Recent content by pinthestrike

Has he learned by his mistake in investing in Madoff's funds? So you would have a Madoff victim become SEC chief? http://www.nytimes.com/2008/12/19/business/19spitzer.html?ref=business

http://en.wikipedia.org/wiki/Mental_retardation

I continue to be astounded that people will waste their time on such nonsense while assuming causation. Absolute quackery on the level of astrology.

I have serious doubts that you're a hominid.

Ok, I will bite. Where are your audited trades? The sane among us will likely come to the conclusion that this Journal is not an audit. You have the demeanor often seen in raging methamphetamine addicts and London ring traders. Are you from the UK?

Not to be an ass, but these "violations" only occur in listed markets. Why is that? It's due to regulatory or investor intervention. Either the regulator puts a restriction on the short or the client takes possession of the security on loan. Voting rights? Comical. Persistent, anything...

You cannot be serious.

I assume some of you have read or are otherwise familiar with Gisin's Geneva experiment.

I'm sorry, but this is nonsense. The illiquid option is orphaned or it isn't. Models exist to price the curve. Many participants would prefer to deal in limited liquidity scenarios.

I am familiar with Taleb's writing and spent 7 years in legal theft at the behest of my former employer in structured product. Pricing is done rapidly and often noncongruent features are embedded in a product. Our job is to sell a product, and more often than not the nth-order terms are of...

I take it you've never made a market in an OTC security. If I recall, neither has Mr Taleb.

The market maker is resolving or extending the curve (volatility surface) through some interpolative technique(s). The market maker doesn't set the price, he/she reacts to price agreed upon by other traders, including fellow market makers.

Any persistent "violation" is the result of prohibitive borrowing terms or share restrictions.

You're being taken for a ride. You would have to assume the tail wags the dog, and it's not the case. Maestro is referring to contamination principles, poorly I might add.

I was at the shareholders' meeting in Omaha in 1999 when he addressed it publically. He is under the impression he has something to say about it. The discussion was related to splitting the stock and the introduction of the class B shares a few years earlier.