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The universe can take all your hard work away in 10 seconds. The universe can provide everything to you as well.

Yes. Warren is insanely sophisticated. But the sign of a really intelligent person is that they can convey a complex nuanced idea in simple terms. Warren doesn’t use technical analysis. Value investors don’t because technicals look terrible when their valuation models look the most attractive.

I think are more good people in a shitty situation than bad people in all situations. I’ve seen it myself when I left the well to do yuppie bubble of New York.

Clients want OTC. The contract is specifically tailored to their needs (exact terms and days, etc); they may not want the transaction printed to the tape.

What’s crazier is that a straddle has two times the notional as stock in these types of calculations. Plus 99percent of derivative trades by notional are simple interest rate swaps that get netted in valuation: you are paying fixed to me on a 5 year swap for 10mm, I am paying fixed to you on a...

Nor as tolerant as Melania. A good wife is a powerful tailwind for success.

It’s the most important trade you’ll ever make.

He was on the list. David Shaw.

Would he have been better off buying the underlyings instead?

In your example, it may not be higher than 53percent. Figuring out vol resets is an art.

I tried the simple solver method as well. I got extreme results like you. In the end I figured that strike selection was lot less important than underlying selection and a general structure (do you want to be short upside, downside, or atm)

Simons machine will die within a few years of his death. Warren Buffet’s will continue to earn for another 200 years.

I think Amazon was going to put tech and marketing jobs in Long Island city. I seriously doubt they were going to have boxes and warehouse space in hq2.

I would think so.

Isn’t that the current system? The poor go to emergency rooms for flu shots. We pay for it in double digit premium increases.

He becomes president.

Isn’t that power vacuum what created isis and the taliban?

Have you posted a single number in this thread? Any data from your rigorous analysis?

Why are you still here?