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So it is true, shepherds do engage the members of the flock! PS. I think the story says volumes both of them and you should be happy you got away...

Well, remember that almost everything you buy is a depreciating asset. So it's a balance between quality and cost. A $1000 pair of shoes will last you 10 years and look real nice, but so will a $300 pair of shoes. Not everyone trades from home. In fact, most traders that can afford nice clothes...

It's hard for me to say since technically I am a member of said coastal elite. In the short run it's going to be destabilizing, obviously. However, in the long run the coastal elites will emerge in a better shape when the fly-over freeloaders get off the wagon :) I don't know if the decline of...

Off-topic, but I just had a business idea - a divorce litigation fund!

The guy put a lot of effort into being frugal. It's probable that he would have done as well or better if he had directed it toward starting a business or finding a better job instead. One of the things you learn as a beginner portfolio manager is that you can't save yourself into...

I bet each one of them had a nice suit in the closet and they jeans they were wearing weren't sold in Walmart for $10 :)

Funny, just recently I was discussing enforced vs implied dress code with a fellow employee. While nobody would officially care if I come to work wearing a track suit, most senior PMs seems to dress up just a tiny bit. It took me a little while to catch up, which says volumes about my social...

Actually, global trade wars have been around for much longer then the decline of the middle class in the US. It's technology that's been reducing the need for lower grade cognitive jobs and thus impacting the middle class. It's only get worse from here as a lot of other occupations will be...

Yes, having a big dog in the NYC is definitely for the 1%-ers :) Main difficulty is the real estate, of course - you almost certainly have to own a place to get a bigger dog and that it not cheap.

Well, this is gonna be interesting again: https://www.bloomberg.com/politics/articles/2017-05-06/french-voters-prepare-to-vote-after-macron-reports-cyber-attack

Well, an obvious question is - what is the probability of that story just being him avoiding that money being taken away by the government, this time for real? Almost everyone involved in any financial scandal has gone out of his way to make himself disgorgement-remote. Dick Fuld has sold his...

You know, my dog is always happy to see me, even if I was petting another dog on my way from work :)

thanks :) Patrice has been almost blind since he was a puppy so he needs a bit of extra care, but he's a chick magnet all right

Actually, can someone guide me through a process of building a new payoff? I'll pay or buy you a steak dinner...

Yo, send me a bloom pls

A happy dog - just came back from a road trip and has a nice steak cooking for him :)

Well, it is, by the feel of it, about as good as any commercial library for my purposes. Of course, minus the the warm and fuzzy feeling of paying $120k/annum.

Would you care to back this statement up with numbers? From where I am sitting, free trade has mainly benefited the West with rare exceptions. It has, of course, destroyed countless livelihoods, but so did almost any big economic or technological shift.

Because at a certain point the root time relationship breaks down - when vol is really short dated, it usually moves in-parallel with 1 month point or so. Similarly really long points (4+ years) will move in parallel more then root time

Ok, your net vega in Jun is .71 and you have 43 calendar days to expiration. First, compute your year fraction: T = 43/365 = 0.1178 Now, divide your vega by square root of T: rtVega = 0.71 / srqt(0.1178) = 2.0685