hogFeast

60 ms·

481.
by hogFeast 6y ago
I have no idea what some of the replies are about here. Lots of pure arbs don't close because they are driven by regulation or liquidity. The most well-known example is long bonds in the UK in the late 90s but linkers in 2008 were anot
482.
by hogFeast 6y ago
You have demonstrated my argument. I mean all of them. Black-Scholes was used in industry before academia, and is only used in a heavily adjusted form (for example, option MMs have never used it as the only pricing input). MPT isn't us
483.
by hogFeast 6y ago
Their IP address is also the largest downloader of Form 4s.
484.
by hogFeast 6y ago
Virtu is a market-maker. Comparing their win record to RenTech makes no sense. They have a high win-rate but so did brokers in the 70s...Virtu is doing the same thing as them (they are also APs for ETFs...again, the innovation there has rea
485.
by hogFeast 6y ago
"once you learn it"...yes, everything is incredibly practical once you remove all the disadvantages. The point is: some people prefer complexity for complexity's sake, and this doesn't work well in a team environment (wh
486.
by hogFeast 6y ago
I actually found the last part was my main takeaway. Even in the early 1990s, Simons had basically checked out of the fund and was mainly doing venture stuff. He clearly made some good hires pre-1990s (I can't remember but the data guy
487.
by hogFeast 6y ago
I am not sure what that alludes to either. Germans and Italians save huge amounts of their income (typically, higher than the US). You still need to save for a pension in almost every European economy, one isn't given to you (state pen
488.
by hogFeast 6y ago
I don't know about the other countries you have mentioned but German residential real estate has very high levels of institutional investment and the legacy of rent control (famously, Berlin...although that changed a few years ago). So
489.
by hogFeast 6y ago
Neutrality is not a realistic goal. In fact, the idea that neutrality is the goal has just resulted in more shrill commentary as each side claims their position is more neutral (i.e more truthful). Humans aren't neutral. The way we int
490.
by hogFeast 6y ago
Yes, they were. In the UK, there was fairly consistent opposition to fighting the Nazis. Even after France was overrun, there was a fairly large minority in the UK saying that the UK should surrender and ally with Germany (some of these wer
491.
by hogFeast 6y ago
It is the difference between gross and net revenue. It is why bookmakers don't report all the bets they take in as revenue. Banks that trade securities don't recognise the money from securities they sell as revenue. Roughly, you o
492.
by hogFeast 6y ago
You are missing out one relevant point: currency. It is easy to win at exporting if you pay employees in a functionally worthless currency. Germany's trade surplus is 10% of GDP, this is roughly where China was at peak. Germany can win
493.
by hogFeast 6y ago
I have no idea what you mean...Germany is the European version of the US healthcare system. It is very high-cost, the private sector is not small at all, and it isn't only used by the wealthy. Again, German doctors are kind of notoriou
494.
by hogFeast 6y ago
No, the influence was actually the reverse. Very briefly: railroads, oil/telecom companies, car/retail companies then WW2 then govt begins to try and pull management from companies into the military. This is the military-industria
495.
by hogFeast 6y ago
Yep, that is correct...although something of an inevitably given the different historical paths (and isn't true of all countries within Europe either). But what I would add is that downward mobility is just as important as upward mobil
496.
by hogFeast 6y ago
Health care isn't socialised, it is a mixed-system (almost nowhere has a "socialised" system...even the UK, the most effective systems are mixed like the US system...Germany, in particular, is known for having fly-by-night pr
497.
by hogFeast 6y ago
Nope. American management was created in the late 19th century with railroads. In fact, management didn't exist before the US invented it. Most large companies in the UK were run by people who had no interest in management. They bought
498.
by hogFeast 6y ago
Ironically, based on the original comment, the issue is that East Asian countries (like Germany, which was the archetype industrialisation model for East Asia) are largely run economically for the benefit of large corporations. So developer
499.
by hogFeast 6y ago
BVI has already passed the legislation to set up a beneficial ownership database. The battle for this ended about four years ago (there will be hold outs like Mauritius, and Nauru but they are now very small in number...beneficial ownership
500.
by hogFeast 6y ago
I worked at a job where I was paid an annual salary and they made me make up hours when I had to take a relative to the hospital (I also lost that job for, I suspect, this reason in part...I have learned that sick parents and sick children
501.
by hogFeast 6y ago
I was ghosted by a company which filled their careers page with stuff about how great they were as recruiters, how they championed diversity, how they looked at every person as an individual and, of course, how great it was of them to keep
502.
by hogFeast 6y ago
> If case studies were so effective, if you be possible to find companies that meet all the criteria, buy their stock cheap, and get rich. This is what investing is. Also, when they did this no-one had apps or delivery. The pizza market
503.
by hogFeast 6y ago
Spotify. Discover Weekly is very good, particularly considering they have only one chance to recommend with 30-40 songs, and quite a large universe to match on. Not a streaming service but Google's Discover news is also very good (prob
504.
by hogFeast 6y ago
Again, that works if you assume that you won't fail at any point and/or react poorly to failure. But you will fail at some point, and very few people are determined enough to continue. Investing yourself creates risk. It is far mo
505.
by hogFeast 6y ago
It isn't. And how often have you lost weight eating junk food yourself? I have done it...no effect. Satiety doesn't matter...thinking that it does is why people don't lose weight. You will be hungry, it will be unpleasant, bu
506.
by hogFeast 6y ago
Yes, the social factor is...obese people eat more and exercise less. If you are assuming that every other developed country has this problem, they do not. In those countries, people eat less and/or exercise more.
507.
by hogFeast 6y ago
That doesn't work. Doing that basically encourages people to lie to you, and poisons the relationship. Everyone trying to lose weight will cheat, and it is often the response to that cheating that determines your ability to continue. B
508.
by hogFeast 6y ago
Yes, according to the article that kind of science (i.e. the basic logic of energy usage) was invented by Coca-Cola. This is what happens when you combine weak knowledge of science with a credulous mind (you think everything is a conspiracy
509.
by hogFeast 6y ago
I live in a huge AirBnb market relative to city size (for scale, the city is 400k people, and we have had more peak listings than the capital which is a huge tourist city itself of 15m people)...it has destroyed the community here. Totally.
510.
by hogFeast 6y ago
I am in the UK and Heinz puts a ton of sugar in the national staple: baked beans. I incline against blaming companies but additives is definitely an exception because those ingredients often aren't evident to consumers. We know soda ha

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