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That's like saying: lets spend 100 man hours and $100k to make "X" happen. We can make "X" at those prices because we have no restrictions or incentive to be efficient. All the while, the true value of "X" in the marketplace is 1 man hour and $100. So, yes, "X" can be made, but what's the...

I think you may be taking that specific exchange out of context... not that I agree with or endorse Krugman, but, what he's saying is that, as a society, someone or some entity has to fabricate (or create) incentive. Incentive can be purely fictional, or, it can be the Nazis or Stalin or the...

I think you summed it up really well, but, you forgot xenophobic (illegal immigration) and homophobic (gay marriage). How can these religious types even get away with such hypocrisy in public? How can they hold opinions they subconciously know are wrong? Is it because they were taught to...

He went nuts in a deleted thread last week; started calling people names, trashing other posters etc. I've noticed he takes part in the abusive dialogue rather than moderating it.... not exactly moderator material in my opinion.

In my experience, people are quick to take issue with something based on "gut feel" and a lack of information. Some aspects of PFOF and internalization "feel" wrong. In this case, you might be missing some information... If that's the case, I urge you to pick up a series 7 manual and skim...

Not taking sides here, but, do you have a securities license? I ask this because a lot of the questions you're asking and claims you are making are addressed in depth per a series 7 or 56 license. I think Winston has explained the issue quite effectively. He is not being inconsistent at...

I think complexity implies too much attention to detail. In the context of probability based trading (i.e. systemic trading), the more rules (more complexity), the greater the likelihood of overkill. I'd even speculate that its an exponential function: degree of overkill = concept^rules...

What a stupid way to say something meaningless. "It looks good on paper" ...? Did I read that correctly? You do realize that you just admitted you said something wrong in your prior post by writing that, right? Yada yada yada ... "correlations break down" yada yada. Wow. Real insight...

This is a wrong statement. You don't understand the math. This is not a difficult concept to test and I suggest you take some time with excel and do a bit of experimenting before replying. Let us know when you see the flaw in your logic.

If anyone is following this swell/contest; check out yesterday's swell that hit Fiji. In all my years surfing and watching videos I haven't seen anything quite like this. Amazing stuff. http://www.surfline.com/surf-news/volcom-fiji-pro-day-five----massive-cloudbreak_71346/

Simply not true... Let's assume you base your position size on the max drawdown of a strategy. Say for a 100k account you trade 1 unit and given 1 unit day-in day-out a 10% DD is bound to happen and a 10% return is likely. Now say you're willing to tolerate a 50% DD to gain a 50% return...

Hey - Good job on cutting the exposure. 7.3% isn't very bad at all, seriously. We all have tough months. Maybe rather than focusing on timing the tops, focus on assuming that you're going to get caught at the top a lot and having a preventative risk management process in place beforehand...

Hi Rol, How did this month treat you? I'm hoping you cut some exposure last week or hedged at some point. This portfolio looks like its in about -13% drawdown at this point, is this within reason for this strategy? Mike

Yeah... state taxes are f'd. We're run by morons. If you want to see corruption at the state/local level, do some research on Oakland's local government over the last decade. It is sickening. We still pay a shitload to the feds though; I guess this train would be a "tax refund" if one could...

I think given CA traffic problems combined with the long term *costs* of maintaining the crumbling freeway infrastructure; a non-auto based transportation solution of some kind is a reasonable way to spend our tax dollars. Now... whether or not a train is the answer... who knows, but, I...

Huh? Given that CA pays more to the fed GOV than any other state these actually are CA tax dollars! While I agree that idiots run these programs; CA contributes more than ANY OTHER STATE to the federal budget. http://en.wikipedia.org/wiki/Federal_tax_revenue_by_state What state do you...

The huge vagina comment. I don't see a need for name calling (not yet anyway). The problem is I like Romney but I hate that fact that republicans associate with religion to appease some voter base. Religion is outdated and serves no purpose these days. I have this belief (and maybe its a...

Really appreciate the instant resort to ad hominem attacks! Nice to know I'm dealing with an adult (sarcasm there in case you do not have the capacity to read in between the lines). Let's talk about your awesome buddy ... what's his name? That's right, Santorum. A bona fide presidential...

Talk about a weak response from you... Religion has been the direct cause of soooo many wars and bloodshed over the centuries its disgusting. If you had grown up even 200 years prior, any *heretical* statement would've gotten you hanged/burned. Guys were executed for believing the...

In all three cases, I believe you can sign up for the wine club and they'll send you shipments. In the case of Rideaux, you can buy the Pinot directly online and they'll ship it.