I don't have much to contribute here as finance has always eluded me. A couple of years ago, a researcher friend of mine turned me on to Quantopian[$]. I had always meant to get involved because their model seemed interesting. One develops a trading algorithm, Quantopian paper trades using the algorithm for some amount of time, if the algorithm makes a profit then trade goes live, the author making some percentage of the profit. It seemed like a pretty cool setup for analysts to develop theories and algorithms. It is funny to me that they were recently purchased by Robinhood.
My conspiratorial homunculus cannot help but wonder whether the instigators on Reddit were not part of such an organization in the first place. Even if not, perhaps it will be a useful strategy for the biggest guys in the future. As EricS points out, the strategy ultimately benefits the biggest of the big guys. A couple of years ago, Seth Lloyd gave a pretty cool Ulam Lecture on related mechanics. The metaphor seemed to connect the transfer of wealth between institutions to the transfer of matter between celestial bodies[₤]. "We are the dollars and cents, the pounds and pence. We're going to crack your little souls, crack your little souls." - Thom Yorke [$] https://en.wikipedia.org/wiki/Quantopian [₤] https://www.youtube.com/watch?v=5He7bYM7beM&ab_channel=SantaFeInstitute -- Sent from: http://friam.471366.n2.nabble.com/ - .... . -..-. . -. -.. -..-. .. ... -..-. .... . .-. . FRIAM Applied Complexity Group listserv Zoom Fridays 9:30a-12p Mtn GMT-6 bit.ly/virtualfriam un/subscribe http://redfish.com/mailman/listinfo/friam_redfish.com FRIAM-COMIC http://friam-comic.blogspot.com/ archives: http://friam.471366.n2.nabble.com/
