Archives of “hat tip” tag

rss

Animated GIF Shows The Rise Of High-Frequency Trading

  
Analysis, Education
#  #  #  #  #  #  #  #  #  #  #

 

 

Here’s a great chart from Nanex, documenting the rise of high frequency trading as fed in by main feeds from more than a dozen major exchanges.

Nanex has color-coordinated the trades as they come in from the different exchanges (PACF, for those trying to understand, is NYSE Arca).

The GIF starts from January 2007 and continues for four years, leaving out the trading seen just last week when a computer glitch at Knight Capital Group erroneously executed trades for more than half-an-hour.

A nice hat-tip to Reuters’ Felix Salmon for pointing us to it.

World’s Oldest Trader

  
  Education
#  #  #  #  #  #  #  #  #  #  #  #

World’s oldest Value Investor. Duly noted (hat tip to Mr. Melvin) that Irving Kahn is a former Ben Graham assistant and likes to buy and hold for long time– and not really a “trader” per se.

From the WSJ:


Discipline has been a key for Mr. Kahn. He still works five days a week, slacking off only on the occasional Friday. He reads voraciously, including at least two newspapers every day and numerous magazines and books, especially about science. His abiding goal, he told me, is “to know much more about the stock I’m buying than the man who’s selling does.” What has enabled him to live so long? “No secret,” he said. “Just nature’s way.” He added, speaking of unwholesome lifestyles: “Millions of people die every year of something they could cure themselves: lack of wisdom and lack of ability to control their impulses.”

Here is a link to his current portfolio (he includes a land-based driller). 

Go to top