Comments on: Money and How to Get It

By: Vodiman Norwood

Vodiman Norwood — Sat, 08 Jan 2022 21:32:12 +0000

Looking forward to purchasing, reading, and perhaps implementing(with a few minor changes…lol) some of the algo’s; I’ve been an amateur studying algo’s for some time, but like this approach and am rather IMPRESSED with Zorro as a tool…heck, being able to do C-like programming is not a bad thing either! MANY THANKS for your work!

By: jcl

jcl — Mon, 29 Mar 2021 08:14:40 +0000

That’s right, interest rates or life insurance policies won’t work well anymore for retirement. If I retired, I would use some stock or ETF portfolio that only needs to be rotated once a month.

By: Ronaldo V Jenkins

Ronaldo V Jenkins — Sun, 28 Mar 2021 19:59:12 +0000

I love this blog for its honesty and its utility for private traders!!!
One subject I would love to get your read on is the growing crisis of retirement for the working folks.
In the pre-WWII days it was expected that you would work until you drop dead although in asian cultures the older generation would be taken care of by the younger generation. Then in the West, the retirement dream was sold by the financial planning and brokerage system as a goal in part to extract monies for their various products. Now through incompetent government policies (e.g., negative interest rates) and the inherent conflict of interest of the financial planning industry a harsher reality is being realized unfortunately.

By: Marvin

Marvin — Sun, 14 Jun 2020 20:27:51 +0000

Your writing my friend is an intellectual joy to read both in style and content. I have spent the past few days devouring article after article and have yet to be disappointed. As this is the beginnings of my journey with algorithmic trading I am grateful to have come across such quality content early on. Well thought out, and without (obvious) ulterior motives. You are an inspiration. Many praises.

By: jcl

jcl — Tue, 03 Mar 2020 16:55:52 +0000

Lending you $500k? No problem. You only need to pay $45678.90 handling fee and I’ll send the money. Honest!

By: Peter Williams

Peter Williams — Mon, 02 Mar 2020 14:03:29 +0000

Great stuff!

Can u lend me $500,000 – I’ll pay you back sometime – honest !
Got your Black Book – First edition I think.

By: jcl

jcl — Sat, 30 Mar 2019 09:01:49 +0000

Thank you. I think before the existence of banks, some local sovereign took that part, by creating money through minting or determining an excess value to currency tokens, like cowry shells or stone disks. That, also, involved a lending process. I also think gold and salt were trading goods, no currency. But you’re right with your remark about the Clinton administration – there have been a lot more causes to the later financial crisis than their money handling.

By: ItsMe23333

ItsMe23333 — Fri, 29 Mar 2019 01:19:25 +0000

Everything before “Why financial hacking?” seems a little strange compared to the rest of the pages on the blog. I’ve read 25 or more pages on this blog and I really like your approach to trading, trading systems, the financial markets, and all related issues. I think that there is an honesty in what you post that is missing from most trading/financial / stock market blogs. I’ve only seen one other blog that I felt was as honest and corresponded to the real world as much as yours does. I’ll not say the name of the other site, because I think it would be in bad taste to promote another site here, but the abbreviation for the other site is PAL.

The initial parts of this article contains some truth, but they seem like an attempt to sound like a philosopher or writer of prose. As an example, I don’t have a degree in economics, but it seems to me that money exists outside the money created by banks. As an example, historically gold and salt served as currency and neither was created by banks. Fractional reserve banking certainly increases the money supply but it’s not responsible for all of it. Even today, many things besides money act ax proxies for money.

Further, the debt did not get reduced during the Clinton administration when you consider all the off the books debt such as social security and lots of other off the books debt that the government has. Although this might have been a factor in the later financial crises, to claim that this was the cause of them seems to lack the scientific rigor that you show throughout the rest of the blog.

Notwithstanding my criticism of this particular blog entry, I think that your blog is amazing and I intend to read almost every entry on the blog.

By: Lezira

Lezira — Tue, 05 Mar 2019 10:13:53 +0000

I loved your blog. You think like me. I also have a physics background. Why physicists always end up into these shady things?

I also want to clone/reverse-engineer Zorro for my personal use in future. :]

Greetings, from Brazil.

By: Ninja

Ninja — Sun, 06 Jan 2019 15:49:12 +0000

Just joined Zorro, glad to see your background is physics 😉