In the begining you had the alpha monkey imposing his will with a big stick. It is more civilized to get others to do your bidding in exchange...
99.99...% of the people that died last year have eaten carrots.
Deflation is incompatible with printing money for your friends.
Some news are smart money looking for an exit, others are genuine and yet to be priced in. In time it gets easier to sort them out.
Ben euthanized the bond vigilantes first. Then the short sellers. Now it looks like the trend followers turn. I wonder who is next.
When you have a market participant that prints out of thin air the money it uses to trade, what does it mean exactly when they have a trading...
Michael, say I am a believer and would like to follow in Dunn's footsteps. Looking at his track record published on your website, I need to find...
When I got out of school I thought the universe is a friendly place. Now I understand the advice about getting a dog.
How did you come up with 2500? Fed balance sheet SP500 800B 666 3T 2500
Thanks for the reply Smoker. No doubt the requirement to handle size makes alpha harvesting significantly more difficult.
Smoker, what performance metrics are expected of you, assuming you are uncorrelated with other managers. (stuff like MAR, sharpe, return,...
The beatings will continue until morale improves.
Some good advice here. Taking a job in the industry will open her eyes as to what she is up against. To win at the speculation game you need...
I would not call this slippage. Simply a better model, long term persistence enhanced with short term mean reversion. For me slippage is the...
I do not know another simple topic wrapped in more sophistication and obfuscation than money. The vast majority of humans take the blue pill....
I agree that on an IB prop desk, due to virtually zero trading costs, cheap financing, access to order flow etc. one can implement "public"...
I was referring to original research as valuable, something that is not yet "public" knowledge. The weak negotiating position comes from the...
I think quant trading IP is valuable. Otherwise why is it impossible to find out what RenTech is doing, or why were the turtles bound to silence...
Creating money/credit via fractional reserves plus control or advanced knowledge of the easing/tightening cycle of such reserves is as close as...
Nowadays 20% just allows you to keep what you have. After taxes what you are left with barely covers inflation.
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