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Showing posts with label careers. Show all posts
Showing posts with label careers. Show all posts

Tuesday, June 21, 2016

Algorithm for Sales Traders

Wait but. If you are trying to buy stock, calling the people who own a lot of that stock is not, you know, that creative. "Call the top five holders of a stock" is literally an algorithm. It is hard to make a robot chat application that can be convincingly human, but it's easy to make a robot chat application that can select the top five holders of a stock and message them "Ahoy friend, I see you own 5,000,000 shares of XYZ stock, do you fancy getting out of it? Good news, the Huskies won last night's game." 





Shareholders, Directors and Traders - Bloomberg View

Tuesday, June 07, 2016

Voting Mistakes and Financial Choice - Bloomberg View

Voting Mistakes and Financial Choice - Bloomberg View



Which type are you?





Elsewhere in The Kids These Days, "Goldman Sachs attracted more than a quarter of a million applications from students and graduates for jobs this summer, suggesting fears of a ‘brain drain’ in the sector may be exaggerated as banks introduce more employee-friendly policies." You could sort of imagine three types of undergraduate investment banking applicants:
  1. The person who wants to work 100 hours a week on front-page deals while making piles of money.
  2. The person who likes the idea of getting 36 hours off every weekend.
  3. The person who applies for banking jobs because it's sort of what is expected in certain Ivy League majors and sports teams.
The declining compensation and increasing leisure in banking may be attracting more applicants of Type 2 and fewer of Type 1, which might change the culture a bit. But Type 3 should be pretty unaffected by the changes, and might be the dominant type.