orojackson

6 ms·

31.
by orojackson 8y ago
> I work in HFT, and I'll be contrary and suggest that if you want the most value from your time, focus on learning as much maths and probability as possible. Why not go even further and just not bother with algotrading, dumping mon
32.
by orojackson 8y ago
Those same programmers would be better off just following Munger's advice and putting money into index funds. Doesn't require writing any code; all it takes is a few minutes to place an order. I'm not exactly sure why the gen
33.
by orojackson 8y ago
If that is the case, why not just buy the entire US stock market through something like FZROX, SWTSX, or VTSAX? That feels like a sound investment to me.
34.
by orojackson 8y ago
Or a more tongue-in-cheek answer: if you're starting out, just pour money into ITOT, SCHB, or VTI and call it a day =P In all seriousness, though, it's crazy that we're at a point where these hyperactive algorithms can perfor
35.
by orojackson 8y ago
That's only if you can access private equity. For the average retail investor, it may as well not exist.
36.
by orojackson 8y ago
There are plenty of comments here that advocate for active trading, so Munger's quip still rings true.
37.
by orojackson 8y ago
Totally agree. As this commenter [1] said it succinctly (although in a different context): "Such a family office also has to contend with other giants trying to claim the G.O.A.T. title for asset management companies with incredible sc
38.
by orojackson 8y ago
But there is a shortcut in this particular instance: following Charlie Munger's advice and just buying index funds like VTSAX, SWTSX, or FZROX. A 10-year return of 13.25% for VTSAX is really sweet given the very low effort it takes to