7y ago
> These the so called "too big to fail" types of companies > which borderline monopolize market sectors like Amazon and Walmart. It's somewhat interesting that when coming up with a list of two 'monopolist' co
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by darawk 7y ago
I think the way to think about it is that this "make people click on ads" problem needs to be solved. Just like this "value assets efficiently" problem needs to be solved. And if you can contribute to solving either prob
936.
by darawk 7y ago
I would say yes, they do make a positive difference for society, but in a fairly abstract way. Efficient capital markets are an extremely important part of a market economy. They allocate capital where it will do the most good. Firms like R
937.
by darawk 7y ago
Renaissance does take outside capital, but their primary business is Medallion. The outside capital is just a way to make a bit more by trading on their reputation. Two Sigma does generate a bit more revenue from outside capital than Renais
938.
by darawk 7y ago
It's a prop trading firm. It's pretty important to distinguish between hedge funds that take public money (which are generally probably low quality, as the OP described) and prop trading firms that only or primarily trade their ow
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by darawk 7y ago
While that's true, very few successful products are Hitler puns.
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by darawk 7y ago
It's not that the deepest motivation is the profit one. It's that it's the best at bringing together large scale consistent cooperative teams. When you have a profit motive, you don't need to convince every single necess
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by darawk 7y ago
I agree that western governments seem to believe this, but I don't believe it's true. All you have to do is start enforcing the order, and people will start to get the message.
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by darawk 7y ago
Should we change the link to point directly to ToB's blog post? https://blog.trailofbits.com/2020/03/13/our-full-report-on-t... It seems a lot more information rich.
943.
by darawk 7y ago
We should and we reworked our processes to try to prevent it in the future.
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by darawk 7y ago
Totally agree. There's places everyone can improve upon with regard to things like this, but wet markets are an obvious starting place, I think.
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by darawk 7y ago
It's true that these viruses have arisen in other places. But it is not true that there is nothing special about China. Chinese wet markets are uniquely susceptible to the generation of these sorts of pathogens, for reasons that are ex
946.
by darawk 7y ago
It's important not to demonize Chinese people here. However, it's at the very least equally important to ensure that their agricultural practices stop producing these pandemic viruses. This is not the first one. Not even close. Th
947.
by darawk 7y ago
> As a cheap, safe bet it’s not unreasonable to start having a g&t each day along with a zinc pill. Make that a zinc lozenge , though. Zinc works by coating the esophagus, and killing the virus on contact there. Zinc pills that you
948.
by darawk 7y ago
I will make a bet with you for whatever amount of money that you want that every single prediction you just made is false. On a per capita basis, the US will have a better time than Italy. The US will lose nowhere near 5% of its populatio
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by darawk 7y ago
That's true, and it has dealt with it, is the point.
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by darawk 7y ago
Because he's been managing large scale responses to infectious diseases via his foundation for a decade or so now.
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by darawk 7y ago
Purely as an asset Bitcoin is probably a good hedge against inflation of the dollar. If you expect high inflation, owning Bitcoin is probably a reasonable way to protect against that.
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by darawk 7y ago
It depends on the nature of the crisis. In a monetary crisis, yes, probably. But this is a bit different than that.
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by darawk 7y ago
Everyone who purchases a Tesla understands the limitations of its autopilot system at this point. So no, that is definitely not a big part of what is driving their success.
954.
by darawk 7y ago
> The game ends by agreement of the players. If they don't agree on the result ("those stones are alive!") they must keep playing. Chinese rules are much better at this than Japanese ones especially (IMHO) the old ones wit
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by darawk 7y ago
They do not assume bad faith. They define 'liberty and nondiscrimination' in a particular way that the other person, Eric Schulz, objectively opposes. Schulz would probably disagree about the definitions of those terms that ESR is
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by darawk 7y ago
> It seems like AlphaGoZero was able to do just end-to-end ML because it was able to use a very clear and "objective" standard, whether a program wins or loses at the game of Go. Just a fun note: winning or losing at the game o
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by darawk 7y ago
Not really. The only cost to your transaction is the bid-ask spread, which is extremely tight in liquid US equities.
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by darawk 7y ago
I believe it's true for the other direction as well, it's just pretty rare to see a 7% upward move in a single day. I mean, it's rare to see it on the downside too, but not as rare. Limit up/down rules are not discretion
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by darawk 7y ago
I agree that you are correct in principle . However, its pretty overwhelmingly clear that the denominator is not 2x the figure I cited. There has been no 2x reduction in homelessness since this spending started. The problem has only gotten
960.
by darawk 7y ago
Except that in the US, the problem is not a lack of funding. In California, one of the places in the US with the worst homeless problem, there are about 150,000 homeless people[1]. Over the last two years california has spent $2.7 billion d

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