I recently went to an Market Traders Association meeting in Boston with another Fx Trader Clair Wyant. Its good to meet other Fx traders near you and if you live around the Boston area feel free to drop a line, we can grab coffee.
Anyhow, Vikram Mansharamani, author of Boombustology, spoke of some interesting indicators that he found that would uncover boom and bust cycles. His examples consisted of Sotheby's stock price, a new world tallest skyscraper and actual prices of items bought in auctions compared to the appraisal price. He highlighted a ancient Chinese vase that sold for an absurd amount of 43 mil. GBP. Lesson learned: a bloated prosperity concentrated in few, combined with your taxi driver talking about high tech stocks was a good highlighter of a boom about go bust.
After his presentation and the networking time afterwards I met a few interesting people but one of them made me want to throw a vase at the establishment so to speak. It wasn't his fault. He was a nice individual. It was more so the scam I felt I was a victim of. John Doe was a junior at Boston University and worked at a small <10 person hedge fund in Boston. It was ironic because he admitted he didn't know very much about economics, equities, fx, investing, or trading for that matter and it made me really frustrated that I couldn't relate to someone my own age, and in my own major. Its difficult to find competent, impassionate people even in my university... unless its connected to homework, papers, or exams, no-one wants to hear it.
As you can tell now, this scam I felt a victim to was the formalized public and private education system. It may be harsh that I call it as such and to be truthful is only partially so. I will have to give credit that it can do a great job educating you to becomesomeone's bitch, a successful employee for some firm. I for one, have been increasingly disillusioned the more years I've spent in this system and I've just about had it. Call it an inverse relationship. Educational Loans are just enough pathway to becoming an indentured servant/ slave. I call shenanigans!
I'm still an obsessive reader and no longer care for the confines of introducing/ intermediary university classes. Informal, passionate learning-by-doing is the only way to go. I started reading Fooled by Randomness by Nassim Nicholas Taleb and I cannot help by feeling elated for the sense of vindication I get from realizing that thinking in a probabilistic manner instead of historical biases is going to be a good way to go in the long run. It has officially gotten me interested in Monte Carlo simulations and I look forward to embedding them in equity curve simulations.
As you all know, the world is in a bit of a sovereign debt debacle. It can't end well in a formula where accumulation of wealth is the primary objective of all actors and representative forms of government lead to abuse of power..its only a matter of time when the bills of Karma come due. The invisible hand is only invisible because it was chopped off for stealing from their neighbor.
So while Greece remains broke, America is in denial, China admits its evil, Japan is in nuclear ruin, Anonymous without it's hacker heads are targeting the IMF...while Strauss-Kahn is waiting for trial. What a punchline.
Shakespeare created Tragedies and Comedies as life is a reflection of both aspects. I'll sit here laughing and crying surreptitiously as I write the epic poem of all of humanity's potential futures in hope that I may have a hand to change it for the better. Wait 'til I flip that hand, because we are nation of Facebook and Google and even as Machiavelli's the Prince taught modern leaders how to lie to their public, our forefathers never had the internet.
Your "burning down the great-firewall of bullshit non-analyst" analyst,
Darren Tseng
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Anyhow, Vikram Mansharamani, author of Boombustology, spoke of some interesting indicators that he found that would uncover boom and bust cycles. His examples consisted of Sotheby's stock price, a new world tallest skyscraper and actual prices of items bought in auctions compared to the appraisal price. He highlighted a ancient Chinese vase that sold for an absurd amount of 43 mil. GBP. Lesson learned: a bloated prosperity concentrated in few, combined with your taxi driver talking about high tech stocks was a good highlighter of a boom about go bust.
After his presentation and the networking time afterwards I met a few interesting people but one of them made me want to throw a vase at the establishment so to speak. It wasn't his fault. He was a nice individual. It was more so the scam I felt I was a victim of. John Doe was a junior at Boston University and worked at a small <10 person hedge fund in Boston. It was ironic because he admitted he didn't know very much about economics, equities, fx, investing, or trading for that matter and it made me really frustrated that I couldn't relate to someone my own age, and in my own major. Its difficult to find competent, impassionate people even in my university... unless its connected to homework, papers, or exams, no-one wants to hear it.
As you can tell now, this scam I felt a victim to was the formalized public and private education system. It may be harsh that I call it as such and to be truthful is only partially so. I will have to give credit that it can do a great job educating you to become
I'm still an obsessive reader and no longer care for the confines of introducing/ intermediary university classes. Informal, passionate learning-by-doing is the only way to go. I started reading Fooled by Randomness by Nassim Nicholas Taleb and I cannot help by feeling elated for the sense of vindication I get from realizing that thinking in a probabilistic manner instead of historical biases is going to be a good way to go in the long run. It has officially gotten me interested in Monte Carlo simulations and I look forward to embedding them in equity curve simulations.
As you all know, the world is in a bit of a sovereign debt debacle. It can't end well in a formula where accumulation of wealth is the primary objective of all actors and representative forms of government lead to abuse of power..its only a matter of time when the bills of Karma come due. The invisible hand is only invisible because it was chopped off for stealing from their neighbor.
So while Greece remains broke, America is in denial, China admits its evil, Japan is in nuclear ruin, Anonymous without it's hacker heads are targeting the IMF...while Strauss-Kahn is waiting for trial. What a punchline.
Shakespeare created Tragedies and Comedies as life is a reflection of both aspects. I'll sit here laughing and crying surreptitiously as I write the epic poem of all of humanity's potential futures in hope that I may have a hand to change it for the better. Wait 'til I flip that hand, because we are nation of Facebook and Google and even as Machiavelli's the Prince taught modern leaders how to lie to their public, our forefathers never had the internet.
Your "burning down the great-fir
Darren Tseng
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