SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Gemlaoshi who wrote (76615)7/20/2011 10:21:55 AM
From: carranza2  Read Replies (1) | Respond to of 217791
 
Good points.

I missed the hypocrisy about Lehmann. I suppose it is ok to be non-transparent outside the walls of the hedge fund office.



To: Gemlaoshi who wrote (76615)7/20/2011 10:45:04 AM
From: oldirtybastard1 Recommendation  Respond to of 217791
 
"Rules based trading" is a pretty wide ranging set of behavior

I don't know where it says he is appalled that the gov't allowed Lehman to fail, but I think you need differentiate between his expectations of how a gov't will act with how his firm's trading algorithms tell them to act.

You guys should concentrate about what you can learn from him rather than criticize him, would be more productive. You can learn something from a toddler, not to mention a statistically confirmed investing superstar. The "Principles" do make decent bathroom reading, not to live by but to make you think, if you believe in optimization you will appreciate some of the ideas.

Then again,most people would rather work somewhere they can surf the web for at least 25% of their time at work, send emails to recruiters, work on their resumes, text front run trades from the floor to their buddies without being worried about cameras, and be generally much less than 100% accountable, which is all understandable.