Small nitpick, but Turin-based VM's have been available for more than a month now [1], and they are a beast.
[1] - https://techcommunity.microsoft.com/blog/azurecompute/announ...
144 karma · joined March 18, 2021
Small nitpick, but Turin-based VM's have been available for more than a month now [1], and they are a beast.
[1] - https://techcommunity.microsoft.com/blog/azurecompute/announ...
For a structured products introduction you may take a look at this one: https://sspa.ch/en/book/
It's a very simple book, very high level, but explains the most popular structured products in a very simple manner. If you can read a payoff diagram, then this is the simplest intro.
Looking at their website though, they seem to have some nice online material there also. For example this explains the 5 most popular products, and perhaps that's good enough for an introduction (really these 5 products cover 90% of the market anyway, though there's no limit to how exotic some bespoke structures can get): https://sspa.ch/en/lab/?underlying=CH0012221716&final_fixing...
In case you're interested in getting to get to learn about them on a deeper level I would recommend https://www.amazon.com/Exotic-Options-Hybrids-Structuring-Pr.... This book explains not only the products, but also the pricing dynamics and hedging too.
And just a small gem I found recently about volatility trading:https://www.ebay.co.uk/itm/306680584072?chn=ps&_ul=GB&_trkpa...
Despite its appalling Amazon reviews I consider this book to be a real gem when it comes to the introduction to vol trading (basically dynamic hedging of equity derivatives)
Also, not sure if this is true, but our tour guide told us that Tesla himself actually never set foot on the Canadian side of the falls.
The Welland canal is also very interesting. There's something really cool about seeing a large ship moving _on_ a bridge while driving under that same bridge with a car. Also, the city of Welland has some nice bike trails iirc.
One year on they are doing well, even learned a new language! And of course they do enjoy and always look forward to the frequent visits of friends and relatives.
On a slightly related note, I’d rather point the finger at urbanization - in my short lifetime I’ve witnessed multiple small villages (1.5 - 2k population) pretty much disappear as the younger generation moved out for multiple different reasons.
Not that I want to defend some of these institutions, though some are better than others, but it’s important to keep in mind that they do take on risk in order to provide us liquidity, and most of them specialize in managing the risk, some of them are even good at it. Their infrastructure and connectivity and the price they charge you to provide liquidity allows them to make profits, but they do lose money sometimes. Also, compared to 20 years ago, there’s fierce competition now in pretty much every aaset class - if you work in one of the buy/sell side firms, you’ll very often hear terms such as spread compression etc (except the Covid years of course - people just wanted to trade, nobody cared about the price of liquidity (e.g. spreads or sales credit etc.) they had to pay)