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Escorts. Many similarities in our professional lives.

Various reasons, but in most cases is boils down to the size of the opportunity vs the required effort.

@destriero I was involved in one of the tranches and recall looking at the total position in detail around 2009. The losses were somewhere in the 5.5bn range, but not 8. FWIW, these things are still haunting the dealers that took these trades down, due to their exotic nature.

It's much broader than that, once you start digging. For starters, there are true arbitrage situations that do arise and that do not get arbed away by other market players for various reasons. Then there is a matter of structural mispricing due to things like regulation, market access etc. Also...

Of course, I can't compete with you in terms of basic economic knowledge. After all, you are "a thinker" and I am just some guy :) What makes you think that UBI is going to be "printed"? The idea is to reallocate the money spent on the current safety nets (and, hopefully, various subsidies) to...

If anything, modern central banks are pretty good at getting rid of inflation. It's painful but totally doable and it has been successfully done in the US and multiple other developed countries. Deflation is much harder to control and You can't stop progress. You can either adapt to it or get...

You can make all sort of "psychological models" you want, but UBI does not alter the money supply. Nor does UBI change the value of anything. It's simply an alternative way, for better or for worse, a way to reallocate tax dollars into a social safety net. Considering the various government...

-- Because you know what happens when the commies take over? -- The first thing they do is shoot all the lawyers!

How do you achieve that? Do you look at fundamentals, positioning etc?

I want that space suit picture!!!

Supposedly, there are historical dataset for some futures markets that have the Tag50 ids for each order (I recall reading a paper that was using it to impute some improbable sh*t). Even that sounds like a massive gold mine unless it's very old.

"The secret of a great fortune made without apparent cause is soon forgotten, if the crime is committed in a proper way."

While intriguing, faking your own death in the modern society is virtually impossible, IMHO. More importantly, he would not be able to retrieve money from cold storage undetected, which would defeat the purpose of faking death.

Every time I find an errant 20-dollar bill before doing laundry, I recall this quote "Le secret des grandes fortunes sans cause apparente est un crime oublié, parce qu' il a été proprement fait." --Honoré de Balzac

I encountered similar issues with Russians too, for what it's worth. It's a cultural thing. Some cultures feel that intellectual property is not really tangible and see no problem with stealing it.

OPM

While I respect the old timers, pit trading had very little to do with actual trading and more to do with ripping off clients faces. I am so happy that business model is going away.

It's not about the fractional short interest, it's about the availability of stock to borrow. A lot of institutional investors and other big holders do not like lending the stock because that depresses the stock price. So the short interest is low and short rebate is high for stocks with high...

:mad:

If there is a wealth tax, I think we will see wealth flow into things that are hard to price. If there is a high bracket income tax, we will see a bid for things that increase tax efficiency (e.g. div stocks will underperform the growth stocks on beta adjusted basis).