Thank you for the explanation. I understand now. He means that unlike Hermes, LVMH is in the business of selling indulgences. Darn those cunning Catholics.
That quote is absolutely obnoxious. To claim that a publicly listed company with quarterly revenues of US$0.9B only produces artisanal products is absolutely ridiculous, especially when the same WSJ article comes with a picture of a...
Grammatical errors aside, I think legal compliance is a huge part of the problem. What should be a short sentence often becomes a long and convoluted paragraph once all the silly but apparently necessary disclaimers are included.
By algo trading I mean using algorithms to decide entry and exit points. Not all algos are high frequency - think beta arbitrage for example. Besides their API, I see no compelling reasons to use interactive brokers. As a retail...
If you happen to visit L.A. befor the 31st, I recommend you skip the Tim Burton show and go see the Tomb Sculptures from the Court of Burgundy also at LACMA.
I work in L.A. and I often see people being interviewed at Starbucks - the retail locations not the corporate offices. They always wear a dark suit, regardless of temperature.
"Which is why one shouldn't try and trade like a financial institution. It doesn't work. "
Not trading like a financial institution is probably pretty good advice if that means rebalance only a few times a year, stay away...
True, no one has outright claimed that you can fully hedge an option. I included that point only to emphasize the risk of structuring options. By the way, a covered write (long the stock short the call) is the same than selling a put. ...