Apr

10

 I applaud the tradeworx fellow Manoj for standing up.

"A Much Needed HFT Primer for 'Flash Boys' Author Michael Lewis"
by Manoj Narang

From the first time I read Liars Poker as a teenager, I have felt Lewis was a snake. Making satire of former colleagues one worked elbow to elbow with and painting them in the worst possible light rubbed me the wrong way. He is an entertaining writer, but a tabloid writer, the type one is lucky to avoid in life.

Moneyball was a decent read but his missteps with his HFT book makes me wonder how badly he got the baseball story wrong.

One thing I have considered after reading about the HFT approach is the benefit of operational leverage and scale/turnover. These are factors I would like to take better advantage of.


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