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It's pretty hard to find a good programmer when I offer them $150 an hour plus full benefits plus options in a company that is already very profitable and the leading firm in our niche. I'm almost always looking for someone and always at least one person short or more depending on how fast I'm...

I've started a couple of those kind of startups, you don't get software developer to work for equity until you've got a developed product with traction or outside funding, at which point you don't want to dilute your equity and can afford to pay them. Never in a million years will you get a good...

Thanks for posting the actual quote. Standing at a Trump rally in a Planned Parenthood T-shirt is a far far cry from "paying thugs to disrupt Trump rallies" which AAAintheBeltway and lots of others are certain the email stated. Sounds like the "thugs" were the one's willing to become violent in...

There are only two regulate binary exchanges in the U.S., Nadex and CantorExchange, which is the point I was responding to. There are a number of Forex brokers, but they are not CFTC regulated.

No, there isn't. Again, I'll be happy to provide you a Quantopian backrest to show that if you rebalance the portfolio daily so the long 1x is returning the percent daily change the same as the 3x or inverse there is absolutely no "decay" beyond the fees for each ETF which a very small. Contango...

If so he's still not correct because CantorExchange is also CFTC approved.

That's such an insightful and intelligent post, you've definitely raised the level of discourse and made people think, you should be so proud!

How could you possibly know that FIX was created by "cheap foreign talent" when you clearly don't have the first idea of what it is? FIX is an acronym that stands for Financial Information Exchange, and was built by Chris Morstatt and Bob Lamoureux in 1992 for exchanging trading data between...

I think you may not be clear on the whole criminal justice system here in the U.S. You know, that whole pesky 6th Amendment thing, where we have investigations to find out if we have any evidence of a criminal act, then if the investigation finds anything, grand juries to decide if the evidence...

Just look at what the indexes did when the investigation news was released (hint, they tanked). Buy VIX futures or go short the indexes if you think Trump will win. Really VIX futures are the safest because then you don't have to guess if the markets will like or hate it, you just know it will...

Autodidacts sometime produce the best insight because you come at things from a different perspective, so great to have people like you both interested in the subject and contributing. R-finance is great, although probably like you it often launches me into a day of re-learning something I...

Actually I understand statistics. Which means that if I determine that an event has a 10% chance of happening, then it happens, it doesn't mean my determination was wrong. If I determine that something has a 10% chance of happening, and that same thing happens over and over at a 60% rate, then I...

JackRab, it doesn't sound like he grasps that concept, among other fundamental ideas.

Thanks, that's actually an interesting bit of history. We can only hope that SSFs finally have their day in the liquidity sun after a similar largely failed launch. I don't see how they can even afford to keep the infrastructure for them up with their dismal volumes.

Your broker can report things how they see it, but they're not always correct in that reporting and don't really have a fiduciary duty to you to be correct. So never take your brokers word on any tax treatment, if you don't have expertise in it take it to someone who does.

Like every advanced STEM concept, statistics can seem meaningless if you know little about it. Take a couple statistics classes, there are plenty of great MOOCs that are free. Then you can productively contribute to conversations that require a basic understanding of statistics. Until then...

Thanks, interesting read. I think there is some conflation there between parts of an industry that are pretty important to clear up. I'll speak to electric utilities because that's my world. There is a natural monopoly in power distribution lines to the home and the operation of the distribution...

The Bell company started in 1877 and it and is successors had an effective monopoly on phone service until 1984. Disruptive cell service didn't come around until the late 1990s at the earliest. So essentially you would have had to have waited for over 100 years until technology bailed you out...

I look forward to that. I know it's not fair to hit you while you're thumb punching on your phone, but I would point out that the communications industry is heavily regulated now precisely because of Bell, it wasn't at all regulated when the grew to become a monopoly which most maintain is why...

I simply asked you to provide a specific example of a regulation that made Standard Oil, Bell, or Microsoft obtain a monopoly. Let's be generous and say Microsoft didn't have a monopoly, what can you provide for a specific, concrete example for Standard Oil and Bell? Since you don't know the...