vostok

41 ms·

361.
by vostok 9y ago
> Market authorities should disallow sub-centisecond trades, and allocate the trades that fall on the same centisecond at random. This is similar to, but strictly worse than pro-rata allocation as used in quite a few products in the US.
362.
by vostok 9y ago
You can find a new job if your noncompete is terminated. The problem is that you might have a 12 month non-compete so you might book a 3 month vacation at the beginning because nobody will hire you 12 months in advance. You're just lef
363.
by vostok 9y ago
It's not excellent because they stop paying you if they terminate the noncompete, but you also can't look for a new job until the very end of your noncompete period.
364.
by vostok 9y ago
The really annoying thing about noncompetes is that they're usually at the discretion of the employer. You might be in a situation where you have a 12 month noncompete and nobody wants to hire you 12 months in advance, but then your fo
365.
by vostok 9y ago
I would guess that the median is around $300k if you consider only PM-track roles at top firms. It depends on the firm, but the typical breakdown will be somewhere between $100k salary plus $200k bonus and $150k salary plus $150k bonus. If
366.
by vostok 9y ago
That starting range is approximately correct, but the median is not $700k after 5 years.
367.
by vostok 9y ago
I'm in the tech heavy and completely unscalable space. It fits my personality a lot better, but that's why we're not a hedge fund.
368.
by vostok 9y ago
> The problem is that when they fail, their clients lose money, and they don't (yes, there are some career risks, but they are minor). You can lose your deferred compensation, which is very common at both hedge funds and banks once
369.
by vostok 9y ago
I feel comfortable denying the claims in this article.
370.
by vostok 9y ago
This is the same in my language where one might say "quarter of the ninth". The idea is that [00:00,01:00) is the first hour so [08:00,09:00) is the ninth hour.
371.
by vostok 9y ago
I'm not sure I understand the argument. The publicly traded top trading firms are much smaller than the banks. They're in the $1-2 billion range. Of course you need money to compete. You need money to compete with Facebook too.
372.
by vostok 9y ago
I think you're confused about how HFTs create value. They create value because they're the first ones to make a market in something. They send out limit orders in every product. An investor then sends a marketable order to the exc
373.
by vostok 9y ago
I have a pet theory that anti-HFT sentiment is stoked by banks and other entities that aren't able to compete.
374.
by vostok 9y ago
It is useful if you start thinking about products whose prices depend on the prices of other things. Suppose that I'm a SPY trader. I need to know where a bunch of other things are trading in order to figure out where I should be quoti
375.
by vostok 9y ago
The "hedge" part of "hedge fund" is a misnomer. The defining feature is that they're lightly regulated.
376.
by vostok 9y ago
To be fair,I would pretty pissed off if I invested with Bill Ackman and he followed standard risk mitigation and diversification strategies. The idea is to get concentrated exposure to stuff that's not just equivalent to being long the
377.
by vostok 9y ago
There's a world class non Ivy League university just outside Boston too.
378.
by vostok 9y ago
Glad to hear that. Will it be possible to overload . in the future?
379.
by vostok 10y ago
I don't know how well it works, but Julia does let you use python libraries. @pyimport matplotlib.pyplot as plt x = linspace(0,2*pi,1000); y = sin(3*x + 4*cos(2*x)); plt.plot(x, y, color="red", linewidth=2.0, li
380.
by vostok 10y ago
The same pattern is observed in other countries. In India, a Chinese restaurant will typically serve Indian Chinese cuisine rather than Chinese cuisine as it is eaten in China.
381.
by vostok 10y ago
Well, first of all let's go back to what my argument was. > I think both are massively corrupt, but there seems to be a disproportionate amount of breath wasted on bankers as compared to other salesmen. I'm not sure what you wa
382.
by vostok 10y ago
> Neither databases nor the construction industry are leveraged 10x+. Leverage is not the sole determinant of risk. Wildcatters are far riskier than someone who is 10x leveraged and holds 2 year notes. > Neither provides fundamental u
383.
by vostok 10y ago
How does banking cause more harm to society than, say, construction or databases or cars?
384.
by vostok 10y ago
Bankers are slightly more sophisticated estate agents and they have similar incentives. The basic business model is to do a lot of free work upfront in exchange for a shot at being massively overpaid for relatively simple work. I think the
385.
by vostok 10y ago
I did say "higher paying" rather than "high paying".
386.
by vostok 10y ago
Oh, I have no question as to why others don't live in the city. I was explaining why I do live in the city. For completeness, the elementary school that I went to and that my kids will go to does not have or need metal detectors. I bel
387.
by vostok 10y ago
Why do you think I'm not saving aggressively? I have saved at least a six figure quantity every year since my early 20s, which seems sufficiently aggressive to me. Being able to save is part of being able to afford living here. You&#x2
388.
by vostok 10y ago
Can you elaborate on this? If you bought something from me then I think you paid too much and you think that you paid too little. That's, like, how buying things works. I wouldn't sell it to you if I thought you were paying too li
389.
by vostok 10y ago
I agree that money is worthless in the end. I would rather live here than earn twice as much in a rural or suburban area.
390.
by vostok 10y ago
I make good money. Why would you expect me to live in the middle of nowhere when I can live in the greatest cities of the world?

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