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Gloomberb

gloom.sh

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Re: Gloomberb

#211

Post by kasey_junk »

allthetime wrote: post #162
JumpCrisscross wrote: post #159

Earlier quoted context omitted.

> the bottom rungs are almost completely populated by silver-spooned nepo-babies You’re thinking of investment banking, corporate finance. Trading has always been the place folks from less privileged backgrounds got into finance. In the old days, Jews. (Like, into the 50s.) In the 80s, poor schmucks.

I know a lot of traders from both university and growing up around rich kids. Their parents are invariably very wealthy. They were the ones who had the time and safety net to sit around on computers all the time (like me becoming a programmer) I’m not in the trading world though so I haven’t met the ones that don’t fit this description. But exactly zero of the people I know who were raised in either poverty or medioc…

You know _traders_ who came from wealthy backgrounds? That's a completely incongruous outcome in my experience. At least in the markets I'm aware of from my career (commodities and fx) the trading component has effectively always been a middle class activity. Something that the kids of cops and plumbers did if they didn't want to go into the family business.

That has changed in the last 20 years or so but only because those jobs have effectively gone away. They are the factory jobs of the finance world. They succumbed to the automation impulse that started in the 80s and reached its zenith in the early 2010s. Traders basically don't exist anymore, a computer can do the job much more effectively. So much so that I was shocked when I _encountered_ a real live trading desk as part of a recent job move.

Re: Gloomberb

#212

Post by wyre »

linkregister wrote: post #198
wyre wrote: post #184

Earlier quoted context omitted.

Is lending not a trade? Two parties exchange money for terms of repayment/debt.

The trading occurring on the Bloomberg terminal is of bonds, equities, and commodities.

Sure, this subthread was about finance people in general, the big short in 2008, and other government-funded bailouts.

Re: Gloomberb

#213

Post by ceasesurthinko »

pizzalife wrote: post #57
ryukoposting wrote: post #40

Earlier quoted context omitted.

Asked a dear friend in the finance industry what he thought about Bloomberg. He's the type of guy who uses these systems daily. Mostly paraphrasing: 1) Bloomberg was lightyears ahead of anything else in the pre-internet days, so there's a lot of UI familiarity. 2) Bloomberg's chat is important because, as a hedge fund or investment bank, the chat is how you buy and sell bonds. You agree to the trade in the chat, then…

It's funny to think some of the world's largest trades are being done in something that resembles a game's tradechat. (WTS bonds)

Slack (acquired by Salesforce in 2021 for $27 billion) started out as a chat app built for the devs of a failing online multiplayer video game called Glitch.

Re: Gloomberb

#215

Post by yulker »

linkregister wrote: post #194
yulker wrote: post #117

Earlier quoted context omitted.

why should we have financial regulation at all, is that what you're getting at?

No, I meant exactly what I wrote and nothing more.

Trading securities is under an incredible amount of regulation, making your point flippant rather than substantive

Re: Gloomberb

#216

Post by wett »

munksbeer wrote: post #193
Pooge wrote: post #121

Earlier quoted context omitted.

And in the GitHub release page they include compiled binaries anyway... Why would you advertise `curl | bash` as a way to install if there's a binary available?! Download it, put it wherever you like (probably `~/.local/bin/`) and you're good to use it. Sometimes I truly wonder...

It seems to have become "the thing" to do. I can't figure out if it is bad as it feels. Why would I run `curl | bash` on something that could be doing literally anything. It feels crazy that all the lessons we've learned just get thrown away. On the other hand, just because I run `brew install someapp`, it somehow feels safer, but why? That app could be doing anything too.

I just learned these two:

1. If the connection dies mid transfer, bash will still execute it.

So `rm -rf ~/.local/bin/whatever` can become `rm -rf ~`

The author can avoid this by wrapping everything in a function. But you wouldn’t know if they did so if you aren’t outputting it to a file first.

2. Say the link points to an S3 bucket and it gets compromised, there’s no record of the payload to analyze.

I’m sure there’s a plethora of other subtleties, but I’ve always had the same question as you and thought I’d share.

Re: Gloomberb

#217

Post by ryukoposting »

nose wrote: post #115
ryukoposting wrote: post #40

Earlier quoted context omitted.

Asked a dear friend in the finance industry what he thought about Bloomberg. He's the type of guy who uses these systems daily. Mostly paraphrasing: 1) Bloomberg was lightyears ahead of anything else in the pre-internet days, so there's a lot of UI familiarity. 2) Bloomberg's chat is important because, as a hedge fund or investment bank, the chat is how you buy and sell bonds. You agree to the trade in the chat, then…

I find it interesting that nobody from the finance community is directly speaking about their experience in this thread. What's the equivalent of hacker news for financial folk?

I think they just have the good sense to not talk to us bozos. They don't need us accidentally blogging about something confidential.

Re: Gloomberb

#218

Post by ryukoposting »

alaudet wrote: post #149
slowin wrote: post #64

I really wish people would mention their stack when they have these curl install scripts. I'd rather use a real package manager, but I'm not totally against installing a compiled binary this way. I am, 100%, not going to install some Java/Type-script nightmare like this though. How is it resolving the dependencies? Is it installing some version of node, bun... on my machine? How's that working with other versions I h…

I don't know man, seems like a cool project and is open source. I guess he could have just sat on it and used for himself exclusively. It's auditable and totally fine for an open source project and nobody is forced to use it. It's free to use under the MIT license, what else can you really ask for.

It's a completely legitimate complaint. If anything, it's an even stronger complaint because of the lack of provenance. And even stronger when you consider that there is intent to monetize: https://gloom.sh/cloud

It doesn't take a genius to realize this entire project was probably vibe coded. What does the script actually do? What assumptions does it make about the user's system? Has any human actually looked at it to figure that out?

Re: Gloomberb

#219

Post by nunez »

I thought that the thing that makes Bloomberg stupid expensive is their proprietary market data feeds...

Re: Gloomberb

#220

Post by nunez »

ryukoposting wrote: post #40
u8 wrote: post #8

Yeah... people aren't paying Bloomberg $31,980 per year for a TUI. They're paying for the data source... and I don't think you have Bloomberg's connections.

Asked a dear friend in the finance industry what he thought about Bloomberg. He's the type of guy who uses these systems daily. Mostly paraphrasing: 1) Bloomberg was lightyears ahead of anything else in the pre-internet days, so there's a lot of UI familiarity. 2) Bloomberg's chat is important because, as a hedge fund or investment bank, the chat is how you buy and sell bonds. You agree to the trade in the chat, then…

Used to be AIM when that was a thing; I'm pretty sure the HFT folks were singlehandedly keeping it alive
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