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passive_fist comments on Open thread, Dec. 21 - Dec. 27, 2015 - Less Wrong Discussion

2 Post author: MrMind 21 December 2015 07:56AM

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Comment author: ChristianKl 21 December 2015 08:22:55PM 0 points [-]

What this means is that trade opportunities in small, obscure, illiquid niches of financial markets are not exploited by the big fish and so could remain "open" for a long time.

Could you give examples of what you mean that existed a few years ago and that are now exploited, so that no further money can be made and you don't lose something be openly sharing the information?

Comment author: passive_fist 21 December 2015 11:37:15PM 1 point [-]

During the 80's and 90's a number of firms sprouted up around buying and selling penny stocks via strategies like cold calling.

Comment author: ChristianKl 22 December 2015 03:08:45PM 0 points [-]

I'm not sure that hiring a bunch of people to do annoying phone calls is what Lumifer has in mind when he talks about trading opportunities in illiquid niches of the financial markets.