Feb

21

Spec sampler

February 21, 2025 |

Asindu Drileba recommends:

The Count of Monte Cristo was my favourite movie of 2024. I would recommend it to specs as it has a very interesting stock market trading segment. The stock trading segment was brilliant in that it incorporated ideas from poker (previously discussed in this list). It's also a good demonstration Howard Mark's "Second level thinking", and the use of deception in the market.

Also, the best description of the Fourier transform I have seen so far.

Jeffrey Hirsch is on IBD:

How To Trade Trump 2.0 And Why DeepSeek Is Not The End Of The AI World | Investing With IBD

Big Al offers:

Humorous and with many lessons:

How I Helped to Make Fischer Black Wealthier
Jay R. Ritter, Cordell Professor of Finance at the University of Florida

Hillary Clinton wasn't the only person who made money speculating in the futures market during the late 1970s and early 1980s. A lot of finance professors did, including me. However, I used a different strategy than Hillary. Following the advent of stock index futures trading in 1982, many finance professors started playing the turn-of-the-year effect. The most popular approach was to buy the Value Line futures and short the S&P 500 futures. This is what I did. Of course, if there is easy money to be made, prices should adjust as the market learns, and a perpetual money machine will cease to exist. But I figured out a way to still make money. Or so I thought. Unfortunately, there was an unexpected danger in my strategy. In 1986, Fischer Black of Goldman Sachs figured it out and took me to the cleaners.


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