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The real takeaway should be to understand how vicious Ken Lewis is in leaking this bit of news. A textbook hatchet job,.

I think this is true only for logical well adjusted individuals who eventually see thru the shallowness of it all. A lot of people however get caught in the treadmill of status and perceived superiority. Their teleological purpose then becomes to maintain this perceived status. So they...

I suppose people like to think of dramatic events as bad news. But you know, real cycles grind slowly. Capital controls descend on the US such that remittance of money abroad becomes taxable or illegal. Or traveling abroad for skilled professionals becomes onerous. Or mandatory...

I suppose this thread is an interesting indicator of intelligence on ET. On the one hand, maybe a lot of people spotted it but couldn't be bothered to point it out. The mistake is here: If these annualised figures add up to more than -10.0% over four consecutive quarters then the...

Thanks for the feedback. I run a Hotbrick dual WAN with cable and DSL feeds in the city. So far my cable tends to go out when there are roadworks, and DSL drops occasionally, but I've not had both die on me together, which is good news. The failover is flawless. Wondering if it makes...

Related question: What is a good laptop for a vacation trading machine? Running tradestation + TWS Would 2 monitors + matrox box + $700 core 2 duo dell lattitude with 3GB RAM hack it?

In a black out, what are the odds that EVDO or 3G will be also down? I remember when there was a black out, cell lines were all jammed for the first 30 minutes. Also, is cable or DSL more vulnerable to a blackout? Obviously the vulnerability is scenario dependent, but what are the...

"If it floats, flies or fornicates, rent it. It's cheaper in the long run."

Money is a claim on the future efforts of the people on this planet. If you have $500 and the average wage is $25 per hour, you can enjoy the fruits of 20 average man hours worth of product. That might be 20 hours at the barber for example. Or 20 babysitter hours. Or if you buy 50 T shirts...

I think you have to deal with risk holistically and avoid single number measures. Sharpe is a good tool for evaluating one strategy over another under certain conditions. Kurtosis hurts the usefulness of the sharpe ratio for instance as is well known. Another issue is dependency of...

I'm surprised people are still kicking around Parrando and Monty Hall. To be honest I don't see any potential for market application. On Sharpe : I don't think optimizing for sharpe on individual strategies matters as much as many people think. Sharpe is just a measure of reward per unit...

Not only is Andrew Lo not a student, he is a prolific and well regarded professor at MIT *who also runs a quantitative hedge fund*. So his paper on what happened is well worth reading.

.... and Erin Callan lied like a finance minister on the eve of devaluation. Einhorn Vindicated on Lehman, Beating BlackRock, Putnam Bulls By Michael Patterson and Eric Martin Sept. 13 (Bloomberg) -- The tally is in and hedge fund investor David Einhorn beat BlackRock Inc. and...

Quite true ..... quite true. Live and let live works best I suppose. Attempts by the independently minded at conversion and education seem to provoke an undue amount of anger.

A CEO screwing up and driving the share price down is hurting his shareholders and they should, if they had any sense at all, band together to throw him out. If the company dies, well so be it, lets welcome the next better player. This is called capitalism. This is a matter for the markets to...

Cobbling various strategies together I think is a very strategy collection specific challenge. There isn't a formula to it, and anyone who tells you different is trying to sell you a correlation matrix. The trouble with correlation matrices is the same reason why we divide by N -1 to...

I encountered this paradox a while back and there is less than meets the eye. It's just one of those tricks used to impress the gullible. As for mixing a bunch of systems - I contend that the less fancy you are the better off. You are going to have to construct and reconstruct your portfolio...

Wesco has shareholder letters going back to 1997 on their website. If someone knows how to get earlier ones, please share or let me know.

I think the biggest hurdle to do-it-at-home buffett wannabees is patience. Buffett's purchases in publicly traded stocks number like a handful a year? Most people can't spend 99 days in analysis and then do a trade on the 100th day when all the stars align. Even Buffett occupied his...

Oddly enough, there are parallels between horse racing and trading. In fact there have been funds that make made money in horse racing. Some one on ET must have an inside story or two they can share ...