So, for those of you that know me know I think, ALOT, and in the process I come up with lots of ideas. I’m also the type of person that tries to do EVERYTHING and too much. After listening to my Pastor’s (excellent) latest sermon on time, I’ve decided I need to be free of feeling like I have to do so much, and just concentrate on the most important things, if I’m really going to be successful in life.
So here I’m listing a load of the hair-brained business ideas I’ve had. They are now all public, so anybody can feel free to do them if they really think they’re good, and feel free to give a little of the profits if they make a lot :-P
Finance
Control Systems For Market Making
During by time at DB I was involved in a lot of derivatives pricing and risk analysis. One of the ideas I had related to market making. In market making systems use programming logic to determine what price / spread / volume to apply to market making a security. It might be a good idea to model these as a control/feedback system (or even fuzzy logic) as applied in engineering to come up with stable yet fast acting pricing systems.
Fuzzy Option Pricing
There are a few papers published about this, but basically the idea is you model an option’s behaviour using a fuzzy logic system that is intuitive to people who know how options should perform given certain conditions. It might be faster than analytical methods, but maybe less accurate.
Fuzzy Vol Models
Again related to option pricing. While you might still calculate the price of an option using conventional methods, it might be a good way to construct a vol service using a fuzzy logic system. This would allow the construction of a smooth service, with no discontinuities using logic steps rather than adjusting parameters for skew / long vol / etc.
China
Snowboarding
There must be snow in China, and its cheap to construct and employee in China. Would stand to reason that opening a ski resort for snowboarding and skiing might be really good way to attract tourists and make money, especially since within Asia, Korea and Japan are the main places and are both pretty expensive.
Tailored Jeans
There are places in Europe / America that will do tailored jeans for you, any style, custom fit, warn, new, etc. Thought Hong Kong / China would be a great place to do this too, due to the cheap labour and easy custom production that is available in China. Similar to the way HK is a prime destination for tailored suits and shirts at great prices.
TV Aggregator
There’s rise of having a ridiculous number of TV channels in Asia these days. In the US there are sites like Titan TV and Tv Tv in Europe which aggregate TV schedules from all the different networks so you can find out in one place what’s on. They also offer services so that DVRs like Elegato can query and programmatically record all of your favourite series like a Tivo.
