Generally, you don’t want to overthink the expected PNL quality when allocating to different strategies (again, since you probably overfit etc)...
The general thought is that the worst drawdown is ahead of you, due to curvefit and liquidity issues. So you come with heuristics to protect...
Most of the "10 TRILLION" is the gross notional value of various interest rates derivatives (mostly interest rate swaps). The whole thing is...
You obviously have not seen my car - it’s basically a Ford Model-T but made by some Japanese people
You obviously don’t understand how restructuring works. Do you think Irwing Pickard was working for Madoff when he was doing restructuring of the...
Hey, definitely don’t judge someone for their car - I drive a beater and actually do this for a living. I am also a cheap person all over and in...
There is a general methodology for this type of things. Assuming your position size is proportional to the strength of the signal, you want some...
I love discipline...
@Frederick Foresight obviously, BIS is just a bunch of no-coiners who are bitter that they did not buy BTC. Or, alternatively, they are in pockets...
You know, there was a time you used to be a normal person, but now welcome to my ignore list. You are the first one there, so it's a rare honor....
Economists tend to suck as a general rule. However, this particular one has gotten a few things right - more-or-less called the mortgage crisis,...
Wait, what? Spooz TaQ data for $80/year from a reputable source - I think you're mistaken (my prior is that $80 was per-month). Could you post a...
I have a few BTC to my name still (almost all that I bought I donated actually). Yet nobody would sell me a house in any reasonable place without...
Fucking phone. I meant to write “there are NO real use cases that do not involve breaking the law”.
LOL. Bitcoin has outperformed gold, T-bonds and pretty much every asset class. It does not make it less of a pyramid scheme unless there is a use...
I bought BTC at 350 FWIW and still think crypto is a scam. There are real life use cases that do not involve breaking the law. We had a lot of...
HFT guys frontrun the basis/ETF-arb guys - they know if dislocation is big enough, the guys who can hold inventory will get involved. So they know...
Whichever one has more notional volume per day (ie multiplier * price * volume) is usually the one driving the pricing. For example, in case of...
^This. You guys don’t appreciate this, but this is really describes fully what’s happening. The futures are arbitraged (in the longer horizon)...
I am not sure when you were there. These days risk limits are pretty tight (4+4 usually) and the moment you hit the second one, you might as well...
Separate names with a comma.