71–80 of 199 posts
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Oh right, I forget that the people in finance day to day are accessing via the terminal.
You can also access the Bloomberg website and disable javascript and the article will load. Most adblockers have a disable javascript for this page feature
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Not OP, but Matt Levine "wrote about me" [0]. I made a Matt Levine insider trading game [1]. It was inspired by a Matt Levine article [2] where he mentioned how some professional traders had access to early earnings but even with that data, they were still highly inconsistent in their trade performance. The point was stock prices are notoriously difficult to predict even with early earnings. So I made this app where…
This is a very cool app, but one thing I'm noticing is that you aren't providing any numbers about expectations (expected earnings/share, etc). Stock prices are forward projections, so it's less about how much money made/lost and more about how much money made/lost beyond current expectations. And this is certainly information a real insider trader would have. Perhaps that would improve players results?
My guess would be that expectations wouldn't help much. The analysts at banks that provide estimates are relatively conservative (don't want to stick out from the crowd too much). For instance, it's much better to be way off from actual as compared to other analyst estimates. Because you can always say everyone else believed the same thing as an excuse. If you're way off from others and you happen to be wrong, then thats more embarrassing.
The analysts also rely on internal estimates pretty heavily, and companies aren't dumb, so they usually downplay expectations. So much so that the majority of companies beat their own estimates (over 70% of the time). So I think these numbers are gamed and without being a sophisticated practitioner, they wouldn't help IMO
[0] https://insight.factset.com/record-performance-vs.-eps-estim...
I'm surprised that there's only around 150k people (other than me) who read the newsletter. I don't work in finance, always enjoy reading Matt, and often learn. To that end, if you don't subscribe to him and want a sample to consider joining the free newsletter, let me suggest his column "Arbitrage Discovered" from 2015: https://www.bloomberg.com/amp/opinion/articles/2015-02-27/ar...
only 150k? that's seems like huge for something which is almost a niche. How many people subscribe to newsletters? on these people how many are interested about the opinion of one guy on the details of market finance?
One of the perks of working at Bloomberg is being able to read his (and Noah Smith’s) columns for free :D.
The newsletters are free by e-mail too. You can take those and run them through an e-mail to RSS service and pop that feed in your RSS reader.
It was working up until he went on his parental leave, I expect it to get updates when he is back.
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Securities fraud. I have linked it below. There are a few other articles where I am mentioned in passing or via hyperlink. https://www.bloomberg.com/opinion/articles/2017-05-22/fitbit...
Did it really happen as he describes it? I.e. he wrote about a fraud scheme and you went "hey good idea I'm gonna do that too"? Or was there more to it? :-) Feel free to not respond or anything, not trying to get you to incriminate yourself or whatever, I'm just nosy.
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Mind sharing (or linking to) the story of why he wrote ahout you?
Not OP, but Matt Levine "wrote about me" [0]. I made a Matt Levine insider trading game [1]. It was inspired by a Matt Levine article [2] where he mentioned how some professional traders had access to early earnings but even with that data, they were still highly inconsistent in their trade performance. The point was stock prices are notoriously difficult to predict even with early earnings. So I made this app where…
Agree with all the praise. However, reading him long enough, I started to get annoyed with the blase approach to the Wall Street(tm) transgressions. I do not think it is a case of pandering to your audience. The following quote (about his time in Dealbreaker) captures it perfectly: >Part of the problem was that he couldn’t really access a contempt for Wall Street titans. He was of the place, and he found its workings…
I enjoy his column particularly because he talks about all of this scheming and maneuvering in a straightforward and neutral way. I can decide for myself if something is immoral or offensive or whatever, I don’t need my news sources to decide that for me.
Matt Levine's columns often goes one step beyond the "neutral way". They often describe them as cool ingenious schemes done by smart people.
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I enjoy his column particularly because he talks about all of this scheming and maneuvering in a straightforward and neutral way. I can decide for myself if something is immoral or offensive or whatever, I don’t need my news sources to decide that for me.
The reality is that media helps define what is normative and what is not. Describing bad behaviour and abuse of the law, without calling it out as bad, helps normalize it. Matt Levine's columns often goes one step beyond the "neutral way". They often describe them as cool ingenious schemes done by smart people.
I can see it the other way too though, now that you mention it.