Re: [silk] Silklisters in Boston/Cambridge?

[Suresh Ramasubramanian]

On 29/03/17, 10:10 AM, "silklist on behalf of Chew Lin Kay" 
 wrote:

> Right, so wear many layers, don't drive and don't cycle
> when it's cold outside. I'm Singaporean, the complaining
> should come easy. Got it!

You’re Singaporean lah – so that means you know how to make laksa, noodle soup 
and such.

I can’t think of anything better to keep cold well away, not even hot toddies 
and those are awesome for the purpose.   
 

Re: [silk] Silklisters in Boston/Cambridge?

[Chew Lin Kay]

Right, so wear many layers, don't drive and don't cycle when it's cold
outside. I'm Singaporean, the complaining should come easy. Got it!

On 29 Mar 2017 9:33 AM, "Biju Chacko"  wrote:

> On 29 Mar 2017 05:48, "Sean Doyle"  wrote:
>
>
>
>
> I really don't think it's bad at all but it's probably Stockholm Syndrome.
>
>
> This explains why I think, "Traffic is pretty good today" when it takes
> "just" 30 minutes to cover the 7km to work.
>
> -- b
>

Re: [silk] Silklisters in Boston/Cambridge?

[Biju Chacko]

On 29 Mar 2017 05:48, "Sean Doyle"  wrote:




I really don't think it's bad at all but it's probably Stockholm Syndrome.


This explains why I think, "Traffic is pretty good today" when it takes
"just" 30 minutes to cover the 7km to work.

-- b

Re: [silk] Silklisters in Boston/Cambridge?

[Sean Doyle]

I've been in Boston for more than 25 years - it seems completely normal to
me. But yes -
a) Layers.
b) Pay attention to the weather forecasts for temperature. Predictions of
precipitation are often wrong but wind chill predictions are subjectively
accurate :-).
c) If you're going to drive a car - you might want to stay off the road
until you're used to driving on ice. Boston is very good at clearing roads
but a few years ago in a blizzard I was driving (taking someone to the
emergency room) but I'm an experienced driver in the snow... and I still
spun out. Luckily no one else was on the road and nothing was hit.
d) Try to get your apartment to be near your classes :-).
e) Complain about the weather - this raises your core temperature.

I really don't think it's bad at all but it's probably Stockholm Syndrome.


On Tue, Mar 28, 2017 at 4:25 PM, Thaths  wrote:

> On Tue, Mar 28, 2017 at 10:10 PM Chew Lin Kay 
> wrote:
>
> /delurks
>
> And excepting that, anyone has tips to help a tropical baby
> survive her first winter? (how is it snowing in March?!)
>
>
> The cold is just one part of the misery. The other is the dearth of
> daylight.
>
> I strongly recommend you get a couple of these Happy Lights:
>
> https://www.amazon.com/Verilux-HappyLight-Energy-Lamp-5000/dp/B002Q2H2JC
>
> Thaths
>

Re: [silk] The Need for Guaranteed Basic Income or why Kiran is worried sick

[Deepak Shenoy]

>
> In the absence of a democratized deep learning-driven fund open to consumer
> investors, I think low cost, index funds are still the best option in most
> parts of the world. I've heard it said that this is not the case in India,
> and I don't know enough about the markets in India. We may disagree on the
> value of Indexed funds. But I hope we don't disagree on the low cost part
> (especially when investing for 20-30 year time horizons).
>


Cost can only be justified by superior returns. In most of the developed
world, managers don'tmake enough alpha to justify their existence, and
index funds win. In India, Indexes suck in terms of construction, reach and
capability, and fund managers are able to beat them easily.

The time will come when India will have a decent ETF on NSE 200 or
something, which is broad enough. Then, if the funds underperform that, I
might change my mind :)

Note that India has some of the lowest mutual funds charges in the world.
Even actively managed funds, when used in "direct" mode, charge you about
1% a year or so, with no entry loads. The US Equivalent is between 4% to 6%
for the first year and about 3% thereafter. Indian funds therefore have teh
ability to beat benchmarks better - all they have get is 1% alpha.

Re: [silk] Silklisters in Boston/Cambridge?

[Thaths]

On Tue, Mar 28, 2017 at 10:10 PM Chew Lin Kay  wrote:

/delurks

And excepting that, anyone has tips to help a tropical baby
survive her first winter? (how is it snowing in March?!)


The cold is just one part of the misery. The other is the dearth of
daylight.

I strongly recommend you get a couple of these Happy Lights:

https://www.amazon.com/Verilux-HappyLight-Energy-Lamp-5000/dp/B002Q2H2JC

Thaths

Re: [silk] The Need for Guaranteed Basic Income or why Kiran is worried sick

[Thaths]

On Wed, Mar 29, 2017 at 6:40 AM Chris Kantarjiev  wrote:

> I have no doubt that there are folks out there who are developing (or
> have developed) machine learning/deep learning models to drive trading -
> no "model" or "gut feelings" involved, but "pure AI" applying past
> market patterns to current and future stocks.
>
> We may never hear about them - because to get large enough to be
> newsworthy, they need to establish a long track record, and to establish
> a long track record, they need to get large enough to attract
> significant funds ...
>
> But it will be interesting to see if we do.
>
>
I posit that the vast majority of silklisters will not, in the near future,
have access to these deep learning-driven hedge funds as a savings vehicle.

In the absence of a democratized deep learning-driven fund open to consumer
investors, I think low cost, index funds are still the best option in most
parts of the world. I've heard it said that this is not the case in India,
and I don't know enough about the markets in India. We may disagree on the
value of Indexed funds. But I hope we don't disagree on the low cost part
(especially when investing for 20-30 year time horizons).

Thaths

Re: [silk] The Need for Guaranteed Basic Income or why Kiran is worried sick

[Chris Kantarjiev]

On 3/28/17 10:00 AM, silklist-requ...@lists.hserus.net wrote:

I like the last line here:

https://aeon.co/essays/what-if-jobs-are-not-the-solution-but-the-problem


​Tying this thread with a previous one on retirement financial planning, by
silklister Josey John:​

http://factordaily.com/ai-big-data-machine-learning-funds-fintech/


I have no doubt that there are folks out there who are developing (or 
have developed) machine learning/deep learning models to drive trading - 
no "model" or "gut feelings" involved, but "pure AI" applying past 
market patterns to current and future stocks.


We may never hear about them - because to get large enough to be 
newsworthy, they need to establish a long track record, and to establish 
a long track record, they need to get large enough to attract 
significant funds ...


But it will be interesting to see if we do.

Re: [silk] The Need for Guaranteed Basic Income or why Kiran is worried sick

[Deepak Shenoy]

>
>
> ​Tying this thread with a previous one on retirement financial planning, by
> silklister Josey John:​
>
> http://factordaily.com/ai-big-data-machine-learning-funds-fintech/
>
> ​I'd be interested in thoughts from folks like Shyam Sunder and Deepak
> Shenoy (and others too, of course)​
>
> ​Udhay​
>


Sorry, saw this late. In that article:
1) medallion is only open to Rentech current and ex employees. They hare 5
and 45 (5% mgmt fee and 45% of profits) and are insanely profitable.
2) Accura's growth of 185% in four years on small caps is not a big deal.
Reliacne Small cap fund - one of the funds that does only small cap
investing - has made a ludicrous 216% in the same time. (
https://www.valueresearchonline.com/funds/fundperformance.asp?schemecode=16182)
So has DSP Micro and Small cap fund, which is also a very famous one in the
space. Effectively, if this fund was AI, it has been beat by two non-algo
fund managers by a fairly large margin.
3) REntech and Accura couldn't be more different. Medallion works on ultra
short term trades for the most part. Their other fund - which is open to
external investors - has lower performance and that might have a few stocks
held. But Accura essentially holds for the longish term and deals with
illiquid stuff.
4) I think much of what Accura does is not AI at all. You just can't get
enough info about smallcaps.
5) Gupta and Nagpal must be from seriously rich families. And they seem to
have 400 cr. iunder "advisory" for this money, and only the rest is in
portfolio management (about 350 cr.)

Yes of course fund managers can be replaced by an algo...I have personally
built stuff like this :) WE deployed stuff that I think continues to make
money...on Indian markets. Most of the forex trading that happens worldwide
is between computers. I can guarantee that most trades will be
algo-executed at some point in the future.

I also think that fund management will be an excellent money making
opportunity because of the ludicrous amount of information that's not easy
for computers to figure out - and they'll never figure it out, IMHO.
Markets have forever been inefficient and while they are, there will be
ways to beat them consistently.

But this Accura thing is not anywhere close to this kind of algo, IMHO.
There's more to this story but you can't refute what the founders say,
though I think their "success" is not phenomenal and isn't reallly related
to AI. I think they're very smart folks.

Cheers,
Deepak

Re: [silk] Silklisters in Boston/Cambridge?

[John Sundman]

Comments within,

jrs

> On Mar 28, 2017, at 7:13 AM, Venkatesh Hariharan  wrote:
> 
> Cover yourself with many layers of clothing in winter. And have a stiff
> drink before attempting to cross the Charles River bridge in the height of
> winter. Brrr that was one of the coldest experiences of my life.
> 
> Venky

I live on the island of Martha’s Vineyard, off the coast of Cape Cod about 80 
miles south of Boston.

During much of 2000 - 2007 I was working in Boston or Cambridge and renting a 
room in Somerville (returning home on weekends). I generally rode my bicycle to 
work, about 5 miles.

One January morning around 2005 I heard an announcement like this on the radio 
“Dangerously cold today. Do not go outdoors unless you must.”  It was something 
like -15F,  ( -26C )

But I’m a macho, macho man and I had recently received cold-weather biking 
clothes for Christmas, so I decided to ride the bike anyway.  Well, the ride to 
work was pretty damn cold, but refreshing. Not a big deal. The ride home was a 
different story. It was so cold that I could barely blink my eyes — no 
lubrication. Also, the oil on my bike chain was nearly frozen, making it very 
hard to pedal. The wind went through my clothes as if I were naked. By the time 
I got to the Longfellow Bridge over the Charles River I was getting scared. 
Each breath was so cold that I was afraid I might get frostbite inside my lungs 
(I could already feel the frostbite on my cheeks). It was like breathing fire. 
About midway over the bridge, I lost all sensation in my hands. I could not 
work the gears or brakes. Cars were whizzing all around me. I felt certain one 
would kill me. As soon as I made it to the other side of the bridge I rode my 
bike right into the lobby of the first building I came to. I stayed there about 
an hour to warm up, then rode the last mile home.

The next day I took my car to work. I don’t ride in winter anymore. April is 
soon enough. 

But don’t fear. That kind of cold is rare. The typical January day this year 
was right around freezing (0C) or a little above.

> 
> On Tue, Mar 28, 2017 at 4:39 PM, Chew Lin Kay  wrote:
> 
>> /delurks
>> 
>> Hello Silklisters!
>> 
>> I'll be heading to Harvard for grad school in August -- is anyone currently
>> in the area? And excepting that, anyone has tips to help a tropical baby
>> survive her first winter? (how is it snowing in March?!)
>> 
>> Chew Lin
>> 
 
Martha’s Vineyard is a popular summer spot. Rich and famous people vacation 
here, but regular folk as well. Depending on traffic, in the summer it’s about 
a 1.5 hour bus ride from Boston, followed by a 45 minute ferry ride. With 
sufficient notice I’ll be happy to give any visiting Silklisters a guided tour.

jrs

Re: [silk] Silklisters in Boston/Cambridge?

[Venkatesh Hariharan]

Cover yourself with many layers of clothing in winter. And have a stiff
drink before attempting to cross the Charles River bridge in the height of
winter. Brrr that was one of the coldest experiences of my life.

Venky

On Tue, Mar 28, 2017 at 4:39 PM, Chew Lin Kay  wrote:

> /delurks
>
> Hello Silklisters!
>
> I'll be heading to Harvard for grad school in August -- is anyone currently
> in the area? And excepting that, anyone has tips to help a tropical baby
> survive her first winter? (how is it snowing in March?!)
>
> Chew Lin
>

[silk] Silklisters in Boston/Cambridge?

[Chew Lin Kay]

/delurks

Hello Silklisters!

I'll be heading to Harvard for grad school in August -- is anyone currently
in the area? And excepting that, anyone has tips to help a tropical baby
survive her first winter? (how is it snowing in March?!)

Chew Lin

Re: [silk] The Need for Guaranteed Basic Income or why Kiran is worried sick

[Udhay Shankar N]

On Thu, Jan 5, 2017 at 11:24 AM, Udhay Shankar N  wrote:

> https://medium.com/basic-income/deep-learning-is-going-
> to-teach-us-all-the-lesson-of-our-lives-jobs-are-for-
> machines-7c6442e37a49#.4mn452rn9
>
>
> I like the last line here:
>
> https://aeon.co/essays/what-if-jobs-are-not-the-solution-but-the-problem
>

​Tying this thread with a previous one on retirement financial planning, by
silklister Josey John:​

http://factordaily.com/ai-big-data-machine-learning-funds-fintech/

​I'd be interested in thoughts from folks like Shyam Sunder and Deepak
Shenoy (and others too, of course)​

​Udhay​

-- 

((Udhay Shankar N)) ((udhay @ pobox.com)) ((www.digeratus.com))