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    unfairness in trading ecosystem

    we can go more into the semantics if you'd like, but the main points to address are: (a) the whole reason facebook's ipo was seen as 'failure' by public was because the price/ market cap fell for months after the stock opened on nasdaq for trading (b) at their ipo in 2012, the market...
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    unfairness in trading ecosystem

    i think it still depends on when/what price people got in with the private shares though like when they call an ipo 'unsuccessful', my impression is they mean it as euphemism to the 'bagholders' who were stuck with the shares after they bought from retail bank like 3 days before public trading...
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    unfairness in trading ecosystem

    over these past few days it seemed like the college bribing scandal was reported everywhere, & ppl generally seemed 'outraged' at what was probably an open secret in some circles i remember reading one of the reports and they cited the capuchin fruit study as an analogy to how anger at...
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    career longevity

    yes, the diffusion component in machine learning is quite noticeable nowadays it's like when deep learning first entered public consciousness in 2013, there were reports of bidding wars for top hires, even at startups then nowadays you get clickable ads for data science bootcamps on various...
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    career longevity

    good stuff, i'd only taken a few comp sci classes way back when (very theoretical approach), so just wondering from your perspective in professional software/tech: - in a field like tech, which seems quite meritocratic on the outside, how much does technical expertise matter in one's career? i...
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    career longevity

    agree depends i guess, i can think of a few times in my past when i'd rather have chosen the money in retrospect
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    career longevity

    that's actually a good topic for side-discussion as well -- re luck, it feels like the secret sauce that takes some top 5-10% programmer (according to a coding challenge website anyways) to zuckerberg/fb level results it'd be good if someone 'cracked' the code on luck (more precise, not just...
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    career longevity

    so recently there was a flurry of articles in the news how it's the 10 year anniversary of the march 2009 lows on the S&P etc, and just as the landscape of leading stocks/ companies have changed since then, i think the same could be said of people's careers even some of the top luminaries in...
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    Happiest memory (thus far) of trading?

    interesting perspective, just curious: - after your best month, did you feel like it could be replicated? or did it seem like a 'perfect storm' in the markets where everything had to be aligned? - the people who made it in 1 week/ lost it all in 2008...what are they up to nowadays?
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    Happiest memory (thus far) of trading?

    lol, that sounds rather nebulous
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    Happiest memory (thus far) of trading?

    i've heard stories of how floor traders sometimes stake each other with new seed capital if a black swan event or something crazy like 1987 happened- was that true from what you've seen? that sounded like a good insurance policy, although the pressure must have been a lot greater though are...
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    Happiest memory (thus far) of trading?

    lol, not necessarily, i'm sure some who lurk here on ET are pros, possibly trade on behalf of large portfolios where the $ amount avg. vol per day is rather high, and anyone doing that for some time would quickly get used to the back & forth. so just talking about dollar amounts isn't all that...
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    Happiest memory (thus far) of trading?

    so with trading being as competitive as it is, it's inevitable that there'll be ups and downs along the road. there's never a shortage of 'horror stories' in the news/ social media etc, but what about people's happiest memories in their trading journey to date? doesn't have to be something...
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    When they find the real ET/aliens, is it going to be bullish or bearish for markets?

    yeah, my theory is that 'they' - as in the ETs - would technically be the 1st to "reach out", bc even with SpaceX and Blue Origin's advances, etc, it still seems quite far off for them to actually have vehicles that travel light years/to the edge of known space though which then maybe raises...
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    When they find the real ET/aliens, is it going to be bullish or bearish for markets?

    what with gravitational waves being discovered and the oumuamua incident not that long ago, how do you think the markets would respond when they find/announce the real extraterrestrials? just saw the trailer for men in black 4, so that got the thought going if they decide to do a V-shape...
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    How technical do you think Warren Buffett & some of the other Wall Street legends are?

    yeah, they're not "invincible" by any means - just wondering what kind of special expertise they got to rise head and shoulders above all the rest who are superficially more well-versed in traditional topics
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    How technical do you think Warren Buffett & some of the other Wall Street legends are?

    lol, sounds a bit like zerohedge..i remember there was a news story that came out on some hackers who tried accessing M&A documents from law firms, and they helped disprove strong form efficient mkts hypothesis before being shut down
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    Is Trading the most intellectually stimulating/challenging thing you have ever done? What is #1?

    good stuff, lol, are you one of those ppl who read math textbooks for fun?
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    How technical do you think Warren Buffett & some of the other Wall Street legends are?

    ok, so after watching a recent CNBC interview with Warren Buffett, it just occurred to me that his public speeches / media interviews tend to be fairly non-technical, in both senses of the word: 1) easy for laymen to understand - not a lot of jargon or accounting specifics, etc 2) fundamental...
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    Is Trading the most intellectually stimulating/challenging thing you have ever done? What is #1?

    In the Trader documentary, PTJ talks about how he got into trading because in his younger years he liked the stimulation from playing games like backgammon, etc, and a buddy of his introduced him to trading Since that time in the late 1980s, there have lots of advances in the field, esp. with...
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