Viewing profile — dev_jim

1) Deals can always fall apart. 2) Shorting isn't free. It will costs money to borrow the stock. You have to borrow it for more than 6 months until the deal closes.

Cringely should stick to commenting on tech as opposed to the validity of raising debt to do share buybacks in a low interest rate environment.

Sorry, you are mixing and matching concepts from reading too many articles on HFT. > the dark pool operators make money from the HFT's not in terms of the commission, but in terms …

I agree. It helped me when I was a bit rusty with data structures and was looking for a new job recently. And if you can try and re-implement the data structures in a different way…

Get a job in trading and you can change the world.

How does Wall St always seem to end up with the blame on these threads? They priced the Facebook IPO too high and they get the blame, they priced the Twitter IPO too low and they g…

Bonus is part of an overall compensation package. Its not payment for 'overtime'. Its just a different risk/reward calculation then only salary. The key point in all of this is to …

> that consistent hard work generally results in rather substantially increased compensation and opportunity in the long term. I agree. I don't think I'd be in the same place in my…

"Working for free" after 40 hours never resonated with me. It comes out of hard fought labor battles, but an assembly line is difficult to relate to when I'm eating free snacks in …

> I have a finance background and previously worked for UBS and in retail and wholesale stockbroking. I fully understand the role of, say, market makers in the financial system (ie…

Common enough. Skills are so specialized thhough that it doesn't always make sense to switch though. Its a different career track, not a promotion. Top end trader will make more bu…

The closer to the trade you are the higher bonus is as a percentage of your total comp. I did mention "front office" in my original post. - Infrastructure is vital to most trades. …

> For any job that you're likely to get in your 20s, NYC finance jobs pay worse, have far longer hours, and are much more high-pressure. If you're working in the front office then …

If it trades on the public U.S. equity markets then there's no special information available to accredited investors.

Those movies were addressing a contemporary phenomenon when inequality took off again after being relatively dormant since the 1920's. A combination of deregulation, a reduction in…

Another lazy post voted to the top on HN that beats the same ole lack of profit drum in a rapidly growing company. Where's the comparison to Apple to really drive home the point?

Jeez man, Breaking Bad was just last week. Show a little originality in your postings.

There have been prosecutions in the US and UK.

This is awesome. I use Twitter everyday in a way that can't be replicated by any other service out there - there's zero competition. Once they really figure out monetization, as Fa…

Urgh. When do we get to the point where I can read HN without a snarky NSA comment being voted to the top?

"That's a circular argument" If it sounds like a circular argument to you then that's because economics involve systems of feedback. It's not as simple as A causes B. A has an effe…

Interchange fees would have to be much higher if they were a larger percentage of a credit card company's revenue (as they are for AMEX). This would end up resulting in higher cost…

A $900k home is ~$3,600/month P+I after 20% down. Considering that principal is actually savings and you can deduct X% of the interest, you are looking at a true effective cost at …

> Uber is 15% cheaper than cabs in the market's their in. This is just false in NYC. Yellow cabs are 1/3-1/2 the price.

When you are ready to have kids then either your finances have probably improved and you can afford that 2BR or you move farther out to cheaper areas of the city / suburbs. Or be h…