[HN Gopher] Ask HN: Hacker News, but for Finance?
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Ask HN: Hacker News, but for Finance?
HN is full of intelligent respectful discourse, with tons of
insight gained by reading the comments. Is there anything similar
to HN, that covers finance topics (such as markets, etc)?
Author : syspec
Score : 19 points
Date : 2021-12-14 21:19 UTC (1 hours ago)
| tamiral wrote:
| r/wallstreetbets
| na85 wrote:
| I feel like this comment was made in jest, but before the
| GameStop event ruined WSB, it was easily my favorite place on
| the internet.
|
| Some really smart people were posting really insightful things
| on a regular basis.
|
| It was a meritocracy of sorts (either you can make money or you
| can't was the attitude).
|
| It also featured a refreshingly irreverent attitude. A lot of
| the discourse was vulgar and highly inappropriate but most
| people involved simply didn't care.
|
| Nowadays WSB is just endless Steve Buscemi-like "hello fellow
| apes", "such and such gonna moon boys" and talk of sticking it
| to "the hedgies". It's awful now.
| joshxyz wrote:
| I think twitter threads are what you're looking for. Find smart
| people like SBF of Alameda/FTX, they do tweetstorms (threads of
| tweets) every once in a while.
| GDC7 wrote:
| Nobody knows what the fuck they are talking about and everybody
| ranging from Warren Buffett to Jimmy Buffett are just winging it.
|
| Finance is essentially psychology with 6 months weather
| forecasting slapped on top of it.
|
| It's way easier to predict the fate of the Universe trillions of
| years from now than it is to predict where Microsoft stock will
| sit 4 months from now.
| melling wrote:
| Hasn't Jim Simons gone on the record as saying the algorithms
| make all the trading decisions in Renaissance, his hedge fund?
|
| If it can be coded,...
| GDC7 wrote:
| Rentech doesn't try to predict where MSFT stock will be
| according to fundamentals, they simply looks at every other
| data of interest which is not MSFT stock price and they
| speculate:
|
| "MSFT stock is too high/low considering that such and such
| has just moved and according to historical trends when such
| and such moves, then MSFT stock moves too"
|
| Of course i'm simplifying.
|
| But nobody really knows what they are doing, they are
| excellent at sales, Soros has achieved the same results
| listening to his body aches, and Buffett of course not the
| same results on a YoY % basis but he is working with a much
| larger pool of money.
|
| At the end of the day it's like people trying to extrapolate
| the secrets of longevity from diet and habits. That old
| french lady lived to 123 smoking a pack a day till she was
| 100. There is no reason or rhyme to extrme outliers.
|
| The more simple and likely explanaition is that in a large
| enough dataset somebody has to be a positive outlier and it
| just happened to be those particular people with that
| particular personal/professional history, and people who are
| blinded by the $$ are trying to replicate their success by
| maniacally looking at their personal/professional history and
| copying it.
|
| Unfortunately copying their personal/professional history
| won't also include copying the luck of the statistical
| outlier.
| nojito wrote:
| So? Outliers exist for any dataset.
| xchaotic wrote:
| I still find it enjoyable to at least try to predict trends.
| But I agree some things like technical analysis are 100% BS.
| for my feed of economy related tidbits try Financial Time
| Alphaville, it's free if you register:
| https://www.ft.com/alphaville I also listen to Bloomberg Odd
| Lots podcast - great episodes on nuances of supply chains
| recently
| willbw wrote:
| Just because no one is right 100% of the time (clearly not
| possible) doesn't mean that no one knows what they are talking
| about.
|
| There's also a lot more to finance than stock picking.
| GDC7 wrote:
| > There's also a lot more to finance than stock picking.
|
| People aren't interested in finance because of the wonders of
| the Fed Repo plumbing mechanisms which Zoltan of Credit
| Suisse explain to all of us with his reports on a weekly
| basis.
|
| Saying there's more to finance than stock picking is like
| saying there's more to poker than the actual game.
|
| Sure somebody has to build the poker table and deliver it to
| the casino but that's not where the money is at.
|
| People look at finance as a way to escape their mediocre
| lives.
| buwka wrote:
| In regards to personal discussion: bogleheads. Otherwise same
| principal as HN that as a community grows large, especially in
| finance or other trendy topics, the quality of discussion drops.
| born_on_sega wrote:
| zerohedge.com
| ricardbejarano wrote:
| Yes please, I thought of asking several times about something
| like you describe, but never got to do it.
| TheGrkIntrprtr wrote:
| This might be what you're looking for:
| https://www.valueinvestorsclub.com/
|
| Famous investors such as Michael Burry were discovered there. You
| don't have to participate, you can have a guest account with a
| delay on seeing new posts. There are some insightful comments
| that you can read as well.
|
| Edit: you don't have to create an account to view posts
| tricky wrote:
| keep an eye out for quality forums, as well. I have been out of
| it for a long time, but on the quant side there was
| nuclearphynance.com and wilmott.com - I imagine there are less
| specialized forums with quality people out there somewhere.
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(page generated 2021-12-14 23:02 UTC)