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  1. S

    The Monaco thread

    I thought it was a hyperloop. Maybe we can merge this thread with the $TSLA thread!
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    Intellectual Yet Idiot

    WTF does penis size have to do with anything? Project much? If it makes one an "IYI" to observe and point out blatant contradictions then sure, definitely an "IYI". But again, you've done a great job not addressing a single point I made, so one can conclude only that you're incapable of doing...
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    Intellectual Yet Idiot

    Dude sorry, again there's some pretty big internal contradictions in your own posts that call that all into question. Not least of all is this lack of basic logic that anyone with even an English undergrad would have let alone someone who is supposedly some kind of "raw talent" in statistics...
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    This is Cool

    It behave differently in some ways to obviate risk. If you're a big OTC trader you can set up a fairly balanced book with your counterparties such that a catastrophic meltdown has a relatively balanced impact on both your books. That being said, an OTC call option suffers the same miscounting...
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    Intellectual Yet Idiot

    So again, you've got to avoid contradicting yourself from post to post and now inside of a single post with only two sentences! You have not attended an elite school, you don't have that experience, and yet you claim to know how elite schools teach and what they emphasize. So does experience...
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    Intellectual Yet Idiot

    That's the beauty of the online MOOCs, pretty much anyone can have access to the basic level of knowledge necessary to have an intelligent conversation about a specialty these days, you just have to care enough to put the effort in. Prof. Navarro is actually a great example, thanks for bringing...
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    The radical moral implications of luck in human life

    I'd say exactly the opposite, don't assume all the people in ghettos in the U.S. are partying and get pregnant so somehow "deserve" being where they're at. That's the far more pejorative assumption and in my experience, again just working with these folks now not growing up there, not accurate...
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    The radical moral implications of luck in human life

    No, not at all. I feel like I'm being willfully misunderstood here. If you're working 60 hours a week or more at a manual labor that makes you sweat type job, you don't have the energy to do anything else. That's just a fact of human physiology. I'm sure you don't disagree with that, and no-one...
  9. S

    The radical moral implications of luck in human life

    I am curious where you grew up, completely understand if you don't want to share than info in a public forum though.
  10. S

    The radical moral implications of luck in human life

    Your problem is that you have decided that everyone who is poor is that way because they have this "victim mentality". You've convinced yourself that the only difference between you and your "insane work ethic" and poor folks is that they're all suffering from "victim mentality". That is dead...
  11. S

    The radical moral implications of luck in human life

    And yet the folks that do are "victim mentality" losers who just need to have your "insane work ethic" and they can pull themselves up by their bootstraps? Seriously, imagine you live with a crack addicted mom and are the oldest kid raising your two youngest. You are conscientious and hard...
  12. S

    The radical moral implications of luck in human life

    How many straight weeks in your life have you worked more than 60 hours/week at a manual labor job, the kind you sweat at? You and your "insane work ethic"? Actually I grew up in a supportive 2 parent educated family and won the genetic intelligence lottery. I've so far been a military officer...
  13. S

    The radical moral implications of luck in human life

    There are actually quite a few folks in your "ghetto" who work their ass off a whole lot more than you or I ever have or will. They're taking care of sick or addicted parents or siblings and are a vital but not the only part of a web of support that only exists where they have family. So it's...
  14. S

    The Monaco thread

    Actually the real point is you know so little about the world outside your little flat that you had not even the first clue where Monaco was on a map, no-one would make such an absurd statement otherwise. Or a concept of time and distance, even with a "house with helo pad to helicopter to...
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    This is Cool

    I think you may misunderstand my point, which is that the chart most certainly overstates the exposure of derivatives. If the vast majority of call options fall into that overstatement bucket (you could argue a deep ITM call would not I suppose) and no other derivatives did, it would still be a...
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    Intellectual Yet Idiot

    That's actually another part of the "everyone's opinions are equally valid" movement that really bugs the heck out of me. Of course you need to keep an open mind in science, it's not only a good idea it's a central tenet of the scientific method! The entire concept of the scientific method is...
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    Was counterparty risk high enough to worry about for futures exchanges during 2008?

    Again not to be insulting but the exchange and clearing functions are separate and distinct and you seem to be mashing them together and conflating them. An exchange exists to match buyers and sellers. Clearing it itself at least two functions, moving securities between owners and guaranteeing...
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    This is Cool

    Not exactly. As @newwurldmn pointed out, many of these have very little risk. And back to my example, does either the buyer or seller of an APPL 180 call have any catastrophic meltdown risk that would justify the point the article and the poster I was responding to are apparently trying to make...
  19. S

    The Monaco thread

    Sorry dude, you truly are a moron. It's over 1,000 kilometers from Monaco to London. If he's flying an S-92, one of the fastest civilian helicopters, he's going to cruise at 280 km/hr. So we're talking 3.5 hours each way, or a 7 hour round trip "commute" from Monaco to London each day best case...
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    This is Cool

    Why? This is a notional measure, so for every option on APPL stock that's out there they're counting it as $175 of value same as a share of APPL. It's a whole lot easier to create options on APPL than new shares of APPL, so one would expect that there would be a whole lot of options out there on...
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