How Markets Work
3-Card Macro
A rare excursion into macro
How Markets Work
How Markets Work
Finance Guilt
Defending finance careers
How Markets Work
Notes From SIG's Todd Simkin
This interview lifts the veil a bit on SIGs trader education program and culture.
How Markets Work
Using Insurance For Tax-Free Investment Growth
Insurance is a surgical tool -- use it carefully
How Markets Work
What The Widowmaker Can Teach Us About Trade Prospecting And Fool’s Gold
How an option market decomposes probability from expectancy
How Markets Work
Getting Less Screwed On Compensation
Trading risk reversals on your bonus
How Markets Work
How I Misapplied My Trader Mindset To Investing
On overlearning lessons
How Markets Work
Why Investing Feels Like Astrology
Textbooks are far behind the market meta-game
How Markets Work
Bubbles: Knowing You’re In One Is Not Even Half The Battle
Knowing something is a bubble doesn't prescribe an easy action
How Markets Work
Shorting In The Time Of ShitCos
A qualitative appreciation for the asymmetry of shorting
How Markets Work
Understanding Edge
The foundation of all trading
How Markets Work
Twitter Reminds Me Of The Trading Pits
Information games
How Markets Work
Distributional Edge vs Carry
The problem with buying "low" and selling "high"
How Markets Work
A Former Market Maker’s Perception of PFOF
Payment for order flow, market segmentation, and returns to scale
How Markets Work
Prices Are More Than Expectations
The difficulty of extracting what markets imply
Risk and Edge
Measurement Not Prediction
Seeing the present clearly