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Comment Re:Luddite (Score 1) 443

The fear about HFT seems to boil down to "things are happening that didn't used to happen before, must be bad." The algos are playing a high-risk zero-sum game, but only for the participants that are trading at the same timescale. For the classical buy-and-hold investor, its inconsequential. In the unlikely event a flash crash would occur and not get rolled back, it doesn't mean stock value has been "destroyed". It would be a tremendous windfall for fundamentals investors, who would buy it up to a fair value. In other words the HFT algos would lose the zero-sum game to players on a longer timescale. The reverse, a flash spike benefiting HFT at the expense of long term, wouldn't occur in practice. Traders would wait the extra 5 minutes to execute, like a tortoise playing a waiting game with a gnat.

Comment Re:Here we go! (Score 1) 303

The Silmarillion as a whole is not a story per-se given the vast spans of time and overwhelming cast of characters, but there are three major story arcs in it each with enough unity of time/place/character to receive a similar film treatment as the Lord of the Rings: The Children of Hurin, Beren and Luthien, and the Fall of Gondolin.

Comment Re:Time scale (Score 1) 248

Many of the remarkable feats of memorization and numeracy seen in autistics may not be a result of more developed faculties, but underdeveloped reasoning and executive function that normally mediates between those lower-level functions and final behavior. (In programming terms, cognition encapsulates memory/calculation and doesn't expose direct interfaces.)

Comment Re:USA has 11 aircraft carriers (Score 1) 602

Really, doctrine ought to be warming up to living with 0 aircraft carriers concordant with 0 human-piloted combat aircraft. The weapons we need delivered are cruise missiles, UAVs, or (hopefully soon) magnetically-accelerated projectiles, all of which can be supported by smaller vessels with much more agile logistics.

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