Carl Benjamin / Sargon of Akkad / Akkad Daily / The Thinkery / @not_sargon / @WarPlanPurple - Leader of the "Liberalists" & Droning Pseudo-Intellectual Boomer anti-SJW Activist, Applebees Waiter, Mass Shooter Whiteknight

Would you rape Jess Phillips

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Goku 1000000 O said:
In his political compass test he advocates for computers to handle stocks instead of professional traders.
Apparently its because he saw a study that showed a random approach to trading and it had the same success rate as actual traders?
It was a remarkably half-baked take.
"I'm mean theres probably something about the stock market I don't understand, I'm sure it has its uses, but I don't like how it operates."
4:38-5:17
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Except computers already handle the stocks and they programed them to act like faster human traders... I bet he still thinks the modern NYSE consists of a bunch of traders yelling at overworked exchange employees running around like chickens with their heads cut off.
 
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BlancoMailo said:
Except computers already handle the stocks and they programed them to act like faster human traders... I bet he still thinks the modern NYSE consists of a bunch of traders yelling at overworked exchange employees running around like chickens with their heads cut off.
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I think he meant for stock predictions and the such. But that's being charitable to sargon.
 
Smarty Pants said:
Around GG a lot of people were claiming to be game devs for some reason.
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In Carl's case, you're being pretty unfair. All he wants to do is go back to being a successful independent game developer. But instead, the burden has been thrust upon him, and he has sacrificed his dreams to save us from tranny-shit in the name of Liberalists.

You ingrates!
 

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Retrodogkiller said:
I think he meant for stock predictions and the such. But that's being charitable to sargon.
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It's actually being less charitable considering getting rid of people in trading pits has largely already been done. It's still cool go to see one as a visitor though if you've never had the chance.

In terms of high speed trading. Humans create the models and parameters for the hst programs. Also cutting people out entirely is how you make flashcrashes and Knight Capital situations even worse (https://dealbook.nytimes.com/2012/08/02/knight-capital-says-trading-mishap-cost-it-440-million/;https://en.wikipedia.org/wiki/2010_Flash_Crash). I'm not saying machine learning doesn't have a place, but that still requires experienced financial and technical oversight.

He is also totally ignoring the IPO process, guidance, research models, and the knowledge type investing that made Bloomberg Terminals popular and Warren Buffet the legend he is today (admittedly Buffet would maybe be more acutely called an investor rather than a trader)

I'm not saying there isn't a place for algorithm based hst. It has been around for a long time and is somewhat popular. As usual, Carl has no idea what he is talking about.
 
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Goku 1000000 O said:
In his political compass test he advocates for computers to handle stocks instead of professional traders.
Apparently its because he saw a study that showed a random approach to trading and it had the same success rate as actual traders?
It was a remarkably half-baked take.
"I'm mean theres probably something about the stock market I don't understand, I'm sure it has its uses, but I don't like how it operates."
4:38-5:17
Click to expand...
Tbf to him he's a fucking idiot and probably misremembered a study about something else. Also failing to realise that computers already do large volumes of trade but don't take positions based on qualitative factors. His lack of knowledge in most things comes across blatantly in these instances.
 
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instythot said:
Because he's a fucking idiot and it's not really his kid so the money's not as important as it should be

But seriously, getting the payment processor thing fixed isn't going to be quick, if at all... so how is it worth 144k/year to not say "well, this is awkward. I phrased that really badly and I didn't mean to offend anyone. I understand how the thing I said could be taken in an extremely racist way and I apologize. I was trying to use the racist rhetoric against them, but I was angry and maybe I'm not eloquent enough to correctly do that even in a clear state of mind"?
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Because people would call him a cuck for it, and we all know Carl cannot take the bantz.
 
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capture2323-png.629408



I see why the liberalists are so dumb now. You see the raven took off with their lantern of knowledge into the Great Never Never, leaving them in the clutches of the Intellectual Dark Web. To be left in anguish and despair for 2,000 years until the ancestors of Sargon and Stefan Molymeme come together and form the Quizat Haderach. The one foretold by prophecy who will teach the values of the Non-Agression Principle and the free marketplace of ideas to an eager and grateful Western Civilization. And a New Age of Aquarius will begin.

Or maybe I'm just reading into shit.
 
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If Sargon had read Zerohedge instead of /pol/ and made a career complaining about the Federal Reserve, High Frequency Trading, and Ze Jews would he have been more interesting or more hilarious than the path he took in our timeline complaining about feminism and ze liberals?
 
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Lucas Silva #4903141 said:
View attachment 629838
Between this and the interview she did with him last year, I get the impression that she is a big fan of Sargon
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I'd say baffling, but she also chose to appear on Gavin's old Compound show well after the twin coke fueled lunacy/proud boys arcs were in full swing... so there's clearly some impairment in the "who in the media should I associate with?" lobe
 
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Spooky said:
It's actually being less charitable considering getting rid of people in trading pits has largely already been done. It's still cool go to see one as a visitor though if you've never had the chance.

In terms of high speed trading. Humans create the models and parameters for the hst programs. Also cutting people out entirely is how you make flashcrashes and Knight Capital situations even worse (https://dealbook.nytimes.com/2012/08/02/knight-capital-says-trading-mishap-cost-it-440-million/;https://en.wikipedia.org/wiki/2010_Flash_Crash). I'm not saying machine learning doesn't have a place, but that still requires experienced financial and technical oversight.

He is also totally ignoring the IPO process, guidance, research models, and the knowledge type investing that made Bloomberg Terminals popular and Warren Buffet the legend he is today (admittedly Buffet would maybe be more acutely called an investor rather than a trader)

I'm not saying there isn't a place for algorithm based hst. It has been around for a long time and is somewhat popular. As usual, Carl has no idea what he is talking about.
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To be fair to Carl, HFT isn't about stock prediction - it's used to make money by arbitrage.
 
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Lucas Silva #4903141 said:
View attachment 629838
Between this and the interview she did with him last year, I get the impression that she is a big fan of Sargon
Click to expand...

instythot said:
I'd say baffling, but she also chose to appear on Gavin's old Compound show well after the twin coke fueled lunacy/proud boys arcs were in full swing... so there's clearly some impairment in the "who in the media should I associate with?" lobe
Click to expand...

Her entire brand is essentially a sort of porn for grandparents. Not nudity and sex, but "ohhhh, she says the boomer shit I believe in and she's a... MILLENIAL!!!! ohhhh!!! ohhhh!!! what if my grandson was more like her and not a disappointing socialist??? ohhhh!!!"

I mean, let's face it, there's a low bar here where essentially she gets clicks by dropping right-of-center opinions as a young adult and meanwhile aligning herself with the "scandalous, censored Intellectual Dark Web" whilst being completely bland and inoffensive herself, so the bar for who to associate with is set low. Fuentes Thot-Patrolled her and that other conserva-chick with "Millenial" in her handle
 
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