Tag Archives: Quotes

Warren Buffet quotes 3 ways to go broke: ‘liquor, ladies and leverage’

Warren Buffet quotes 3 ways to go broke: ‘liquor, ladies and leverage’

It seems many on my Facebook don’t like this guy. Ladies huh? Note that this was what Charlies Munger that Buffet requited.

Comments in my profile include:

Reminds me of the time I shorted eurodollar on 100:1 leverage, I made 200 dollars in two minutes, and thought “hey, this is way better than minimum wage!”

quor ladies and clevage?

that dude is a total new world order pos. he owns wells oldfartgo and is the ultimate bank robber with immunity, a refund if he fks up in the market (bail out), and AND even a bonus for losing. amazing.

Read more here

https://www.cnbc.com/2018/02/26/buffett-says-out-of-the-three-ways-to-go-broke-liquor-ladies-and-leverage-leverage-is-the-worst.html?__source=facebook%7Cmain

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NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

Optimal Portfolio Liquidation with Limit Orders: how to optimally compute one sided quotes of a trading algorithm

Optimal Portfolio Liquidation with Limit Orders, by Olivier Guéant, Charles-Albert Lehalle, Joaquin Fernandez Tapia is a new paper on how to optimally compute one sided quotes of a trading algorithm.

Optimal portfolio liquidation with limit orders arxiv.org

This paper addresses the optimal scheduling of the liquidation of a portfolio using a new angle. Instead of focusing only on the scheduling aspect like Almgren and Chriss, or only on the liquidity-consuming orders like Obizhaeva and

 

I like the reasoning underlying this paper

One query: On page 13 the authors state:
Since we do not explicitly take into account the underlying market, there is no market bid-ask spread in the model. Thus, we simply chose to calibrate 15 A and k as functions of the market bid-ask spread, making then an off-model hypothesis.

Is this a contradiction?, please expand …

 

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NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

How to Embed stock market quotes into Microsoft Office Excel

How to Embed stock market quotes into Microsoft Office Excel

Here is the Excel Add in Project: http://code.google.com/p/finance-data-to-excel/

How enable Excel Add Ins: http://office.microsoft.com/en-us/help/enable-or-disable-add-ins-in-office-programs-HA010034127.aspx

HOW DO YOU START A PROFITABLE TRADING BUSINESS? Read more NOW >>>

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

How to Embed free Yahoo Finance stock market quotes into Microsoft Office Excel

How to Embed free Yahoo Finance stock market quotes into Microsoft Office Excel

Here is the Excel Add in Project: http://code.google.com/p/finance-data-to-excel/

How enable Excel Add Ins: http://office.microsoft.com/en-us/help/enable-or-disable-add-ins-in-office-programs-HA010034127.aspx

HOW DO YOU START A PROFITABLE TRADING BUSINESS? Read more NOW >>>

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

Famous quotes about the pros and cons of quant high frequency trading aka HFT

Famous quotes about the pros and cons of quant high frequency trading aka HFT

“It’s a lot easier for us to teach really smart scientists about markets and trading than to teach traders about programming,

“Speed is now the defining characteristic of the market,” says Adam Sussman, the New York-based director of research at Tabb Group LLC, who has researched the role of high-frequency firms in financial markets.

“High-frequency traders are not interested in the fundamental worth of a company,” says George Feiger, CEO of Contango Capital Advisors Inc., a San Francisco money management firm with $2 billion in assets. “They are only interested in making a quick killing and moving on.”

“Technological advances have outstripped our ability to regulate them,” says Andrew Lo, director of Massachusetts Institute of Technology’s Laboratory for Financial Engineering and chief scientific officer of quantitative-analysis hedge fund AlphaSimplex Group LLC. “It’s like the Wild Wild West.”

“HFTs began to quickly buy and then resell contracts to each other, generating a ‘hot-potato’ volume effect as the same positions were rapidly passed back and forth,” according to the report. Between 2:45:13 and 2:45:27, “HFTs traded more than 27,000 contracts, which accounted for about 49 percent of the total trading volume, while buying only about 200 additional contracts,” the report says.

“If the number of quote-stuffing incidences continues, one or more systems will get saturated,” he says.

“This is truly the brave new world we are trying to regulate,” CFTC CommissionerScott O’Malia says.

“The function of the capital markets is to facilitate capital formation and boost the overall economy, not to assure the profitability of any group of market professionals,” says Daniel Gray, assistant director of the SEC’s division of trading and markets.

“We’re not Goldman Sachs, but this is a good business,” he says.

You can’t put the genie back in the lamp,” says Tim Sargent, CEO of Quantitative Services Group LLC, a Naperville, Illinois, company that analyzes trading costs.

These are highlighted quotes from:

http://www.bloomberg.com/news/2010-10-06/trading-pennies-into-7-billion-profit-drives-high-frequency-s-new-cowboys.html

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NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

Quotes of the ‘new reality’ of the Amercian consuming monster from Pimco Mohamed El-Erian

Quotes of the ‘new reality’ of the Amercian consuming monster from Pimco Mohamed El-Erian
As you know, I love Bloomberg so much I read it daily. There is the odd news story that catches my attention but there was one quote that I believe is very true. Pimco’s Mohamed El-Erian, said something along the lines of:
world’s biggest bond fund, declared a “new normal,” a global realignment in which the U.S. consumer, no longer a hungry monster, became cautious and subdued.
In the same article of
http://www.bloomberg.com/news/2010-07-29/americans-splurge-on-ipads-while-broke-in-new-abnormal-economy.html
had some gem quotes that include from retailers and small business owners:
“It’s really tough right now,” Johnston says. “I don’t do many full-on spa days anymore.”
Yet there she was, shopping and vacationing in Vegas with her husband.
“We’ve pulled out all the stops. We’re staying at the Bellagio,” she says.
“All of my customers think we are out of the recession,” says Marika Baca, an associate in the women’s department at the Barneys New York store. “This time last year, it was bad. But now the women who were reluctantly picking up one piece are easily buying three.”
“My feeling is that you can see week-to-week differences today that are far more volatile than what we have been seeing,” (CEO of a dollar store chain)

“Concerns about the labor market are casting a dark cloud over consumers that is not likely to lift until the job market improves,”
“If they lose money by spending it on something, at least they have something to show for it,”
“I don’t see it getting any better,” she said. “I need a new car, but I don’t plan on getting one anytime soon.”

“I was talking to someone recently who said to me, ‘I bought the iPad because I can’t afford a new iMac,’” says Carla Serrano, chief strategist for TBWA/Chiat/Day, Apple’s advertising agency. “O.K., fine. But the iPad does hardly anything that an iMac can do.”
“I was talking to someone recently who said to me, ‘I bought the iPad because I can’t afford a new iMac,’” says Carla Serrano, chief strategist for TBWA/Chiat/Day, Apple’s advertising agency. “O.K., fine. But the iPad does hardly anything that an iMac can do.”
‘There is still risk. I gotta cut back.’ But this is not a typical one-year recession. Life has to have some normalcy. I have to have some luxuries.”
“We’ll be looking at price tags a little more than we normally would,” she said.

HOW DO YOU START A PROFITABLE TRADING BUSINESS? Read more NOW >>>

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!