Quote for the day

“Ease yourself into the language. Don’t feel you have to use all of the features, and don’t try to use them all on the first day.” - Bjarne Stroustrup on C++

Splendid team effort

Mitchell Baker on his experience at Firefox(record for the highest no of downloads in 24 hrs - 8 Million): “Every once in a while — for those people who are really lucky — we get to experience a moment where everything comes together. A period where dreams and hard work merge together with remarkable results. This is such a time for Mozilla. It’s based on hard work and execution of course.

Mean Reversion

The stock (PETROLEO BRASILEIRO) and its relevant ETF(MSCI BRAZIL) is a great example of mean reverting stock with respect to its ETF. Here is the yahoo chart : Mean Reversion If one looks carefully, one can definitely find a lot of stocks where the residuals mean reverts…But the challenge is to do it on a large number of stocks quickly…Why should one do that ? Even you get beaten on one mean reversion trend , you are always safe, thanks to Law of large numbers.