the lich's banner
the lich's profile picture

the lich

@thelichhh5,443 subscribers

data analyst | AI | web3

Videos

thelichhh's profile picture

An Indian institute of technology filmed a full course on how money actually moves through a banking system and released it for nothing. The course is Economics of Banking and Finance Markets, produced at IIT Kanpur under NPTEL, India's national open courseware programme. It runs in sequence as one continuous argument rather than a set of clips. A green chalkboard, a lapel microphone, a checked shirt, one fixed camera. He opens with the only question that matters at the start. Where does surplus money sit, who needs it, and what stands between them. Then he splits the answer in 2. Direct finance, where the saver reaches the borrower through a market. Indirect finance, where a bank stands in the middle and absorbs the risk instead. Everything after that hangs off the split. Time value of money, risk, information asymmetry, why institutions exist at all, and what regulators are actually regulating. The turn is what he does with information. Banks are not warehouses for money. They exist because one side of every transaction knows things the other side does not, and the whole industry is built on charging for that gap. It matters more now. Every fintech product claims to cut out the middleman, and almost none of them remove the information problem that put him there. Free, in order, subtitled, funded by a public programme. The banking system explained from the first principle, for nothing. Lecture 1. 2 channels. It is in the video.

the lich

101,070 просмотров • 1 месяц назад

thelichhh's profile picture

One of the largest trading firms in the world teaches new hires poker before it lets them near a book. A newspaper brought a camera to the table and sat down to play. The men across the felt are working Wall Street traders. The firm is Susquehanna, which built poker into its training programme decades ago and still runs it that way, on the argument that the card room teaches something no finance degree does. Gunjan Banerji from the Wall Street Journal plays the hands herself rather than interviewing them about it. A green table, a dealer, chips, 4 people who do this for a living. No lecture hall, no slides. The teaching happens between deals, while money is actually at stake. They break it into parts on camera. Risk management first. Then bet sizing. Then patience, which sounds like the soft one and is not. Then reading the person opposite when the only data available is how they behave with money on the table. The section on patience is the one most people skip. Folding is the correct action in the overwhelming majority of hands, and almost nobody can do it for hours without inventing a reason to play. The same failure shows up in a trading account as overtrading, and it kills more people than bad analysis. Then bet sizing, which is where the video earns the watch. Being right about the odds is the easy half. How much you put behind a correct read is the part that ends careers, and they work through it hand by hand instead of describing it in the abstract. The turn is what the traders admit about being wrong. A good decision loses regularly, a bad decision wins regularly, and the only way to last is to grade the process instead of the result. Everything else in the video sits downstream of that. It matters more now than when the firm started running these tables. Every model prices probability in a second and hands it to you for free. Nothing on the screen tells you how much of your account to put behind the number, or what to do after the number was right and you lost anyway. Free on YouTube, produced by a newspaper, filmed at a real table with real hands. The maths is public. The sizing is the job. 1 table. 4 traders. It is in the video.

the lich

62,689 просмотров • 1 месяц назад

Больше нет контента для загрузки