JJ: I was in Cambridge Idaho supervising the drilling of an oxide copper show when I saw Secretariat win the triple crown. I was seated on a stool in a diner watching the black and white TV on the wall. There were half a dozen cowboys standing behind me. One of them quietly said, "That's one hell of a horse." The others murmured agreement.
A few years ago I drove through Cambridge on my way back to Canada after a winter in Palm Springs. The diner was still there. I went in and saw that the stools were still there, but there was no TV on the wall. I sat on the stool and tried to appreciate the passing of 46 years.
What did it look like when the upticking ate it's own dogfood and fell apart (if it ever happened)? I know this was a big hurdle for the Medallion Fund when they started having bouts of success with the algorithm. I am sure it will happen in the greater algorithmic trading.
any rules based system will keep going as long as its conditions are true. The enemy of a systematic approach is either unintended consquences, or randomness, and divergences which any sytematic set of rules will unitmately do because its training is limited to what "was". Therefore no matter how large the sample is it can't see tomorrow. In an infinite set of cycles every system or algo was (might still be) be isotropic , however AI is supposed to be able to fix that.
If that were true and AI could exclude all returns ultimately returning to zero, then the episodic low vol range in S&Ps from Late Nov24 to early Feb25 and... the high vol vertical crash from mid Feb25 to early April25 was an algorithmic script. it was created ... Think of it like a set of chapters in an intricate novel... and we are in season 2 episode 1...
What if the AI is always processing using data from a lagging indicator? i know the Medallion fund restricted it' size because sooner or later it started compromising it's own data set before it could 'understand' it. Did you ever 'pump it' out of your hands in the trading pit? I don't think the algorithms are composing a narrative...
JJ: I was in Cambridge Idaho supervising the drilling of an oxide copper show when I saw Secretariat win the triple crown. I was seated on a stool in a diner watching the black and white TV on the wall. There were half a dozen cowboys standing behind me. One of them quietly said, "That's one hell of a horse." The others murmured agreement.
A few years ago I drove through Cambridge on my way back to Canada after a winter in Palm Springs. The diner was still there. I went in and saw that the stools were still there, but there was no TV on the wall. I sat on the stool and tried to appreciate the passing of 46 years.
Memories like that are masterpieces…Ty sir
Me and 3 Pals skipped a school assignment to drive to Belmont to watch the Race.
Haven’t thought about that day in decades.
Thanks for the jolt to clear away the cobwebs on a great day. 👌
The sport of kings
Ha…..just told a friend of mine today….he said you’ve got it made…..I said not so much….like to be 30 again and give it another spin.
I’d like to put a G on Secretariat to win the triple crown…. 😎
I’d just like to worry a little less about things that didn’t matter..(most of it)
What did it look like when the upticking ate it's own dogfood and fell apart (if it ever happened)? I know this was a big hurdle for the Medallion Fund when they started having bouts of success with the algorithm. I am sure it will happen in the greater algorithmic trading.
any rules based system will keep going as long as its conditions are true. The enemy of a systematic approach is either unintended consquences, or randomness, and divergences which any sytematic set of rules will unitmately do because its training is limited to what "was". Therefore no matter how large the sample is it can't see tomorrow. In an infinite set of cycles every system or algo was (might still be) be isotropic , however AI is supposed to be able to fix that.
If that were true and AI could exclude all returns ultimately returning to zero, then the episodic low vol range in S&Ps from Late Nov24 to early Feb25 and... the high vol vertical crash from mid Feb25 to early April25 was an algorithmic script. it was created ... Think of it like a set of chapters in an intricate novel... and we are in season 2 episode 1...
What if the AI is always processing using data from a lagging indicator? i know the Medallion fund restricted it' size because sooner or later it started compromising it's own data set before it could 'understand' it. Did you ever 'pump it' out of your hands in the trading pit? I don't think the algorithms are composing a narrative...
the true GOAT of horses.