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mircea_popescu: just so happens i'm millitant against dumbass special chars. wrote romanian for years w/o any of their little squigly shits
mircea_popescu: you're the first one to have mentioned it, so i guess we got something here.
mircea_popescu: well then maybe... YOUR terminal has some localisation weirdness ?
mircea_popescu: me too. but for some reason wp decided " is to be curlified
mircea_popescu: i can't stnad localised kbds. never used anything but us101
mircea_popescu: this attitude as if "control" is something that's feasible, possible, desirable or even allowable is getting on my nerves.
mircea_popescu: then they suddenly saw 1bn+ in capital and well... there just wasn't room to spend that much in their intended market
mircea_popescu: LCTM is actually a fine example. the idea of arbitraging off-run bonds is probably workable, if you keep expenses low.
mircea_popescu: to get any benefit from the fins discussion of statistics we'd have to have solved all the other problems
mircea_popescu: anyway, im not so sure moving from gauss to galton will necessarily benefit anything.
mircea_popescu: merton is basically "let's consider holding a company as the equivalent of holding an european style call on its assets"
mircea_popescu: just like on the strength of their revenue generating abilities, miner bonds shouldn't really have seen investment over the 100 btc mark for the entire slate.
mircea_popescu: sorta like miner bonds in btc. on the strength of their revenue generating abilities, us investment banks for instance are 100 to 1000x oversized, all through the 90s and 00s
mircea_popescu: this is of course not the case : financials are overbought by degrees of fucking magnitude in the past decade+
mircea_popescu: they imply that the spreads observed in the market are correct
mircea_popescu: The Merton model has been shown to be empirically accurate for non-financial firms, especially manufacturing entities. The highly leveraged nature of financial firms produces CDS spreads which are significantly higher than observed in the market due to the asset diffusion process.
mircea_popescu: i considered him an idiot since about a week ago, or was it two.
mircea_popescu: has not the incentive and thus not the ability to back down when they've been proven wrong.
mircea_popescu: a person that has not the experience of a good beating
mircea_popescu: still not fully restored power in manhattan have they ?
mircea_popescu: judging by calls closing i guess there's not going to be much more of a jump.
mircea_popescu: basically an value investing vs efficient market theory vote.
mircea_popescu: at least he doesn't seem to be targetting you particularly.
mircea_popescu: Stopped by Meze Grill today. It was one of my must-visit places during my trip to NY. The food was DELICIOUS! But, I was informed that they don't take Bitcoin any more. "It didn't work out" Anyone have any idea why?
mircea_popescu: i don't think he understands much of what's going on around him.
mircea_popescu: welll... basically, some months ago MPOE-PR called him a scammer.
mircea_popescu: mother of god, giga's thread is on page 72 ? was 64 yest
mircea_popescu: literally, there is no longer any possiblity, no matter how theoretical. all has been used.
mircea_popescu: "It is not only GLBSE users that did not file claims or got double payments, some users that filed their claims and did not receive double payments are also not on the lists. "
mircea_popescu: ;;rate Bargheimer 1 Runs the biggest fish game. Nice coding.