Viewing profile — mmodahl

The book picks up in the middle of the story after the first step in electronic trading has started, but before all participants are on a level playing field. Human market makers a…

The technology put a lot of people out of work and at the same time eliminated a loophole that wealthy people had to take advantage of the markets. That is a recipe for vilificatio…

Nerds making money and people gunna hate.

Yes. You would be purchasing both stock and the option from "the market." As much as I like to joke about retiring to some farmers market to handcraft artisanal equity options, whe…

Nothing you said is untrue; you just made it feel like math is some magic pot of gold. Nearly every time, the cost of the stock plus the cost of the put option will be exactly the …

Because it is not a simple or fair solution to the problem; it is a sophomoric attempt at solving a human problem that simultaneously guts the actual mechanics of exchanges. You wa…

Unemployed cab drivers are the only ones arguing self-driving cars are bad.

So the moral amount of consumption is the amount you do and no more.

This is a really toxic view of consumption. What level of consumption is moral to you? Can I buy a pack of chewing gum if I earn $100k? What if buying a $100k watch is a smaller pe…

> In other words, you want to address diversity by stamping out any ideas that are contrary to the modern politically correct BS that most people here are dulled into believing. My…

It is the easy scalping he mentioned. A market maker can only stay in business if they sell as much as they buy and if the average sale price is above their average buy price. They…

Car insurance is a derivative.

IPO opening auctions are scheduled for the middle of the day. The regular market open auction is a very busy time and if they happened at the same time, everyone would be choosing …

There are a few addons that are available. I've used Roksbox successfully for a year or so.

Roku + Amazon for rentals + Hulu Plus for TV edit: and then I realize you are British so you swap the BBC Player for Hulu Plus and you are done.

Long and Medium term investors should be investing broadly across the entire market. Just a decade ago you needed to buy into a mutual fund and pay sales loads and expense ratios o…

Some people call these sorts of charts crop circles. And, like the patterns stomped in wheat and corn fields, some people take one look at them and decide the end is nigh.

"One day a man invents a telescope .... He provides no net-wealth to society as a whole" Financial incentive drives creation. Programable gate arrays that can keep a limit order bo…

So you'd rather he not invent the telescope? Because inventing the telescope "provides no net-wealth to society?"

With all the discussion of NPR and media bias this week, I had the idea last night to create a website where people could rate anonymized paragraphs of journalism on a scale from L…

"Fortunately, literacy, though it consumes its own oral antecedants and, unless it is carefully monitored, even destroys their memory, is also infinitely adaptable. It can restore …