41–50 of 51 posts
I'm an anti-intellectual ball buster, so I'm triggered by the "ELI5" conceit preceding a verbose summarization of the linear programming problem. A better follow-up to the ELI5 condescension would be, "I exploit discrepancies between what energy prices are and what they ought to be for the benefit of my employer, and thus myself."
I'm an anti-intellectual ball buster, so I'm triggered by the "ELI5" conceit preceding a verbose summarization of the linear programming problem. A better follow-up to the ELI5 condescension would be, "I exploit discrepancies between what energy prices are and what they ought to be for the benefit of my employer, and thus myself."
“And to the detriment of others”
Pricing at marginal cost is the biggest steal in economics. Just because one folk who contributes 0.1% to the energy mix has double the average cost, everyone gets to sneak in and get free money. Specially true in the last winter in Texas where we paid billions to the big power generators only to freeze to death. The best trick that I have seen happening in the industry is suffocating supply so that the new marginal…
Pricing at marginal cost is the biggest steal in economics. Just because one folk who contributes 0.1% to the energy mix has double the average cost, everyone gets to sneak in and get free money. Specially true in the last winter in Texas where we paid billions to the big power generators only to freeze to death. The best trick that I have seen happening in the industry is suffocating supply so that the new marginal…
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Earlier quoted context omitted.
Google 'meme stocks'
I did, no mention of Citadel. What is this, some fight club rule number 1 and 2 where you gotta be cryptic?
Earlier quoted context omitted.
I did, no mention of Citadel. What is this, some fight club rule number 1 and 2 where you gotta be cryptic?
It was Citadel (along with others) who heavily shorted these stocks. And supposedly they are still trying to save their positions by any means, including illegal ones.
Earlier quoted context omitted.
I think that is probably a "folk quote", the attribution to Feynman is also inaccurate AFAIK. He said something similar though: > Feynman was a truly great teacher. He prided himself on being able to devise ways to explain even the most profound ideas to beginning students. Once, I said to him, “Dick, explain to me, so that I can understand it, why spin one-half particles obey Fermi-Dirac statistics.” Sizing up his a…
I like the subtle hidden arrogance that " we don't really understand it" if Feynman can't explain it at freshman level.