In the high-speed world of automated financial trading, milliseconds matter. So much so, in fact, that a saving of just six milliseconds in transmission time is all that is required to justify the laying of the first transatlantic communications cable for 10 years at a cost of more than $300m.
A view from my office (well, one of my offices). They’re making fast work on One World Trade, maybe a floor a week. It’s astounding, after so many years of nothing, to see much something.
are you paralyzed with fear? that’s a good sign. fear is good. like self-doubt, fear is an indicator. fear tells us what we have to do. remember our rule of thumb: the more scared we are of a work or calling, the more sure we can be that we have to do it. resistance is experienced as fear; the degree of fear equates the strength of resistance. therefore, the more fear we feel about a specific enterprise, the more certain we can be that that enterprise is important to us and to the growth of our soul.
–steven pressfield, on transcending fear in the creative process.
tada — over & over again, tada. via curiositycounts & spaceships.
(via goodeggs)
Via good eggs.
BLOKE FLOATS North Carolina resident Jonathan Trappe has become the first person to cross the Alps using helium-filled balloons as his method of transport, making the historic trip in just under 12 hours. (Photo: Trappe / Barcroft Media via the Telegraph)
Regulation won’t make a lick of difference. Most people who claim to regulate can barely understand half of what I see pass my screens every day. Reactive legislation means nothing when the damage has already been done.
It is the individual company’s (and futher, the trader’s supervisor’s) responsibility to understand what controls are currently in place to monitor trading activity, and to either place a collar on tradeable volume, or have others sign off on daily P&L so that they are forced to acknowledge they are also accountable.
Lastly, one bad business model should not sully the entire industry’s name. $2B in volume sounds like a hell of a lot of money until you remember just how huge daily trading volume can be (~$150 - $200B just on the NYSE).
(Source: inothernews)
It depends. You have a college degree, right? That’s good. I mean, people with college degrees are the fastest-growing category of people declaring bankruptcies, but it’s still good to have a college degree, unless getting it completely sunk you in unsustainable student debt, in which case you better hope it lands you a high-paying job, but of course even a Harvard law degree can’t get you a job these days. But you still get the knowledge you learn in college, which is priceless, or so they would like you to believe, particularly if you attended, say, The University of Phoenix.
– A Simple Guide to Your Bleak Financial Future (via sweetiewolfie) Via One more way to waste time...
Uh, yeah, my head shakes, Larry. I have Parkinson’s. I’m - I’m - I’m a head-shakin’ fool. I’m always shakin’.
– Michael J. Fox to Larry David after Larry accused him of giving an accusatory, negative head shake. (via whydoihaveablog) Via Wait, what.
I gotta make one of these Chris-sized.
Yes!
Anybody else immediately picture that scene in Fear and Loathing in Las Vegas when he wakes up in a haze to find his hotel suite trashed and he’s wearing that awesome lizard tail?
Yeah!
The sun sets over the water lily field in the Main Ring of Fermi Lab on Saturday, Aug. 27.
About me
Newlywed, Music, Fitness, Finance, NYC, and College Football.I live life with no regrets.
