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if I recall, it's a tiny fund (7 figures).

I doubt it. That always seemed egregious to me. What business does Bank One Partners have in buying some random manufacturing firm in Texas? It made sense for JPMorgan to be speculating on interest rates and government credit spreads, but not in financially engineering whole companies. I agree...

I do not believe it’s accurate that they were on their way out. in fact it was highly controversial that banks started competing with Private Equity firms for deals! I don’t think they ever shut down the embedded desks. The banks shut down the explicit prop groups as a compromise to avoid...

Wise man. The wisest people i know didn’t pursue trading careers. They saw better paths in life.

prop desks were everywhere. Bank execs wanted customer based revenues but the group heads would use prop returns to boost their revenues. Our division had 5 prop desks within the North American customer platform by itself (and that didn’t include the two explicit prop groups in the division)...

Prop trading was a red herring. The specific risk taking issues that caused the financial crisis were specifically carved out of the volcker rule (mortgage back securities inventories). Further pretty much all bank desks had record profits in 2008. Except the mortgage desks which lost like 5x...

What about Mexico? Will they pay for those tarrifs?

99percent of that retail volume aren’t traders trying to earn a full time living.

Huawei phones will be mandated in the CIA!

Nice article. Do you have a link to the original source?

For what it’s worth, every financial institution would have gone bankrupt if it weren’t for government intervention on many levels. The financial crisis was THAT bad. When Paulson let Lehman go under that was the end, even though the Lehman bankruptcy went quite smoothly. Likely we would have...

https://time.com/5647884/montana-man-anthem-attack-trump-crime/ What other rhetoric should be blamed for this?

Can you share those flaws?

So you are saying 100oercent of the rally under trump is Obama’s credit?

Get ya’ll black tees on, all black everything Black cards, black cars, all black everything All our girls are blackbirds...

Backpage was aiding in the trafficking of minors for sexual exploitation. They had an ad creator that would help a pimp write a sufficiently coded advertisement.

Can’t a trader profit from weekly or hourly movements? Don’t traders “trade” for profit motivated reasons?

The specific definition is hard to agree upon, but it’s like pornography. You know a trading vs investing. I always judged it based on motivation: a trader looks for a change in price, an investor looks for a change in value. There are many headwinds for a trader. Even if you Earn 2x of the...

I bet the percentage is even worse.

Correct. Survival rates of businesses doesn’t mean bankruptcy.