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    Why quants don't get paid

    I take back what I said. I was mistaken. Virtu made 1.8Bn T12M and earned 300MM in operating profit (about 15%) GS made 35Bn T12M and earned 13Bn in operating profit (40%ish) MS is in the 30% range for operating income Greenhill and PJT are in the 20% operating profit margin (you would think...
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    Why quants don't get paid

    The trading side of Investment banks aren’t that different.
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    Why is everything about being Black ?

    We were mixed. From 2013 to now we had two years with double digit increases and two years that were down and two years that were moderately up. This is the worst with 20percent and that’s with the company raising the deductibles. At flat it would have been 30percent. You work for a large...
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    Why is everything about being Black ?

    I have had years under Obamacare where our insurance premiums went down. This year they are going up 20percent.
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    Goldman’s CEO Says He’s ‘Personally Outraged’ by 1MDB Scandal

    Maybe he means he (as an individual) is outraged, but he (as the CEO) doesn’t think anyone did anything wrong.
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    Credit Default Swaps - Retail

    So if the strike is K, and the the stock is zero. the final payout is K-0 = infinity?
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    Billionaire Ray Dalio Says “Capitalism Is Not Working” for Most People

    Yes. You are right. The globalists who own all the corporations are looking to destroy the world’s economy.
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    Credit Default Swaps - Retail

    How could a put ever go to infinity?
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    PG&E stock: Balls of steel stock play

    The value of a proper news source: Bloomberg has it that the CA regulator made comments that he won’t let PGandE go bankrupt.
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    Institutional Ownership

    Mark Brown isn’t worth responding to. I think Whale Wisdom has the info but you have to subscribe to it. It’s a lot of work to compile as hedge funds and warren buffet lobbied to make this as annoying as possible to access. Bloomberg as it as part of their professional service as well. My...
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    PG&E stock: Balls of steel stock play

    From what I read there is no reason for the stock rally. I would take the 20percent gain and see what happens.
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    Full Midterm Exit Polls

    Oh well. If you knew my real skin color you would have put me on ignore after my first post.
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    Full Midterm Exit Polls

    I don’t know what that’s a picture of but you probably dislike the image because the person isn’t white.
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    Full Midterm Exit Polls

    Is every one of your posts racist?
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    Pricing leveraged-ETF options

    Many have tried to improve transparency in it, all have failed. To my knowledge, no bank consortium has attempted it (unlike other disruptive technologies like electronic ISDA's, dark pools, etc), so that's probably the answer.
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    Avoid Portfolio Managers Who Are on a Streak — Whether Hot or Cold

    I've read that Hedgefunds are net negative money because of this phenomena.
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    Avoid Portfolio Managers Who Are on a Streak — Whether Hot or Cold

    He made a lot of money the first nine years and then lost all the gain the 10th year?
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    CNN sues President Trump and top White House aides for barring Jim Acosta

    Trump doesn’t hate CNN. He wants you to hate CNN.
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    This is absolutely wrong, WTF is going on?

    They are prepping for their interviews to be interns in trumps White House.
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    CNN sues President Trump and top White House aides for barring Jim Acosta

    CNN has a strong case here. They will win the battle. But. trump will win the war as he will continue to erode the rule of law while the courts will keep stopping him and his “patriotic” base will love him for it.
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