Billion dollar gambler
“Bill Benter did the impossible: He wrote an algorithm that couldn’t lose at the track. Close to a billion dollars later, he tells his story for the first time.” The Gambler Who Cracked the Horse-Racing Code
Taser
In the last few weeks there have been shocking attacks on police officers, one officer died of their injuries, two others lucky to be alive. Surely its time for every officer to be armed with a taser, criminals are getting more brazen and seem to have little fear of any consequences of getting caught. Currently…
Lenovo lock up
On Friday my Lenovo PC did a Windows 10 update. This morning my trusty Lenovo of 8 years hassle free computing wouldn’t get past the Lenovo splash screen. Panic started to set in! Realistically I could get everything I need to do via my Chromebook and VPS but I’ve got emotional attachment to this PC…
Saturday golf
OK cheers
For as long as I can remember I have always been short & direct with most things & especially my email responses. I like to reply quickly, quickly & efficiently, it helps keep the momentum. I have always been driven by process & efficiency, I look for it in everything I do, its just the…
Red hot
Below is yesterdays stock heatmap across the S&P500 sectors, there’s a few specs of green if you look closely enough. Despite all the doom & gloom in the media we are still only about 5% from all time highs, you would think it was more like 30% No one knows whats going to happen so…
Finance 2.0
Fred Wilson & USV have been early investors in many early trends, and they are active, early investors in blockchain start ups, think Coinbase. In a post ‘Open Finance First Open Data Second‘ he shares a slide of how they see this panning out over time. I believe we are a few years away from…
South American haircut
Yesterday Argentina’s stock market fell 48%, the 2nd biggest one day loss in 70 years. Sri Lanka takes top spot with a near 62% fall in 1989. I have followed and traded a relatively under followed Argentinian financial services company for a while called Grupo Fin Galicia (GGAL). I will be keeping a close eye…
Hot or not
Tom Tunguz posted some interesting data last week about where seed investors are putting their money to work. This gives us a good insight into the future. Blockchain is parabolic. FinTech & AI are hoovering up cash. BIG data, in Toms words: ‘Big Data’s heyday is yesterday. The world has moved on from MapReduce jobs…
100%
Yesterday’s algos ran well on the over 1.5 market. Didn’t have time to trade them all as was out for lunch and at the racing, regardless always good to see how they would have performed.
PeteStilgoe.com 