No, lots of economists don't. Especially considering how important of a problem it is. It's a "hot topic" because of public opinion at the moment. We have not been attacking it in new and creative ways for decades.
The fact that the field thinks it is a solved problem is a marvelous example of what the essay is talking about!
Two areas where I have a little experience: Economics: There are surprisingly little people studying very large, grand, topics such an inequality. You've probably heard of the handful of economists that do. It's…
Plus it's not like they are just handed out and you're on your own. A nice man or woman in a suit will spend many hours sitting beside you teaching you everything you want to know. And anytime you are confused you press…
Once you have a few terminals at your firm, Bloomberg will provide a dedicated router + tunnel on top off the regular security. The bad actor would likely need to be internal to Bloomberg, and at that point there is…
That's actually what is happening a lot of the time. The humans are just monitoring and stepping in when needed or when they get bored.
A trader has an idea about what inflation will look like in 2025-2030 (The 5 Year period starting 5 years from now). Lots of other people have ideas about the same thing, so there is a product you can buy or sell to bet…
From the 1975 US National Academy of Sciences/National Research Council Report ...we do not have a good quantitative understanding of our climate machine and what determines its course. Without the fundamental…
My good friend, as well as my Mom are family/young child psychologists, and they talk about people like you a lot. How's your mental health? People with negative self images, underdeveloped personalities, unresolved…
Despite not having children, I like hearing about my coworker's and friend's kids. Complaining about them can get old, but funny stories and things they are proud of are great to hear. I don't think I'm unique in this.
AQR published a paper on share buybacks last year [0] with the opening sentence "People seem to forget some of the very basic lessons of financial economics when it comes to share repurchases". One of the big things…
Huh? Why would you expect any of that in this letter?
It's funny reading all the debate about different wordings because it totally misses the point. The wording doesn't matter, only the delivery does. The recipients's interpretation of the question depends on who is…
Maybe you forget how many hours are in a day? After 40h a week at starbucks you can't consult, teach, sit on multiple boards, and program everyday. Also, I've worked as a barista. My high paying tech job is waaaay…
I learned most of this in school. Did everyone else not? My partner is a grade 2 teacher, and she covers a lot of this. Everything in learning skills, individual skills, social skills, and most of our world. You…
Toronto is a larger city than Chicago, and has more construction. We hold international conferences.
65 of the fortune 100 companies use slack.
This is a great start. You should spend an hour a week having a conversation about your shared future, whatever that may mean to you.
Nonsense. Eat 4000 calories a day, every day, and lift heavy weights. You will quickly gain lots of weight.
Here's a disappointingly simple and well known one: Momentum. It produces real, statistically significantly, excess risk-adjusted returns over an index. The remarkable thing is that it has been well known for decades,…
As someone who works for a quantitative hedge fund, you wouldn't believe how many similar results I see of researchers showing a statistically significant predictor of stock market returns. Almost every single one of…
From the original source: > Stock market returns are lower on polluted days. I don't want to dismiss the entire article, but I think this points to possibility that there is some bad statistics going on here. I don't…
Simons had other investment funds, but they were mainly focused on early stage, private tech companies. He did have about 10 years worth of poor-to-decent results running other hedge funds before he found real success…
It's an interesting idea, but in this case Fund B only came into existence after 15+ years of market beating performance by fund A. A funny thing from the recent book: One of Rentech's earlier employees spent his first…
I'm pretty suspicious of the idea that most companies have data that is too big for a non-distributed environment. I do think that most companies log lots of data in different places without much thought or structure,…
No, lots of economists don't. Especially considering how important of a problem it is. It's a "hot topic" because of public opinion at the moment. We have not been attacking it in new and creative ways for decades.
The fact that the field thinks it is a solved problem is a marvelous example of what the essay is talking about!
Two areas where I have a little experience: Economics: There are surprisingly little people studying very large, grand, topics such an inequality. You've probably heard of the handful of economists that do. It's…
Plus it's not like they are just handed out and you're on your own. A nice man or woman in a suit will spend many hours sitting beside you teaching you everything you want to know. And anytime you are confused you press…
Once you have a few terminals at your firm, Bloomberg will provide a dedicated router + tunnel on top off the regular security. The bad actor would likely need to be internal to Bloomberg, and at that point there is…
That's actually what is happening a lot of the time. The humans are just monitoring and stepping in when needed or when they get bored.
A trader has an idea about what inflation will look like in 2025-2030 (The 5 Year period starting 5 years from now). Lots of other people have ideas about the same thing, so there is a product you can buy or sell to bet…
From the 1975 US National Academy of Sciences/National Research Council Report ...we do not have a good quantitative understanding of our climate machine and what determines its course. Without the fundamental…
My good friend, as well as my Mom are family/young child psychologists, and they talk about people like you a lot. How's your mental health? People with negative self images, underdeveloped personalities, unresolved…
Despite not having children, I like hearing about my coworker's and friend's kids. Complaining about them can get old, but funny stories and things they are proud of are great to hear. I don't think I'm unique in this.
AQR published a paper on share buybacks last year [0] with the opening sentence "People seem to forget some of the very basic lessons of financial economics when it comes to share repurchases". One of the big things…
Huh? Why would you expect any of that in this letter?
It's funny reading all the debate about different wordings because it totally misses the point. The wording doesn't matter, only the delivery does. The recipients's interpretation of the question depends on who is…
Maybe you forget how many hours are in a day? After 40h a week at starbucks you can't consult, teach, sit on multiple boards, and program everyday. Also, I've worked as a barista. My high paying tech job is waaaay…
I learned most of this in school. Did everyone else not? My partner is a grade 2 teacher, and she covers a lot of this. Everything in learning skills, individual skills, social skills, and most of our world. You…
Toronto is a larger city than Chicago, and has more construction. We hold international conferences.
65 of the fortune 100 companies use slack.
This is a great start. You should spend an hour a week having a conversation about your shared future, whatever that may mean to you.
Nonsense. Eat 4000 calories a day, every day, and lift heavy weights. You will quickly gain lots of weight.
Here's a disappointingly simple and well known one: Momentum. It produces real, statistically significantly, excess risk-adjusted returns over an index. The remarkable thing is that it has been well known for decades,…
As someone who works for a quantitative hedge fund, you wouldn't believe how many similar results I see of researchers showing a statistically significant predictor of stock market returns. Almost every single one of…
From the original source: > Stock market returns are lower on polluted days. I don't want to dismiss the entire article, but I think this points to possibility that there is some bad statistics going on here. I don't…
Simons had other investment funds, but they were mainly focused on early stage, private tech companies. He did have about 10 years worth of poor-to-decent results running other hedge funds before he found real success…
It's an interesting idea, but in this case Fund B only came into existence after 15+ years of market beating performance by fund A. A funny thing from the recent book: One of Rentech's earlier employees spent his first…
I'm pretty suspicious of the idea that most companies have data that is too big for a non-distributed environment. I do think that most companies log lots of data in different places without much thought or structure,…