finance

“Futures aren't a paper bet on the direction of prices determined by some independent process. Futures themselves *determine* the price of most physical oil traded today. The futures price (+ or - the differential) literally *is* the price of oil.”

“This was “first let’s kill all the speculators” week on Capitol Hill, and it was not a pretty sight. On Monday, the House Oversight and Investigations Subcommittee held an eight-hour hearing (!), the sole purpose of which was to decry more...

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One thing that I've been getting a lot of requests about is the ongoing mortgage mess in the US.

“weird story of the QQ, a virtual currency from a Chinese social software company that turned into a real-world currency that threatens to destabilize the national currency of China”

As you know, market selection for the entire fund is guided by a proprietary investing tool we like to call ``a dartboard.'' Once the asset classes are decided, individual security selections are generated by digitizing our unique hexagonal cuboid models. more...

“100% Kelly strategy marks the boundary between aggressive and insane investing”

Statistical Mechanics of Money, Income, and Wealth. In a closed economic system, money is conserved. Thus, by analogy with energy, the equilibrium probability distribution of money must follow the exponential Gibbs law characterized by an effective temperature equal to the more...

“Although I have been told that I’m stupid for doing so, I often find that it makes financial sense to go against the crowd.”

Israeli eToro is taking a novel approach in simplifying Foreign Exchange (Forex) trading by packaging the complicated concepts involved in trading one currency against another, in fun non-threatening wrappers.

So the question “how can I repay a loan with interest; where does the extra money come from?” becomes “how can someone give back more wealth than they were loaned; where does the extra wealth come from?”.

Why I bought an Audi A4