"Billions" TV Show on Showtime

[NumeroUno]

Anyone watch that "Billions" TV show on Showtime?

It's entertaining.

However, this "Taylor" character says things that are completely nonsensical...

For example:

"A stock is like a living organism, a sparrow, say... And we are able to create an emergent-based abstraction of that sparrow which closely approximates the sparrow itself, accounting for; migration patterns, wind, weather, and other variables. We can create a similar abstraction of a stock combining the information from the specific ETFs which represents it's underlying dependencies. And if we apply this to the stock, we can predict it's delta following the path of it's abstracted self. Because nature follows abstraction."

IDK, thought "delta" was for options..... could be wrong, IDK....

Also, I can imagine ETFs having dependencies on underlying stocks... but not the other way around

They spend 10 minutes out of the entire 4 seasons talking about quants. In season 3, there's a single episode dealing with the topic of "quants." So, they bring a quant in, and interview him. The quant is portrayed as someone who is socially retarded and arrogant. Then, "Axe Capital" decides that their hedge fund does not need a "quant." Lol. Really?

 

[pingu]

Anyone watch that "Billions" TV show on Showtime?

It's entertaining.

However, this "Taylor" character says things that are completely nonsensical...

For example:

"A stock is like a living organism, a sparrow, say... And we are able to create an emergent-based abstraction of that sparrow which closely approximates the sparrow itself, accounting for; migration patterns, wind, weather, and other variables. We can create a similar abstraction of a stock combining the information from the specific ETFs which represents it's underlying dependencies. And if we apply this to the stock, we can predict it's delta following the path of it's abstracted self. Because nature follows abstraction."

IDK, thought "delta" was for options..... could be wrong, IDK....

You are actually wrong. People call delta to first order sensitivities. It all depends on the place you work for.

Also, I can imagine ETFs having dependencies on underlying stocks... but not the other way around

short ETFs, stocks in a given sector moving according to the ETF of that sector even if that stock is not part of the ETF. This might be what they are talking here.

They spend 10 minutes out of the entire 4 seasons talking about quants. In season 3, there's a single episode dealing with the topic of "quants." So, they bring a quant in, and interview him. The quant is portrayed as someone who is socially retarded and arrogant. Then, "Axe Capital" decides that their hedge fund does not need a "quant." Lol. Really?

Yeap, really. I don't know how much experience you have in finance but this is all plausible.