LATEST BLOGS

Soc Gen

On Monday, January 21, 2008, concerns about deteriorating economic conditions in the United States caused a precipitous fall in the Asian markets. Investors in Hong Kong and Tokyo besieged brokerage firms. Markets in the United States happened to be closed, for the Martin Luther King, Jr., holiday, but U.S. stock-futures trading in foreign markets showed…

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HFT

In recent years, advances in telecommunications, computing capacity and financial software platform capabilities have seen huge growth in the field of High Frequency and Algorithmic Trading (now accounting for over 70% of all equity trades placed on US exchanges and in excess of 77% in the UK).  HFT firms (which can often make more than 80…

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Twitter For Decision Making

Most people know my opinion about twitter – it is the intellectual equivalent of yelling things from a moving car. As such this attempt to to use twitter to track market sentiment doesnt thrill me too much. As an old stats tutor used to constantly drum into our not very bright heads – correlation does…

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Twitter For Decision Making

Most people know my opinion about twitter – it is the intellectual equivalent of yelling things from a moving car. As such this attempt to to use twitter to track market sentiment doesnt thrill me too much. As an old stats tutor used to constantly drum into our not very bright heads – correlation does…

Read more

UBS

How do you inform your employees that one of them has flushed $2B down the toilet – like this. Dear colleagues, We regret to inform you that yesterday we uncovered a case of unauthorized trading by a trader in the Investment Bank. We have reported it to the markets in line with regulatory disclosure obligations.…

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UBS

How do you inform your employees that one of them has flushed $2B down the toilet – like this. Dear colleagues, We regret to inform you that yesterday we uncovered a case of unauthorized trading by a trader in the Investment Bank. We have reported it to the markets in line with regulatory disclosure obligations.…

Read more

Alpha Or Beta

WSJ:One evening a week, a group of CEOs meets in a Manhattan psychiatrist’s office and engages in an ancient ritual. Ostensibly, it is a support group. Inevitably, it becomes a battle for dominance.”Whenever you put alpha males together, the most aggressive will overpower the others,” says T. Byram Karasu, the veteran psychiatrist who has run…

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Intuitive Thinking

The marvels and the flaws that I’ll be talking about are the marvels and the flaws of intuitive thinking. It’s a topic I’ve been thinking about for a long time, a little over 40 years. I wanted to show you a picture of my collaborator in this early work. What I’ll be trying to do…

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Intuitive Thinking

The marvels and the flaws that I’ll be talking about are the marvels and the flaws of intuitive thinking. It’s a topic I’ve been thinking about for a long time, a little over 40 years. I wanted to show you a picture of my collaborator in this early work. What I’ll be trying to do…

Read more

Alpha Or Beta

WSJ:One evening a week, a group of CEOs meets in a Manhattan psychiatrist’s office and engages in an ancient ritual. Ostensibly, it is a support group. Inevitably, it becomes a battle for dominance.”Whenever you put alpha males together, the most aggressive will overpower the others,” says T. Byram Karasu, the veteran psychiatrist who has run…

Read more

The Political Impasse in Europe Explained With Lego

The toreador in a floppy hat, and the F1 driver with his helmet, represent Spain, Italy and the rest of the Euro Periphery. The three men with helmets, shields, and medieval weaponry represent the CDU, CSU and FDP parties in Germany. The blue-and-white sailor boy is Finland. Obvs. The woman with an oversized carrot and her friend in…

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