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Essays

White Man’s Paradise

Everyone’s a little bit racist It’s true. But everyone is just about As racist as you! If we all could just admit That we are racist a little bit, And everyone stopped being So PC Maybe we could live in – Harmony! – Avenue Q nb: in this post i intentionally entirely ignore gender issues [...]

Life as a Rates Trader v1

Even though I am not yet a trader, I get, and ask, a fair amount of questions about this topic and so I thought I should put up some initial observations. I fully expect a fair amount of the following to be wrong – some factually wrong, some conditionally wrong, others correct but misleading. I [...]

Newton Utilities Stable Release v1.0

I’m proud to announce the stable release of Newton, my personal VBA codebase which I have been developing over the past month. Putting this up here is as much for sharing as it is safekeeping. Newton comes with handy functions for handling large arrays of data, as well as some useful file input-output stuff. It [...]

Having Standards

Beggars can’t be choosers. ~ Anon For the vast majority of humanity, a recurrent problem in life is the relative scarcity of opportunity. This problem exists in many fields, for example investment, romance, and edification, but I find that nowhere is it more striking than in the labor market. Labor economists are well acquainted with [...]

Men In Black and an Epistemological Critique of Financial Fractal and Multifractal Modeling

I’m three quarters of the way through a Mandelbrot text and suffice to say I am very disturbed by how much he seems to think he has succeeded in modeling financial time series. Although Mandelbrot claims to be, and largely is, highly heterodox, what he seems to share with the prevailing statistician’s approach to finance [...]