Nah, I've seen the lives of my friends who have kids. I'm happy for them, but my wife and I don't want that life. Sounds like having kids was the right choice for you, that's great, but don't preach at us.
We looked at the choices, and made ours. Don't tell me it was the wrong choice, without knowing literally anything about me or my wife. That's pretty patronizing.
I'm not sure I understand how Kelly applies to insurance, as by definition the Kelly of any -EV bet is 0. Can you elaborate on how to do a Kelly calculation with a wager of negative expected value? Or what am I missing?
Halts are temporary (generally a few hours to a few days). If it's delisted from NASDAQ it will almost certainly move to another exchange (OTC / pink sheets) and the stock will still trade.
If the stock truly is wiped out and common shareholders equity is 0, you can exercise the put, receive 100x the strike value per contract, and deliver nothing.
I think they're defining "productivity" as a fraction, i.e you used to be able to do 38 hours of work in exchange for 43 hours of your life. Now it's 38 hours of work while only using 38 hours.
Then it would be nice if you could suggest an experiment which would yield useful pricing results for him.
I don't know if this was your intention but it's kind of a pet peeve of mine when someone posts "that's useless" to a content creator without elaborating on how they would've approached the issue.
> your trades are getting a different result than if you explicitly paid a brokerage who charges a commission on it.
Yes...the average retail customer submitting a market order will generally get a better fill with PFOF. This is what most people don't usually mention when talking about those terrible high-frequency trading firms.
E.g. if a stock is trading at 10.00x10.10 and I submit a market buy via Robinhood. Citadel or someone else is going to pick that up and sell it to me for, probably, 10.08 or 10.09. Not the 10.10 I would've paid on the open market hitting the offer. It's in fact illegal for me to get a worse (higher) fill than 10.10.
Currently getting my Masters in AI. I'll be honest, I can understand the concepts when presented to me, but the mathematical proofs are beyond me. I've learned to be ok with that. There's just not enough time in a 2 year program to teach myself the underlying vagaries of everything I encounter.
In college everyone's class registration would open at once, and classes would fill up quickly. Some people would even register for more than they were gonna take, to hold it for friends or just to figure their schedule out. If I didn't get into a class I wanted, I had a HTTPS script set to attempt registering for it every 5 minutes. As soon as somebody dropped it - boom it was mine.
I don't think the fact that your coin-flip martingale strategy didn't work is evidence that "there aren't any betting strategies that can last over the long run".
Jesus Christ. Here's a thought, treat them as people and not "a black" or "a woman". You don't have to ingratiate yourself in the fear that some random person will think you're a racist. He's just a person going about his day delivering packages. He's got his own worries and concerns and things going on in his mind.
"Is becoming a racist the best solution, so I'm able to function more effectively?" I can't tell if you're being tongue-in-cheek here or have genuine social issues. My (admittedly somewhat harsh) advice is to close your IDE and go interact - in person - with other humans.
The internet has made buying a car worse? I'm assuming you have either never bought a car without the research and pricing tools available via the internet, or are looking back with rose-colored glasses.
"A hedge on oil price is a bet on the way it will swing."
Well I mean it's implemented that way (buying long-term futures) but it's really just locking in a set price. Oil prices skyrocketing doesn't make them infinite money, because they have to either take contract delivery at the price they originally bought at, or use their futures profits to buy at the spot market. In the same way, falling oil prices doesn't cost them huge amounts of money, they just won't be able to take advantage of the fall in prices like a non-hedged carrier would.
I assume they try their very best to hedge to actual predicted usage and not try to profit from swings either way. If they could do that they'd be better off running a hedge fund.
We looked at the choices, and made ours. Don't tell me it was the wrong choice, without knowing literally anything about me or my wife. That's pretty patronizing.