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At least he's got truth in advertising with his screen name and every now and then he does come up with something insightful. I think of him like that eccentric professor where the trick isn't trying to understand him but learning to keep half an ear out so you can catch the occasional moment of...

I don't disagree with any of that!

I don't think the CFTC has any reason to question someone simply for purchasing OTM options that expire worthless? What's the Futures Act crime there? You have to remember, federal agencies have assigned jurisdictions and jobs. Finding an employee trying to trick his boss into a higher bonus...

Said tongue in cheek I know, but current headlines aside, actual corruption in the day to day bureaucracy of both federal and state government in the U.S. is vanishingly rare, so much so that it makes headlines when found. The federal government does something like 75,000 purchase solicitations...

The sad thing is that the current wave of violence started precisely because Vicente Fox broke the established PRI corruption setup and cracked down on corruption. Turns out the country was much safer at least with a higher level of corruption, which is just damn depressing especially as you...

It's important to understand that the thin film panels that First Solar makes are a fundamentally different product than the silicon panels imported from China. They are significantly less efficient then traditional silicon panels, which although that sounds bad actually isn't in any way except...

The Game is Life series of books is great if you're into this.

Careful or you're gonna start sounding like a grumpy old man:) The think I find interesting as the father of middle-school/high school kids is that at the high end "kids these days" have access to far more advanced STEM and humanities courses than we did in my day, I have a freshman in public...

I hadn't heard that one. Sounds a bit like an urban legend to me especially given that he has only had one kid (singular), although given that I grew up in a fundamentalist house where we didn't have a TV and couldn't watch movies of any kind because we might be infected with ungodly thoughts, I...

Those are all true points. But I notice that you didn't disagree when I said we spend more on our military than the next 8 countries combined. You could equally say, "no by measure of military spending per capita Saudi Arabia and Singapore spend more than the U.S. and so spend more on their...

While I agree with most of your comments, if someone says the wealthiest economy their talking about that country's economy which is the country's GDP unless you're just being pedantic, and the U.S. does have the world's highest GDP. We need it in order to be able to spend more on our military...

I actually don't disagree with Simon, although I admit that like Ehrlich I've had to come around to his point of view (I'm not sure if Ehrlich did come around or was just a good sport paying off his bet). His assertion is that as demand goes up, the price goes up, and that leads to innovation...

Fair point!

I'd live to see that article. There is no way anyone is getting $10M/year USD cash compensation as a developer in China, AI expert or not. It very well could be that a couple people got stock options and they ended up being worth $30M after 3 years, or are "worth" $30M based on their last...

Not that I know of. A couple of obscure ones track monthly returns, I wanna say in the MLP space? If you find any though let me know, I last researched this about a year ago so things very well could have changed.

If you rebalance every day, sure. But at that point you may as well just use futures.

No you won't. It provides exposure to the daily returns of the index. That means in some cases over the course of more than one day it will return more than 3x the inverse and some periods less, it's entirely dependent on the path the S&P takes. It's not a "tracking error" unless you fail to...

Imagine a 2% increase in pollution per worker each in the US and China. You end up with completely untenable levels in China. And it's more like a 4% increase in pollution per 2% increase in productivity in China and a .5% per 2% increase in the U.S. Imagine a 2% increase in social...

Where these cash settled options like SPX or options on individual stocks that you had to take delivery of?

I ran into something interesting on Quora today. The following was a direct quote from the Texas 2012 GOP platform: "Knowledge-Based Education – We oppose the teaching of Higher Order Thinking Skills (HOTS) (values clarification), critical thinking skills and similar programs that are simply a...