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age is not a protected class except for old people in the workforce. It’s legal for private businesses to discriminate based on sexuality. This was our VP’s signature legislation while governor of Indiana. In fact true conservatives should be attacking those laws that prevent private...

The fed is owned by the rothschilds

In the effort to dumb down a market effect, the quote is conflating two issues that are unrelated. Technically an option's underlying is the forward. For most underlyings the forward is close to the spot price. Only in the VIX is the forward often way off from the spot price and this is because...

China is preparing retaliation by hitting industries in red states.

When Bobby faked his blow up to rile everyone up, it ceased to be a journal.

Gotta be fake. No way a 2percent move in the SPX and nothing crazy in other market would cost him 60k unless he was running like 5mm notional. If he was running that much risk he should have been up a lot more than a few thousand ytd. Either it’s a wind up or sweet bobby is a terrible short...

If he has cash in his account he will either earn the sweep or he can buy an interest bearing instrument to earn libor. This is his opportunity cost. American option means it might be (in this case more likely than not) for the long call holder to exercise.

You receive 16 cents for the collar. But will pay at least 40 cents to finance this (assuming you work at a large bank that funds at libor). so you are in the hole 24 cents after financing costs. If you get the div of 42 cents, then you make 18 cents. If you don't get the div you will lose 24...

What does the vix being European have anything to do with anything meaningful?

American vs European has nothing to do with anything.

The Mighty Steven Hawking:

He couldn't make it about "black" and "white."

I just read Prop 13. It seems like a tax cut that has caused a housing shortage! I can't move to the Bay area as my business is in the east and Midwest. But I have always wondered what the allure is that it's become so bid. I was in Miami a few weeks ago and I get that - it's just a playground...

In my town a (red area in a blue state) a lot of women, despite being offended at trumps mysogony, voted “as a family.” It didn’t change anything in my state but I thought it was interesting the number of times my wife heard that in her conversations.

How does the food compare to New York? The weather is a positive. I’m trying to figure out if San Fran has become overbid. Virtually everyone in my wife’s bschool is now in San Fran. For 2mm those houses should have Miele coffee makers and wolf stoves. In NYC the prices are high but because of...

They are basically non-enforcible. You can’t steal secrets and if you actively solicit clients you might be in trouble. But if your clients choose to go with you, that’s not your fault. That’s why rule #2 is really take care of your clients so they want to sign with with you and not because of...

Ok. If you say so....

I was looking at houses in Sunnyvale today. Is it really that good of a place to live?

You would know better but I was told by another Silicon Valley guy that it’s common for vc’s to ask founders to take some money off the table : enough that they won’t make short term decisions that can affect the long term opportunity of the business.