mmodahl

4 ms·

1.
by mmodahl 10y ago
The book picks up in the middle of the story after the first step in electronic trading has started, but before all participants are on a level playing field. Human market makers at those exchanges are entering their quotes(by hand even).
2.
by mmodahl 10y ago
The technology put a lot of people out of work and at the same time eliminated a loophole that wealthy people had to take advantage of the markets. That is a recipe for vilification. Think of the wrath of the unemployed truck and taxi drive
3.
by mmodahl 10y ago
Nerds making money and people gunna hate.
4.
by mmodahl 11y ago
Yes. You would be purchasing both stock and the option from "the market." As much as I like to joke about retiring to some farmers market to handcraft artisanal equity options, when people are talking about options on stocks (equ
5.
by mmodahl 11y ago
Nothing you said is untrue; you just made it feel like math is some magic pot of gold. Nearly every time, the cost of the stock plus the cost of the put option will be exactly the same as the values of all expected outcomes.
6.
by mmodahl 11y ago
Because it is not a simple or fair solution to the problem; it is a sophomoric attempt at solving a human problem that simultaneously guts the actual mechanics of exchanges. You want to make market-making unprofitable and to turn the stock
7.
by mmodahl 12y ago
Unemployed cab drivers are the only ones arguing self-driving cars are bad.
8.
by mmodahl 12y ago
So the moral amount of consumption is the amount you do and no more.
9.
by mmodahl 12y ago
This is a really toxic view of consumption. What level of consumption is moral to you? Can I buy a pack of chewing gum if I earn $100k? What if buying a $100k watch is a smaller percentage of my income than that pack of chewing gum?
10.
by mmodahl 12y ago
> In other words, you want to address diversity by stamping out any ideas that are contrary to the modern politically correct BS that most people here are dulled into believing. My natural reaction to this comment is Plonk . But I reali
11.
by mmodahl 13y ago
It is the easy scalping he mentioned. A market maker can only stay in business if they sell as much as they buy and if the average sale price is above their average buy price. They lose money if they provide liquidity in the way of market
12.
by mmodahl 13y ago
Car insurance is a derivative.
13.
by mmodahl 14y ago
IPO opening auctions are scheduled for the middle of the day. The regular market open auction is a very busy time and if they happened at the same time, everyone would be choosing between handling their normal business or the excitement of
14.
by mmodahl 14y ago
There are a few addons that are available. I've used Roksbox successfully for a year or so.
15.
by mmodahl 14y ago
Roku + Amazon for rentals + Hulu Plus for TV edit: and then I realize you are British so you swap the BBC Player for Hulu Plus and you are done.
16.
by mmodahl 14y ago
Long and Medium term investors should be investing broadly across the entire market. Just a decade ago you needed to buy into a mutual fund and pay sales loads and expense ratios over 1%. Now, you can own an ETF containing a piece of each o
17.
by mmodahl 14y ago
Some people call these sorts of charts crop circles. And, like the patterns stomped in wheat and corn fields, some people take one look at them and decide the end is nigh.
18.
by mmodahl 15y ago
"One day a man invents a telescope .... He provides no net-wealth to society as a whole" Financial incentive drives creation. Programable gate arrays that can keep a limit order book drive sales of the cards. If more cards are sold, they
19.
by mmodahl 15y ago
So you'd rather he not invent the telescope? Because inventing the telescope "provides no net-wealth to society?"
20.
Idea: HotOrNot for Media Bias
1 points by mmodahl 16y ago|0 comments
21.
by mmodahl 16y ago
"Fortunately, literacy, though it consumes its own oral antecedants and, unless it is carefully monitored, even destroys their memory, is also infinitely adaptable. It can restore their memory, too." Ong, Walter J.. Orality and Literacy.