181–190 of 243 posts
Earlier quoted context omitted.
"Pissed" meaning inebriated and not angry.
Had a colleague at one job who was from London and he was describing the steps he had taken to fix his car. I had to tell him he lost me at bonnet. Two countries sharing words.
This really makes me wonder - what if you win a Nobel prize and they actually can't reach you? What if you're on a secret mission to save the world and didn't bring your cellphone?
They announce it anyway and you get to find out from the press or people calling you. It's happened before.
Earlier quoted context omitted.
> Berkeley gives you a parking space if you work there and win a Nobel. The rich get richer. I remember filling out school and early job applications. I was struck by how my list of awards and recognitions was kind of a sham—most of them were each a consequence of some earlier achievement, and so on. It felt like getting a check and being able to cash it more than once.
> I was struck by how my list of awards and recognitions was kind of a sham—most of them were each a consequence of some earlier achievement, and so on. Achievement and power are runaway positive feedback loops which means we need damping forces to have any reasonable level of fairness where "fair" means reward is proportional to the effort.
Earlier quoted context omitted.
It is hundreds of millions of dollars that are being spent for an activity that is a tax on investors. The fact that it is better than what existed before doesn't change the fact that we can do better yet.
In general, HFT charges a lot less tax than the market makers of old. And for retail investors, HFT helps them a lot .
Earlier quoted context omitted.
It is hundreds of millions of dollars that are being spent for an activity that is a tax on investors. The fact that it is better than what existed before doesn't change the fact that we can do better yet.
In general, HFT charges a lot less tax than the market makers of old. And for retail investors, HFT helps them a lot .
Yes, HFT manages to do better than the old market makers that had humans doing the same job that HFT does now in the same way with bigger margins. But that doesn't change the fact that for retail investors, I believe that my suggestion in https://news.ycombinator.com/item?id=24760841 would help them even more.
Earlier quoted context omitted.
You were on the previous level and didn't stumble or make a complete mess, so it makes sense to invite you to the next one. See Peter Principle.
I have generally resisted further advancement, well aware of my level of competence. Also, the next level up is often not a level where the required skills are the same. Right now, I do stuff. At the next level up, I'd be required to do some stuff, but mostly coordinate other people's stuff, which is a very different skill set.
Earlier quoted context omitted.
In general, HFT charges a lot less tax than the market makers of old. And for retail investors, HFT helps them a lot .
How do HFT help retail investors? While I understand that HFT are not technically front running, it seems to me (as someone who is not that involved with finance) that functionally it's more or less the same outcome?