mruts

25 ms·

241.
by mruts 7y ago
I guess this isn’t related, but am I the only one who feels like Google search results are going down hill. Maybe 5 years ago I could find a lot of information from small and big sites. Nowadays, it feels like half the Google is just litera
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by mruts 7y ago
Sorry yeah autocorrect
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by mruts 7y ago
I love the OpenBSD philosophy of simplicity and correctness. Plus the devs are one of the few people who actually treat incomplete or incorrect documentation as a bug. The OS is one of the easiest to set up, use, and modify. I ran OpenBSD f
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by mruts 7y ago
Here’s my long list on why Python is terrible: 1) No pattern matching. In 2019, this is just unacceptable. Pattern matching is so fundamental to good FP style that without it, it becomes almost impossible to write good and clean code. 2) St
245.
by mruts 7y ago
I find programming in Python dull and a little mind numbing. Sure, maybe Python was an okay choice 20 years ago, but the world has left it behind at this point. It’s lack of functional programming constructs, very few data structures in the
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by mruts 7y ago
Have you run it on the competition dataset? What’s the size of the executable + compressed data?
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by mruts 7y ago
In our fractional reserve system, money is made through loans themselves, not deposits. Moreover, being a bank is about arbitrage. Traditionally, banks arbitrage between short term loans (the federal funds rate and the overnight rates) and
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by mruts 7y ago
What exactly does that have to do with machine learning and neural networks?
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by mruts 7y ago
Here's a instagram post from the founder: https://scontent.cdninstagram.com/vp/1ba57134a58455de0595824... Also look at his papers. He likes to draw a lot instead of doing math.
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by mruts 7y ago
I mean SPY has returned like 3% YTD. But that’s not really the point. M&A has zero to very low Beta exposure, so it’s almost completely uncorrelated to the market. This, in general, is a good thing. A lot of quant market neutral hedge f
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by mruts 7y ago
The Democrats usually complain that the money should be used to increase salaries or whatever. Which is fine, I guess. But it’s not about a tax dodge (or at least that’s not the main point).
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by mruts 7y ago
Well consider the clipper ship example. There was huge inflation in gold prices during the gold rush on the West coast. When the gold reached the East coast financial markets, the price of gold goes up there as well. So the key to making mo
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by mruts 7y ago
The company can only create new shares if it has unissued capital. Granted this is kind of a arbitrary legal restriction, so it doesn’t really matter. But the real issue is that shareholders will be informed when new shares are issued and n
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by mruts 7y ago
It’s like a dividend but better. It’s tax efficient and now the company has more shares it can deploy if it needs to raise capital in the future. Moreover, it sends a signal to the market that the company believes it’s stock price will cont
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by mruts 7y ago
Absolutely spot on. Banks love inflation because it allows them to arbitrage between the CPI and the rest of the economy. Also the higher inflation, the more valuable a bank's services become.
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by mruts 7y ago
The market should (and has in the past) figured this out. Energy costs money, tenants want to spend less money. Tenants will pay more money up front to save themselves money down the line. Therefore landlords should have an incentive to bui
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by mruts 7y ago
Okay, how about you give me $1000 and I'll pay you back when I die. I'm good for it, I promise. If so, I'll give you my bitcoin address. The time value of money is so fundamental, and so obvious, that you must be being delibe
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by mruts 7y ago
> Interest helps a small portion of people, while harming the majority. Would you rather that no one could get access loans? If you truly believe that position, it would very much undermines the autonomy and choice of the people without
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by mruts 7y ago
It’s more complicated than that: https://www.ncbi.nlm.nih.gov/pmc/articles/PMC2861987/
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by mruts 7y ago
I agree, but I think securitizable carbon credits make a lot more sense than a straight up tax. Also it’s not just that can’t guilt people into changing behavior, I don’t think we should. Humanity moves forward by solving our problems not t
261.
by mruts 7y ago
Liquidity and debt help societies and people. It’s just important that you pay off the card before the 18% rates kick in. But there are smart ways of avoiding these rates for a long time. For example you can roll over your debt into new car
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by mruts 7y ago
What you’re saying doesn’t make any sense. I think people just disagree. And by working in a place you get a different perspective than on the outside. For example, I often downvote uninformed and highly opinionated financial comments becau
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by mruts 7y ago
Wealthy people actually get less sleep than the poor for obvious reasons: their time is more valuable. They also work more hours and have less “free” time for the same reason.
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by mruts 7y ago
You can use futures, which have access to underlying OS threads. They don’t share a memory space though. There’s also an Actor library called Goblins which is nice, but I’m not sure if can use multiple cores.
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by mruts 7y ago
You can't get better than Matt Levine. He probably has the best blog/newsletter on the internet, finance related or not.
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by mruts 7y ago
The difference between targeted ads and untargeted is like the difference between alpha and beta, or index funds and hedge funds. It’s not that a hedge fund doesn’t have better risk adjusted returns than an index (they usually do), it’s tha
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by mruts 7y ago
This reminds me of a macro language in CL that attempted to be a Turing complete replacement for the C pre-processor. It worked really well actually, but this project seems to be similar but better.
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by mruts 7y ago
My domain name was mentioned in a bunch of publications associated with a very famous national treason case. I’ve tried to get them to edit the articles to remove it as there’s no real journalistic value in it and just hurts me. Sucks to ha
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by mruts 7y ago
If you put 200,000 per year at a 10% discount rate (interest rate) in the bank, the fair value after 30 years is 1.8m. In other words, a rational person should take 1.8m now vs 200,000 a year for 30 years (at 10%). And this 10% is very very
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by mruts 7y ago
Finance, fundamentally, is about managing risk and allocating money from the people who have it to the people that don't. Without finance and without banks, almost nothing we have today would even exist. There are people with ideas, an

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