5-Bullet Friday – January 29th

Here are some of the news that have caught my attention recently:

  1. Private equity continues to evolve rapidly.
  2. Bombardier is now a penny stock. Is it the next Nortel for Canada?
  3. Cognitive bias – Why do we make bad decisions?
  4. A guy like me – John Scott NHL All-Star.
  5. B.C. to add computer coding to school curriculum.

 

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5-Bullet Friday Launch – January 4th Weekly Recap

Since I have not written a post in a while, I decided to change my writing style slightly to share more frequently some of the things that I come across and find interesting. I was also inspired by Tim Ferris’ 5-Bullet Friday newsletter. For those of you who do not know him, I highly recommend his blog and podcast. Here are some of the news that have caught my attention this week:

  1. Canada’s economy in the midst of an identity crisis?  
  2. The 3-D printing hype is gone.
  3. Large auto manufacturers are betting big on the future of self-driving cars.
  4. A crisis of capital in Canada: workers need more tools and equipment.
  5. An old venture capital belief is exposed.

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Let’s engage constructively to take control of our collective destiny.

Do you feel from time to time that Quebec gets carried away by nostalgia? I am far from being a sociologist, but after all, our radios seem to vibrate to the sound of nostalgic folk music. Our newspapers have been regularly reporting the relative decline of Montreal since the 1976 Olympic. What about the official motto of the province “Je me souviens” (I remember)?

The context is not easy, but I prefer to see the situation from a different angle. Our destiny is in our hands. If we take charge, Quebec offers countless possibilities – we are far from having reached our full potential.

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S’engager constructivement pour prendre en main notre destin collectif.  

Est-ce qu’il vous arrive à l’occasion d’avoir l’impression que le Québec se laisse emporter par la nostalgie? Je suis loin d’être un sociologue, mais après tout, nos radios vibrent au son des Cowboys Fringants, Mes Aïeux, etc. Nos journaux font régulièrement état du déclin relatif de Montréal depuis les Jeux Olympiques de 1976. Que dire du motto officiel de la province « Je me souviens » ?!

Le contexte n’est pas facile, mais je préfère voir la situation actuelle sous un angle différent. Si l’on se prend en main, le Québec renferme d’innombrables opportunités – nous sommes loin d’avoir atteint notre plein potentiel.

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Israel Beyond the Headlines

I recently had the opportunity to visit Israel for a business trip. I discovered a modern, vibrant country and met some of the most innovative and welcoming people. While instability in the Middle East gets the bulk of the media’s attention in North America, this trip opened my eyes to the amazing things happening in the region.

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Israël au-delà des manchettes

J’ai récemment eu l’occasion de visiter Israël lors d’un voyage d’affaires. J’ai découvert  un pays moderne et dynamique et j’ai rencontré un peuple des plus innovants et accueillants. Si l’instabilité au Moyen-Orient retient l’essentiel de l’attention des médias en Amérique du Nord, ce voyage m’a ouvert les yeux sur les choses incroyables qui se déroulent dans la région. Continue reading

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The Idiots Guide to High Frequency Trading

For those that may not have the time to pick up Michael Lewis’ new book entitled “Flash Boys: A Wall Street Revolt” here is a fairly good high level introduction to high frequency trading by Mark Cuban. I also suggest reading Michael Lewis’ article in the NY Times entitled “The Wolf Hunters of Wall Street” http://nyti.ms/1iRYw3Y. It is a major issue that regulators have to tackle to restore confidence in the financial markets.

blog maverick

First, let me say what you read here is going to be wrong in several ways.  HFT covers such a wide path of trading that different parties participate or are impacted in different ways. I wanted to put this out there as a starting point . Hopefully the comments will help further educate us all

1.  Electronic trading is part of HFT, but not all electronic trading is high frequency trading.

Trading equities and other financial instruments has been around for a long time.  it is Electronic Trading that has lead to far smaller spreads and lower actual trading costs from your broker.  Very often HFT companies take credit for reducing spreads. They did not. Electronic trading did.

We all trade electronically now. It’s no big deal

2. Speed is not a problem

People like to look at the speed of trading as the problem. It is not. We have…

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