Search results

Most of the college kids I hang out with seem to prefer Taco Bell; they have a nice $1 menu with great value. Nice thing about McD is that you know pretty much what you're going to get. I tend to eat there while traveling. I suppose if there were more Taco Times I'd go there instead. As far as...

Sweet! Congratulations! Good luck and good hunting!

Yeah, my best predictions are the ones for what's going to happen 1000+ years from now. Here's one: Sun expands and makes earth too hot for life, in about 7 billion years.

I have no idea what "play out naturally" means. I think the Fed is doing an extremely good job; inflation is still low but US growth is better than our trading partners. And the Fed had to do that despite a US president who is a complete idiot and has done everything he can to scare the bejesus...

This is very little change from the present usual practice of banking and will certainly have no effect on the boom/bust cycles (which are due to the human tendency to imitate each others behavior). Boom bust cycles predate the invention of central banking by hundreds of years. The business...

Thanks for the link. Edward Thorp is a pretty good definition of "edge". I heard him give a talk at a local APS physics conference when I was a physics grad student at U. Cal., Irvine. He taught there. My recollection is that at the time (perhaps 1985) he had made something less than $100...

To a certain extent, the awful situation in Yemen will help convince a lot of people that "maybe their current situation is actually better than a civil war".

I wasn't going to comment for a week but this is just too rich. The clue that global warming alarmism is part of a religious belief is that it can be used to explain anything. You could rewrite this as "Our evil use of fossil fuels is forcing our women into prostitution". Instead of "God did...

And the revolt in Yemen is a Shia revolt instead of ISIS (which is Sunni). But it's the Shia that Saudia Arabia is afraid of, not the Sunni.

Thought I'd bring the thread back to life what with activity in Yemen running the price of oil up by a small amount.

Of course you can't determine where the market will go. But by looking at the size available at various prices you can get an idea of how hard it's going to be to get out of your trade if you're on the wrong side, or how far it can easily move if you're on the right side. This gives you a better...

I can sorta vaguely remember being very young and naive once so I have sympathy for you. In fact, I can recall my first attempt at getting a job with a resume was a complete disaster probably for similar reasons. Let me try to argue for a different way of looking at the interview interaction...

I'm sorry to see you temporarily banned. I'll leave the subject alone until you get back.

It seems to me that being honest in interviews is naive at best. Are you honest when you play poker? No one expects you to be honest. To survive as a trader you're expected to price things according to what the market will bear, not according to what they're truly worth. But if you do insist on...

I've known so many more or less successful traders who don't know what a "martingale" is but still are able to comprehend some sort of risk management. I would jump on hiring a math student who cared about trading (but of course I know no one who is hiring). But I think you will find a job if...

The big advantage young traders have is that they can usually arrange for their living expenses to be incredibly low. Get a crappy part-time McJob (weekends only) and keep practicing trading. Even if it doesn't work out you'll still be young and you'll have a great story for later, when you're...

Very good, you understand at least half the argument! At the extreme, there are two alternatives, both of which can be described as "ridiculous gambles": (1) Allow the burning of fossil fuels to continue thereby increasing CO2 to even higher values. (2) Ban fossil fuel usage even though the...

Of course! What's your point for bringing this up? Of course science agrees that temperatures have been rising. Sure you can find "researchers" who disagree but that's not mainstream science. Apparently you didn't read the transcript to the APS workshop I provided. The other day I found two of...

Note sure why it is that you think this is a convincing argument. Yes, CO2 is an important greenhouse gas. Yes, of course raising CO2 causes warming. Wrong. The number that is under debate is "how much warming". If the increase in CO2 causes a very small amount of warming there is no...

The reason you haven't already heard of this from your own side is that they are very careful about what information they leak to their believers. For example, here's the "Skeptical Science" report on the Koonin article at the WSJ: The Wall Street Journal downplays global warming risks once...