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You're suggesting the Chinese are losing money? :)

There is a fundamental logic error with this problem. If I understand it correctly we must find the initial bet x such that, if you start with a $100 bankroll and double x each time the coin comes up heads (a win) you must achieve a final bankroll of $200 *IF* you win, where winning is defined...

An entertaining mixture of science, pseudo science and nonsense.

Both Handel and Sir Isaac Newton were wiped out by the bursting of the 'South Sea bubble' in 1720. However, it looks like Handel had recovered quite nicely by the time of his death.

Like an MBA maybe? :)

Yeah that $5000 has now been cut to $49, tonight only :)

Well, it's a shame everyone can't be like the Americans, who for centuries have treated their ethnic minorities and indigenous people with impeccable justice :)

All these passionate discussions about illicit profits made by the big securities houses fail to highlight one vital point: overcharging. Fees & spreads paid by funds for buying and selling blocks of shares on either the primary or secondary market are not only made up by the IBs but TOTALLY...

373 years old? Just think, their asset management team survived the tulip craze, south sea bubble, railroad bubbles, 1929 ....... This one is no big deal :)

What do you mean by win rate? The proportion of trades that are profitable? Well, the very best TF systems have a very low proportion of profitable trades (maybe only one in four or five) but those few trades that do make money make relatively huge amounts, pay for all the losses and make...

It's a combination of the two. A lot of people just get bored having all their cash on deposit. And there's a whole investment industry out there happy to alleviate their boredom :)

The only logical answer to that is that the serving popcorn jobs will see their pay rates drop to below $8 per hour to reflect the fact that manufacturing is harder and takes more skill. What is 'middle class' anyway? What's the point of earning a large salary if a large amount of excess...

Surely production itself will just move to whichever location has the lowest total cost for a specified quality of output? R&D gives you IP ownership and the right to manufacture where you want. If workers' pay drops significantly in the US then it will once again become a competitive...

Every time there's a recession people ask where the new jobs are going to come from. We always think "'it's different this time". It's NEVER different. Markets always provide the answer in the end but you'll never be able to predict what it will be. That's how capitalism works. Stop...

Unfortunately 'common sense' has no real meaning in the world of system trading. The best systems spend the majority of the time losing money and make money in short sharp bursts. You need to be comfortable with a completely counter-intuitive way of thinking. That will generate the big profits.

SocGen? Yes, the French have a way of re-writing history so that the whole Jerome Kerviel episode never happened. Great risk management all round.

That's right, blowup=no more blow jobs. That's if she ever gave them in the first place..

If I had said that traders on average earn much more than doctors then yes that would be nonsense. The variance of traders' income is enormous compared to medical salaries, and the distribution is obviously skewed by a tiny number of massive earners at the top. That's why there definitely...

"ridiculous statistics, even if true" - this has to be one of the most quotable statements I've ever read. Even on ET, which is saying something :) Anyway 5% could well be wrong, it may be 1% or even 0.1%. But most people get my general point. And I am talking about the entire trading...

Well, you did mention lack of time, so I thought I'd make a helpful suggestion. Logically, if most of the answers you need are to be found in specific books (I've read MC's books and can tell you they will answer most of what you're asking, with a fair bit of propaganda to boot) it might be...