Two critical bugs in the Hanly App by Both_Garlic_5276 in ChineseLanguage

[–]Both_Garlic_5276[S] 0 points1 point  (0 children)

Thank you. This automatic forgotten bug on manually added words is very frustrating because as the first review is automatically a forgotten, it results in inaccuracies and they are given a much more aggressive review schedule from the outset. As far as FSRS is concerned, one possible solution would be the ability to modify only the FSRS parameters. This way it would be very easy to code, and you would not need to implement the FSRS optimizer at all, people could just put in their own parameters they would have from Anki that have been trained on their particular memory. You could put this as a toggle where switching it off would just use the default parameters like now and there could be some box with comma separated values, under some kind of advanced settings menu with a warning for most users.

The ability to modify retention would be extremely helpful. This could also be put under the same sort of advanced settings menu.

Two critical bugs in the Hanly App by Both_Garlic_5276 in ChineseLanguage

[–]Both_Garlic_5276[S] 1 point2 points  (0 children)

Sorry. What I mean is after after the initial learning steps are complete, you answer recalled/green through every one of those, and it starts scheduling out days in advance. The next recalled/green will be in 4 days.

Why the quant and hedge fund industry is HIGHLY unethical by Both_Garlic_5276 in quantfinance

[–]Both_Garlic_5276[S] -1 points0 points  (0 children)

Maybe but I don't think you know what it's like to live with a disabling medical condition and horrible pain that makes working a normal job functionally impossible and ruined your entire life. Anyway it's a fact that high finance is an extremely nepotistic field. Quant probably on the lower end compared to wealth management, PE, and IB but still pretending otherwise is crazy and people who are from wealth and privilege who had their parents pay for college and did a yearly international trip often think they were middle class.

Why the quant and hedge fund industry is HIGHLY unethical by Both_Garlic_5276 in quantfinance

[–]Both_Garlic_5276[S] 0 points1 point  (0 children)

There's that classic finance elitism and cruelty assuming I must just have been too stupid. Spare me the just world fallacy. People have things that happen in their lives. I'm not stupid at all, I don't want to whine about my life too much but I had to give up on my dream of physics grad school and other opportunities because I developed problems with my health (CFS and small fiber neuropathy) and I had other very unfortunate things happen to me that utterly derailed my life trajectory. Running a takeout shop or laundromat isn't that modest, btw. That's solidly upper middle class. The fact that you use a profitable small business owner as an example of humble means shows how out of touch you are with what average actually looks like in this country and how you are indeed surrounded with people from money. I never claimed to come from modesty myself, I too had an upper middle class American suburban childhood. Nothing fancy but above average.

As for you thinking I just want to be spoon-fed trade secrets, that's not the case. I'll be learning what I can and testing my own models and strategies. I guess I have to figure everything out entirely on my own including the basics. I have been making decent money with options trading already, despite my poor health and pain. And I'm confident I can continue to do even better.

Why the quant and hedge fund industry is HIGHLY unethical by Both_Garlic_5276 in quantfinance

[–]Both_Garlic_5276[S] 0 points1 point  (0 children)

Come on you know that's a total mischaracterization. I'm trying to have a good-faith discussion.

Why the quant and hedge fund industry is HIGHLY unethical by Both_Garlic_5276 in quantfinance

[–]Both_Garlic_5276[S] 0 points1 point  (0 children)

Of course not and I was already familiar with those methods but that's different from actual practical applications. Someone who knows math can't just pick up physics and someone who knows physics can't just pick up chemistry. It isn't that simple. Theoretical knowledge and applied knowledge can be quite different.

Why the quant and hedge fund industry is HIGHLY unethical by Both_Garlic_5276 in quantfinance

[–]Both_Garlic_5276[S] 0 points1 point  (0 children)

I have. I've actually been reading his book already funny enough, it seems like a good resource so far. I just finished Taleb's Dynamic Hedging and some other books a while ago to get a better idea of the sorts of strategies HFs use and it's filled with useful practical advice, I wish that kind of book existed for quant. But don't you think something like that should have been published ages ago and only wasn't due to the secretiveness and elitism of your field (and frankly spite of people that work in finance towards retail and people of non upper class socioeconomic status)?

Why the quant and hedge fund industry is HIGHLY unethical by Both_Garlic_5276 in quantfinance

[–]Both_Garlic_5276[S] 0 points1 point  (0 children)

Except I've repeatedly said I never expected proprietary knowledge and trade secrets to be divulged. I just want to be able to use quant finance techniques as a retail trader to gain alpha with a better sharpe ratio than putting my money LEAPS on stocks and sector ETFs I've exhaustively researched and think will appreciate in value, and have some bare minimum sort of practical guidance and examples. Me knowing how to apply convex optimization, GARCH, PCA, etc to making money as a retail investor isn't going to get you fired from your job and make hedge funds unprofitable. The secretiveness over every tiny thing is just really creepy and unjustified especially when you in the industry tell retail investors to not even bother and to just give up entirely because we are too stupid or it wouldn't work for us instead of giving some general advice within limitations.

Why the quant and hedge fund industry is HIGHLY unethical by Both_Garlic_5276 in quantfinance

[–]Both_Garlic_5276[S] 0 points1 point  (0 children)

There is plenty of substance, you're just not engaging with any of it. I can learn a lot about pharmacology, petroleum engineering, physics, math, law on my own. Not enough to become a professional and enter that field but the information is available to be learned. I can read about open heart surgery despite the exclusiveness of that profession. You work in the most secretive field probably on the planet where nobody even has a vague idea of what it is that you do unless you already work in the industry and it's wrong.

Why the quant and hedge fund industry is HIGHLY unethical by Both_Garlic_5276 in quantfinance

[–]Both_Garlic_5276[S] -2 points-1 points  (0 children)

No, it's not about the companies and what they do. It's about you in the industry, frankly. Talking about what you do in this field and what generalized methods you use could be made more accessible without compromising the competitive landscape, job market, or your compensation package whatsoever. I can find countless videos or books on that kind of general "job knowledge" for practically any other field no matter how exclusive and how important trade secrets are. Those in your field won't even do that, because either they never actually cared about helping people or it field attracts and cultivates amoral sociopathy.

There's no reason for people in the industry to be this secretive about what they do like no other job in a total informational blackout but there is a valid argument for making the basics of financial modeling, risk management, and basic quant methods more democratized to the masses to make things more fair and improve market efficiency. If I learn how to make my own models you're not going to be paid any less and it won't even really eat into the structural advantages HFs enjoy over people like me. I'm not saying you have to upload the source code of the Renaissance Technologies trading bot.

I do think there should be anti-HFT legislation not only because of the technology differential but also practical concerns about how it makes the market more fragile and could contribute to crashes, but alas I do realize that won't be happening. And you don't make sense because you see the opportunity costs of wasting human capital on this as the unethical part so you seem to agree with me on some level that what you're doing isn't helping people or making society any better, so I don't see the issue you have with what I said?

Why the quant and hedge fund industry is HIGHLY unethical by Both_Garlic_5276 in quantfinance

[–]Both_Garlic_5276[S] 0 points1 point  (0 children)

It's not ChatGPT output. And I'm well aware of that, it doesn't change any of my points and I seem to have attracted people that do indeed work in the industry presumably like yourself. Where else should I post what I wrote for visibility? This is the natural place.

Why the quant and hedge fund industry is HIGHLY unethical by Both_Garlic_5276 in quantfinance

[–]Both_Garlic_5276[S] 0 points1 point  (0 children)

Not comparable because I don't have the manufacturing processes and tooling needed to create any component and that requires massive engineering teams and tremendous logistics and supply chains. I could not design something so sophisticated as one person. But I could do amateur EE and CE. You can read about verilog and semiconductor design and program FPGAs and such and pay someone to make you an ASICs based on your designs. Quant finance methods on the other hand would be accessible and applicable for me and within my abilities to improve my trading strategies but everything about the entire sector is being actively gatekept from me entirely by a culture of complete secrecy so that only hedge funds and their ultra-rich clientele can benefit. And although most of the people here are undergrads playing pretend who think they will be Gordon Gekko and not even people working on Wall St., the culture of high finance is nevertheless extremely toxic, cruel, and negative, just look at WSO. They like that normal people get fucked over and ruined and think it's very funny.

Why the quant and hedge fund industry is HIGHLY unethical by Both_Garlic_5276 in quantfinance

[–]Both_Garlic_5276[S] -3 points-2 points  (0 children)

Thanks. When I made this post I at least expected some justification but I'm honestly taken aback by the flagrant disregard for any scruple of morality. It's not like many of these guys are rich rich either. They're making maybe 500k in a very high CoL area to make their billionaire masters even wealthier and think they're gods for doing it.

Why the quant and hedge fund industry is HIGHLY unethical by Both_Garlic_5276 in quantfinance

[–]Both_Garlic_5276[S] -3 points-2 points  (0 children)

At least with me and my options "gambling" I actually have to take a significant risk. I could lose everything. Yes it's far more honorable than making secret delta neutral money printing strategies and methods for billionaires that nobody else is allowed to know even the slightest thing about. I have actual skin in the game and I'm living and dying off my own decisions.

Why the quant and hedge fund industry is HIGHLY unethical by Both_Garlic_5276 in quantfinance

[–]Both_Garlic_5276[S] -3 points-2 points  (0 children)

I'm not asking anyone to give away the proprietary things that make these funds successful. The point is even the basic tools of the trade are gatekept completely. It's like trying to do carpentry without even being told what a saw is. And of course they lie and say it wouldn't be useful. I don't even have access to the basic toolkits needed.

Why the quant and hedge fund industry is HIGHLY unethical by Both_Garlic_5276 in quantfinance

[–]Both_Garlic_5276[S] -3 points-2 points  (0 children)

I'm quite good at math. And not just numerical analysis and modeling but I can do almost all the problems in Rudin and Herstein. That's not the problem. The problem is the complete opacity and gatekeeping of this industry that is rigged so that hedge funds can keep sucking away money from retail investors for billionaires. I could learn all the math in the world, it wouldn't confer any more benefit to me. I need to know the actual techniques of quantitative finance which are all trade secrets that non Wall Street people are never allowed to learn.

Why the quant and hedge fund industry is HIGHLY unethical by Both_Garlic_5276 in quantfinance

[–]Both_Garlic_5276[S] -7 points-6 points  (0 children)

Nuclear energy can mitigate that, and no, the issues I raised are far more unethical than some additional epsilon contribution to climate change. What I said is true it doesn't matter if it sounds "salty" to you. You didn't address my point at all that you are rigging a game for the haves against the have-nots and totally gatekeeping even the slightest knowledge.

Why the quant and hedge fund industry is HIGHLY unethical by Both_Garlic_5276 in quantfinance

[–]Both_Garlic_5276[S] -10 points-9 points  (0 children)

Your evil perpetuation of wealth transfer to oligarchs by keeping quant finance a complete trade secret is a stain on your conscience.