Comments on: Markets in Something http://longorshortcapital.com/markets-in-something.htm We dividend our ad money to you. Tue, 16 Mar 2010 00:49:36 -0700 http://wordpress.org/?v=2.9.1 hourly 1 By: my2cents http://longorshortcapital.com/markets-in-something.htm/comment-page-1#comment-89687 my2cents Thu, 05 Jun 2008 22:11:31 +0000 http://longorshortcapital.com/markets-in-something.htm#comment-89687 Not all somethings are worth the same (paper hat vs whistle). Therefore we should group a whole bunch of somethings- tranche them and sell off the worthless somethings. Continue a number of times and suddenly we have made something out of nothing. mmmmm... i think someone may have beat me to this idea.. Not all somethings are worth the same (paper hat vs whistle).
Therefore we should group a whole bunch of somethings- tranche them and sell off the worthless somethings.
Continue a number of times and suddenly we have made something out of nothing.

mmmmm… i think someone may have beat me to this idea..

]]> By: Mathlete http://longorshortcapital.com/markets-in-something.htm/comment-page-1#comment-89636 Mathlete Thu, 05 Jun 2008 09:44:00 +0000 http://longorshortcapital.com/markets-in-something.htm#comment-89636 "Approaching nothing" is not the same as nothing. THAT is called math. “Approaching nothing” is not the same as nothing. THAT is called math.

]]> By: Notquiteanonymous http://longorshortcapital.com/markets-in-something.htm/comment-page-1#comment-89635 Notquiteanonymous Thu, 05 Jun 2008 09:41:50 +0000 http://longorshortcapital.com/markets-in-something.htm#comment-89635 "Approaching nothing" is not the same as zero. Nice "proof" mathlete. “Approaching nothing” is not the same as zero. Nice “proof” mathlete.

]]> By: anonymous http://longorshortcapital.com/markets-in-something.htm/comment-page-1#comment-89470 anonymous Tue, 03 Jun 2008 21:32:21 +0000 http://longorshortcapital.com/markets-in-something.htm#comment-89470 A good way to monetize nothing would be to evaluate the total profits derived from the syndication of the show about nothing (sienfeld) and divide by the number of re-runs that have been aired (infinity). As you can see this approaches... nothing. It is clear by this proof that if the values of something, anything, and everything are all greater than zero, nothing is actually worth less than evrything, anything and something. Therefore nothing = nothing. That's called math. just put the Nobel on my chair when they award it... thx A good way to monetize nothing would be to evaluate the total profits derived from the syndication of the show about nothing (sienfeld) and divide by the number of re-runs that have been aired (infinity). As you can see this approaches… nothing. It is clear by this proof that if the values of something, anything, and everything are all greater than zero, nothing is actually worth less than evrything, anything and something. Therefore nothing = nothing. That’s called math. just put the Nobel on my chair when they award it… thx

]]> By: FX_rules http://longorshortcapital.com/markets-in-something.htm/comment-page-1#comment-89458 FX_rules Tue, 03 Jun 2008 16:17:48 +0000 http://longorshortcapital.com/markets-in-something.htm#comment-89458 I'm pretty sure Seinfeld already came up with the idea about making a TV show about nothing. I’m pretty sure Seinfeld already came up with the idea about making a TV show about nothing.

]]> By: Anal_yst http://longorshortcapital.com/markets-in-something.htm/comment-page-1#comment-89291 Anal_yst Mon, 02 Jun 2008 15:45:25 +0000 http://longorshortcapital.com/markets-in-something.htm#comment-89291 its because of conversations like this that we get all the ladies... its because of conversations like this that we get all the ladies…

]]> By: mrsiv http://longorshortcapital.com/markets-in-something.htm/comment-page-1#comment-89289 mrsiv Mon, 02 Jun 2008 15:26:22 +0000 http://longorshortcapital.com/markets-in-something.htm#comment-89289 I postulate that something = E(price_of_underlying) + novelty_spread - lemon_premium price_of_underlying is the randomly distributed market value of the unknown item; novelty_spread is the subjective price of the "surprise"; lemon_premium is the cost of the information asymmetry (see Akerlof, 1970). The problem, I suspect is that for most people, the lemon premium is greater than the novelty. Is novelty a commodity in its own right? If I have lots already, it might depress the price I'm willing to pay for it at the margin. Does it leak away over time? I'm pretty sure there are no storage costs, unless people have to put up with a smug sort of aura :) more research needed I think. I postulate that
something = E(price_of_underlying) + novelty_spread – lemon_premium

price_of_underlying is the randomly distributed market value of the unknown item;
novelty_spread is the subjective price of the “surprise”;
lemon_premium is the cost of the information asymmetry (see Akerlof, 1970).

The problem, I suspect is that for most people, the lemon premium is greater than the novelty. Is novelty a commodity in its own right? If I have lots already, it might depress the price I’m willing to pay for it at the margin. Does it leak away over time? I’m pretty sure there are no storage costs, unless people have to put up with a smug sort of aura :)

more research needed I think.

]]> By: american bandersnatch http://longorshortcapital.com/markets-in-something.htm/comment-page-1#comment-89288 american bandersnatch Mon, 02 Jun 2008 15:26:21 +0000 http://longorshortcapital.com/markets-in-something.htm#comment-89288 Perhaps you can't make a market in nothing - but a show about nothing could really be something. Perhaps you can’t make a market in nothing – but a show about nothing could really be something.

]]> By: Notquiteanonymous http://longorshortcapital.com/markets-in-something.htm/comment-page-1#comment-89274 Notquiteanonymous Mon, 02 Jun 2008 11:44:30 +0000 http://longorshortcapital.com/markets-in-something.htm#comment-89274 The fact that you can't get something for nothing probably points to Something > Nothing. But perhaps a whole lot of nothings can get you something, or Nothing x N >= Something, where N = a whole lot. Create a tradeable instrument based on N, and you can corner the market on both Nothings (which derives its value from N) AND Somethings. Arbitrage theory dictates that Everything = {All Somethings} and hence you can actually deduce the value of Everything through the market price of N (which of course you would set). The fact that you can’t get something for nothing probably points to Something > Nothing.

But perhaps a whole lot of nothings can get you something, or Nothing x N >= Something, where N = a whole lot. Create a tradeable instrument based on N, and you can corner the market on both Nothings (which derives its value from N) AND Somethings.

Arbitrage theory dictates that Everything = {All Somethings} and hence you can actually deduce the value of Everything through the market price of N (which of course you would set).

]]> By: Anal_yst http://longorshortcapital.com/markets-in-something.htm/comment-page-1#comment-89214 Anal_yst Sun, 01 Jun 2008 23:54:00 +0000 http://longorshortcapital.com/markets-in-something.htm#comment-89214 @ Hilt The problem with market-making in Nothing, is that spreads for nothing, unsurprisingly, are essentially non-existent. Until we figure out a new profit mechanism, we will continue to do, you guessed it, nothing. @ Hilt

The problem with market-making in Nothing, is that spreads for nothing, unsurprisingly, are essentially non-existent. Until we figure out a new profit mechanism, we will continue to do, you guessed it, nothing.

]]> By: HF http://longorshortcapital.com/markets-in-something.htm/comment-page-1#comment-89162 HF Sun, 01 Jun 2008 09:37:04 +0000 http://longorshortcapital.com/markets-in-something.htm#comment-89162 Since pi=3.14.... I will instead multiply by adjusted pi or pi(e) Since pi=3.14…. I will instead multiply by adjusted pi or pi(e)

]]> By: Theoretical http://longorshortcapital.com/markets-in-something.htm/comment-page-1#comment-89123 Theoretical Sun, 01 Jun 2008 00:14:37 +0000 http://longorshortcapital.com/markets-in-something.htm#comment-89123 HF, you forgot to multiply by pi Mmm, pi. HF, you forgot to multiply by pi

Mmm, pi.

]]> By: HF http://longorshortcapital.com/markets-in-something.htm/comment-page-1#comment-89075 HF Sat, 31 May 2008 16:22:51 +0000 http://longorshortcapital.com/markets-in-something.htm#comment-89075 According to my model, if you divide something by everybody the result is zero ... this is the prove that you should keep your something for you... unless you have everything than if you divide it by everyone you get something for everybody... Here is the mathematical proof: Something=10$ Everybody= 1.3 B people Than 10/1.3B is aprox = 0.... If you have everything than everything= infinity than infinity/everyone = something>10$ to everybody According to my model, if you divide something by everybody the result is zero … this is the prove that you should keep your something for you… unless you have everything than if you divide it by everyone you get something for everybody…
Here is the mathematical proof:
Something=10$
Everybody= 1.3 B people
Than 10/1.3B is aprox = 0….

If you have everything than everything= infinity
than infinity/everyone = something>10$ to everybody

]]> By: raw http://longorshortcapital.com/markets-in-something.htm/comment-page-1#comment-88856 raw Fri, 30 May 2008 18:54:21 +0000 http://longorshortcapital.com/markets-in-something.htm#comment-88856 Nothing from nothing leaves nothing, had to do something, motherfucker punched you in the mouth Nothing from nothing leaves nothing, had to do something, motherfucker punched you in the mouth

]]> By: HAM'05 http://longorshortcapital.com/markets-in-something.htm/comment-page-1#comment-88854 HAM'05 Fri, 30 May 2008 18:22:58 +0000 http://longorshortcapital.com/markets-in-something.htm#comment-88854 *head explodes* *head explodes*

]]> By: To The Hilt http://longorshortcapital.com/markets-in-something.htm/comment-page-1#comment-88827 To The Hilt Fri, 30 May 2008 12:58:04 +0000 http://longorshortcapital.com/markets-in-something.htm#comment-88827 Anal_yst, you should make a market in your nothing. I'll bid negative infinity... Anal_yst, you should make a market in your nothing.

I’ll bid negative infinity…

]]> By: my2cents http://longorshortcapital.com/markets-in-something.htm/comment-page-1#comment-88772 my2cents Thu, 29 May 2008 21:57:35 +0000 http://longorshortcapital.com/markets-in-something.htm#comment-88772 This is all very distressing- the following items are NOT SOMETHING- http://www.somethingstore.com/somethingnot.html basically anything you would actually want is not included!!! Adult goods and services Alcohol Body parts Drugs and drug paraphernalia Drug test circumvention aids Endangered or regulated species Regulated financial products or services Gaming/gambling Miracle cures Protected cultural items Precious materials Prescription drugs or pharmacies Tobacco and cigarettes Weapons Wholesale currencymbling This is all very distressing- the following items are NOT SOMETHING-
http://www.somethingstore.com/somethingnot.html
basically anything you would actually want is not included!!!

Adult goods and services
Alcohol
Body parts
Drugs and drug paraphernalia
Drug test circumvention aids
Endangered or regulated species
Regulated financial products or services
Gaming/gambling
Miracle cures
Protected cultural items
Precious materials
Prescription drugs or pharmacies
Tobacco and cigarettes
Weapons
Wholesale currencymbling

]]> By: Anal_yst http://longorshortcapital.com/markets-in-something.htm/comment-page-1#comment-88765 Anal_yst Thu, 29 May 2008 20:21:44 +0000 http://longorshortcapital.com/markets-in-something.htm#comment-88765 Wow. I've got nothing... Wow.

I’ve got nothing…

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