Very interesting folks..... automation is a valuable service these days... I’m developing a view now around how automation maybe will help trading... for example if I can develop an automatic formula that identifies which stocks will increase in value (and perhaps even which ones will decrease in value) maybe this is a service that folks would be interested in? I have some ideas in mind for developing this (and I e-mailed Microsoft to see if they would assist in this endeavor) but perhaps this is the “next big thing” curious to here thoughts folk.... thanks, Krent
But what is the purpose of bringing these gang of 50 to the bunker? Heck, why not just rent an island somewhere in the middle of nowhere, for crying out loud (if they were that scared)? We have doctors and nurses who risk their lives by fighting in the front line, then we have these rich schmucks who hide in barracks to save their ass. That's shameful!!
The purpose is to show the investors that business continuity is ensured and even if there are zombies roaming the streets, the fund will continue to perform. In case of banks, these stupid business continuity setups are mandated by the regulators. PS. Now, zombies probably make good investors - they are hungry and totally non-emotional
Yes, you do in fact come across as a zombie at times, and I'm afraid that will not change any time soon.
Well I think it’s a 5 star hotel. But I would argue that citadel securities (this is the market making arm) is an essential business as they provide liquidity in a market that has dried up a lot.
I see a need in really bad times to bail out banks, car companies, plane manuf and so on, but to allow hedge funds to lever up up to wazoo, rake in billions in good times and then run to fed crying for bail out is despicable and wrong on every level. You miscalculated risk, you fail. It should really be this simple. No one will bail out any one here should be make wrong bet and go deep into red.
Do you see anyone getting bailed out? A lot of funds made wrong bets and lost money. Some were able to hold onto these positions while the Fed was fixing liquidity for systemically important participants (banks). Some had to shut down. Bigger funds tend to have lower leverage simply because they don’t have the ability to deploy all capital and it came in handy in thei shitstorm