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151.
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by
paperwork
15y ago
Here is another fantastic one, shot with an iphone 4s: http://vimeo.com/30578363 . This video's production is even better than the one linked by OP. That is the thing to remember, isn't it, these videos are produced by people who know how
152.
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paperwork
15y ago
So why would an international company have separate product lines like you mention? It is hard to believe that international businessmen would forgo the opportunity to profit abroad, simply because something is made for the local market. Co
153.
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paperwork
15y ago
General bonuses don't get payed out until end of the year. The actual disbursement doesn't usually occur until well into the first quarter, although the record books probably reflect the bonuses in the fourth quarter (not sure about this).
154.
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paperwork
15y ago
my nephew, before he could speak full sentences would point to things and say "click." "Click" was his all-encompassing verb. When he wanted cereal, he stood next to the fridge, pointed up to the cereal box and screamed "cliiiiiiiik."
155.
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paperwork
15y ago
Frankly, the best way to learn about the stock market is to buy and sell a few stocks. This is the fastest way to gain the greatest amount of knowledge. If you can't afford it, do it on a 'play' account. Give yourself a budget of x dollars
156.
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paperwork
15y ago
It was an interesting experience, but several things could have been done better: 1. Introduce the people. Before PG came to the stage, some very energetic guy gave the introduction. ...wait, that guy started what? REDDIT??? I just found o
157.
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paperwork
15y ago
As far as I know, market makers still have this obligation. I believe Taleb has argued that HFT liquidity disappears when it is most needed, like seat-belts which work all the time, except during accidents (his metaphor may have been differ
158.
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paperwork
15y ago
Thanks for the pointer! As soon as I have some time, I'll dig into this more.
159.
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paperwork
15y ago
btw, the work is not always less interesting. Think of it this way, this industry has ambitious people from pure science PhDs, mathematicians, statisticians, programmers, MBAs, idiot nephews of rich uncles...everyone is competing. If you ar
160.
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paperwork
15y ago
I always find it interesting how much vitriol there is against automated trading, even among programmers. Too many people seem to believe that a small number of, ultra resourceful, nefarious folks are using unfair means to "game the system.
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paperwork
15y ago
Stephen Few has pretty good books on the topic: http://www.perceptualedge.com/ He is very good at explaining Tufte's work. The best part of his books and website are comparisons between a typical charts or dashboards and his re-designs. F
162.
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paperwork
15y ago
The stock market has never provided capital for companies. Companies generally sell their stock to investment banks (stock offerings, initial or subsequent). Those initial share owners turn around and sell in the secondary market -- what we
163.
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paperwork
15y ago
To paraphrase professor Krishnamurthi [ http://www.cs.brown.edu/~sk/ ] "Just semantics. That’s all there is!" HFTers don't have to justify their existence at all. They exist because they are able to profit and their existence is not against
164.
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paperwork
15y ago
I guess I don't understand why 'transitory gaming' is a bad thing in the stock market. I agree that it is immoral for Enron to reduce the supply of electricity, while towns are having brown-outs, just to raise the price. The same is true of
165.
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paperwork
15y ago
>When the average time for HFTs to hold onto a new position is less than 30 seconds, I'd say they're merely claiming credit for liquidity that was already there This is factually incorrect. A lot of ultra-high frequency trading refers t
166.
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paperwork
15y ago
>A position should be a position and not a matter of beating the other guy to a momentary, transitory state You are arguing to shut down the whole stock market then. Even value investors like Buffet are in the business of beating the o
167.
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paperwork
15y ago
Why are you opposed to checked exceptions? Frankly this is one complaint about java I have never understood. I, myself, have missed checked exceptions in C# when I have had to port Java code to C#.
168.
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paperwork
15y ago
I think C# disproves this fairly well. C# has lambda functions, monads, type inference (either now or next version). People like Eric Meijer have moved from pure research to product groups.
169.
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paperwork
15y ago
I completely agree. A few years ago a large bank banned spread sheet based quant models from their desk. There are certainly draw-backs, I wouldn't want to give my programming languages for spread-sheets, as they exist now. However, I think
170.
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paperwork
15y ago
I believe excel only updates once a second (or whatever the refresh rate is, I remember it being too slow for high frequency trading).
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paperwork
15y ago
Explicit graphical flow-based systems have their own issues. If the logic is simple, the systems are manageable. However, complex logic very quickly leads to a very complex graph with huge number of lines criss-crossing each other, until th
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paperwork
15y ago
Let me switch sides for a moment and defend some of what happens here. In certain instances, Excel is a very good tool. In fact, if Excel's performance could be improved, it would become the best tool for some scenarios. For example, you ne
173.
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paperwork
15y ago
I forgot about Excel. I think people outside of wall street will be surprised at this. I, myself, used a visual basic app to do some trading (not visual basic.net, VB!) as recently as a couple of years ago :). Even in the linux world, PERL
174.
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paperwork
15y ago
Frankly, I'm often surprised that how much of wall street is still windows based. A year or two ago I spoke to a co-location vendor who told me that most of their customers run their automated trading strategies on windows machines. A frien
175.
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paperwork
15y ago
Several people have advised against QuickBooks. What has been your experience? Did you try any of other apps?
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paperwork
15y ago
I think part of the problem is that I need to change my accountant. I have heard horror stories about trying to move records from one accountant to another. Does any one have any advice regarding switching accountants? What should I look fo
177.
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Ask YC: How do you deal with accounting/taxes/book keeping?
24 points
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paperwork
15y ago
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