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	<title>Daily Speculations</title>
	<link>http://www.dailyspeculations.com/wordpress</link>
	<description>THE WEB SITE OF VICTOR NIEDERHOFFER: DEDICATED TO VALUE CREATION, BALLYHOO DEFLATION AND APPLYING THE SCIENTIFIC METHOD IN FINANCE</description>
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	<item>
		<title>A Useful Tip, from Mr. Isomorphisms</title>
		<description><![CDATA[It&#39;s useful to think about things being more or less predictable, with mathematical chaos being an extreme limit and a Gaussian being relatively certain (and very smooth) about a particular point.
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		<link>http://www.dailyspeculations.com/wordpress/?p=12602</link>
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		<title>Noah Webster&#8217;s Take on the EU and &#8220;Global Warming&#8221; as a Religious Catechism, from Leo Jia</title>
		<description><![CDATA[America sees the absurdities&#8212;she sees the kingdoms of Europe, disturbed by wrangling sectaries, or their commerce, population and improvements of every kind cramped and retarded, because the human mind like the body is fettered &#39;and bound fast by the chords of policy and superstition&#39;: She laughs at their folly and shuns their errors: She founds [...]]]></description>
		<link>http://www.dailyspeculations.com/wordpress/?p=12601</link>
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		<title>Flies are Tenacious in North Africa, from Leo Jia</title>
		<description><![CDATA[In Egypt, Tunisia and Morocco alike, they come to you with the most determination. As you wave, they go around and still come to you from other angles. On you, even when you shake, they don&#39;t fly away simply. It&#39;s very different from elsewhere.
Not getting it this time? &#8212; No problem, I will do it [...]]]></description>
		<link>http://www.dailyspeculations.com/wordpress/?p=12600</link>
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		<title>More Poll Numbers, from Stefan Jovanovich</title>
		<description><![CDATA[Firehouse Strategies has released a new poll  for Michigan, Wisconsin and Pennsylvania. They are more than good news if you are a MAGA fan and very, very bad news if you are loyal to the party of the Great Society. Firehouse is a Republican-leaning consulting firm so their data deserves to be viewed with [...]]]></description>
		<link>http://www.dailyspeculations.com/wordpress/?p=12603</link>
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		<title>The Dangers of Automation, from Peter Saint-Andre</title>
		<description><![CDATA[Crew costs of $3,299 a day account for about 44 percent of total operating expenses for a large container ship, according to Moore Stephens LLP, an industry accountant and consultant.
Rolls-Royce&#39;s Blue Ocean development team has set up a virtual-reality prototype  at its office in Alesund, Norway, that simulates 360-degree views from a vessel&#39;s bridge. [...]]]></description>
		<link>http://www.dailyspeculations.com/wordpress/?p=12599</link>
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		<title>Human Underground Dwellers (HUD’s) of Mexicali, from Bo Keely</title>
		<description><![CDATA[














The Mexicali tunnels are the Grand Canyon of Human Underground Dwellers. They extend for miles beneath the city and under the border to the USA. The network makes the Manhattan subway tunnels and Michigan State Steam tunnels I have also visited diminutive in comparison. They support more HUD&#39;s than the San Francisco underground Chinatown and [...]]]></description>
		<link>http://www.dailyspeculations.com/wordpress/?p=12598</link>
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		<title>Mean Reversion Christmas Trees, from Zubin al Genubi</title>
		<description><![CDATA[Each year Christmas trees arrive on our island in containers.
One year they ran out right after Thanksgiving and there was a scramble for trees.
The next year everyone brought in an extra supply of trees.
That year the lots were full of trees on Christmas.
And so it goes back and forth every year.
This year the prices shot [...]]]></description>
		<link>http://www.dailyspeculations.com/wordpress/?p=12597</link>
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		<title>Grant, Lincoln, Race and Heritage, from Alston Mabry</title>
		<description><![CDATA[One of the great history &#39;what ifs&#39; is what Reconstruction would have been like if Lincoln hadn&#39;t been assassinated.

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		<link>http://www.dailyspeculations.com/wordpress/?p=12596</link>
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		<title>Money, Trade and Freedom, from Stefan Jovanovich</title>
		<description><![CDATA[I can understand why Austrian school economists love sociological explanations for the origins of money. If, as von Mises presumes, capitalism is the a priori wiring of our species (like a kind of Chomskian embedded grammar), then money had to evolve out of the rational need for a medium of exchange. The difficulty is that [...]]]></description>
		<link>http://www.dailyspeculations.com/wordpress/?p=12595</link>
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		<title>Cannonball Run Record Smashed, from Jeff Watson</title>
		<description><![CDATA[&#34;These Guys Just Drove an E63 AMG Across America in a Record 27 Hours 25 Minutes&#34;
It&#39;s amazing the high tech that is used to smash the cross country speed record. This article provides a look at that most illegal race in the country and the massive preparation and planning it takes to break records.
Chris Cooper [...]]]></description>
		<link>http://www.dailyspeculations.com/wordpress/?p=12594</link>
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		<title>Financial Transaction Tax + HFT Revenue, from Mr. Isomorphisms</title>
		<description><![CDATA[&#34;Financial Transaction Taxes - the ghost in the machine&#34;
Mr Hurd, who made markets in KOSPI options, knows a bit about US hft as well.
2 points:

+ the USA already has a financial transaction tax, SEC self-reg fees of $2000mmm last year.
+ Virtu&#39;s quarterly revenue is &#34;only&#34; $127mm. This puts a heavy limit on what an HFT [...]]]></description>
		<link>http://www.dailyspeculations.com/wordpress/?p=12593</link>
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		<title>S&#038;P Outperformance, from Alston Mabry</title>
		<description><![CDATA[At the March &#39;09 low, the S&#38;P total market cap was about $5.3T (if I&#39;m doing the math right).
Since then, according to Yardeni, the S&#38;P has returned about &#62;$4T to investors via buybacks and dividends.

Zubin al Genubi writes:&#160;
Bonds moving with equity rather than opposite.

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		<link>http://www.dailyspeculations.com/wordpress/?p=12592</link>
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		<title>James Simon, from Amardeep Somal</title>
		<description><![CDATA[The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution is a great book.&#160; 

In addition to this book, I&#39;d recommend taking the time to watch the MIT fireside series feat James Simons.
The link is the 2nd in a three part series which cover the following:
Talk 1. His academic and personal history
Talk [...]]]></description>
		<link>http://www.dailyspeculations.com/wordpress/?p=12591</link>
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		<title>4, from Mr. Isomorphisms</title>
		<description><![CDATA[I&#39;m late on this, but Alexandre Laumonier&#39;s next book 4  has been out for practically a year.


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		<link>http://www.dailyspeculations.com/wordpress/?p=12590</link>
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		<title>Optimal Parking Strategy, from Andrew Goodwin</title>
		<description><![CDATA[A recent study  receiving some attention on this Black Friday weekend looks to find the optimal parking strategy in a lot without full visibility. The paper in the Journal of Statistical Mechanics compares an optimistic strategy of driving past empty spots straight to the ideal entrance area to look. The pessimistic strategy parks in [...]]]></description>
		<link>http://www.dailyspeculations.com/wordpress/?p=12589</link>
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		<title>Book Recommendation, from Zubin Al Genubi</title>
		<description><![CDATA[Training for the Uphill Athlete: A Manual for Mountain Runners and Ski Montaineers  by Steve House and Killian Jornet is a great book which discusses the necessity of long low intensity training to build up increased metabolic function.
Highly recommended.
.
.

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		<link>http://www.dailyspeculations.com/wordpress/?p=12588</link>
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		<title>Go Champion Retires, from Jeff Watson</title>
		<description><![CDATA[A Go grandmaster has retired  because he believes that computers can never be defeated. What does that portend for individual, human participation in the markets? Are humans who manually enter trades destined to go the way of open outcry? Can humans have an edge over algorithms?
Bill Rafter replies:&#160;
The following is guesswork. Anyone with a [...]]]></description>
		<link>http://www.dailyspeculations.com/wordpress/?p=12587</link>
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		<title>Able to Leap Tall Service Lines in a Single Bound: Rich Wagner, from Bo Keely</title>
		<description><![CDATA[Rich Wagner was one of the early racquetball pioneers to make his way from Anywhere, USA by thumb and bus to the San Diego racquetball mecca. The only private club in the USA at the turn into the 1970s was Mel Gorham&#39;s Sports Center on Turquoise Street &#8230; a forehand with the small racquet from [...]]]></description>
		<link>http://www.dailyspeculations.com/wordpress/?p=12586</link>
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		<title>Christmas in Kona: The Private Jet Indicator, from Jim Sogi</title>
		<description><![CDATA[Usually around Christmas and New Years I like to count the private jets at our Kona airport on the theory that the captains of industry have a good read on the economy. Surprisingly, and not the norm, is the large number of private jets (over 50) currently parked at the FBO for Thanksgiving. I saw [...]]]></description>
		<link>http://www.dailyspeculations.com/wordpress/?p=12585</link>
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		<title>I Recently Ran Some Tests, from Victor Niederhoffer</title>
		<description><![CDATA[I recently ran some tests to see if using % adjustments were better than absolute. You will recall we had a heated debate on this. I found that the number of declines more than 10 S&#38;P were as frequent during the early years of the last decade as during the recent years.

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		<link>http://www.dailyspeculations.com/wordpress/?p=12584</link>
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