151–160 of 167 posts
Well couldn't it have been the opposite? Hypothesis: maybe this kind of research has the least marginal return, therefore only the most profitable funds are willing (or able) to invest in it (Bridgewater would invest $10M for 0.1% of improvement while a small fund can't afford that luxury given that 0.1% is fund size independent).
I tried to get bulk data from EDGAR a while back. Turns out bulk data acquisition has been turfed to a third party, which charges for downloads. This is supposed to be federal free data, I was so pissed off. I am still pissed off.
1. https://www.sec.gov/edgar/searchedgar/accessing-edgar-data.h...
Around 2008, I read some public filings by banks. I made only two back-of-the-napkin adjustments: 1) I combined off-balance sheet assets and liabilities into the balance sheet, and 2) I changed the expected % losses to approximately that of Wells Fargo. With those two simple adjustments, I saw that some big banks were in the hole by (combined) tens of billions of dollars. The market prices for these banks made it cle…
Hi what accounting topics would you have to learn in order to read the 10-Ks? I have basic understanding in economics and CS. Thank you.
Around 2008, I read some public filings by banks. I made only two back-of-the-napkin adjustments: 1) I combined off-balance sheet assets and liabilities into the balance sheet, and 2) I changed the expected % losses to approximately that of Wells Fargo. With those two simple adjustments, I saw that some big banks were in the hole by (combined) tens of billions of dollars. The market prices for these banks made it cle…
What's your opinion on Tesla? Many people who read their financial documents say their situation is really bad.
I'm not sure what they're investing in and how much more they have to invest so I don't have an opinion.
Around 2008, I read some public filings by banks. I made only two back-of-the-napkin adjustments: 1) I combined off-balance sheet assets and liabilities into the balance sheet, and 2) I changed the expected % losses to approximately that of Wells Fargo. With those two simple adjustments, I saw that some big banks were in the hole by (combined) tens of billions of dollars. The market prices for these banks made it cle…
I'm starting a career in accounting and would appreciate a recommendation or two on what outside-of-school resources you used to better your understanding. Recommendations?
Earlier quoted context omitted.
Renaissance Technologies has completely automated the process of signal discovery.[1] They don't hire researchers to manually derive novel insights or trading models from data, and they don't really bother with exclusive sources of data. Instead, they hire researchers to improve methods for automatically processing vast amounts of arbitrary data and extracting profitable trading signals from it. When most funds say t…
How scalable is RenTec? Can they go up to 100B in AUM? 200B?
But reputedly they neither allow external money into Medallion nor do they let employees compound their existing stake in the fund but pay out ginormous 20%-40% annual dividends exactly because the strategy is not scalable.
Not surprised at all. Anecdote: A friend and I used to run a website that tracked activist short sellers and their campaigns, and published all that information as a nice centralized database basically. Hedge funds were, by far, the most interested in this - which was surprising to us, our original target audiences were auditors and legal firms. My impression from this experience is that the more successful hedge fun…
For others reading here and in case curious, the hedge fund I was working at wasn't interested in paying for access to tracking of activist short campaign data for the short trade ideas themselves. There is little interest in copying or jumping onto another's trade like that. The real interest the hedge fund wants to get alerts and track these campaigns was to keep an eye on what other hedge funds are doing - it was more about competitor and industry colleague research than securities research.