Viewing profile — turingcompeteme

If a senate report causes issues for you, I don't think it's exactly crap. But I understand your point :) It also keeps mentioning Reg T which I agree is not relevant here. I was w…

But there are laws preventing a broker from lending you that money. The hearing cites the SEC net capital rules which Rentech and DB worked together to bypass. There are pages dedi…

They weren't in violation of Reg T. They were in violation of Reg U and Reg X. You are right that there is no law saying you can't use more than x leverage, but there are absolutel…

It was 1.9% during the time of some of these trades. But yes, you're right, I should have said 3% over the risk free rate

It was never about returns exceeding borrowing costs. Rentech is probably the greatest money manager of all time. They can make returns that exceed the borrow costs. It was always …

Not me, The IRA thinks it's illegal. There are limits on how much leverage you are legally allowed to use, and Renaissance has made a name for itself by trying to bypass those laws…

Most of what we know about Rentech's strategies comes from Senate hearings regarding the sketchy things they do. The common theme is that they find strategies with fairly low retur…

I guess everything you wrote is correct, but it seems like a very white-middle-class perspective. Legal segregation in America only ended a generation or two ago. That's just one o…

These articles are silly, and don't understand alcoholism. They give a few examples of successful ways that people have quit on their own, and since lots of people did it that way,…

> most alcoholics get better on their own. These statements and studies show how little the average person, even a doctor, understands about alcoholics. Anyone who's attended an AA…

Is there any 'wall' between the owners and editors of a newspaper? Does someone like Bezos now have access to similar information that the Times was hiding from the public shown he…

I don't know about that. RATM are a festival-headlining, mass radio-played, commercial band, who wrote the same "protest song" over and over again. Killer Mike, Tom Waits, Bikini K…

> I showed them it is statistically very unlikely they would find a better candidate So I get where you are coming from, but not having the 1/20 requirement is a much easier excuse…

I realize this doesn't actually matter and I feel weird defending Renaissance... but Virtu is a public company and hasn't been doing that well, and returns from Citadel's various f…

Bigger sure, but can you point to one that has had better performance than the medallion fund?

> the rituals embedded in the doctor-patient encounter that he thinks are fundamental to the placebo effect > “Medical care is a moral act,” he says, in which a suffering person pu…

Non of those things are helpful for gaining strength or building muscle. Do a basic barbell program and eat 6000 calories every single day and I guarantee you that you will see res…

Bloomberg is also one of the most valuable tech companies in the world. Their entire business model revolves around providing accurate financial information. We happily pay $2k per…

As an engineer who hadn't studied that type of math in quite a while, Elements was pretty tough and I was getting stuck a lot. ISLR introduces you to many of the same topics in a l…

This is neat. If you are looking for something a bit simpler: put your code in a python package, install it, and then use %autoreload You can now develop in your favorite editor, a…

Exactly. It's not about the teachers. My sister was an award winning teacher when she was at a good school. Now that she teachers on the edge of a reserve she has suddenly become "…

I hope they aren't just using 13Fs to determine hedgefund holdings. I saw one being filed recently and I was amazed at how useless they are for determining a funds actual positions…

The Signal and the Noise by Nate Silver talks about this a lot. From predicting politics to economics to sports to climate change, group predictions are almost universally better t…

The article exaggerates a little bit. The myth is that every person has one specific style in which they learn best, and that this is how they should ALWAYS be taught. Different wa…