turingcompeteme

5 ms·

1.
by turingcompeteme 8y ago
If a senate report causes issues for you, I don't think it's exactly crap. But I understand your point :) It also keeps mentioning Reg T which I agree is not relevant here. I was wrong to say that RenTech used illegal amounts of l
2.
by turingcompeteme 8y ago
But there are laws preventing a broker from lending you that money. The hearing cites the SEC net capital rules which Rentech and DB worked together to bypass. There are pages dedicated to how RenTech DB and Barclays knowingly and purposefu
3.
by turingcompeteme 8y ago
They weren't in violation of Reg T. They were in violation of Reg U and Reg X. You are right that there is no law saying you can't use more than x leverage, but there are absolutely regulations governing loans in margin accounts a
4.
by turingcompeteme 8y ago
It was 1.9% during the time of some of these trades. But yes, you're right, I should have said 3% over the risk free rate
5.
by turingcompeteme 8y ago
It was never about returns exceeding borrowing costs. Rentech is probably the greatest money manager of all time. They can make returns that exceed the borrow costs. It was always about the amount of borrow available, and the tax paid on th
6.
by turingcompeteme 8y ago
Not me, The IRA thinks it's illegal. There are limits on how much leverage you are legally allowed to use, and Renaissance has made a name for itself by trying to bypass those laws in every tricky way possible.
7.
by turingcompeteme 8y ago
Most of what we know about Rentech's strategies comes from Senate hearings regarding the sketchy things they do. The common theme is that they find strategies with fairly low returns (~3%), and very low risk. They then use massive (and
8.
by turingcompeteme 8y ago
I guess everything you wrote is correct, but it seems like a very white-middle-class perspective. Legal segregation in America only ended a generation or two ago. That's just one of many examples which meant that for many Americans, si
9.
by turingcompeteme 8y ago
These articles are silly, and don't understand alcoholism. They give a few examples of successful ways that people have quit on their own, and since lots of people did it that way, then it must be more effective than treatment. They mi
10.
by turingcompeteme 8y ago
> most alcoholics get better on their own. These statements and studies show how little the average person, even a doctor, understands about alcoholics. Anyone who's attended an AA meeting or worked with alcoholics can easily tell y
11.
by turingcompeteme 8y ago
Is there any 'wall' between the owners and editors of a newspaper? Does someone like Bezos now have access to similar information that the Times was hiding from the public shown here? That information would appear to be worth a lo
12.
by turingcompeteme 8y ago
I don't know about that. RATM are a festival-headlining, mass radio-played, commercial band, who wrote the same "protest song" over and over again. Killer Mike, Tom Waits, Bikini Kill and a lot of others on the list are less
13.
by turingcompeteme 8y ago
> I showed them it is statistically very unlikely they would find a better candidate So I get where you are coming from, but not having the 1/20 requirement is a much easier excuse than explaining why they don't want someone wh
14.
by turingcompeteme 8y ago
I realize this doesn't actually matter and I feel weird defending Renaissance... but Virtu is a public company and hasn't been doing that well, and returns from Citadel's various funds are not hard to find. Also, I don't
15.
by turingcompeteme 8y ago
Bigger sure, but can you point to one that has had better performance than the medallion fund?
16.
by turingcompeteme 8y ago
> the rituals embedded in the doctor-patient encounter that he thinks are fundamental to the placebo effect > “Medical care is a moral act,” he says, in which a suffering person puts his or her fate in the hands of a trusted healer. I
17.
by turingcompeteme 8y ago
Non of those things are helpful for gaining strength or building muscle. Do a basic barbell program and eat 6000 calories every single day and I guarantee you that you will see results.
18.
by turingcompeteme 8y ago
Bloomberg is also one of the most valuable tech companies in the world. Their entire business model revolves around providing accurate financial information. We happily pay $2k per month per person for it, partly because it is such a truste
19.
by turingcompeteme 8y ago
As an engineer who hadn't studied that type of math in quite a while, Elements was pretty tough and I was getting stuck a lot. ISLR introduces you to many of the same topics in a less rigorous way. Once I was familiar with the topics a
20.
by turingcompeteme 8y ago
This is neat. If you are looking for something a bit simpler: put your code in a python package, install it, and then use %autoreload You can now develop in your favorite editor, and changes are automatically reloaded. More detail here: ht
21.
by turingcompeteme 8y ago
Exactly. It's not about the teachers. My sister was an award winning teacher when she was at a good school. Now that she teachers on the edge of a reserve she has suddenly become "low performing". Take 50 ideal teachers who h
22.
by turingcompeteme 8y ago
I hope they aren't just using 13Fs to determine hedgefund holdings. I saw one being filed recently and I was amazed at how useless they are for determining a funds actual positions. You don't need to report short positions. This r
23.
by turingcompeteme 8y ago
The Signal and the Noise by Nate Silver talks about this a lot. From predicting politics to economics to sports to climate change, group predictions are almost universally better than individual expert predictions.
24.
by turingcompeteme 8y ago
The article exaggerates a little bit. The myth is that every person has one specific style in which they learn best, and that this is how they should ALWAYS be taught. Different ways of learning different subjects will be more or less effec
25.
by turingcompeteme 8y ago
The parents and grandparents of the children in her class were taken away from their families and put in residential schools where they were abused and mistreated their entire lives. They were then released back into the world with a very p
26.
by turingcompeteme 8y ago
> replaced all the teachers in a school with teachers recruited from the top 5 or 10 percent of all teachers in the country. My Sister and SO are both teachers and we've had this discussion. They believe that if you took a low perfo
27.
by turingcompeteme 8y ago
My sister is a teacher, and had been recognized as "high performing". She was even given some type of award. She always taught in pretty well off areas where students came from supportive families. A few years ago she moved to a s
28.
by turingcompeteme 8y ago
ii) I think the University of Waterloo has it figured out. Your degree takes 5 years, but you graduate with 6 4-month work terms under your belt. Many of these are at Big 4 and the like companies. ycombinator seems to like Waterloo grads as
29.
by turingcompeteme 8y ago
You seem to be focusing on a situation where there is a proposed solution with an obvious bad outcome, and somehow you are the only one smart enough to realize it will lead to a bad outcome. In my experience this is very rarely the actual c
30.
by turingcompeteme 8y ago
Kelly Brogan is an anti vaxxer and a HIV/AIDS denialist. It's very sad to see her getting linked here.

More ›