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But he also has a profound respect for the markets, and an ability to read the screen -- we used to say read the tape, but there is no tape anymore -- and sense when it isn't wise to play a trend.
The system can read the tape as quickly – or as slowly – as you can pull it through the reader.
Read the tape.
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Already, NASA has lost data from some of its earliest missions to the moon because the machines used to read the tapes were scrapped and cannot be rebuilt.
He had also saved that program on cassette tapes but didn't have a machine that could read the tapes.
In an attempt to read the tapes, a few Carnegie Mellon graduate students had to retrofit a Digital Equipment VAX processor with the 1980s-era operating system and software capable of translating the tapes.
A large number of backup files were made on Digital Linear Tape (DLT) which Disney/LucasArts had been able to recover for Double Fine, but the company had no drives to read the tapes.
"The people who were reading the tape -- in terms of currency trends, bond market trends and stock market trends -- were making money," he said.
Mr. Redleaf, who collected two mathematics degrees in three years at Yale, says Mr. Cohen's talent for sensing changes in trading volumes — "reading the tape," in Wall Street parlance — was "supernatural".
It appears that one investor is banking on more of the same and if we're reading the tape correctly as a three-legged spread appeared involving 10,000 volatility contracts at each.
Establishing the correct location and reading the tape in situ can be problematic.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com