Last night we met up w/ the big boooobie girl from the party. Vig was all over that at the party but hasn't been pursuing. She was looking much cuter tonight. I would be all over that too I think, pretty hip gal. Nah I'm all talk.
So in the financial markets it seems MooganBoonley stated their quant trading team lost $390mm last month when their models didn't react properly to the sudden collapse of the subprime markets. The 390mm was covered by gains in other trading teams, but still.. same story at BoldmanHacks, so man thats jacked, these algo-trading/automated systems are like AI of the 80's -- all talk, but fricking sucky in the end. Kind of like the AI on my upcoming roomba.
It has slight reprecussions for me, since I often ponder if the Quant and Algo-trading is the key to the future. I interviewed in he Algo team at BoldmanHacks, other than the fact that boldman is the ultimate bank, I'm glad I'm in an analytics domain, less tech, more business. Some say traders will be extinct due to the quant and automated trading systems but alas.. but right now these autosystems are posting occasional freak $390mm losses, while real traders can generate $90mm in profits in a 9 days.
Alas.. work it.
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