While I totally agree with this, I think you should still get a drivers license. There's always a very real possibility that you may need to drive a car in some sort of emergency.
The Messi comment wasn't trying to be snarky. Was trying to foster an actual conversation about what it means to be great and how does context matter. Sorry if it came across as insulting or uninteresting- that was not my intention.
Financier: The biography of Andre Meyer by Cary Reich. The book goes into the beginnings and psychology of one of the most important investment bankers of the 20th century. It also goes into great detail of the toxic nature of banking and the Genesis of complexity in modern dealmaking.
I've heard both sides of the debate (art should not be treated as commerce vs art has investment value). I think it's a very confusing debate as I see the point of both sides. Art is made to evoke beauty in all sorts of ways that we can appreciate. in an ideal world, we should not attach a sense of bazaar to it. At the same time, we need a better idea of value in art (and the illusion that said value is at least roughly quantifiable) to create an industry where art can flourish. Artists should be paid. Dealers should be paid. Neither of those things can happen without people thinking the value of their art can go up.
Their selling point is trustworthiness, privacy and usefulness. To be useful, they must have quality software/IP. And in their opinion, that should be protected.
I find this phenomenon similar to many other diseases. A certain diet or lifestyle works wonders in preventing it. But if you have it, there is little you can do to treat it outside of medical treatment. Eg diabetes, kidney failure, cancer.
Perhaps (just perhaps), Quantopian is gathering (or has gathered) the evidence that B > A. If so, this is a great investment.
Regarding institutional money, they have been around for a few years. I'm not sure about how long they've been running the competition, but they certainly have been running an asset management service for some time - and would have impeccable records regarding this.
In other words, there is a lot about Quantopian that we don't know and so it would be difficult to make a judgement call on the quality of AH's investment.
Agreed. It's like:
America: "Kid's here have a better chance of becoming super-rich or super-powerful - maybe even President.. Forget about health care and income equality"
Europe: "Whatever, everyone here is middle class, self-fulfilled and happy... Forget about balanced budgets, unemployment and negative interest rates..."
Rest-Of-World: "Dammit, I just want to survive..."
Again, you can't sell deposits. Chase assumed the business of WaMu, which included liabilities - mostly deposits. Deposits are a liability and it is impossible to sell a liability. So saying "they sold their deposits to Chase for less than the amount of the deposits" is entirely inaccurate. It's somewhat counter-intuitive because deposits "seem" like assets and loans "seem" like liabilities - but it's actually the other way around on the balance sheet.