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Edge, imo, is a 'guaranteed' way to make money (positive expectancy, etc.). It says nothing of the volatility associated with capturing that edge or of the expected return. IMO, the RFR is an edge. Investing in a 5,10, 30yr treasury is an edge - it's just that there are more profitable...

This is the key point imo - to me this says he spent his time coding other people's strategies and never spent time developing his own. The fact that he worked in trading is irrelevant, this appears to say he just spent his time coding (could've been any other industry). Maybe I'm wrong...

ehhh:eek:

Haha, it's just legal team arb - as in my legal team is better than yours, so eff off.

Anecdotally, I'm also told it's a very systematic career path (medicine). This can be a negative if you're caught on the wrong side and is also very political in nature. Practically I don't know how true that is. ...imo, I'd be more interested in the private field of medical...

For not following your own plan? Weren't you calling for 140, minimum? Nonetheless, nice job, don't worry about respect, just be happy with the p/l:D

Well, if it's philosopher it's gotta be Soros - like him or not, he philosophized the sh!t out of the markets:p

No. Most of the real investment management houses that manage significant money consist of smart people doing what they say they will. Asset management is different than trading is different than banking. ...there are obviously some who don't know what they're doing, but that's no...

HF Poker Bots?

What does SPY have to do with your QQQ put - were you trying to hedge SPY with QQQ?

Can't really help you on Last Price, but I know that Mark Price played for the Cavs and was pretty good at free throws.:p

I would probably worry less about convexity and more about tax implications.:)

...I have no idea, but can I plead for you to leave a little for me?:p

I know you've mentioned this book before - so I was at B&N yesterday and picked it up. Haven't been able to put it down since and am nearly done. It's really, really interesting/insane/informative. Good suggestion:cool: ...also it's interesting to compare the portrayals of MF in this...

Exactly.:) Then what about a coupon bond that pays 2% or 20% coupons? Now, you should be starting to get the idea.

What if you think of duration as the length of time it takes to repay the price of a bond with its cash flows? Consider a $1,000 par zero coupon bond that matures in 4yrs. It takes 4 years to recoup $1,000. What about a $1,000 par bond that matures in 4yrs and that pays a 5% coupon each...

Haha, nutmeg for President!

True. I'm also surprised that coming from Sarah Lawrence she's not looking for a Sugar Mamma (or maybe she's doing both and the article didn't specify).

"I'm not a whore. Whores are paid by the hour, can have a high volume of clients in a given day, and it's based on money, not on who the individual actually is. There's no feeling involved and the entire interaction revolves around a sexual act," Haha, that's an interesting distinction.:p

Risky?