jim_greco

14 ms·

61.
by jim_greco 12y ago
That's a very simple way to look at human interactions and it doesn't give you a licensce to go around saying whatever you want.
62.
by jim_greco 12y ago
1) It's an offensive tweet. Whether you intend something to be offensive or not doesn't make it any less offensive. 2) It's very easy to pass off casual racism as a joke or a misunderstanding of the medium after it blows up
63.
Why You Should Care About the Health of the US Treasury Market(medium.com)
5 points by jim_greco 12y ago|2 comments
64.
by jim_greco 12y ago
Banks are a collection of loosely related business that are only tied together by their participation in the capital markets. The equities derivatives desk has little to do with the mortgage desk which has little to do with the health care
65.
by jim_greco 12y ago
I'll second that vote. Very cool stuff guys.
66.
by jim_greco 12y ago
There's too many other 'good enough' options out there. Time is a precious commodity and you'll never get anyone to make investment in your product if it's not so much better than anything else out there.
67.
Make Your Startup Great at One Thing(medium.com)
131 points by jim_greco 12y ago|50 comments
68.
The Difficulty of Scaling Your Business to the Opportunity in HFT(medium.com)
7 points by jim_greco 12y ago|0 comments
69.
by jim_greco 12y ago
An exchange's shadiness can only affect other exchanges in proportion to its market share. If there was price manipulation on Mt. Gox and it spilled over to all other exchanges then that was because Mt. Gox was the dominant platform f
70.
On Hacker News driving traffic for niche topics(medium.com)
3 points by jim_greco 12y ago|0 comments
71.
by jim_greco 12y ago
The problem with ideas like is that the amount of tax raised is small compared to what is collected in income taxes. It's a fantasy to think we can replace an income tax of up to 60% of income with an indirect consumption tax. An Ex&#
72.
by jim_greco 12y ago
Definitely not among banks. The FI tech is stuck in the stone age.
73.
by jim_greco 12y ago
I think that's fair. It would mean much less liquidity available though as your risk taking capability was reduced. Would traders actually be willing to accept the much thinner books if some kind of economic or regulatory enforcement
74.
by jim_greco 12y ago
Lack of regulation. You can go to jail for advertising equities, futures, bonds, etc. like these bucket shops do.
75.
by jim_greco 12y ago
I hope I didn't give the impression that banks are the victims here. The situation most fixed income departnents are in is entirely their own fault because they haven't invested in their people or technology. Heck, most don't
76.
by jim_greco 12y ago
The biggest obstacle to this is that the Exchange's primary customers are the electronic trading firms. A firm like NASDAQ makes the majority of its revenue from co-location services and high-speed market data lines. It's difficu
77.
by jim_greco 12y ago
It's rather comical how few fixed income traders at banks actually understand how the underlying markets work and interact with each other.
78.
Flash Boys in the US Treasury Market(medium.com)
20 points by jim_greco 12y ago|17 comments
79.
by jim_greco 12y ago
There's few if any private offices in trading. Even those who have them don't use them except for meetings. As an introvert I can understand the need for quiet time, but part of what makes work 'fun' (and frankly tolera
80.
by jim_greco 12y ago
No I wouldn't buy it because your analogy doesn't make any sense. There was no private investment in the 'internets' to crowd out when it was being built. There are plenty of options for an ISPs like Comcast.
81.
by jim_greco 12y ago
> As a libertarian / ancap who believes taxation is theft, I don't support anything involving spending tax dollars, no matter how noble the end. It's a good thing most of us don't feel that way and you're able to
82.
by jim_greco 12y ago
The IRS has never thought of that one.
83.
by jim_greco 12y ago
You really can't lever up equities all that much. Mom & pop can margin up to 50%. Even professional investors are quite constrained in how much leverage they can apply for outright bets.
84.
by jim_greco 12y ago
I wish the internet was usable without it.
85.
by jim_greco 12y ago
The biggest thing that Facebook gets right is having respect & trust in their employees regardless of their position or prior experience. They're willing to let their employees own an idea and fail if necessary. Traditional top-d
86.
by jim_greco 12y ago
It always amazes me the way in which people make up an entire complicated chain of events in their mind to fit their world view. He boils Facebook down to a one note company that could never respond to changes in the market. Fed stops QE =
87.
by jim_greco 12y ago
I could defend the merits of algorithmic trading - having computers instead of humans price liquid securities has reduced spreads and the competition has brought down transaction costs overall. This all results in less and less of a chunk
88.
by jim_greco 12y ago
Anonymous message boards truly are an ugly place. One very accomplished woman speaks out about her mostly positive but colored with some negative experiences in the tech world and the top comment is an anti-affirmative action rant (bears an
89.
by jim_greco 12y ago
Paris is the most visited city in the world so you can get along easily with only knowing English. And if you know a bit of any romance languages then you can usually pick out enough written words to understand the gist of a menu (if one i
90.
by jim_greco 12y ago
This seems like a really good option if you want to pretend to be building a startup: Come up with disruptive startup ideas while sitting on the beach, throwing house parties like in The Social Network, and drinking a beer with other people

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