Prop trading
A stylized fact of financial markets is that there are some risk-loving retail traders who like to make highly levered bets on stocks, currencies, commodities and crypto, and in the medium run almost all of them will lose almost all of their ... See more
*PREDICTION*
As teams all across baseball gear up for the Winter Meetings to start, there have been reports that this year’s event could be very eventful. Oftentimes, the Winter Meetings can just be full of rumors, but many insiders across the league are ... See more
Cooperation
Here is
- A company borrows $1,000 in good times from a bunch of lenders.
- It runs into bad times, can’t pay back the $1,000, and needs more money to stay afloat.
- It goes to some of its lenders — ones who hold 51% of its debt — and says “Lo... See more
SCONE-bench
I
- Stealing crypto is ...
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SCONE-benchI wrote yesterday about the generic artificial intelligence business model, which is (1) build an artificial superintelligence, (2) ask it how to make money and (3) do that. I suggested some ideas that the AI might come up with — internet adver... See more
