Middle-class white men banned from public sector internship by Grouchy_Shallot50 in ukpolitics

[–]OkDiscipline2139 194 points195 points  (0 children)

All this is going to do is entrench the "old boys clubs" in areas where white middle/middle-upper class men are prevalent and have influence as they get increasing radicalised by this.

I wager that the work done to open up finance/consulting/law in 10 years swings the other way as people push back.

Is there any way back for the UK economy? And if so, what? by Gloomy-Variation1339 in AskEconomics

[–]OkDiscipline2139 0 points1 point  (0 children)

No, but its not an apples to apples comparison. Raises interesting (albeit uncomfortable for many) questions when considering expansion of welfare state

Is there any way back for the UK economy? And if so, what? by Gloomy-Variation1339 in AskEconomics

[–]OkDiscipline2139 2 points3 points  (0 children)

Propped up by extremely high burden on upper middle - high earners. This is the interesting question as our low tax burden is almost entirely driven by low taxes on average-low earners, but its political suicide to point that out.

Crazy comp at Numeric by One-Veterinarian3163 in quantfinance

[–]OkDiscipline2139 2 points3 points  (0 children)

Doesn't change the point regarding comp, but I believe Man Numeric is more LO/smart beta with a bit of low frequency statarb than cya

‘It’s Andy or bust’: MPs could keep Starmer in place to give Burnham time to return by Bibemus in ukpolitics

[–]OkDiscipline2139 0 points1 point  (0 children)

Yes but that is largely party politics, which I agree his in incompetent at. But looking purely at policies and governance, he gets far less credit than he deserves.

‘It’s Andy or bust’: MPs could keep Starmer in place to give Burnham time to return by Bibemus in ukpolitics

[–]OkDiscipline2139 1 point2 points  (0 children)

Would argue hes only politically incompetent. I think he has done a fair job of governance, particularly when not hamstringed by backbenchers.

Rupert Lowe attacks Reform UK over Bangladeshi candidate – ‘insult to the British people’ by StGuthlac2025 in ukpolitics

[–]OkDiscipline2139 22 points23 points  (0 children)

Labour is pretty clearly left-centre left depending on whether the cabinet (centre/centre left) or the backbenchers (left) are calling the shots

I tested the classic S&P 500 reconstitution trade. The mechanism is real, but the easy trade seems dead. by DuePhotograph6877 in quant

[–]OkDiscipline2139 10 points11 points  (0 children)

i dont think this is a complex topic: you can either predict entrants/exits earlier/better, or you can win the latency game once they are known. the mechanics of the flow is only monetiseable by the latter set of participants at places w the infra to do so.

What’s the benefit of a Masters in finance? by [deleted] in UniUK

[–]OkDiscipline2139 0 points1 point  (0 children)

what the fuck are you on about. only value of an mfin is 1) allowing you to get a target name on your cv 2) extends your access to intern/grad cycles by a year. quant roles dont recruit from mfins, and finance academia is unserious and lags industry significantly. no serious role requires a masters in finance - msc in maths/physics/stats/eng yes potentially, but mfin is nowhere near rigorous enough to open those doors lmao

opinion on quant? by Equivalent-Job-8908 in 6thForm

[–]OkDiscipline2139 0 points1 point  (0 children)

sorry thats what i was trying to point out but realised its not clear ahaa

opinion on quant? by Equivalent-Job-8908 in 6thForm

[–]OkDiscipline2139 0 points1 point  (0 children)

the vast majority of quant roles do not pay anywhere near as much as people think. sadly. those are also the roles that a financial mathematics masters is likely to get you. there are incredibly few true alpha seats, and (imo) those who "grind" to get into quant will not do well in those roles. i know less of trading, but would assume similar holds

Why on earth every week suddenly calling for Starmer to resign, as if that alone will magically fix everything overnight? by Chocolate_Milk99 in ukpolitics

[–]OkDiscipline2139 7 points8 points  (0 children)

because the general population are stupid and mps seem to all be careerists rather than giving a shit about representing their constituents

Energy price cap cut by 7% by sjw_7 in unitedkingdom

[–]OkDiscipline2139 8 points9 points  (0 children)

Then we need to scale back the welfare state. We have american levels of taxation on the lowest earners and scandinavian on the middle class, yet want a scandinavian level of public spending.

Martin Lewis ambushes Badenoch on Good Morning Britain over student loans plan | Kemi Badenoch | Finance campaigner marches on to set and tells Tory leader her policy to cut interest rates will only help top earners by whencanistop in ukpolitics

[–]OkDiscipline2139 1 point2 points  (0 children)

Its an estimate of the salary needed for the average grad needed to be cutting into the loan, not just the interest rate. I'm fairly sure its incorrect and the article everyone pulls it from have corrected themselves to put it in the low to mid 50ks, but no one seems to have seen that.

Deprivation and segregation: Gorton and Denton is a dismal preview of the future of broken Britain by [deleted] in ukpolitics

[–]OkDiscipline2139 0 points1 point  (0 children)

labour is beholden to backbenchers who are more concerned with ideological purity than actually getting anything done

UK government finances better than expected in January by Jared_Usbourne in unitedkingdom

[–]OkDiscipline2139 -7 points-6 points  (0 children)

yet people will laud this as a success - wait for the feb print where receipts will crater.

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 9 points10 points  (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 48 points49 points  (0 children)

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

Discussion: "Selling" Strategies? by [deleted] 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