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This paper argues that since the year 2000, the demand for "cognitive" jobs has declined and that because of that, value of education is declining. I have not gone through the paper fully, just the intoduction and conclusion (I always read scientific papers this way, it's easier to wrap my head...

For sure. Lot's of bullshit that distracts you from the markets and actually making money, so unless it really changes your equation, it's better to avoid hands-on dealing with investors. Also, probability-adjusted you can probably make more money as a trader/PM for an existing OPM setup. I...

It's surprising that nobody makes something along these lines any more. I can't be the only guy with ADD out there.

As you rack up years of marriage, the sentiment goes from "straddle" to "strangle"

I considered a flip phone or an old small Nokia and decided that having access to email is too important. The additional benefit of a Nokia 8210 is that I can pass for a drug dealer as opposed to a hedge fund PM :)

Yeah, but I want a phone that ONLY does what I listed and nothing else :)

I decided to switch back to a dumb(ish) cell phone. Maybe someone can point me to one that fits my needs: (a) need to send texts (b) need to make voice calls (c) need to play music (d) need to read and respond email (e) has to have a long battery charge (f) has to be small At the moment, I am...

You gonna find that your short VoV vega and VIX gamma were will dampen the effect of your long delta. Also, the low strike put IVoV is fairly low so you get a vega convexity hit when a shock happens.

Seriously? Web developer is a shell corporation? For fuck sake, these people don't even know how to spell Saba Capital... PS. I am always amazed at the ability of "journalists" to turn a true human tragedy into something else

Vikram Pandit oh, God, what a tool he is and how he managed to rip everyone off

It's called painting the tape

Cool, I'll give it a try. What's the real estate equivalent of 3 x 21" (I guess I can solve for it from the size ratios but I am too lazy)

As I said, I am not paying for it myself.

It's Monday, you could be still hung over from the weekend.

Even if he was spending half of his take, still by now he should be beyond blabbing on redit.

Well, I don't have that problem since I am not paying for it myself (well, I guess I am at the end, but in a very diluted form). But I can only choose my setup this one time

Do you find that resolution is good enough? Do you play X-box after the close? :P

I read his letter because he's a wise quality human being and his thoughts are worth reading and digesting. Nothing I read there ever influenced my strategies or personal investments but I certainly appreciate his general outlook on the world.

I guess we can agree to disagree on the terms. What's important is that there is a big difference between skill that can be acquired by anyone and a structural advantage that takes a prohibitive investment to build. That distinction is what determines the longevity of your alpha.

There are plenty of finance-related lore that you would not be able to find on line. In all honesty, I did not bother looking cause, as I said, it's common knowledge in the industry