sysgen [none/use name,they/them]

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Joined 4 years ago
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Cake day: July 25th, 2020

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  • Many/most reputable places that do this kind of trading have fixed whole market exposure, either long only or long/short (and a lot are long/short). The idea being that since it’s mathematically impossible for the average hedge fund to beat the market in the long term by much (tbf, less so since the rise of index funds), they should at least be able to provide returns that aren’t correlated to the stock market, as any idiot can get correlated returns.

    Besides, everyone knows that just because things are getting worse doesn’t mean number won’t go up - you’d typically trade on the belief that number go up in some more sophisticated way, perhaps by predicting what the fed will do to make sure number go up, or how the books will be cooked to make sure number go up.


















  • 95-97% of the people in a typical high finance office are working class or PMC people. The reason why finance is so lucrative is because it concentrated wealth so effectively. I know this because I was an IT guy in a very very high finance firm a long time ago - the vast majority of people are paper pushing schmucks and excel/PowerPoint contortionists and, like, 3-4 guys are partners or whatever and take the dough. And most of the times they’re going to be at home or on a trip sipping martinis, possibly with clients. Another 4-12 people are going to be sharing a bit of the profits in exchange for overworking the rabble. It’s a bit different nowadays since the quantitative finance people took over a lot of it and they only employ people that could work in tech but yeah traditional finance is mostly a PMC trap. The bourgeoisie is too smart to spend their life in a cubicle. At most there would maybe be the replaceable CEO.