1retep

The point is that you can’t assume you can pull your order

Assuming you mean bid. If the the size is only 10 @ 8.03 and 1 @ 8.02 and 8.01, then if someone is looking to sell 100 at market price it will be a problem. The sell order will go through many levels after filling yours and it will all happen at the same time.

I don’t think vanilla options were invented by LTCM. But the pricing model and thereafter the popularity was.

I worked for a linen rental company when I was in HS. We would rent tablecloths, napkins, aprons, etc to restaurants. When they were dirty the restaurants would put them in garbage bags and leave them outside until we picked them up. During the summer these bags would fill up with maggots, and the smell would be atrocious.

My job was to take the bags that we picked up and sort the linen by color, type, etc.

This is such a good point. After 3 years of writing and reading (mostly) math proofs, I wrote everything in proof-like fashion.

Love this answer, I was thinking the same thing.

I remember in college I applied to over 100 internships and my friend said “I don’t understand how you wrote over 100 cover letters.” My response was “I didn’t. If they ask for a cover letter I don’t want to work for them.”

Came to recommend this. This book was used in my undergrad discrete math class. I really enjoyed it and it paid dividends as I finished my math degree.

I also like the discourse on bankrolls and bets sizing. I think being able to correctly size your bets is such a great, albeit challenging skill to have in the real world.

The Man Who Loved Only Numbers

This right here. I left software for a little, but finding a role like this brought me back. I go for a walk/gym in the morning, get some work done, play guitar, cook lunch and dinner, do some more work. You really can't find work much better.

Some of my favorites from this year:

- The Brothers Karamazov

- The Catcher in the Rye

- Ender's Game

- Dune