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San Diego unions push transaction tax
Well Don, if you are in business, don't you hire the best and brightest??? Wait a minute, the fifth estate doesn't follow that model.— September 30, 2011 10:32 a.m.
San Diego unions push transaction tax
No, and now you seem to be making the progression from snarky to dishing out a little invective yourself.— September 30, 2011 10:30 a.m.
San Diego unions push transaction tax
I haven't quantified this yet, but I suspect that the amount of time watching CNBC is probably inversely proportional with higher returns on your money. CNBC really rots your mind.— September 29, 2011 7:49 p.m.
Alfred Rappaport and Todd Buchholz take sides on risk-taking
http://www.anesi.com/poisson.htm— September 29, 2011 11:56 a.m.
San Diego unions push transaction tax
Here's a pretty good link to a screen shot of the prices over a very few seconds of HFT trades. http://www.nanex.net/StrangeDays/08022011/ELNK_08… Luckily they don't show the bid/asked, the spoof quotes, and a few other things that would make this chart look like spaghetti.— September 29, 2011 11:03 a.m.
Alfred Rappaport and Todd Buchholz take sides on risk-taking
All my life, I've heard the familiar refrain on how "So and so is such a lucky person, they always win." I've been to the track and seen guys sweep the whole card of trifectas, much to the chagrin of the losers who attribute this feat to that elusive concept called luck. I've seen people throw away all of their money in pursuit of the long shot, afterwards labeling themselves as "Having a streak of bad luck." I've also seen people make 7 passes in a row on the crap tables and call it a streak of good luck. The concept of luck always intrigued me, and caused me many sleepless nights in grad school trying to prove, or disprove luck's existence. After a few months of thought, I eventually came up with a very elegant proof that denied the existence of luck. Ever since that moment, equipped with a new mind set, I have viewed all events as random occurrences that are subject to the laws of probability. This idea has served me very well over the past few decades, and allowed me to eliminate one more emotional distraction regarding my management of risk in trading, at the track, or at the poker table or wherever. I have simply denied the existence of luck for the past 35 years and chalked up all occurrences to probability and removing any emotional baggage. The rational side of my brain has overtaken the feeling side of my brain and this (small delusion?) works for me. If one wants to play around with and study random occurrences and very large numbers, this Poisson Distribution tool will give you hours and hours of fun. http://www.anesi.com/poisson.htm— September 29, 2011 10:19 a.m.
San Diego unions push transaction tax
Cook Islands banking was a scam back in the 80's perpetrated by the IRS to catch money launderers. The Caymans and Nassau have matured and no longer accept large amounts of cash like in the 1980's.— September 29, 2011 5:50 a.m.
San Diego unions push transaction tax
You're discussing symptoms and I'm looking at the direct causes. You should study what the Fed did during those times and don't rely on what history books tell you to think? Look at the original minutes of Fed meetings and see for yourself.— September 29, 2011 5:47 a.m.
Alfred Rappaport and Todd Buchholz take sides on risk-taking
Fred you're 100% right in that you learn much more from failures than successes. I find mistakes to be great learning lessons and try to not repeat mistakes twice. That being said, mistakes have a lot of cousins and I meet up with a cousin twice removed of the earlier mistake and meet that new mistake head on. I notice that you have quite an enthusiasm for Taleb which I don't quite share with you, but it's a personal thing with me. I still respect his mind.— September 29, 2011 5:13 a.m.
Alfred Rappaport and Todd Buchholz take sides on risk-taking
Thank you both. I get a lot of hits off both the classical downloads and the market related downloads. But for some reason, my complete download list of "Tom Swift" downloads seems to get the most hits of all. I didn't know that there were so many Tom Swift fans out there besides me.— September 29, 2011 5:09 a.m.