Re:How I made $500k with machine learning and high frequency...
by otakucode on Tuesday November 06, 2012 @12:07PM
(#4749316)
At a place like Goldman Sachs, you don't need quants or predictors. You call up the CEO of a company you want to post record profits, and you tell them if they don't do absolutely desperate, self-destructive things (screwing employees and customers for immediate gains), you will crash their stock and destroy their entire company. That CEO then has a choice. Be the one who killed the company, or be the one who kept it running for a few more weeks and delivered a record quarter that made Goldman Sachs happy.
Once you have the assets and capacity to actively manipulate the price of any stock at will, the market is a VERY different animal and no longer need to be understood at all. You simply force its hand.
Once you have the assets and capacity to actively manipulate the price of any stock at will, the market is a VERY different animal and no longer need to be understood at all. You simply force its hand.