Archive for the ‘Blog Posts’ Category

Would You Like To Understand High Frequency Trading?

Would You Like To Understand High Frequency Trading?

By The Banker | Blog Posts, Book Reviews, Wall Street

My friend Pete Kovac got so peeved about Michael Lewis’ Flash Boys that he wrote a response, in the form of a book, called Flash Boys Not So Fast – An Insider’s Perspective On High Frequency Trading. The highly unusual part about this book is that high frequency trading up until now has basically been [&hellip

Excerpt From Critique of Michael Lewis' Flash Boys

Excerpt From Critique of Michael Lewis’ Flash Boys

By The Banker | Blog Posts, Book Reviews, Wall Street

Pete Kovac, a friend who worked for a quantitative trading firm, got in touch with me soon after Michael Lewis’s Flash Boys came out last Spring to let me know he thought the book had serious errors. My friend became so alarmed at the Michael Lewis version of quant trading – which appears to have [&hellip

Political Markets: Democrats' Chances Of Holding The Senate Just Doubled

Political Markets: Democrats’ Chances Of Holding The Senate Just Doubled

By The Banker | Blog Posts

I generally trust markets when it comes to political forecasting, which is why I dabbled in trading contracts on the Iowa Political Markets in both 2008 and 2012. I’d rather trust in people’s actual money-on-the-line to indicate an aggregated belief in who will win an election, rather than your average poll – or worse – [&hellip

On Retirement, From a Millennial's Perspective

On Retirement, From a Millennial’s Perspective

By The Banker | Blog Posts, Personal Finance

A thoughtful reader sent me this Time Magazine article, with musings on retirement written by a 24 year old. The first question the article prompted: Is Time Magazine still around? I had no idea! Anyway, the next set of questions posed by the article are worth contemplating: 1. Why does a rational 24 year-old decide to [&hellip

Rebalancing, Explained

Rebalancing, Explained

By The Banker | Ask an Ex-Banker, Blog Posts, How Not To Invest, Investing, Texas

Editor’s Note: A version of this post appeared today in the San Antonio Express News: A former student at Trinity sent me a Facebook message recently. He linked to an advertisement message for an investment advisory company that emphasized the importance of ‘rebalancing’ one’s investment portfolio every quarter or every year. I realized I had [&hellip