riskneutral

> email clients that don't implement CSS properly (Outlook).

Can anyone explain how this is even possible? It's 2025.

Awesome

is this better than miniconda?

my experience of trading and speculation has been the opposite. very little profit (or zero or negative profit) in return for an extraordinary amount of effort and expertise. see Acura/Honda NSX trading.

> trading just doesn’t make sense to me.

it's not complicated. suppose Bob wants to buy an Acura NSX and Kazuo wants to sell a Honda NSX. enter trader Joe. he knows Bob, and he knows Kazuo, and he knows that the Honda NSX was also marketed as the Acura NSX. trader Joe can buy the car from Kazuo, obtain an export license, arrange for shipping and tax duties, and sell the car to Bob for a profit. that is called trading.

you're thinking of "speculation." one could argue that the market needs speculators to take the risks that hedgers want to reduce. speculators might also find interesting information and improve the efficiency of market prices. traders intermediate between speculators and hedgers.

now does it make sense?

> send one or two people into the boonies ... there was the small (vanishngly small?) possibility of a good payout

This was called "wild catting." It gave people an excuse to carry TNT dynamite into the boonies and detonate explosives for fun (like fireworks for grown ups).

OK well good that you've done your research then.

Is that one for you?

Oh wow, I read this story as evidence that neural nets are not the future back when I was an undergrad studying machine learning. Maybe I should have followed my instincts back then because even then neural nets seemed intuitively very interesting even if the statistics and math professors hated them because they weren't derived from any first principals.

Time for copyright laws to be rewritten then.

I'm not a lawyer, but I'm pretty sure that's not a thing. Lying to the court is a routine part of litigation, and there is no penalty or sanction for it - especially not against the lawyers themselves.

This needs to be re-expressed as a % of GDP to be useful. And as already pointed out, the largest of them (Lehman) is missing