Live data from Hacker News

Takeaways from the Jane Street bond prospectus

ft.com

341–343 of 343 posts

Re: Takeaways from the Jane Street bond prospectus

#341
post #336

Earlier quoted context omitted.

> We are entitled to a roof and food What does that mean even? > it’s a tragedy that some people don’t have those things. Agreed. > I don’t understand why you’d say we’re being forced to have food and shelter, that makes no sense. I was trying to take your position to the absurd extreme. You said employment was not voluntary, I took that to mean that you're forced to have food and shelter. > We need food and shelter,…

Seriously? You're really doubling down on this argument that technically there are people who choose not to work? What a stupid, disingenuous fucking argument. You realize for the vast majority of people, food and shelter are top priority right? This is the foundation of Maslow's Hierarchy of Needs. > What does that mean even? Since I apparently need to explain the basics to you, entitled means "believing oneself to…

> You realize for the vast majority of people, food and shelter are top priority right? This is the foundation of Maslow's Hierarchy of Needs.

Yes, and that is exactly why they choose to work! Because they want to have shelter and food! What don't you understand here!

> entitled means "believing oneself to be inherently deserving"

You strike me as a rather entitled person. What does "deserving" even mean?

I wish we could all have shelter and food without working and can't wait for you to solve this rather pressing issue.

Re: Takeaways from the Jane Street bond prospectus

#342
post #212

Earlier quoted context omitted.

They provide market liquidity. The chances that a seller and buyer come together at the exact same time across the 7.5 hours of open market operations is fairly low, so they buy from sellers and sell to buyers and hold in between to keep the markets liquid. This liquidity costs(often advertised as the bid/ask spread). We could essentially close them down if we moved all trading to say 1 hour a day. Though most retail…

> They provide market liquidity. That's funny, people say the same thing about ticket scalpers.

Don’t they?

Artists set too low of prices because they don’t want to be thought of as greedy. Scalpers expose the true market rate of the goods.

Re: Takeaways from the Jane Street bond prospectus

#343

Earlier quoted context omitted.

Betas were certainly around 2002-03. Though thanks for the reminder that .NET was in a beta around 2000, so 90s is wrong (that's when I started work so my memory is sketchy that far back). CSFB was always a big MS shop and often trialled software before public release. https://fsharp.org/history/hopl-final/hopl-fsharp.pdf

> CSFB was always a big MS shop Hey, it's not massively relevant to your story, but this cracked a smile for me. CSFB was a big Sun shop, up to and past the time they mounted a "SunSet" initiative around 1998. Scott McNealy came and gave talks to the engineers. In CSFP, the derivatives arm, where the quants worked, there was more of a push to get onto Excel, build a relationship with Microsoft, which included getting…

I think you know somewhat more about this than me ;-)

I just remember the win2k source code, the Exchange team, the mass rollout of win2k boxes, and the .NET beta of course, as you mentioned.

Post reply on HN