Debunking the Intrinsic Value Argument
I have to admit to having updated my mind about the “intrinsic value” argument that many people cite as a justification for treating gold as a money (vs paper currency). I’ve previously attempted to explain away this argument as a…
Notes: Bitcoin Exchange
Plan for an international fully electronic exchange. * Objectives – eliminate latency arbitrage . secretize info All bids submitted cryptographically? with market clearing at fixed intervals (once a sec)? should depth be published? . publicize info Distributed clearing algorithm, every…
Notes: Quantopian
The finance industry is very secretive. Not only about what they do (so to avoid strategy/capability leak to competitors) but also in who they are. Consequently it is difficult to get hired. The best strategy is to become well known…
Physics of Wall Street
Yesterday I attended a book talk given by a young professor here in the Philosophy department, James Weatherall, promoting his a recent work, The Physics of Wall Street. James told a rousing good story concerning many famous characters. Each chapter…
What I want for Financial Planning software
My finances are currently not that complicated. But, I still want some infographics that depict my budget, expenditures, income, overall asset allocations, etc. I’m not entirely sure how each of these would appear. It might be possible to implement the…
Born v. Greenspan
PBS Frontline has produced a show, The Warning which documents the CFTC’s attempt to introduce regulation to avoid a financial crisis brought about by the derivatives market. It cronicles how the three marketeers, Greenspan, Summers, and Rubin successfully shut Born…