Quote:
Originally Posted by Hundrye
was it hard work to find an excuse for your wayyyy overdue exit from poker?
on a more serious note, could you describe to me (know nothing about stock market) what you are actually going to do and what makes it intriguing enough to quit poker
In general terms, it's a little like sports betting/market making. If you play at a ****ty sportsbook, you have to pay $110 to win $100 to bet on Real Madrid and $110 to win $100 to bet on Manchester United, if those were even teams. The sportsbook sucks and doesn't know much about sports or how to change their lines based on betting, so they charge a big vig which is sure to make up for any errors that they might make. At a much smarter book, they can afford to offer $105 or $104, or at betting exchanges, very close to $100 to win $100.
So basically it's similar. It has to do with using mathematical modeling to measure the true price of things when that true price is very complex and has to be super adaptive to new inputs, like how much of the stock is being bought or sold at the time. The goal is to undercut everybody else and offer people the best possible price to buy or sell, while at the same time not opening yourself up to so much risk/bad deals that you're getting poached by other expert bettors.
I'll leave it at that mostly because I am currently very inexperienced and don't know enough about what I'm talking about yet. The cool thing is that they just bring people in who they believe are capable of learning and go from there. They didn't care at all that I have no traditional finance experience at all yet.
Part of the allure is the big challenge that such complex problems will be. I also loved that I felt like the dumbest person in the room when interviewing with people at the company. Being around so many intelligent people like that and solving puzzles with them should be pretty damn cool.