iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,433 Blog Posts

Morgan Stanley’s Brokers To Be Supported by Machine Learning In Order to Avoid Irrelevancy

Well, you know that I’m biased in this regard. Brokers are literally human dinosaurs roaming the earth, siphoning fees like parasitical insects off the wealthy, and that’s going to change in the not-too-distant future.

Having left the field of professional money management, which I belonged to for 18 long years, I can tell you first hand that stock brokers, or “advisors”, are abject morons, generally speaking. Any advisor reading this post and disagrees with my assessment isn’t being honest with himself. Take your series 65 and shove it up your ass.

Machine learning, data science, quants, algorithmic excellence, can do things that any intuitive moron can do and more. I can have any and all patterns that you enjoy on charts digitized by a programmer, or put together a coherent risk averse asset allocation model, using only the algos in Exodus, that any advisor sucking his clients dry can do for a fraction of the cost.

Very soon, FINRA and the SEC will be irrelevant bodies littered with C level students, policing a shrinking population of career criminals, while self directed investors move towards independent platforms to paint their own canvases. As much as I enjoy to build strategies and think that I am the best investor to ever to walk the planet, I know the true value is empowering you — the degenerate pavement ape in search of hobby and profit.

Anyone building tools, algos, machine learning technology, stands to do very well in FINTECH, now and in the not too distant future. If you’re running an advisory, be sure to arm your ‘advisors’ with 21st century tools that appeal to high net worth individuals.

The catamites from Morgan Stanley understand this and have provided their laughably incompetent ‘sales force’ of stockbrokers with dumbed down ‘algorithmic help.’

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27 comments

  1. lastbid

    haha you are truly an arrogant fuck, but your writing is screamingly brilliant

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    • Dr. Fly

      There isn’t an arrogant bone in my body. I challenge you to a duel.

      Midnight, Times Square.

      Be there.

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      • moonshot

        I will be there to referee, just look for the naked cowboy.

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  2. dopefeller

    “Having left the field of professional money management, which I belonged to for 18 long years, I can tell you first hand that stock brokers, or “advisors”, are abject morons, generally speaking” – So you were an abject moron for 18 years (generally speaking). Must have been difficult.

    “using only the algos in Exodus, that any advisor sucking his clients dry can do for a fraction of the cost” – That is why you keep pimping exodus for $39.99 to customers who left.

    BTW, on average OA’s posts get 30% more viewers than you.

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    • Dr. Fly

      Dopefeller

      Everyone has their own version of the world deep inside of their twisted minds. OA does 1 post per my 10 per day. Comparing our hits per post is simply inane. Then again, what should I expect from a vile person like yourself.

      I hope you took advantage of the sale. It came and went. Dozens of people signed up. You should see my revenue line.

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      • dopefeller

        On a given day, OA’s single post generates more “viewCounts” and “commentsCount” than all your posts combined. That’s a fact.

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    • moosh

      Hi once again, dopefellar. Great contributions to this post. Phenomenal in fact. Are you like some fucking rain man fly troll?

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  3. dopefeller

    From “more than 3 weeks ago” –

    143674 comments for your 16038 posts
    76509 comments for OA’s 1800 posts

    Do the math about comment engagement.

    1578 views on average for your posts
    2483 views on average for OA’s posts

    Any more right-wing alternative facts about traffic stats?

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    • metalleg

      Regardless of whether your stats are correct, what’s your point?

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    • moonshot

      Since yours are the alternative facts, does that make you right wing?

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    • sarcrilege

      1) From a site marketing point of view, it would not make sense to compete on the same basis for the same audience. Fly’s and OA’s target audience is different. What’s important is that the ibankcoin.com as a whole draws more audience in total, so the value of the brand name is on the rise so they can IPO, cash out, whatever. The contributors obviously work as a team, not as competitors.

      2) how did you generate your stats? What is your source and how accurate is it?

      3) Did you lose money w/ Fly and that’s why you are angry with him? Or what is your point because I dont get it.

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      • Dr. Fly

        Dopefeller is only mad at me because I do not share his world view. Prior to the elections, he was a member of Exodus and generally a happy guy/girl. Since then, he’s demonized me because, well, I must be destroyed because I didn’t support Hillary.

        Regarding the stats: whatever. It’s all one big happy family, so if OA is getting lots of engagement in the comments section, that’s terrific. Because I put out a ton of content and have a larger social media footprint and old legacy readership, my traffic is normally 40% of overall site traffic.

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        • dopefeller

          “It’s all one big happy family, so if OA is getting lots of engagement in the comments section, that’s terrific” – Lie. And you will see it soon. Your content has turned over from “stock picks, investment thesis” to “fuck liberals”.

          OA is doing what he has been doing since day 1. His numbers are increasing while yours are sucking trump’s dick.

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      • dopefeller

        Ask the Fly to refute/dispute the numbers I posted.

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      • mx2101

        I agree with sarcrilege’s point 1 above.

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      • albertpiker

        Hahaha! Cash out? What a fucking joke. NO ONE is going to buy this shithole…

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  4. Dr. Fly

    Via Google Analytics:

    YTD traffic stats, per blog, for iBankCoin

    1.
    /flyblog/
    1,247,894(33.25%)
    1,095,145(35.08%)
    2.
    /zeropointnow/
    1,031,969(27.50%)
    945,364(30.28%)
    3.
    /
    830,582(22.13%)
    533,364(17.08%)
    4.
    /option_addict/
    261,584(6.97%)
    204,278(6.54%)
    5.
    /rcblog/
    54,173(1.44%)
    49,711(1.59%)
    6.
    /raul3/
    52,609(1.40%)
    49,235(1.58%)

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  5. Dr. Fly

    Using layman’s logic, if I only posted 1-2 blogs per day, I would, naturally, attain greater traffic per post. This isn’t rocket science. But my mode of writing, compared to the others on iBC, is different. I tend to ‘share’ more. As such, I produce 10x the content of everyone else, which, in turn, dilutes the views per post.

    It’s a complicated alchemy, one that I am still trying to perfect.

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    • moosh

      Maybe dopefellar was more preoccupied with finding new ways to Velcro his kicks today and just gave up

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    • dopefeller

      “if I only posted 1-2 blogs per day” – You are a layman. You make posts, not blogs.

      “I would, naturally, attain greater traffic per post” – No. Depends on the quality of what you are posting, deduced via engagement via a mashup of views, comments, tweets.

      “As such, I produce 10x the content of everyone else, which, in turn, dilutes the views per post.” – real layman logic there from an overall site perspective. May I remind you of chartaddict and what he did to your site traffic?

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      • Dr. Fly

        Dope

        What is your end game here? You have no idea how this works. I’ve been doing it since 2003 and can safely say that our traffic is at record highs, not because of idle stock discussion, but because of delving into populism, aka Trump.

        If anyone is taking away from my share, it is, without question, Zeropointnow.

        See for yourself.
        http://www.alexa.com/siteinfo/ibankcoin.com#?sites=ibankcoin.com

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        • albertpiker

          Fucking cat vidoes on youtube get more views you fucking pathetic joke of person.

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  6. bushwacker2

    No disrespect to OA, but Fly’s posts are more informative, humorous and well written .That’s my opinion. Both of them have their own style and attract their own following. Both of them are good at showcasing their respective views, insights and areas of expertise. So, what’s your point again, dopefeller?

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    • ferd

      “So, what’s your point again, dopefeller?” ….Who cares?

      I read Fly in order to glean marketing tips on how to appeal to customers …like: “..the true value is empowering you — the degenerate pavement ape…”

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