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SKATEBOARDING => FALLEN BROTHERS => Topic started by: Schmitty on August 23, 2009, 11:31:28 AM



Title: ANDY KESSLER
Post by: Schmitty on August 23, 2009, 11:31:28 AM
(http://www.thrashermagazine.com/images/image/Junkdrawer/2009/08/KesslerCover.jpg)

http://www.youtube.com/watch?v=QeCaaIVx1Qs


Title: Re: ANDY KESSLER
Post by: flora888 on November 24, 2009, 09:41:57 PM
Stock markets trade on information. Millions of people generate billions of trades every day. Each trade contains a tiny piece of information built into it. ("I think Apple is killing Nokia" or "I think GM is toast.") Eventually we are proved right or wrong, and we make money or we don't. In the long run, the market is always right. On any given day, your guess is as good as mine.

As long there have been markets, there have been those who have tried to get an edge. Whoever could get the first news from a battlefield, of an oil discovery, or figure out that a company's earnings were better than anyone expected could reap almost instant profits. Edward Calahan invented the stock ticker (later improved by Thomas Edison and Alfred Vail) just so J.P. Morgan could sit in midtown and get stock quotes from the New York Stock Exchange faster than anyone else. Everyone else had to wait for the Dow Jones Customers' Afternoon Letter with closing prices.

Now it has come to the point where firms are spending millions and putting wicked fast computer servers next to exchanges so they can have an edge and, through a system of high-speed or "flash" trading, figure out which way individual stocks or the markets are heading before anyone else.
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Title: Re: ANDY KESSLER
Post by: The brycickle on November 25, 2009, 09:29:33 AM
Deletion above is also needed on this one.