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eu90h commented on Auburn Banned TikTok, and Students Can’t Stop Talking About It   nytimes.com/2023/01/15/bu... · Posted by u/pseudolus
chitowneats · 3 years ago
> Then, instead of getting treated like the adult you are legally, you get infantilized.

The parents, who are often the ones paying at these big universities, want this. They want their newly adult children to be treated like, and cared for as, actual children for as long as they can manage.

This attitude is due to deeply rooted issues with the way American adults view their children, and the way they view our society as inherently dangerous. The result is that we have people in their mid-20's and even 30's who are genuinely incapable of managing their own lives or thinking for themselves. And I don't just mean the ones who moved back in with Mom and Dad at 28. They are an extreme, though not uncommon, example.

eu90h · 3 years ago
It is, in fact, not extreme. By the most recent count a majority (58%) of American young adults (18-35) live with their parents.
eu90h commented on SEC charges Netflix insider trading ring   sec.gov/news/press-releas... · Posted by u/hhs
w4llstr33t · 5 years ago
At what cost are they providing this service though? They make a ridiculous amount of money doing so. Shouldn't the exchanges have offered the best price, and provided liquidity, in the first place?

Flash Boys: A Wall Street Revolt by Michael Lewis painted HFT in a pretty bad way. I have read criticisms of the book, but it's hard to separate out bias from the criticism.

There's also all the heat on Robinhood about selling order flow, which I'm surprised was even news to regular investors. It's great they eliminated fees for normal trades, and I also understand most major brokerages sell order flow as well (and still charged for trades for a long time). I read that Fidelity is the only major player that doesn't sell order flow.

Do you have some sources that someone could learn more about this, ones that don't have a vested interest in painting it in a positive way?

Also, I'm still wondering, considering dark pools [1], and the inside information that would come along with that, since those trades wouldn't hit public markets, how the stock markets can be considered a fair place to trade?

[1] https://www.investopedia.com/articles/markets/050614/introdu...

eu90h · 5 years ago
I'd like to recommend the book "trading at the speed of light". It's an in depth look at the world of high frequency trading based on first hand interviews with traders, court documents, etc. It would appear based on what little information is actually available that HFT firms net only modest profits after taxes and fees on trades. Historically, it appears most firms fail to turn a profit and shut down. A paper of Laughlin (2014) suggests virtu, a hft firm that now executes Robinhood orders, earns an estimate profit of 0.24 cents per trade, with 0.05 to 0.1 cents per share traded being a respectable profit.

I highly recommend this book though if your into this topic

eu90h commented on Ask HN: What are the best textbooks for high school level math?    · Posted by u/jamestimmins
eu90h · 7 years ago
Try "Basic Mathematics" by Serge Lang. This will be particularly useful for learning basic algebra.

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KarmaCake day17July 28, 2016
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