rbavocadotree

7 ms·

1.
by rbavocadotree 7y ago
No, lots of economists don't. Especially considering how important of a problem it is. It's a "hot topic" because of public opinion at the moment. We have not been attacking it in new and creative ways for decades.
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by rbavocadotree 7y ago
The fact that the field thinks it is a solved problem is a marvelous example of what the essay is talking about!
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by rbavocadotree 7y ago
Two areas where I have a little experience: Economics: There are surprisingly little people studying very large, grand, topics such an inequality. You've probably heard of the handful of economists that do. It's unfashionable due
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by rbavocadotree 7y ago
Plus it's not like they are just handed out and you're on your own. A nice man or woman in a suit will spend many hours sitting beside you teaching you everything you want to know. And anytime you are confused you press the help k
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by rbavocadotree 7y ago
Once you have a few terminals at your firm, Bloomberg will provide a dedicated router + tunnel on top off the regular security. The bad actor would likely need to be internal to Bloomberg, and at that point there is nothing you can do.
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by rbavocadotree 7y ago
That's actually what is happening a lot of the time. The humans are just monitoring and stepping in when needed or when they get bored.
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by rbavocadotree 7y ago
A trader has an idea about what inflation will look like in 2025-2030 (The 5 Year period starting 5 years from now). Lots of other people have ideas about the same thing, so there is a product you can buy or sell to bet on it. She asks her
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by rbavocadotree 7y ago
From the 1975 US National Academy of Sciences/National Research Council Report ...we do not have a good quantitative understanding of our climate machine and what determines its course. Without the fundamental understanding, it does no
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by rbavocadotree 7y ago
Despite not having children, I like hearing about my coworker's and friend's kids. Complaining about them can get old, but funny stories and things they are proud of are great to hear. I don't think I'm unique in this.
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by rbavocadotree 7y ago
AQR published a paper on share buybacks last year [0] with the opening sentence "People seem to forget some of the very basic lessons of financial economics when it comes to share repurchases". One of the big things missed by all
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by rbavocadotree 7y ago
Huh? Why would you expect any of that in this letter?
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by rbavocadotree 7y ago
It's funny reading all the debate about different wordings because it totally misses the point. The wording doesn't matter, only the delivery does. The recipients's interpretation of the question depends on who is saying it a
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by rbavocadotree 7y ago
Maybe you forget how many hours are in a day? After 40h a week at starbucks you can't consult, teach, sit on multiple boards, and program everyday. Also, I've worked as a barista. My high paying tech job is waaaay easier.
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by rbavocadotree 7y ago
I learned most of this in school. Did everyone else not? My partner is a grade 2 teacher, and she covers a lot of this. Everything in learning skills, individual skills, social skills, and most of our world. You probably just don't rec
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by rbavocadotree 7y ago
Toronto is a larger city than Chicago, and has more construction. We hold international conferences.
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by rbavocadotree 7y ago
65 of the fortune 100 companies use slack.
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by rbavocadotree 7y ago
This is a great start. You should spend an hour a week having a conversation about your shared future, whatever that may mean to you.
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by rbavocadotree 7y ago
Nonsense. Eat 4000 calories a day, every day, and lift heavy weights. You will quickly gain lots of weight.
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by rbavocadotree 7y ago
Here's a disappointingly simple and well known one: Momentum. It produces real, statistically significantly, excess risk-adjusted returns over an index. The remarkable thing is that it has been well known for decades, and continues to
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by rbavocadotree 7y ago
As someone who works for a quantitative hedge fund, you wouldn't believe how many similar results I see of researchers showing a statistically significant predictor of stock market returns. Almost every single one of them is garbage. B
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by rbavocadotree 7y ago
From the original source: > Stock market returns are lower on polluted days. I don't want to dismiss the entire article, but I think this points to possibility that there is some bad statistics going on here. I don't see how da
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by rbavocadotree 7y ago
Simons had other investment funds, but they were mainly focused on early stage, private tech companies. He did have about 10 years worth of poor-to-decent results running other hedge funds before he found real success with RenTech. So it&#x
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by rbavocadotree 7y ago
It's an interesting idea, but in this case Fund B only came into existence after 15+ years of market beating performance by fund A. A funny thing from the recent book: One of Rentech's earlier employees spent his first few months
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by rbavocadotree 7y ago
I'm pretty suspicious of the idea that most companies have data that is too big for a non-distributed environment. I do think that most companies log lots of data in different places without much thought or structure, and as a result n
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by rbavocadotree 7y ago
15% of the average US take home salary is about 7.5k. Can you live on that for a year? How about support a family? You have truly lost touch with average people if you think your situation is even close to normal.
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by rbavocadotree 7y ago
What you've described is a very quick way to lose your broker dealers license, and get in massive shit from multiple federal agencies, not a safe way to get rich. > CLEARLY, Robinhood knows about the infinite leverage bug This is th
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by rbavocadotree 7y ago
If Dostoevsky is not difficult to read, then there exist only a handful of authors who are. Maybe it isn't difficult to find enjoyment in his works, but there is a hell of a lot more going on than just depressive psychological drama.
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by rbavocadotree 7y ago
Renaissance is a notoriously secretive company. Regarding the senate hearings, they were in 2014. Only the banks involved have paid any sort of penalty. In 2016 Simons and Robert Mercer each donated over 25 million to the Democrats and Repu
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by rbavocadotree 7y ago
> nature or nurture This has been studied now, and the data points strongly towards nature. Country's with a higher level of gender equality have more gender disparity in fields such as STEM, not less. The country's that have d
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by rbavocadotree 7y ago
There's more to the story though. In my partner's school district it takes an average of 7 years of supply teaching before you land a full time position. You are making about half as much and get little benefits during that time.

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