ReggieCommaRose

6 ms·

1.
by ReggieCommaRose 4y ago
You may not directly participate in capital markets but institutions around you that society relies on do. They do so to secure operating cash, loans, buy or sell insurance, etc. When people participate in capital markets they do so looking
2.
by ReggieCommaRose 4y ago
Devil in the details. MMing is conceptually simplistic but the operational costs are huge and are generally getting worse. Making while fighting these costs against competition playing the same game as you turns non trivial real quick. Tha
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by ReggieCommaRose 4y ago
Collectively they reduce friction and increase transparency for global information exchange. Obviously no one does it for purely altruistic reasons but the byproduct is (probably) net positive.
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by ReggieCommaRose 4y ago
Usually too smart, on rare occasion they cheat. MMs inherently deal with information assymetry and adverse selection because they generally stand ready providing liquidity with quotes out in the world (though obviously width matters). Toxic
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by ReggieCommaRose 5y ago
The topic at hand is mainstream adoption and I think empirically the world disagrees with you.
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by ReggieCommaRose 5y ago
I’m not sure about delta one firms but almost all the options MM firms have been having record years in the COVID / meme stock era. In broad strokes, the things that hurt market makers the most are long winded price trends and accumula
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by ReggieCommaRose 5y ago
I work in a vanilla MM space and have had limited exposure to systems/technical side in the crypto space, would love to see the weird/cute crypto-specific problems that exist. For instance I was surprised to learn the other day th
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by ReggieCommaRose 5y ago
Damn the formatting/design of your site is fantastic.
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by ReggieCommaRose 5y ago
It's probably strictly worse than other exchanges if we're considering what the point of an exchange actually is. I've tried optimistically viewing LTSE from multiple angles but an exchange just seems like the fundamentally
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by ReggieCommaRose 5y ago
That was my point - that Google isn’t ACTUALLY well diversified compared to its contemporaries.
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by ReggieCommaRose 5y ago
Google is well diversified in its business endeavors but hasn't been capitalize on that for a better diversified revenue stream.
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by ReggieCommaRose 5y ago
Parent is using inflation of fiat as an argument for crypto which doesn't apply to Dogecoin. It doesn't matter to me if the mascot for a coin is a literal butthole.
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by ReggieCommaRose 5y ago
...but it's Dogecoin.
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by ReggieCommaRose 5y ago
The state lottery specifically? Maybe? Though it could just be a case of the state lotteries not being targeted at the better off and better educated demographic. The lottery is also just so transparent. But I see very smart people gamb
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by ReggieCommaRose 5y ago
I imagine a big part of lottery winners going bankrupt are due to lack of education and/or comfort in having that much money at once (after all, the vast vast vast majority of lottery players are lower middle class to poor). It sounds
16.
by ReggieCommaRose 6y ago
I think if we have to make a distinction, then categorizing games of chance where you're wagering money or direct money equivalent seems like a fair one. And in that sense, I wouldn't consider every trip I make to a hole in the w
17.
by ReggieCommaRose 6y ago
I used to play full-time and I currently work in trading. Poker is definitely gambling. Casinos are gambling, they’re just doing so with massive volume and tiny risk (afaik). Trading is gambling. Gambling well is a subset of gambling.
18.
by ReggieCommaRose 6y ago
Trading facilitates more efficient allocation of resources at both a geographical and temporal scale. HFT market makers facilitate more efficient trading. If anyone tried pitching automated trading to you as some form of altruistic endeavor
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by ReggieCommaRose 6y ago
Is the head of stat arb now? I thought he was messing around with sports betting in Dublin or something. Anyhow having played/discussed cards with quite a few trading and research people from SIG I can safely say the poker thing there
20.
by ReggieCommaRose 6y ago
No one (prop/hedge funds) really does that anymore. Hiring poker players directly that is. Outside of really niche small firms with really specific cultures. It kinda almost happened with SIG and Jeans89 but Jeans already had a rele
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by ReggieCommaRose 6y ago
As a former professional player whose last two employers use poker as a marketing tool for hiring, I strongly agree. If you want to be good at a game, learn that game specifically.