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I don't know if these have been posted here before or not, but I just sumbled across this site today and I liked Baron's Rules: http://fiverulesforlife.blogspot.com/2009/01/submitted-by-baron-robertson.html Here are Baron Robertson's (Founder of Elite Trade) "Five Rules For Life": 1.)...

It's up again in San Diego

Down for me in San Diego too. I can't even load their website's homepage.

I think its kind of sad. There is an untold story of extreme human tragedy behind that gold. 1300 years ago, someone new something catastrophic was coming into their little world, so they buried their wealth in the ground, hoping that if they survived the catastrophe, they'd be able to...

Comparing an American Bank C.E.O.'s pay to an Chinese's is silly because most of Jaing's "real" salary won't be coming from his official paycheck. In a country like China, the value of attaining a high position in a bank comes from the ability to use the position to collect profits from...

A credit card protects you from identity theft more than a Debit Card. I'm pretty sure that your maximum liability if your credit card number is ever used fraudulently is much lower than that for a Debit card, and the time period for reporting it stolen is longer as well.

Wow, that is a really good point.

You should expect a brick-and-morter business to have better margins because the barriers to entry are higher than for daytrading. Any idiot, can put together 25k and get into the "trading business". This means the competition in trading is intense, and most competitors in the trading business...

I downloaded the .avi from zero hedge, but it is only playing the audio. It shows no video in Windows Media Player. Is there a separate codec I need to download to play this file?

I'm not saying exactly that Sharpe and Sortino have different levels of reliability. I'm saying that for the same number of samples, you should generally have less confidence that the population Sortino looks like the sampled Sortino , than you do that the population Sharpe looks like the...

You can't know what the underlying return distribution is going to be. The whole point of computing things like the Sharpe or Sortino, is to try to estimate its properties from the returns that have evolved so far. Your confidence in this estimate is dependent in part on how many samples you...

You may use an equal number of samples for computing both the Sharpe and Sortino ratios, but you don't use an equal number of samples for computing the denominator of both ratios, and that is extremely important. When you multiply or divide one statistic that is determined over a large number...

The problem with measures like the Sortino Ratio that only use downside standard deviation, is that when you throw away the upside returns, you reduce your sample size and therefore the confidence that your calculation actually reflects the underlying process. For example, if your strategy...

It's common for a trading strategy to be backtested with an opening or closing price, so in order to follow such a strategy exactly as it was tested, you need to get the exact opening or closing price, which you can only do with MOO, and MOC orders.

My understanding is that the F-22 is a superior "dog-fighter" to the F-35. The F-35 is intended to be a more general purpose fighter for use against both ground and air targets by multiple branches of the military. The F-22 is still the best at shooting down other aircraft. I think I read a...

The insider trading charges were probably politically motivated. Mark Cuban had been a vocal and public critic of the SEC prior to the charges being brought against him. Keep in mind, that at the time the charges were being brought against Mark Cuban, multiple people had allready written to...

Things did not get better because the government working with unions passed laws. Conditions for workers got better because capital investment increased the value of a unit of labor, and thus employees could demand higher pay. For most of the history of mankind, people have lived in poverty...

I think the problem is that for most of the jurisdictions you'd want to live in, there are treaties that allow the IRS to still get to you and your assets.

Uh yeah it is. Capital investment increases the value of labor. Total capital investment generally increases over time. As the total aggregate capital investment rises, so does the value of a unit of labor. This part of why a certified operator of a backhoe gets paid more than a guy digging...

What exactly is a "public service" job? I know lots of people who work for the government....many of them call their jobs "public service". So is this just another scheme to add yet one more fabulous tax payer subsidized benefit for government employees?