droshelovich

5 ms·

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Soros, Buffett and Role of Robotic Logic of Investing Riches(bloombergquint.com)
2 points by droshelovich 10y ago|0 comments
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by droshelovich 10y ago
Bullseye.
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by droshelovich 10y ago
In this case, "Non-GAAP" means an earnings/revenue figure that the company produced itself. Companies usually claim this reflects economic reality but keep in mind they are free to cook up whatever numbers they want. GAAP wou
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by droshelovich 10y ago
To complicate matters further there is US GAAP, UK GAAP, German GAAP, etc. The tl;dr of the earlier comment is that accounting reports don't usually reflect economic realities of large corporations. There are several companies/met
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by droshelovich 10y ago
GAAP is basically a huge bundle of compromises between corporations and the FASB. In reality, "revenue" and "income" don't really have rigourous definitions. Quarterly figures are also often adjusted in subsequent p
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by droshelovich 10y ago
As far as I know, they only have to disclose to the SEC how much money they have invested in equities. Since they don't publicly state total assets under management, we can't really know how much money Renaissance manages. They co
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by droshelovich 10y ago
Unfortunately it's not even a "Computer Science" department, they call it "Computer Information Systems". I never even took a CIS class, I'm technically a finance major. Pretty much taught myself how to program
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by droshelovich 10y ago
Nice to see Baruch mentioned on HN. I actually go to Baruch College and don't know much about him besides what's on the Wikipedia page. There's a statue of him sitting on a bench near the entrance and I can't help but wo