[youtube https://www.youtube.com/watch?v=cgclGi8yEu4?rel=0]

Via boingboing: Someone stole $90 million from a company I was involved in. I’m a poor judge of people. The company collapsed. Some things I can’t learn. I tend to like people too much. So it’s hard for me to be a good judge of people, no matter how much I try. So I find other people who are good at judging people and I ask them to help me.

Link : A brief summary of the book Takeaway “Write your code as though you are releasing it as a package” - This kind of thinking forces one to standardize directory structure, abandon adhoc scripts and instead code well thought out functions, and finally leverage the devtools functionality to write efficient, extensible and shareable code.

Via No Mobile Phones … I’m not interested in daily chores. We have now swapped information for knowledge, which is not the same thing. I do not want to know. I’m not online. I don’t even have a computer. - Brunello Cucinelli

The paper titled, “Discerning Information from Trade Data” by David Easley, Marcos Lopez de Prado, Maureen O’Hara, gives a Bayesian framework for trade classification. The most popular method for classifying a trade as buy/sell is via “tick test”. The authors introduced Bulk Volume Classification (BVC) and empirically test the performance of it vis-à-vis tick test. In this post, I will briefly summarize the paper : **Introduction **With the advent of HFT, the markets have changed completely.