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It's still kind of the case in things like uranium, shipping, NOx allowances... More that you can get significant brokerage commission for brokering, but you've got to add real value as a broker which means a lot of hustle on your part. I know guys with high school degrees easily making 7...

It's the personal opinion you take out of it when you you're intellectually honest with statistics. There's no relativism here. If the current rate shows the EXACT OPPOSITE of an average of the past 50 years, then carefully choosing to quote the rate for the last 50 years without pointing out...

You were also wrong about the suicide rate. The 2012, the suicide rate in Denmark was 8.8 per 100,000 (http://www.ncbi.nlm.nih.gov/pmc/articles/PMC3367275/), in the U.S. it was 12.1 per 100,000 (http://www.who.int/mental_health/media/unitstates.pdf). If you look at the average suicide rates over...

Agree that junior finance jobs and time with your family aren't phrases usually used in the same sentence except in resignation letters! I do have it on my long-term to do list to build a FFT/Kalman filter based system to look for periodicity in the higher frequency range. Weak-form market...

I think you're talking about making a living trading your personal account and the OP and I are talking about getting a job in the financial industry. I suspect you and I agree you will have a hard time doing that if you can't explain CAPM if asked. I've also seen stunning displays of finance...

One wonders how much these guys are running to think a hedge fund would waste their time tracking down their strategy and front running it. A little humility regarding an individual trader's impact on the world would go a log way towards dispelling this kind of thing.

Only on ET would someone advise a person switching to a finance career not to take any fiance courses! Let me explain how that sounds to a pilot. So, you want to be a pilot? I advise you not take any flying lessons or aerodynamics or meteorology classes. Spend some time on MS flight simulator...

Security through obscurity!

I too switched careers from pilot (military) to entrepreneur in the fintech area after getting an MBA. If you have a bachelors of any kind and want to go back to school then do an MBA. Absolutely no reason to get a BS in finance, even the top 10 MBA programs have what we called "poets" with...

You did notice that you started out essentially saying not to worry because Congress runs the country and the President can't do much. Then went on to describe how everything you think is wrong in the world is the fault of the current President. Who was of a different party than the one that...

Assets = Liabilities (debt) + Capital (equity). The article was very careful to use the term assets, not market cap. Not too hard to put together a real estate investment company that ends up with $250B in assets especially in a country with a housing bubble going on, even if they have a...

I could find 100 U.S. companies that went from $10M to more than $250B in assets in 10 years. Do you have a reason to think there's some malfeasance going on here, or just the change in assets?

So I hear broad consensus that VIX is a buy in Oct?

Are you talking SPX calls traded on CBOE? What is it about the IV that's odd?

I’ll provide an answer now that we know enough to answer your question. 1. Stop using third party trading platforms. 2. Find a broker with API access, InteractiveBrokers is probably the most used by hobbyists so you can find the most support info from others on the web, but the brokerage...

If you've got something worth spending $100K to protect then I'd submit you should be writing your own code or paying someone to write it for you if you can't, and ask why the heck you'd even consider using the tradestations of the world! No one is asking you to justify anything, that's being...

And yet you were still far better off financially in Germany in 1925 than if you had been in El Salvador, for example.

That's pretty cool. I found the concentration in Philly to be a bit unexpected, even if you take the Wilmington one's out.

I actually have a survivalist friend who keeps a store of Jack Daniels for exactly that reason, and he doesn't even drink. Overall I think he's batsh#@t crazy about the survivalist part, but I can't deny the logic of the JD!

Buy gold. When everyone's starving, they'll certainly give you food in exchange for your bits of yellow metal.