Trade Notes: Whither High Frequency Trading hedge funds?

The Economist‘s Buttonwood blog presents a thesis that history has underlying waves that “cause economies and markets to change direction at regular intervals.”  The actual thesis is not the subject of discussion today but I wonder if High Frequency Trading (HFT) mayn’t be such a cycle in the fashionable part of finance these days.  You know, that’s the one where everyone goes piling into (as a substitute for cogent thought) whatever happens to be “in mode.” Continue reading “Trade Notes: Whither High Frequency Trading hedge funds?”

Three Trap and Finance

I think there is a very good reason why people in finance, especially traders, investment managers, et al are so arrogant.  Theirs is one of the few professions with immediate validation of whether their idea is right or wrong:  it either makes money or loses it.  Continue reading “Three Trap and Finance”