whiteprius

Creating the blog wasn't difficult at all. Just create a blogger account and start writing!

But dealing with the firm as I went through this process was quite difficult. The first thing they did was baselessly, and without any evidence, accuse me of stealing confidential electronic information. I think this was supposed to frighten me, as it's a federal crime, but I knew they did not have a shred of digital evidence, and I reminded them of that. I know they're a powerful firm, but I don't think American courts would make up facts for them.

Later, they threatened to sue me for defamation and I told them that I would remove and retract any defamatory statement, if they identified it, but that I wasn't going to take down the whole blog based on some general accusation of defamation. They never identified a specific statement and, miraculously, a month or so later the woman at Lions Gate revealed what O'Melveny and Adam Karr had done in her case. She sort of saved me and, along with the law students who fought the firms, helped me put an end to this matter.

So on the one hand, it was easy, but on the other hand, you need a strong backbone to take on these sorts of people!

Well, I wanted to get law firms to stop forcing employees to sign mandatory arbitration and nondisclosure agreements, and in a year almost all law firms were forced to stop using them thanks to those amazing law students. In addition, I wanted the public to be aware that O'Melveny may perform flawed investigations of discrimination and sexual harassment complaints. A year later, a woman validated my criticism by revealing that that exact attorney I had criticized in my original post, had performed a reportedly sham investigation of her sexual abuse complaint -- meaning they'll think ten times before pulling something like that again.

yeah lol, what can I do.

I was subjectively comparing it to general society, and professions that I'm familiar with, like medicine for example. It's just very weird to walk into a business that has biglaw's characteristics, e.g. its demographics and promotion statistics. I remember in one office, almost every single attorney was white, and almost the entire help staff were minorities. To give another anecdote, the one black attorney in another office called herself the firm's "negress" at a lunch once. My stomach sinks just remembering these things. I live in LA, where it's like 50% white and that kind of environment was just odd.

Hello sir,

I apologize, there's just no way I can share any info on what I do, as you could piece my algos together. I hope you understand.

If you want advice on trading, these three rules are the best I can do.

1. Please do not ever place a trade unless you have a verifiable edge. If it feels like you are flipping a coin, immediately stop, look at your money and appreciate that it's there, and realize how awful you'll feel when it's gone. The art of trading is attaining that edge, and there's no way anyone can teach that without giving you the strategies (and please be careful about books on trading. If that advice was worth something it wouldn't be on sale for $20.)

2. Beware of transaction costs and factor this into your calculations. These absolutely devastate returns. I’m not only talking about the 0.005 per share your broker charges per trade, but the hidden cost. If you study it, whenever you go to buy something, you will, on average, pay 1 to 2 pennies more than the last price. If you go to sell something then, on average, you will get 1 to 2 pennies less than the last price. These crush returns. It’s shocking. For example, a paper recently came out noting how you can make decent money by simply buying the S&P at 4pm and selling it at 930am. And sure, you will get acceptable returns, assuming you get those closing and opening prices (not returns I’d bother with, but not awful returns). But the problem is you won’t get those closing and opening prices when you do the trade. On average, you will get 1-2 pennies worse each trade. if you model that, you’ll see that the returns are near-zero and in no way worth the bother of running this strategy.

3. And, obviously, the “pigs get slaughtered” rule that I’m sure you’ve heard of. Even if you design an algo that wins 80% of the time (which would be preposterously amazing), that algo can still easily lose 5 times in a row. So if you’re betting too much, you can wipe yourself out even with this amazing algo. So keep your trades small. If your algo is right then you’ll win in the long run.

I know this doesn't seem like I said much, but it will make sure that if you do start trading, you'll do it properly and not in a way that risks losing your money.