"In a strange turn of events, the often criticized GNAA has gained momentum by campaigning against Apple. The anonymous group has but one problem: people that want to join have to go through a perverse initiation ritual that includes putting a fruit specimen that is symbolic for the company they fight against, up in undisclosed bodily orifices"
Still, the number of GNAA followers has tripled over the last two days. On twitter, "#AppleSucks" is trending. On facebook, GNAA has 4 friends, more than double the amount of Apple.
You're generalizing; there are plenty of people I know up close who were great developers and now great managers. One of them is my boss and I'll tell you what he did to get my utmost respect.
First of all, this guy was a brilliant developer. Both design and coding were always rock solid. Then when the boys from the board asked him to become a manager, we (the grunts) didn't really notice a lot. Sure, he started coding a lot less, and within half a year stopped doing that entirely. Often we wondered what he was doing all day, until one day I spoke to one the founders of the company and he was saying the guy was a bit of a pain in the ass for them. Turns out his day job was nothing less than constantly defending us, making sure we could do our job without being harassed by upper management, and creating support for any of the ideas we (the developers) came up with. In short, instead of being a manager to report to upper management, my boss focuses on ways to make us as productive and happy as we can be.
Try betting exchanges like betfair.com. The way I do it has a positive expectancy, but doesn't scale well (but enough). There are people on the other hand that really know a lot about horses, and they can put in a huge amount of money using outright bets.
The stock market is another arena, and this one scales *really* well. Finding a profitable strategy with low volatility here is the trick.
If you have deep pockets you can set up your own HFT firm. Or perhaps you're smart enough to find some longer lasting arbitrages. Maybe you're really smart and can find a better option pricing formula than black & scholes. Competition is fierce here, unless you're part of an HFT firm, don't bother.
But... The great thing is that in all events where lots of people participate some of them are bound to don't give a shit about how much they're paying as long as they get what they want, now. Find those people and help them get their goods and you will profit handsomely. Everybody wins.
I find anything related to the Kelly Criterion interesting. It made me a rich guy:-)
To clarify, try this experiment: sit down with a group of friends and pretend you all have 100 dollars. Ask everybody what their stake will be for the following game: you throw a coin and if it ends up heads, everybody gets 1.5 times his stake, plus the initial stake returned. Tails means the stake is lost. First of all: this game has a positive expectancy so you should play. But the question of how much you should bet is an interesting one. It is easy to see why: bet nothing and you will not profit. Bet everything and sooner or later you will be wiped out. Try the game with a couple of friends who haven't heard of Kelly and chances are everybody has lost his stake in a couple of rounds.
Once you find a profitable strategy that works, and scales to large large amounts, Kelly is really useful to know.
I like lightning, except for one thing: it seems to periodically sync and during this time the entire thunderbird application becomes unusable. You're writing an email and then... everything stops for 15 seconds (which is horribly long). Fix this and I'll be happy.
HFT would immediately offset this by quoting wider. Therefore the investors would pay a bigger big-ask spread. HFT will (after the tax) still profit as much as they used to do.
if you are an occasional investor, you don't care at all about HFT, you and them work in a different time frame. As a matter of fact you both help each other. You benefit from tighter bid-ask spreads, they benefit from you by being able to make a couple of extra cents. It's when HFT firms go head to head that somebody loses. Or when you and a fellow investor trade. Only one of you two can be right.
I state that HFT is good for investors, but in all fairness: I work at an HFT firm.
Ah! Let me explain: windows is an operating system meant to be the successor of MS-DOS. There are some that think windows will once be installed on more than a million pc's. While this is obviously bullshit (there aren't even that many pc's in the world, nor will there be any need for so much computing power), the people on wallstreet are very excited about this technology. But I see one drawback: to install the latest windows you need about a million floppy disks. Now who in earth is going to do that?
Maybe I'm getting too old, but I don't like these experiments with title bars at all. I like to know what window I'm currently using, and the title bar does that job. If you want more screen real estate, buy a bigger monitor.
The worth of a company what a stock is supposed to buy you into, doesn't change even from minute to minute.
That's bullshit. The value of a stock can change dramatically after some news is released. Every time someone buys a stock he thinks it is undervalued in some kind of way. Prohibiting people trading a stock because of time restrictions (which by definition are unequal to others) is downright criminal.
And another kind of bullshit I read everywhere: nobody with a 401(k) account is getting slaughtered by the high frequency traders. If anything, those high frequency traders will give you a better deal because of lowered bid-ask spreads.
This is excellent advise, I hope many people will read it.
The only questionable item is gold. It's something you watch going up in days like these, and then erode away again. Since it doesn't pay any dividends, it doesn't bring you anything except the feeling that you will still have something of value if the world comes to an end. You could ask... what good will it do for me?
For this reason I rebalance my portfolio between stocks, cash (I consider bonds cash as well), and real estate. The one thing I regret is that my investments in real estate are typically with 60% borrowed money.
Slashdot Mirror
"In a strange turn of events, the often criticized GNAA has gained momentum by campaigning against Apple. The anonymous group has but one problem: people that want to join have to go through a perverse initiation ritual that includes putting a fruit specimen that is symbolic for the company they fight against, up in undisclosed bodily orifices"
Still, the number of GNAA followers has tripled over the last two days. On twitter, "#AppleSucks" is trending. On facebook, GNAA has 4 friends, more than double the amount of Apple.
I think that guy was a colleague of mine.
You're generalizing; there are plenty of people I know up close who were great developers and now great managers. One of them is my boss and I'll tell you what he did to get my utmost respect.
First of all, this guy was a brilliant developer. Both design and coding were always rock solid. Then when the boys from the board asked him to become a manager, we (the grunts) didn't really notice a lot. Sure, he started coding a lot less, and within half a year stopped doing that entirely. Often we wondered what he was doing all day, until one day I spoke to one the founders of the company and he was saying the guy was a bit of a pain in the ass for them. Turns out his day job was nothing less than constantly defending us, making sure we could do our job without being harassed by upper management, and creating support for any of the ideas we (the developers) came up with. In short, instead of being a manager to report to upper management, my boss focuses on ways to make us as productive and happy as we can be.
I can't thank him enough for that.
Easiest thing to do is not worry about it and buy a new laptop.
That's so narrow minded :-)
Who said you need to do this in a casino? Bet with other people, be smarter than them. I'd go so far as to say it's easy.
Try betting exchanges like betfair.com. The way I do it has a positive expectancy, but doesn't scale well (but enough). There are people on the other hand that really know a lot about horses, and they can put in a huge amount of money using outright bets.
The stock market is another arena, and this one scales *really* well. Finding a profitable strategy with low volatility here is the trick.
If you have deep pockets you can set up your own HFT firm. Or perhaps you're smart enough to find some longer lasting arbitrages. Maybe you're really smart and can find a better option pricing formula than black & scholes. Competition is fierce here, unless you're part of an HFT firm, don't bother.
But... The great thing is that in all events where lots of people participate some of them are bound to don't give a shit about how much they're paying as long as they get what they want, now. Find those people and help them get their goods and you will profit handsomely. Everybody wins.
I find anything related to the Kelly Criterion interesting. It made me a rich guy :-)
To clarify, try this experiment: sit down with a group of friends and pretend you all have 100 dollars. Ask everybody what their stake will be for the following game: you throw a coin and if it ends up heads, everybody gets 1.5 times his stake, plus the initial stake returned. Tails means the stake is lost. First of all: this game has a positive expectancy so you should play. But the question of how much you should bet is an interesting one. It is easy to see why: bet nothing and you will not profit. Bet everything and sooner or later you will be wiped out. Try the game with a couple of friends who haven't heard of Kelly and chances are everybody has lost his stake in a couple of rounds.
Once you find a profitable strategy that works, and scales to large large amounts, Kelly is really useful to know.
Mark
This is the best advise I've seen so far.
If people are interested, I'll sell 'em for 16 gigabytes worth of ram.
Imagine a beowulf cluster of these clusters!
I like lightning, except for one thing: it seems to periodically sync and during this time the entire thunderbird application becomes unusable. You're writing an email and then... everything stops for 15 seconds (which is horribly long). Fix this and I'll be happy.
Mark.
HFT would immediately offset this by quoting wider. Therefore the investors would pay a bigger big-ask spread. HFT will (after the tax) still profit as much as they used to do.
if you are an occasional investor, you don't care at all about HFT, you and them work in a different time frame. As a matter of fact you both help each other. You benefit from tighter bid-ask spreads, they benefit from you by being able to make a couple of extra cents. It's when HFT firms go head to head that somebody loses. Or when you and a fellow investor trade. Only one of you two can be right.
I state that HFT is good for investors, but in all fairness: I work at an HFT firm.
Mark.
wrong advise. I don't even know where to start. Oh, I do. Get a professional to do this.
Or use it in a lawnmower
Ah! Let me explain: windows is an operating system meant to be the successor of MS-DOS. There are some that think windows will once be installed on more than a million pc's. While this is obviously bullshit (there aren't even that many pc's in the world, nor will there be any need for so much computing power), the people on wallstreet are very excited about this technology. But I see one drawback: to install the latest windows you need about a million floppy disks. Now who in earth is going to do that?
john is that you?
Maybe I'm getting too old, but I don't like these experiments with title bars at all. I like to know what window I'm currently using, and the title bar does that job. If you want more screen real estate, buy a bigger monitor.
well, lucky for you there seems to be general consensus BSD is dying. Something with netcraft.
Apple might not be evil, but they sure are unfriendly.
The worth of a company what a stock is supposed to buy you into, doesn't change even from minute to minute.
That's bullshit. The value of a stock can change dramatically after some news is released. Every time someone buys a stock he thinks it is undervalued in some kind of way. Prohibiting people trading a stock because of time restrictions (which by definition are unequal to others) is downright criminal.
And another kind of bullshit I read everywhere: nobody with a 401(k) account is getting slaughtered by the high frequency traders. If anything, those high frequency traders will give you a better deal because of lowered bid-ask spreads.
what is this "sex" I hear so much about?
Would be shocking
but not as much as proving P==NP
This is excellent advise, I hope many people will read it.
The only questionable item is gold. It's something you watch going up in days like these, and then erode away again. Since it doesn't pay any dividends, it doesn't bring you anything except the feeling that you will still have something of value if the world comes to an end. You could ask... what good will it do for me?
For this reason I rebalance my portfolio between stocks, cash (I consider bonds cash as well), and real estate. The one thing I regret is that my investments in real estate are typically with 60% borrowed money.
That should be rephrased as "also, anyone using the iPad is mentally insane"