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That's a bit of a simplified view I had my first years. Even if we leave aside equity long bias, there are actors that are buying and selling for other reasons than to have "highest return" in your selected time frame. You may effectively be providing such actors with a service (being the best...

That sounds like a fair assessment. Then again, if there is a spectacular blow up down the line the unrelenting skeptic's reputation will be saved, but it might be easier to say "everyone was wrong!" as you lose that 2-3% of portfolio allocated in BTC, while having kept your AUM during the run up.

Not sure if taking the blue pill would be great for POTUS, consider what happened to Clinton and that was before it existed!

lol funniest OT in a while. Killing what you plan to eat before you eat it is a winning strategy. Same should apply for injection.

Thanks, you're right, that's a better approach for learning something new. I am too keen to assume I know it all.

Think he's referring to e.g. S&P 500 membership overpricing. It's going to hit passive investors at some point, but until then it seems like a great idea and equally is one of the world's most crowded trades.

I will go have a search then. I wouldn't still consider it likely for FTT on the basis that it can put people and businesses into bankruptcy in a very nefarious way.

Taxing retroactively is incredibly devilish and not something that would pass. Not sure where that idea comes from. As for putting intraday equity traders out of (future) business, FTT certainly can. Given the unfavorable view of the contribution of traders to society, most politicians on the...

This is really the primary reason I refuse to touch BTC. I was ticked off reading about BTC mining using as much electricity as Ireland a few years back. It's only getting worse. Why not spend 90% of global energy produced mining Bitcoin if the price gets high enough? [Ignoring real limits in...

Funnily enough, I've become much better at crossing streets since I started trading. :D I used to overthink it.

Thanks. I just scrolled through the front two pages of 1 star reviews, which to me seemed legitimate given that my prior belief is that 99.9% of public trading education has zero value or worse (cause losses). If I saw him inserting 5 star reviews into that I would be very skeptical of those.

Yep. Millions are getting the vaccines now versus tens of thousands in trials - unusual side effects that were missed in trials (however improbable) start to show up. Luckily we have several to choose from in case one or more of the vaccines are determined to be unsafe. Medical science has...

Fantastic site!

lol WSB (apologies for the mildly offensive quotes): "You're like an autistic Icarus. Autisticarus." "There and back again: A Retards Journey"

Definitely agree with everything you said here. Just adding that Visual Assist is what makes coding in C/C++ pleasant, speeds up the programmer 2-3 times. Ironically that's due to providing features that IMO should be in all IDEs: Near instant symbol look up, references look up, text search...

Saw this elsewhere, very cool. We think we know a lot about the Roman era but we just have tiny fragments.

COVID pwned me (even though my short bias was correct until Fed intervention). Took rest of the year to get back up, stronger.

To a degree it's about language comfortability. I prefer static languages (e.g. C++, Java, C#), but it takes a good IDE to code in them quickly, e.g. Visual Studio w/ Visual Assist. But I can't deny Python can lead to shorter (and hence potentially faster to write) code, however the advantage of...

Oh really, last I checked many Nordic countries rank among the world's most innovative (I'm a Swede). We do have an issue in creating new large multinational companies, but to me that seems to be rooted in that Swedes happily cash out successful businesses to US investors ASAP. Granted, outside...

Java is fine, if not the world's speediest language to write code in. Understand that your choice is going to matter more in terms of JVM vs others (native binary of C/C++, .NET, interpreter or JITs of Python, etc.) On that point, JVM can absolutely perform this task, it's more of an issue about...