Capitalogix

Here Are Some Links for Your Weekend Reading

Just a saw an interesting Elon Musk quote:  "Boil things down to the most fundamental truths, and reason up from there."

 

 

 

Here are some of the posts that caught my eye. Hope you find something interesting.

 

Lighter Links:

• How to Build a Culture of Originality. (Harvard Business Review)
• 9 Influential Speeches that Changed the World. (BusinessInsider)
• Jet App Allows You to Share Flights with Celebrities. (CNBC)
• Questions, Answers on New Rules for Americans Visiting Cuba. (AP News)
• One of the World's Top Aging Researchers Has a Pill to Keep You Feeling Young. (FastCo)

 

Trading Links:

• Fintech’s Tipping Point is Imminent, New Report Says. (CoinTelegraph)
• BANK of AMERICA: Long Robots, Short Humans. (BusinessInsider)
• The Uberization of Banking. (Wall Street Journal)
• A 40-Person Startup Just Bought a 1,100-Person Company, Because 2016. (Mashable)
• For Stan Druckenmiller this is "The Endgame" - His Full 'Apocalyptic' Presentation. (ZeroHedge)

Borsellino: futures trading then and now

I just got back from chairing and speaking at a Quant/Algo Trading Conference in Chicago.  Very interesting!

While there, I met with Lewis Borsellino, a well-known S&P 500 and Eurodollar futures trader and author.

Here is a picture of him in the Pit, back in the day.

 

via TastyTrade.

In the mid-eighties, Borsellino claims to have been responsible for 10 percent of a day's volume in the S&P 500 pit and to have accumulated more fines for physical incidents than any other floor member at the CME.

We talked about how many of the advantages he had by being a big player in the trading pits are now being realized by algorithmic and high-speed traders.  I smiled when he called himself the "original spoofer."  

Here is a picture of him now.

 

Change is the only constant.

It's funny how despite the pace of  change, so much stays the same.

The playing field may change, but you still have to play the game.

Related articles

The CME will close most of its open outcry trading pits by this summer

Wall Street sounds off as the Chicago trading pits go quiet for the first time in 167 years

Are You In the 1%?

Where you sit in the country's economic hierarchy?

Thanks to research from the Economic Policy Institute (EPI), a nonpartisan think tank, we now have an in-depth analysis of income distribution trends.  

   

via EPI.

 

EPI's website also has an interactive fact sheet that displays in-depth information state by state.  On those fact sheets visitors can find statistics including what percentage of income growth the top 1% has snagged since 1979 and 2007 and how much income has grown for the top 1% and the bottom 99% between 2009 and 2012.

In 17 states, all income growth between 2009 and 2012 went to the top 1%.

New York and Connecticut are the two most unequal states, with the average 1%-er earning over 48 times what the rest of those states' populations earn. West Virginia is the least unequal state with a still-huge income disparity of 16 to 1 on average.

Here Are Some Links for Your Weekend Reading

Somebody has to win the election.  16sucks.com hopes it will be them, by selling "Everybody sucks" 2016 campaign signs to America's feeling about the two presumed main contestants for the presidency in November. 

Presumed Democratic nominee Hillary Clinton's net "strongly unfavorable" rating is hovering at about 37% these days (around 5% higher than the previous high for candidates getting close to the general election), according to FiveThirtyEight.

Meanwhile, Republican presidential candidate Donald Trump makes Clinton look beloved. His "strongly unfavorable" rating is sitting at about 53%, which is off-the-charts awful for a candidate who is supposed to compete for the White House. 

  

 

Here are some of the posts that caught my eye. Hope you find something interesting.

 

Lighter Links:

• 4 Hard Questions to Ask about Your Company’s Purpose. (HBR)
• 25 Geniuses Who are Creating the Future of Business. (Wired)
• Can You Get Hacked Mid-Air? The Answer Is YES. (USAToday)
• Aging Runners Find Help for a Question: How Slow Will I Get? (NYT)
• 36 Pictures to See Which Muscle You’re Stretching. (LifeHack)

 

Trading Links:

• How Buyers React When Prices Rise and Fall. (New York Times)
• This is Why People Get Addicted to Gambling. (The Conversation)
• Hedge Fund Outflows Will Reach at Least $25 Billion this Year. (Fortune)
• "A Scramble for Gold Has Begun". (ZeroHedge)
• A Clever Algorithm Generating Millions of Random Ideas is Turning the Tables on Patent Trolls. (Quartz)

Medical errors now third leading cause of death in United States

Medical errors are the 3rd leading cause of death according to Johns Hopkins.

 

via Washington Post.

 

What?

Hope you stay well enough to stay out of the medical system.

 

Related Articles

The Leading And Most "Distinctive" Causes Of Death In Your State

Here Are Some Links for Your Weekend Reading

The new GOP Symbol says it all.

 

 

Here are some of the posts that caught my eye. Hope you find something interesting.

 

Lighter Links:

• The Incredible Power of Ignoring Everything. (Washington Post)
• 3 Scientifically Proven Ways to Optimize Your Brain. (Inc)
• Will the Singularity Mean the Death of Religion? (Kernel)
• How One Doctor is Waging War on Bulls**t Science. (Huffington Post)
• If You're Alive in 30 Years, Chances are Good You May Also Be Alive in 1000 Years. (HSK)
•  

Trading Links:

• Why We Think We’re Better Investors Than We Are. (New York Times)
• These 7 Iconic NYC Properties are Now Owned by the Chinese. (Video)
• China Central Bank to Fed: a Little Help, Please? (Reuters)
• Global IPOs at 7-Year Low. (Insider)
• Dark Days are Here Again on Wall Street-Investment Banking Earnings down 36% YTD, Lowest since Q1 2009. (David StockMan's Contra Corner)

A Sophisticated Trump

What if Donald Trump had elocution lessons?

Here is a video where his voice was dubbed to sound British.  Nonetheless, all words are verbatim.

Interesting and funny.

 

 

 via YouTube.

Two Steps Forward, One Step Back - Still Leads to Progress

Here is a photo of the Capitalogix team noting a successful test release.

 

 

When you play a big enough game ... the journey is long ... and it can't just about the final result. 

On a day-to-day basis, it is about sucking less, measuring progress, moving forward ... and remembering to celebrate along the way.

Remember, the tip of the iceberg is only part of the story.

  

The Iceberg Illusion by Sylvia Duckworth, (Flickr CC license).

 

The Iceberg Illusion reminds us that when you see a company killing it - most of the time, all we got to see was the success part at the top, not the struggles and failures it took to get there.

Here's to the focus, learning, resilience, and patience that got us here!

Onwards.

Here Are Some Links for Your Weekend Reading

Behind the Scenes: How the FBI Solved It's iPhone Problem.

 

 

Here are some of the posts that caught my eye. Hope you find something interesting.

 

Lighter Links:

• Dan Sullivan Defines Unique Ability. (Video)
• Why Creating a To-Do List Is Derailing Your Success. (FastCompany)
• Find Out How Much You’ve Spent on Amazon Since Opening Your Account. (LH)
• This Is Why Women Live Longer Than Men. (Brightside)
• All Politicians Lie. Some Lie More Than Others. Here is a Comparison. (NYT)

 

Trading Links:

• Is the Stock Market Still Rigged? (Time)
• JPMorgan Has New Theory About What Really Caused the Flash Rally. (Bloomberg)
• Wall Street Banks are Using Artificial Intelligence to Monitor Traders. (BizInsider)
• Islam in Europe: Perception and Reality. (Economist)
• Expect More Money Printing. (ValueWalk)

How High Is High - Bay Area Home Prices by Transit Stop

I was just in a San Francisco restaurant for a lunch meeting.  We had a burger and a salad - the bill came to $60.  It was a good burger ... but come on!

Likewise, it's no secret, Bay Area home prices are among the highest in the country.

Below is a chart that shows how those prices vary depending on which Caltrain stop a home is near.  To do this, Estately Real Estate Search analyzed the last six months of home sales for houses, townhouses, and condos that were within a one-mile radius of each transit stop, then broke them down by price per square foot.

Take a look:

 

 

At an average of $1,630 per square foot, Caltrain's California Avenue stop, in Palo Alto, is the Bay Area's most expensive transit stop based on nearby home prices.

So, do you feel better about real estate prices in your area?

 

Related articles

How Much House Will a Million Dollars Buy In Your City?

The New "Middle Class" - Making $250,000 A Year In Palo Alto Qualifies For Housing Subsidies