Flash Crash 2: The Smash'n'Grab
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WSO Free Modeling Series - Now Open Through
May 31, 2024
9 Free Financial Modeling Lessons
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
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+Bonus: Get 27 financial modeling templates in swipe file
The technology race is causing firms to spend enormous amounts of effort designing software that will beat other algo traders to a transaction by milliseconds. It's just a tool that people use; it is neither bad nor good. Where I agree with you, Midas, is that overreliance on technology like this is going to have tradeoffs; there is no such thing as a free lunch. I don't think anyone would like to go back to pink sheets and piles of paper everywhere.
No system is foolproof.
Everyone can not be as sharp as RenTech yet they all try to be. If most of these guys had a better understanding of RISK MANAGEMENT I would have no quarrels, sadly they don't. Long-Term Capital Management comes to mind. Just my two cents.
" Past Performance is not necessarily indicative of future results." yeah right
So i should probably put a ton of .01 bids on thinly traded stocks and sit back and wait...
yes, this is an issue i've been concerned with for a long time. i'm also deeply disturbed by the side effects of cars, the internet, and whatever this "electronic mail" is that people are talking about
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