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If you don't know what an Independent System Operator is or why it matters what ISO you're in then you have not even the faintest idea how electricity markets work. If you want to just throw money into something I'd recommend binary options maybe? A lot less work to set up your account and the...

That's kind of like asking why was there no uber before uber, or twitter before twitter. Because no one had the combination of vision and willingness to invest the effort to make it happen. Sadly this is probably one of the few realistic ideas proposed by the guy who seems to have both those...

And keep in mind the Gates Foundation has a somewhat ambitious goal of eliminating a number of diseases from the face of the earth, which is where the "a-priory" chunk of capital is going, not to paying market salary to attract high quality individuals. There is a world of difference between the...

I think his point is that one writeoff, even from a large portfolio, absolutely kills your returns. Seriously do the math on what happens when one loan becomes nonperforming before you invest here. You're absolutely not getting above market risk adjusted rates with this peer to peer lending, and...

Um, you were you around in 2008? They're all still in business. That pretty much answers the question.

OK, take a look at Jake Harriman (http://www.nuruinternational.org/about-us/team/). Decorated Marine special forces, Stanford Graduate School of Business grad, non-profit employee. You're seriously going to tell me this guy's "mediocre"! That he isn't the "same quality of talent"? And most of...

OK, the employees duty is to the corporation, the corporations duty is to the shareholders, by transitive property the employees duty is to the shareholder. So no, there isn't a "big difference". But semantics aside, any way you look at it the fiduciary duty of a for-profit rating agency is not...

I think there is widespread confusion here both on the concept of a non-profit and the concept that there are humans in the world not motivated purely by making large sums of money. First, it seems obvious but non-profit employees are not volunteers. In fact non-profits like the Gates Foundation...

So you're saying the SEC enforcement division, whose job it is to enforce insider trading laws, are "envious bureaucrats, with career advancement motives"? So what is it, do you want them to do their job or not do their job? If they don't do it, they're lazy bureaucrats. If they do, they're...

Not sure what that even means?

Let's break this down. You make a bunch of stuff and import hardly any stuff. Your economy goes down, it doesn't impact anyone else's exports, because you don't import much. Presumably the stuff you export becomes cheaper, since sinking economies mean fewer jobs and hence less upward wage...

US was concerned about Greece because it's part of the EU and represented a potential unwinding of the euro monetary union. You may or may not agree that this was possible, but it was the reason for concern in the U.S., not any linkage between the U.S. and Greek economies. It's apples and...

My bad, it was heiasafari with the "Realized vol is almost always lower than implied vol (except on rare occasions)" comment.

I think you're talking about risk free arbitrage and I'm talking about abnormal returns. Simply consistently selling an overpriced asset, which options would be if realized vol was consistently lower than implied, would generate abnormal returns. Still curious as to your source though on the...

If realized is predictably lower than implied then options are predictably overpriced and you could obtain abnormal returns selling them. The literature certainly doesn't agree with your assertion except in a couple well defined areas (otm s&p 500 puts are one example) and its something thats...

I do not think that word, true, means what you think it means!

If realized vol is predictably lower than implied you just invented a money machine, no?

Absolutely. In general an LLC is going to do nothing for the OP.

If you're a good quant you don't have this one edge you spent years finding and you have to guard with your life once you find it. If you're a good quant you're good at the process of finding abnormal returns, constantly. Many only last a short time, so you're always looking for more and finding...

Normally I'd be the one pushing that perspective, but actually there is a growing consensus in the literature that fat tail risk isn't priced into options, so the OPs strategy is sound from an expected value perspective. The reason it isn't arb'd away by funds is that it may take a few years to...