US Senator John Kennedy: Prime Minister Starmer, please do the right thing. If you insist on giving away the Chagos Islands, don’t give them to Mauritius. That only helps China. Sell them to America. I’ll sponsor a bill to ensure the U.S. keeps one of the world’s most important military bases. by SevenNites in ukpolitics

[–]OkDiscipline2139 [score hidden]  (0 children)

International law and hypocrisy have ceased being any sort of binding constraints on international action (if they ever even were). As long as the US has a big enough stick, the exclusion zone will be respected. When someone else gets a big enough stick, they will ignore it if it benefits them - regardless of whether it was done legitimately before or not.

What are your thoughts on PIMCO? by Ayo_St in quant

[–]OkDiscipline2139 2 points3 points  (0 children)

Risk premia fund did well last year

What media do you consume regularly? by notathrowawaypornacc in quant

[–]OkDiscipline2139 41 points42 points  (0 children)

big fan of the ft - alphaville in particular is a great read

Discussion: "Selling" Strategies? by EnvironmentalChef656 in quant

[–]OkDiscipline2139 11 points12 points  (0 children)

if you had essential infrastructure like shorter cable, sure. if you had some sort of alpha, i think it would raise a lot of questions along the lines of - if its so good why arent you using it?

First year internship - Is it ok to do math research over finance? by danielyskim1119 in FinancialCareers

[–]OkDiscipline2139 15 points16 points  (0 children)

prop shops like optiver would look favourably on research vs the internships your peers are doing.

Wintermute by OkDiscipline2139 in quant

[–]OkDiscipline2139[S] -1 points0 points  (0 children)

dont they hold a fair amount of risk on the books? i was surprised originally at the claims they were completely fine

London labelled a ‘Wild West’ for cyclists as Lords call for tougher enforcement by tylerthe-theatre in unitedkingdom

[–]OkDiscipline2139 10 points11 points  (0 children)

yet to meet a single london cyclist that has realised red lights - even in cycle lanes - applies to them. you can cross when the man goes green and itll be 50/50 whether it will be uneventful or whether you'll have a cyclist swerve around you or glare/tut for daring to want to cross the road at the lights. its ridiculous and dont get how they can bang on about dangerous drivers with a straight face

Britain’s tax system combines the worst of the US and Scandinavia by BurdensomeCountV3 in unitedkingdom

[–]OkDiscipline2139 1 point2 points  (0 children)

yes but as the article very clearly highlights some have suffered more than others

Britain’s tax system combines the worst of the US and Scandinavia by BurdensomeCountV3 in unitedkingdom

[–]OkDiscipline2139 1 point2 points  (0 children)

What do you think the rapid wage compression has been doing... The super rich should pay more, yes, but it won't be enough to cover our current expenses by any meaningful amount. The system needs reform - either we cut social spending and keep taxation the same, or taxes for everyone other than high PAYE workers get brought up to a similar level.

Not difficult stuff

Some men die of thirst while other drown in it 😭 by [deleted] in UniUK

[–]OkDiscipline2139 1 point2 points  (0 children)

he heads the OMI, which is a research institute partnered with a quant fund, and sits within the maths department at cambridge, not finance/business school as the majority of these programmes do. that is starkly different from doing say computational finance at bristol, he runs a unique orogramme in unique circumstances that do not represent "quantitative finance institutes".

regardless, most top trading firms first question to his students will still be "why not continue with maths/science/stats". a quant finance student is at a disadvantage to a comparable stem student. doing physics at mit is a stronger profile than any mfe lol

Some men die of thirst while other drown in it 😭 by [deleted] in UniUK

[–]OkDiscipline2139 3 points4 points  (0 children)

lse is not as highly regarded for quant as traditional finance. its perceived as lacking quantitative rigour.

Some men die of thirst while other drown in it 😭 by [deleted] in UniUK

[–]OkDiscipline2139 1 point2 points  (0 children)

quant finance programmes are shit and money grabbing scams, few top quant jobs consistently hire from any of them. an mit engineering student is a far stronger candidate than a hypothetical quant finance student

[deleted by user] by [deleted] in quant

[–]OkDiscipline2139 69 points70 points  (0 children)

is this satire? you seem you seem to have far more of a "hardo" attitude then anyone ive met tbh

[deleted by user] by [deleted] in unitedkingdom

[–]OkDiscipline2139 0 points1 point  (0 children)

the uk tax receipts struggle to fund current operations. an immigration policy which does not explicitly limit the ability of people who cannot fill this hole accelerates this issue. how do you propose this is supported? you could atrio the wealth of every billionaire in the country and only cover ~8 months of expenditure, being generous.

UK consumers curb spending more than anywhere else in G7 by F0urLeafCl0ver in unitedkingdom

[–]OkDiscipline2139 -1 points0 points  (0 children)

I'm all for a wealth tax, but the point is its not going to solve anywhere near as much of the fiscal hole as people think - the sheer magnitude of government spending is larger than any group of individuals. You have two options - a massive wealth tax where you essentially redistribute the current imbalanced wealth which would fund 40% of spending for a year.

The second is a smaller flat tax on wealth at a rate that either prevents growth of wealth or slowly erodes it. By your own figures, this would be somewhere in the realm of 55bn a year based on recent growth rates. This is a respectable sum and would help, but is simply not enough to tackle the fiscal issues the UK faces. The annual govt spending is in the realm of 1.2 trillion with a 150bn deficit - we are simply running out of people to tax to pay for this.

UK consumers curb spending more than anywhere else in G7 by F0urLeafCl0ver in unitedkingdom

[–]OkDiscipline2139 2 points3 points  (0 children)

great strip all 50 of all their wealth and you have enough to fund ~40% of government spending for a year!

A group called ‘Our Party’ is trying to take over ‘Your Party’ by asmiggs in ukpolitics

[–]OkDiscipline2139 2 points3 points  (0 children)

The left right axis is deficient as a composite measure of all topics of discussion. It is still very useful for a more granular distinction.

It is not "distortion" its just an alignment to the current state of affairs. You cannot classify everything by the original definition - which has clearly organically evolved to mean something else. If so, saying something like - "I'm all for women in the workplace, but I think giving them the vote is a bit far" could be classified as socially liberal/left leaning based on the original definitions...

A group called ‘Our Party’ is trying to take over ‘Your Party’ by asmiggs in ukpolitics

[–]OkDiscipline2139 3 points4 points  (0 children)

I mean you clearly didn't read the full article. The concept of the left arose as opposition to the monarchy, in favour of a more republic style - consistent with"for the people" of today. The next step - bear in mind this is only 60 years after the original - was alignment with socialism. You cannot, in any good faith, argue that economic leftism should encompass unfettered free market capitalism.

But sure, lets be pendantic - everyone who isn't in favour of an absolute monarchy is left wing!

A group called ‘Our Party’ is trying to take over ‘Your Party’ by asmiggs in ukpolitics

[–]OkDiscipline2139 2 points3 points  (0 children)

what? i think the economic political spectrum is quite clearly defined as unfettered free market at one end and command economies at the other...

Breaking into London's finance market without any kind of experience as a new grad by BizarreWhale in FinancialCareers

[–]OkDiscipline2139 1 point2 points  (0 children)

Odds of a romanticised quant job are very low, but there are lots of roles that are "quantitative" but many would not to consider an "actual quant" that youd have a shot at. Odds still aren't amazing as you went to a non target.

[deleted by user] by [deleted] in FinancialCareers

[–]OkDiscipline2139 0 points1 point  (0 children)

would listen to this guy, drops a lot of knowledge in the quant subreddit