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    Trading So You Can Have Control Of Your Future ?

    Go into sales. It'll be more fun and you'll make more money.
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    One for the ages: I owe Etrade $106k, ouch.

    Yeah, I would wait for the broker to sue. By the way, if this is true, he was not short the entire account, he was short about 8000 shares, or $16k before Shkreli made his move. So he was short just $16000 in a $37000 account.
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    NYSE to eliminate "stop orders"

    I wonder who wants this. banks? hfts? regulators? big investors?
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    What is the most important mathematical idea in stock trading?

    I'd say the power of compounded returns and the difference between arithmetic and geometric averages.
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    The Uberization of Money

    "Imagine instead a simple online interface that could generate a tailored credit score for you, taking into account your future earning potential based on your education and location. " So the future of banking is redlining on steroids. I don't think all the Obama donors in SV realize how...
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    The Mathematician who Cracked Wall Street

    None of this is true. It's well documented that Rentech violated leverage limits. It was running at 15x leverage when hedge funds are limited to, at most, 6x leverage. Rentech in effect was running an unregulated broker dealer fronted by the legitimate broker dealers. If Simons had some special...
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    The two faces of Airbnb

    I bet you that was funded by hotels. The proposition on the ballot in SF was funded by the hotels. The fact is that AirBnb is relatively small compared with VRBO and Homeaway. The difference might be that Airbnb is a new source of supply whereas semi-pro landlords have always rented out rooms?
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    the future of financial media

    Twitch started as Justin.tv, with a camera on Justin's head or something. So you never know. I think there's demand out there, but not for this.
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    the future of financial media

    Remember Metamarkets? this could be worse. https://www.youtube.com/channel/UCg7uUwPf4ireUWWqtzfJFag/live
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    Which asset will do well in a rising rate environment?

    Any franchisor collecting a royalty that is also heavily indebted - Dunkin Donuts, McDonalds, Jamba Juice, Wyndham (motel franchising).
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    Thoughts on crude

    Natgas might be a better bet. Optionality from weather events and scraping the bottom of cost of production, plus increasing demand.
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    The Liquidations Begin: Three Hedge Funds Shut Down After Summer Rout

    It looks like novogratz was an inflationista . . . expected fed hikes, long china and brazil, expected big increase in labor inflation in US. just another inflationista taken out by the unrelenting deflation. I looked at his results a few months ago (it's in the fortress 10k's if you go back...
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    how did the draftkings/fanduel employees cheat

    well it's gotta be illegal to bet on your employers site . . . so it had to be on the other site.
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    how did the draftkings/fanduel employees cheat

    I didn't read any of the stories. Did they copy the bets of the smart money and then bet on the other site? Is that the inside info they had?
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    The Radical Implications Of America's Dirt-Cheap Natural Gas

    Henry got $456M for reposting that from some dude's blog.
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    Managing 18000 rental homes not so much fun, it turns out

    Not so sure about that. Total investment in properties is $2.2B. Total rent revenues last quarter was $46M, annualize that it's $184M. So they're not even getting 10% yield on the properties before expenses and depreciation. FFO yield on the real estate is about 2.5%. It's hard to compete with...
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    Managing 18000 rental homes not so much fun, it turns out

    It turns out the houses do trade on the stock market, under SWAY, the acquirer. So here's your chance.
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    Managing 18000 rental homes not so much fun, it turns out

    I think a lot of the homes were bought blind and with the idea that they would be flipped to the public in an IPO. That's not going to happen, and managing all of those houses is a nightmare. There is a reason why managing residential rentals is for semi-wealthy retirees who have time on their...
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    Managing 18000 rental homes not so much fun, it turns out

    http://fortune.com/2015/09/25/housing-wall-street-investment/ Earlier this week, two of the bigger residential real estate investment funds, Sternlicht’s Starwood Waypoint Residential Trust and Barrack’s Colony American Homes, announced they were merging, in part because neither of them were...
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