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While he was put in an extraordinary situation he’s done more in his 18 years than you probably have in your 40+. But I get it. You don’t believe he should be admitted because he has different political views than you. You can’t acknowledge the courage he faced when he spoke up and had to deal...

Here’s a guy whose trying to change the world. Harvard was smart to admit him. He will do the school well as he continues his quest.

The far right in Europe is boycotting Toblerone chocolate because they are certified Halal.

He looking to blame someone if the stock market sells off 25percent (which is not unreasonable for a recession).

My first assignment when I joined the desk was to read hull and do all the math problems.

It's actually probably a distraction tactic. Try to get people talking about something other than his dismal negotiations on the budget.

In the book, “Running Money” the author decided to shut down his fund after a Middle East billionaire offered them 500MM after one lunch. He said it shouldn’t be this easy to raise money. That was in 2000.

Rogue reporter makes up facts. Real media outlets admit to it. What would Fox News or breitbart do? Probably give the guy a raise and a promotion.

Does it matter? How different would your pnl be if you hedged on a reasonable static vol?

Citadel the hedge fund nearly blew up on European dividends. They did a masterful job surviving the crisis. The securities firm tried to start an investment bank and I think that was a bust.

Managers loved prop trading. it typically had a higher return than their core businesses which required more infrastructure. I was trading an embedded prop book and our combined pnl was 10% of the entire group (but we were 4 people and the group was 50 people and a huge technology...

What’s crazy is that the contract allows her to boycott America! I am surprised this hasn’t become a Supreme Court issue given the number of states that have this clause.

I would wager it didn't reduce it much. Explicit prop groups were killed off (or transferred to hedgefunds) but risk taking within the customer books were still allowed under the rule. I personally always got the sense the rule was a red herring and distracted from real reform. That's why banks...

Would that be a form of treason?

The guys at the investment banks understood what was going on. That didn’t stop them because the only thing that matters is their call option on their December bonuses.

I’ll summarize the thread for you since you didn’t bother to read anything: OP posts an editorial from Bloomberg news. Some con looks for an article that includes the words “Bloomberg” and “fraud” GWB reacts and posts without reading the actual article. Other cons follow like lemmings...

What is a type 2 account?

When was the Genentech event?

Pros get the cash proceeds. Retail does not.

Those were wacky times. I learned more about EONIA rates than I ever wanted to.