Ask HN: HN for Finance?

Unlikely.<p>Here&#x27;s a Hacker News lookalike [1] for Machine Learning. You&#x27;ll see that the latest post was 11 days ago, and the one before that 29 days ago and the one before 54. Most topics have one or zero comments. And ML is a much more popular topic than finance.<p>The great thing about HN is that it does not restrict the topics. People can bring up anything they find interesting. As soon as you want to limit the discussion to some specific thing, the audience drops by a few orders of magnitude.<p>So, I guess it&#x27;s up to you to collect a number of different blogs and newsletter and follow them.<p>It almost goes without saying that you should subscribe to Matt Levine&#x27;s newsletter [2]. Also, you can&#x27;t go wrong by checking the blog of &quot;Fed Guy&quot; [3].<p>[1] <a href="https:&#x2F;&#x2F;datatau.net&#x2F;" rel="nofollow">https:&#x2F;&#x2F;datatau.net&#x2F;</a><p>[2] <a href="https:&#x2F;&#x2F;www.bloomberg.com&#x2F;opinion&#x2F;authors&#x2F;ARbTQlRLRjE&#x2F;matthew-s-levine" rel="nofollow">https:&#x2F;&#x2F;www.bloomberg.com&#x2F;opinion&#x2F;authors&#x2F;ARbTQlRLRjE&#x2F;matthe...</a><p>[3] <a href="https:&#x2F;&#x2F;fedguy.com&#x2F;" rel="nofollow">https:&#x2F;&#x2F;fedguy.com&#x2F;</a>

On &quot;Ask HN: Hacker News, but for Finance?&quot; (<a href="https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=29557943" rel="nofollow">https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=29557943</a>) <a href="https:&#x2F;&#x2F;www.valueinvestorsclub.com&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.valueinvestorsclub.com&#x2F;</a> , <a href="https:&#x2F;&#x2F;bogleheads.org&#x2F;forum&#x2F;index.php" rel="nofollow">https:&#x2F;&#x2F;bogleheads.org&#x2F;forum&#x2F;index.php</a> , <a href="https:&#x2F;&#x2F;www.elitetrader.com&#x2F;et&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.elitetrader.com&#x2F;et&#x2F;</a> were suggested.

I find the rational reminder community is a great place to participate in conversations about personal finance, asset management etc.<p><a href="https:&#x2F;&#x2F;community.rationalreminder.ca&#x2F;login" rel="nofollow">https:&#x2F;&#x2F;community.rationalreminder.ca&#x2F;login</a><p>It started as a landing pad for listeners of the rational reminder podcast.

Just the usual reminder that people should not be taking financial advice from random people on the internet.<p>If somebody is telling you that you should do something without knowing anything about your personal financial circumstances or appetite for risk, then they should be ignored.<p>It is equally unlikely that you will be willing to sufficiently disclose your financial circumstances to unknown individuals in order to receive any sort of worthwhile advice.<p>The above advice applies across the spectrum, whether it&#x27;s the usual crowd blindly saying &quot;buy a passive ETF and forget about it&quot; or pump &amp; dumpers saying &quot;buy XYZ shares because its the next ten bagger&quot;.

<a href="https:&#x2F;&#x2F;www.reddit.com&#x2F;r&#x2F;wallstreetbets&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.reddit.com&#x2F;r&#x2F;wallstreetbets&#x2F;</a> &#x2F;s

There isn&#x27;t one and I think it can&#x27;t exist given the two vastly different fields.<p>The ethos of your average tech&#x2F;nerd produces things like HN, and as much as there&#x27;s a lot of bad things with it ( and there are many ), the uber nerds, the aggressive new genius kids invent their own revolutionary tech just to be pointed out by the old &quot;been there done that&quot; guy, the &quot;I just build this over the weekend&quot;, the business guy under heavy tech bro camouflage waiting for his moment, the holy OSS priests and I could go on and on.. All these people AND context ( aka huge influx of cheap&#x2F;free money ) make HN what it is.<p>Finance has their own figures, groups, context and ethos and it isn&#x27;t anything like HN. Yes, there is a lot of money talk here because.. business. But if you spend 5min around finance people the conversations are very different ( not alien, bu t different ) and of course tech people with money want to get more money so they talk with finance people and a little SV secret that everybody knows is that in the last decade most &quot;tech&quot; companies exist because the finance and MBA guys came to SV to write checks and earn their money.<p>But the 2 worlds are different and you cannot replicate what one has.<p>Tech is big, but it&#x27;s really small compared to finance and if we complain about the deluge of pretenders when some new hot tech goes mainstream, in finance it&#x27;s 1000% worse ( one example: Crypto )

Twitter. Look for people that aren&#x27;t trying to bamboozle you with wishywashy arguments or anyone who tries to make things sound too simple or are sales-y.<p>Best is to follow people who are speaking in precise technical details where you&#x27;re not the audience. A bit like software engineers talking to each other: speaking in precise technical terms, assuming a reasonable amount of background knowledge. AKA professionals<p>Then do your own work to clue yourself up on the nomenclature and basics

<a href="https:&#x2F;&#x2F;nuclearphynance.com&#x2F;" rel="nofollow">https:&#x2F;&#x2F;nuclearphynance.com&#x2F;</a> - 20+&#x2F;- yr old forum on quant finance.

Not a professional but I think I follow markets pretty closely for a retail trader.<p>Twitter &#x2F; FinTwit is the best<p>Level of discussion is not always great but I find its way better than anywhere else. Twitter Spaces usually have great discussions since people are less likely to troll vs tweets.<p>One thing I&#x27;ve found though is if the person is getting too cocky and going on victory laps, it&#x27;s pretty much always a good time to counter trade them.<p>You&#x27;ll be able to find some great Substack&#x27;s, Podcasts, Youtube channels from Twitter as well if you&#x27;re following the right people.<p>Some that I follow<p><pre><code> - @fedguy12 - macro - @JulianMI2 - macro - @biancoresearch - macro - @acrossthespread - Japan macro - @anasalhajji - energy - Pretty much any central bank, government official - Fund managers. Many of them aren&#x27;t too active and just crosspost links to videos. Cliff Asness is one that is active though </code></pre> Podcasts:<p><pre><code> - Forward Guidance - Odd Lots </code></pre> Reddit I find is usually not much better than SeekingAlpha, Zero Hedge, etc. even on the more &quot;serious&quot; subreddits. Most of the posters are John Bogle acolytes or post the Warren Buffet quote on buying index funds. A lot of the threads don&#x27;t have much besides &quot;you should buy a broad based index fund with a lump sum [link to Vanguard whitepaper] [link to backtest starting from year 2000-2010]&quot;.<p>HN is still way better than Reddit on the rare finance&#x2F;economics post. Every finance thread you&#x27;ll get a few people who have unique insights&#x2F;opinions but I think the majority is still a lot of retail market participants who just regurgitate the Reddit stuff.

Trading is mostly a zero-sum game so people are going to be selective about sharing useful ideas. For investment the horizons are so long it&#x27;s hard to know which people are worth paying attention to. Maybe some people try to influence sentiment on reddit but in general most successful financial professionals don&#x27;t spend their time posting on message boards.<p>Anyway, I don&#x27;t think it&#x27;s realistic to become good at trading&#x2F;investment while working in a different profession. Be prepared to drop everything and focus on it full time (after a few years of preliminary study) if you&#x27;re really serious. The learning curve is a lot worse than tech, and it&#x27;s not just because there are no tutorials to learn from. The level of competition is completely different.

I wish there were such a website, but I haven&#x27;t seen one. That&#x27;s unfortunate, because I often feel the need to skip the comments sections on HN for economics-related posts.<p>There are many armchair economists here, mostly with a pure software dev outlook on the topic. People who&#x27;ve never taken a single class about finance confidently chime in with some of the worst takes I&#x27;ve ever heard.<p>They seem to think that because they&#x27;re good at programming, they must therefore be masters of all studies, since STEM majors are often harder to get accepted into. This is a logical fallacy, and it&#x27;s pretty tiring.

<a href="https:&#x2F;&#x2F;www.wallstreetoasis.com&#x2F;forum" rel="nofollow">https:&#x2F;&#x2F;www.wallstreetoasis.com&#x2F;forum</a> has pretty good forums, not exactly posting and commenting links.

Many good subreddits. r&#x2F;FIRE and if you&#x27;re in the UK: r&#x2F;UKPersonalFinance and r&#x2F;FIREUK. There is likely similar for US and other countries but I&#x27;m less familiar with those.

I know this is going to be considered OT, but I recommend subscribing to the FT.<p>failing that, getting an RSS feed of a wires service that got a good finance section (Reuters or Bloomberg.)

Many moons ago there used to be an HN for finance that was a clone of HN but with a green theme. I believe it was called Mogul something. All the articles had some connection to finance and I never saw investment advice, just analysis. It abruptly stopped one day. I’d use a version of HN focused on finance (we’ve considered building one at our company).<p>Update: it was called newmogul.

Well, the thing about HN is that it&#x27;s usually not replicable. So whenever people ask for &quot;HN but for X&quot; it&#x27;s easy to forget that there is no other HN with the characteristics like this community (and i&#x27;m not sure i&#x27;ll ever witness)

For personal finance <a href="https:&#x2F;&#x2F;forum.whitecoatinvestor.com&#x2F;" rel="nofollow">https:&#x2F;&#x2F;forum.whitecoatinvestor.com&#x2F;</a> is probably the best for higher net worth &#x2F; income individuals (they have a large forum). <a href="https:&#x2F;&#x2F;www.bogleheads.org&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.bogleheads.org&#x2F;</a> is also excellent.<p>For finance itself r&#x2F;finance has some good posts on occasion, and there is an insurance professional forum which can be useful for those products, but not one all encompassing board.

There used to be a exact clone of HN for finance called Quant.ly but this is now some trading tool and i can’t even find evidence of it in the wayback machine on internet archive. Time for a new one, perhaps?

<a href="https:&#x2F;&#x2F;www.bogleheads.org&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.bogleheads.org&#x2F;</a> if you want more of a classic web forum

Value Investor Club is not what it once was in part due to the decimation of value investing over the last decade along with a general decline in norms of professional conduct but it’s still the best resource. Membership is limited but you can read older stuff at a lag and it’s a great educational resource for new investors.

I think its not HN but it&#x27;s the openness and inclination to help that makes HN very unique.

For people who work in financial services, the Bloomberg terminal is the home for financial news, information, and communication. The messaging experience is essentially DMs and email to others in the Bloomberg ecosystem rather than a forum-like experience.

Not a forum but for signal and conversation -<p>EconTwitter.net, which is a Mastodon.<p>Subscribe to various REPEC bots, of which there are a few for various flavours of finance <a href="http:&#x2F;&#x2F;nep.repec.org&#x2F;" rel="nofollow">http:&#x2F;&#x2F;nep.repec.org&#x2F;</a>

For Canadian equities, especially mining stocks, ceo.ca seems to have a lot of knowledgeable participants.<p>Otherwise, maybe a Bloomberg terminal, though it&#x27;s out of reach for most people. The high price to entry is a feature, not a bug.

As an update to this, what about more institutional websites like [1] [1] <a href="https:&#x2F;&#x2F;www.institutionalinvestor.com&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.institutionalinvestor.com&#x2F;</a>

i would like to add, is there a HN for Law?<p>primarily legal tech, OSS ideology, developments, ?

Wall Street Oasis is probably the closest thing <a href="https:&#x2F;&#x2F;www.wallstreetoasis.com&#x2F;forum" rel="nofollow">https:&#x2F;&#x2F;www.wallstreetoasis.com&#x2F;forum</a>

Not HN like but a finance community I can think of would be StockTwits: <a href="https:&#x2F;&#x2F;stocktwits.com&#x2F;" rel="nofollow">https:&#x2F;&#x2F;stocktwits.com&#x2F;</a>

Not as much content as HN, but I go here once in a while<p><a href="https:&#x2F;&#x2F;econbrowser.com&#x2F;" rel="nofollow">https:&#x2F;&#x2F;econbrowser.com&#x2F;</a>

Wall Street Oasis: <a href="https:&#x2F;&#x2F;www.wallstreetoasis.com" rel="nofollow">https:&#x2F;&#x2F;www.wallstreetoasis.com</a>

For the industry backchannel side of HN, such as sharing compensation numbers or layoff news, there’s Wall Street Oasis.

The reason there is no HN for finance is that people, in general, don&#x27;t hack finance. They are just consumers of a tightly setup up and controlled legal, political and technical infrastructure.<p>Oh, sure there are &quot;sophisticated&quot; day traders, but those are just fodder for the Wall Street casino.<p>The closest to really hacking finance was (the horror, the horror) the cryptofinance lot, but this has degenerated quickly into a rob-thy-neighbor ponzi scheme.

No, &quot;HN for {}&quot; isn&#x27;t a thing in general, I don&#x27;t why people keep asking these questions.

maybe ask your favorite language model for advice. They say it&#x27;s the answer to all questions, sort of like 42.<p>My point is here: <a href="https:&#x2F;&#x2F;youtu.be&#x2F;_8yVOC4ciXc?t=696" rel="nofollow">https:&#x2F;&#x2F;youtu.be&#x2F;_8yVOC4ciXc?t=696</a> - they explain that gpt3 (almost) learned how to add and multiply, but they don&#x27;t know how. To me that&#x27;s the thing. (the insight comes at 12:29, 15:23)<p>in a sense that is kind of an admission that we don&#x27;t know what the heck what is going on. That&#x27;s kind of stronger than the claim to &quot;strong AI&quot;.<p>Being able to define a system as being as a &quot;Strong Ai&quot; assumes that we would still know hat is actually going on. An understanding of what is going on would imply a claim of understanding of what is happening, that in turn implies a claim of being in charge of show.<p>(Maybe that&#x27;s a cyperpunk way of looking at the whole frigging show ;-)

HN is HN for Finance if you make a decent amount of effort.

there&#x27;s a couple of telegram channels like BIZfeed but that one is mainly crypto

Litquidity

A &quot;HN for Finance&quot; has about the same appeal to it&#x27;s regular crowd as &quot;HN for Fruitarians&quot;.<p>The &quot;Fruitarians&quot; already have their tight communities. Everyone who wanted to be in such a community is there already, not dumbly questioning on HN.