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The overwhelming majority of those "studies" don't recognize that many "active managers" are closet indexers. It's probably a good advice that benchmarking should be the default choice, but there is no excuse for the investors with enough resources to point fingers at those "studies", shirk...

Garbage article. How is demonstrating two themes that we all know about (FANG stocks and low oil prices) predictive of returns for a group of funds?

Cannot be commercialized? What an obsolete quote. Corruption is rife from Ilyumzhinov's pals raking in millions in FIDE to every small cocksucker in national chess unions hosting tournaments for kids in hotels with bugs and billing it as Hilton. Bigger pay-offs for players would help too. My...

a long time ago.. 2005.

Have you changed your views over time or your definition of systematic is different from your definition of a system?

batshit crazy views of forum posters or reasonable views held by a minority? market views: - oil is not capped at 60 by US shale - EURUSD will go below parity cus - Phillips curve works and Fed will hike the shit out of EM - BoJ will recognize their limits and taper - Holding German bunds is a...

Speaking of whales, it didn't work out that great for the London Whale, did it? In your example price will be below the initial 40, but you'll have bought stocks at 40+x when pushing price up, and sold at 40-x. Cashing out calls will be tricky because in the selling process you depress prices...

Buying calls will push the price up, so the stock purchases will be at elevated levels. Selling calls will depress the stock price and cause a loss on the stock position, no? Likewise, proceeding to buy puts will cause more losses on stock position. The success would depend on behaviour of...

the funny thing is that knowing this will not necessarily prevent the person from overbetting for psychological reasons as shown in Ed Thorpe's experiment.

IB not showing you more details on previous sales and volumes has less to do with IB and more to do with the nature of the market. I don't know about all the facilities out there for trading bonds in 2017 but historically the way it worked was contacting a bank and asking for a quote. Some...

The Fed is actually audited to prevent fraud like you just described. Audit the fed has entirely different meaning.

I am happy that you have shepherds to guide you with interesting and useful links, but I was quite explicit that it's trading value that we're talking about. We're on a trading subforum afterall. Does being a billionaire mean your tweets are akin to holy relics that can do miracles for the...

Twitter is a huge pile of shit to sift through and find nothing of value for trading. Personally I see no value in farnamstreet or raydalio tweets that you mentioned. I challenge you to find me a single tweet with some unique market insight on those handles. I guess people find it...

I don't get it. Macro offers the widest range of opportunities with sufficient liquidity to go long or short. It's not large-cap Japanese equities strategy with 100% invested and no hedging allowed constraints where you're at a mercy of broad market movements or Swiss STIR trading where market...

how do i practically access that data in a neat format? Manually downloading zip files from DTCC and every other repository doesn't sound fun. Paying money for SDR viewers isn't a viable option.

40% sounds about right, the rest is services. You can check the consumer spending breakdown on the BEA website under personal income and outlays -> Personal Consumption Expenditures by Major Type of Product. It's 18% healthcare, 17% housing. Transport, recreation, finance, travelling are also...

how and where do you look for the other legs? Would you say that not being aware of big trades like this one or overall having an informational disadvantage by not tracking volumes, OI would hurt your process?

and pay $3.50 by xmas in this contango market.

How do you think the market participants decide that they should put a position there? Do they actually read 140+ pages or trade off a headline? FT said it wasn't likely to pass the congress. Why hasn't it been whole banking sector positive (JPM, GS, MS, BAC, C didn't perform that strong yesterday)?

what market?