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show me the money :) Modern online investing: smart algorithms

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Ward Plunet

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The Most Disruptive Transformation in History

How the clustering of knowledge lays bare the need to devolve power from the nation-state to the city.We are undergoing several nested transformations at once that are causing incredible disruptions of the economic, social, and political order. The first is the shift from an economy that is powered by natural resources and physical labor to one in which knowledge and the mind have become the dominant means of production. This shift has advantaged roughly a third of the population and workforce, while the other 66 percent have fallen further behind. The second shift is toward urban clustering as the source of innovation and economic advantage. This massively concentrates talent and economic assets in a handful of superstar cities and knowledge-tech hubs. The world has become spikier and spikier, across nations, across regions, and within cities. The clustering of talent and economic assets also makes the city the new economic and social organizing unit, undermining two core institutions of the old order: the large vertical corporation and the nation-state.
How the clustering of knowledge lays bare the need to devolve power from the nation-state to the city
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History repeats it's self. Technology just sppeds it up... britannica.com - The Decline and Fall of the Roman Empire | work by Gibbon | Britannica.com
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Ward Plunet

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Indiegogo's new platform lets anyone become a venture capitalist

Wannabe venture capitalists who think they have the shrewd business acumen to predict startup success now have a chance to test those skills online. A new platform within Indiegogo lets anyone buy a stake in a fledgling company and earn returns. The fundraiser site is the first major company of its kind to launch an equity crowdfunding arm after a federal rule change opened the door for small-time private investors earlier this year.


Armchair venture capitalists finally get their shot.
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Ward Plunet

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This 3D Map Shows How Much You Must Earn to Buy a Home in 27 Major U.S. Metros

HSH.com recently released an article comparing 27 metropolitan areas and the salary someone would need to earn in order to afford the principal, interest, taxes and insurance payments on a median-priced home. According to pricing data collected by the National Association of Realtors, a single family home in the U.S. will cost you approximately $223,900 as of 2015 median estimates. The median sales price of existing single-family homes in the U.S. has increased steadily since 2013 ($197,400) and 2014 ($208,900). That equates to a 13% increase over two years! Below is a breakdown of the median home prices for 2015 across four U.S. geographical areas: Northeast: $262,500, Midwest: $175,500, South: $196,400, West: $319,100
HSH.com recently released an article comparing 27 metropolitan areas and the salary someone would need to earn in order to afford the principal, interest, taxes and insurance payments on a median-priced home.
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Ward Plunet

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Why amazing video games could be causing a big problem for America

Most of the blame for the struggle of male, less-educated workers has been attributed to lingering weakness in the economy, particularly in male-dominated industries such as manufacturing. Yet in the new research, economists from Princeton, the University of Rochester and the University of Chicago say that an additional reason many of these young men - who don't have college degrees -- are rejecting work is that they have a better alternative: living at home and enjoying video games. The decision may not even be completely conscious, but surveys suggest that young men are happier for it. “Happiness has gone up for this group, despite employment percentages having fallen, and the percentage living with parents going up. And that’s different than for any other group,” says the University of Chicago’s Erik Hurst, an economist at the Booth School of Business who helped lead the research. While young men might temporarily enjoy a life of leisure, the implications could be troubling for them as well as the economy. The young men aren’t gaining job experience that will better equip them to work in their 30s and 40s. That, in turn, could lead to a lifetime of decreased wages, limited opportunities and challenges such as depression and drug use — problems that the United States is already seeing in areas hit with heavy job losses.
What happens when young men can't level up in real life
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Ward Plunet

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Calling all stock trading geeks: Quantopian wants your trading ideas

Calling all stock market geeks: did you ever have an idea for a trading program? There's a firm who wants to hear from you. Quantopian recently made headlines when it announced that it had received a $250 million investment from Steve Cohen's Point72 family home office.The purpose: to put capital behind people writing trading algorithms. Sound silly? It's not. The world's biggest traders are on a desperate hunt for the scarcest of all creatures: alpha. Outperformance. And some think they can find it by making trading tools available to the public and seeing what kind of potential trading geniuses emerge. Call it crowd-sourcing for algorithmic trading. There seems to be crowds. Quantopian claims they have 90,000 people on their trading platform.
Call it crowd-sourcing for algorithmic trading. Quantopian is changing the way we invest.
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Chính vì họ thích lựa chọn đường tắt thuê kẻ không biết gì về tôi nói cho họ nghe..!tôi đã cố gắng nói với họ hãy trả lương cho tôi tôi sẽ làm họ hài lòng ..nhưng họ lại đi ngược lại..
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Ward Plunet

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$100 Billion Chinese-Made City Near Singapore 'Scares the Hell Out of Everybody'

The landscaped lawns and flowering shrubs of Country Garden Holdings Co.’s huge property showroom in southern Malaysia end abruptly at a small wire fence. Beyond, a desert of dirt stretches into the distance, filled with cranes and piling towers that the Chinese developer is using to build a $100 billion city in the sea. While Chinese home buyers have sent prices soaring from Vancouver to Sydney, in this corner of Southeast Asia it’s China’s developers that are swamping the market, pushing prices lower with a glut of hundreds of thousands of new homes. They’re betting that the city of Johor Bahru, bordering Singapore, will eventually become the next Shenzhen. “These Chinese players build by the thousands at one go, and they scare the hell out of everybody,” said Siva Shanker, head of investments at Axis-REIT Managers Bhd. and a former president of the Malaysian Institute of Estate Agents. “God only knows who is going to buy all these units, and when it’s completed, the bigger question is, who is going to stay in them?”
It's one place where Chinese developers are pushing prices down.
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Ảnh hồ sơ của John Jainschigg
John Jainschigg
+1
And it's a bad system for a million reasons. Not least because it concentrates demand, supply, capital, and the most productive human resources of the nation -- making all hugely vulnerable to attack. You would think 9/11, Katrina, Sandy and other disasters would have taught us this lesson. The only reason you need city-states, these days, is for short supply lines, interesting street-life, nightlife, and culture.

What we need is to radically de-scale and decentralize, creating smaller, far-more self-contained smaller cities, towns, villages and arcologies that blend high-tech mindwork, services, handwork, sustainable industry and local agriculture, powered from a decentralized, green grid, and doing import-export of critical raw materials, parts and subassemblies only. Nobody needs global corporations that suck jobs out of regions only to make and distribute indistinguishable crap via robotic supply chains. There does not need to be one, and only one Uber.

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Inside a Moneymaking Machine Like No Other

The Medallion Fund, an employees-only offering for the quants at Renaissance Technologies, is the blackest box in all of finance.
The Medallion Fund, an employees-only offering for the quants at Renaissance Technologies, is the blackest box in all of finance.
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Why Singapore Wants Its Food Courts to Be Run by Machines, Not People

Singapore’s latest quest to boost productivity is playing out at a busy food court in the second terminal of Changi Airport. There, hungry passengers can select their chicken rice or bowl of noodles from a machine, pay with a credit card and collect their food -- all with minimal human interaction and in stark contrast with the abundant manpower commonly used in food courts elsewhere on the island. It’s this kind of automated initiative that’s popping up more frequently across Singapore -- from self-driving taxis to face-reading payment systems for rail commuters -- as the city state grapples with a rapidly aging population, falling fertility rates and a slump in economic growth. With authorities restricting the inflow of foreign workers after a backlash against immigration, Singapore is increasingly turning to machines to replace low-end manpower. “Productivity is a vital component of growth especially for when labor contribution to growth is declining, especially in advanced economies such as Singapore,” said David Mann, chief economist for Asia at Standard Chartered Plc. “Singapore has been trying to be on the cutting edge of applying more automation.”
The food industry has been targeted because it’s among the least productive in the city-state.
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Machine Learning on Quantopian

Recently, Quantopian’s Chief Investment Officer, Jonathan Larkin, shared an industry insider’s overview of the professional quant equity workflow. This workflow is comprised of distinct stages including: (1) Universe Definition, (2) Alpha Discovery, (3) Alpha Combination, (4) Portfolio Construction and (5) Trading. This Notebook focuses on stage 3: Alpha Combination. At this stage, Machine Learning is an intuitive choice as we have abstracted the problem to such a degree that it is now a classic classification (or regression) problem which ML is very good at solving and coming up with an alpha combination that is predictive.
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Ward Plunet

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Market clones are trouncing professional stockpickers—and it’s only getting worse

The case for investing in actively-managed mutual funds is withering. Over the last year, 90.2% of US equity funds guided by money managers posted lesser returns than the market, according to the S&P’s semi-annual report of fund manager returns released on Sept. 16. In Wall Street parlance, that means nine out of ten mutual fund managers underperformed against their stock market index benchmark. Their performance wasn’t helped by a long-term investment horizon, either. The results are as dismal for five- and ten-year returns
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