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Requiring that a company actually exist before it's stock can be traded.....crazy!

Revenue ≠ Profit

It was at flight school during survival training in Florida. They kept warning us about dehydration and heat stroke, and telling us to keep drinking water. This one woman who was pretty small was probably drinking as much as the men and started to show signs similar to hear exhaustion so they...

We can't trade most European ETFs and options as U.S. citizens so unfortunately no monopoly on that bit of stupidity. Fortunately hurts us less.

For sure. But the "rules" are basically different when it comes to comp from creating value vs comp from trading. For creating value it's generally seen as fair that you get a cut of the value you helped create, for trading it's all about risk adjusted return. I don't disagree that in some cases...

Of course one of those side effects (acidosis) also comes from lifting too much. And I actually know someone who had to go to the ER from water intoxication, so at some point you gotta realize that anything has potentially harmful side effects and figure out what the actual odds are.

And that's the beauty of creating wealth through building companies vice trading, no downside is necessarily required to have upside. For example you're an entrepreneur, a VC gives you money with no downside. You either succeed and you make a bunch of money, or you fail and end up with your...

Curious of examples of these zombie corporations that survive only because of the artificial ZIRP?

Pretty sure he has already made a fortune by this point....

ITT is defunct under chapter 7. So yeah while theoretically they should be responsible, you can't squeeze blood out of a turnip. What we really should do is set up funds that these type of organizations have to pay into like the national pollution fund for industrial companies which pays out...

If you're playing a "name a super improbable event game" then sure, there's a minute but nonzero chance that happens. There's also a chance that a solar flare destroys a good chunk of the electronics on earth or a meteor kills half of life on earth. However there is an orders and orders of...

So there's no seasonality to forex, if there was it would be arb'd away in microseconds. Avoiding commission and ATM fees are really the way to save money. Cheapest is to get a credit card that charges only interbank rate with no forex fee and out everything on that, get a cashback or miles...

I always find the level of it ignorance in almost any article about stock or option grants amusing. For example, the third sentences contradicts the second; we're told the grant is "as of July 5th" and then goes on to say it "vests over 10 years" Getting stock that vests over 10 years probably...

I make it myself as well and drink it every day. Not a miracle cure to anything, but it's a healthy beer alternative. You can tweak it so it's got a couple percent alcohol in it and tailor the flavor to exactly how you like it. It's now my much lower calorie and healthier alternative to the beer...

That's a good question, I've only ever done this with SPX spreads so I don't know the answer. I obviously don't ever recommend using IB for any options spreads because of the incorrectly coded auto liquidation algorithm. However back when I used them I found you could trick it by putting in an...

Sounds like there's some adverse selection involved in the startups that choose you to consult for them, curious what your consulting field is? I've started two companies, the first definitely in and of the Valley and the second a spinoff from the first. The first is still around doing what...

This exactly. My first question was how many people will this really impact, a few hundred? What percentage of the derivatives market do they comprise, a fraction of a percent? Like the alcoholic who thinks everyone drinks because they spend all their time in bars, we tend to forget that retail...

Interestingly trading actually hasn't been mentioned in this thread much if at all, it's a thread about macro economic topics. Unfortunately it appears you haven't actually spent much if any time studying macro economic topics, so I looks like you're pretty transparently opting for the...

So just to be clear, you are the one who responded to me. A bit of an a-hole move to come in and engage me in a conversation, then when you're faced with inconvenient questions you can't answer you pull the whole, I'm gonna take my ball and go home thing, don't you think? You're really on the...

Hard to tell if he just posts drunk a lot or actually has a mental illness.