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Sunday, December 31, 2017
Friday, December 29, 2017
Thursday, December 28, 2017
tax Schemes
https://www.finance.senate.gov/imo/media/doc/101217%20Estate%20Tax%20Whitepaper%20FINAL1.pdf
Wednesday, December 27, 2017
Tuesday, December 26, 2017
Sunday, December 24, 2017
Saturday, December 23, 2017
Friday, December 22, 2017
Thursday, December 21, 2017
Wednesday, December 20, 2017
Tuesday, December 19, 2017
Monday, December 18, 2017
Sunday, December 17, 2017
Saturday, December 16, 2017
Wednesday, December 13, 2017
PE Returns
http://go.bain.com/rs/545-OFW-044/images/BAIN_REPORT_Global_Private_Equity_Report_2017.pdf
Saturday, December 09, 2017
Thursday, December 07, 2017
Tuesday, December 05, 2017
Monday, December 04, 2017
Saturday, December 02, 2017
Friday, December 01, 2017
Thursday, November 30, 2017
Wednesday, November 29, 2017
Tuesday, November 28, 2017
Monday, November 27, 2017
Sunday, November 26, 2017
Friday, November 24, 2017
Wednesday, November 22, 2017
Tuesday, November 21, 2017
Monday, November 20, 2017
Sunday, November 19, 2017
Saturday, November 18, 2017
Thursday, November 16, 2017
Wednesday, November 15, 2017
Tuesday, November 14, 2017
Sunday, November 12, 2017
Saturday, November 11, 2017
Wednesday, November 08, 2017
Tuesday, November 07, 2017
Thursday, November 02, 2017
Tuesday, October 31, 2017
Monday, October 30, 2017
Sunday, October 29, 2017
Thursday, October 26, 2017
Wednesday, October 25, 2017
Tuesday, October 24, 2017
Monday, October 23, 2017
Sunday, October 22, 2017
Saturday, October 21, 2017
Friday, October 20, 2017
Thursday, October 19, 2017
Wednesday, October 18, 2017
Tuesday, October 17, 2017
Monday, October 16, 2017
Sunday, October 15, 2017
Thursday, October 12, 2017
Wednesday, October 11, 2017
Friday, September 22, 2017
Wednesday, September 20, 2017
Tuesday, September 19, 2017
Sunday, September 17, 2017
Saturday, September 16, 2017
Friday, September 15, 2017
Wednesday, September 13, 2017
Sunday, September 10, 2017
Saturday, September 09, 2017
Friday, September 08, 2017
Thursday, September 07, 2017
Wednesday, September 06, 2017
Tuesday, September 05, 2017
Monday, September 04, 2017
Sunday, September 03, 2017
Saturday, September 02, 2017
Friday, September 01, 2017
Thursday, August 31, 2017
Wednesday, August 30, 2017
Tuesday, August 29, 2017
Wednesday, August 23, 2017
Tuesday, August 22, 2017
Monday, August 21, 2017
Saturday, August 19, 2017
Friday, August 18, 2017
Wednesday, August 16, 2017
Tuesday, August 15, 2017
Monday, August 14, 2017
Sunday, August 13, 2017
Tuesday, August 08, 2017
Monday, August 07, 2017
Saturday, August 05, 2017
Japan Might Be What Equality in Education Looks Like - The Atlantic
Japan Might Be What Equality in Education Looks Like - The Atlantic: “In Japan, you may have poor areas, but you don’t have poor schools,”
Friday, August 04, 2017
Wednesday, August 02, 2017
Tuesday, August 01, 2017
Monday, July 31, 2017
Saturday, July 29, 2017
Friday, July 28, 2017
Thursday, July 27, 2017
Wednesday, July 26, 2017
Tuesday, July 25, 2017
Monday, July 24, 2017
Wednesday, July 19, 2017
Monday, July 17, 2017
Saturday, July 15, 2017
Sunday, June 25, 2017
Saturday, June 24, 2017
Friday, June 23, 2017
Monday, June 19, 2017
Grocery Deals and Bond Ethics - Bloomberg
Grocery Deals and Bond Ethics - Bloomberg
It selects a lot of people who will probably be powerful later, marinates them in elitism for a little while, and then spits them out
It selects a lot of people who will probably be powerful later, marinates them in elitism for a little while, and then spits them out
Thursday, June 15, 2017
Wednesday, June 14, 2017
Tuesday, June 13, 2017
Monday, June 12, 2017
Sunday, June 11, 2017
Saturday, June 10, 2017
Friday, June 09, 2017
Wednesday, June 07, 2017
Tuesday, June 06, 2017
Blogging, Bonds and Bathrooms - Bloomberg
Bridgewater is at its core a quasi-religious organization whose purpose is to help its members find meaning and fulfillment and self-mastery.
Blogging, Bonds and Bathrooms - Bloomberg
Blogging, Bonds and Bathrooms - Bloomberg
Monday, June 05, 2017
Saturday, June 03, 2017
Friday, June 02, 2017
Thursday, June 01, 2017
finance
finance:
But if one steps back and looks at the 2016 election in a longer-term perspective, the most important conclusion is that after 16 years and five presidential elections, Democrats have profoundly failed to expand the sociological base of their coalition. The geographic and demographic profile of Hillary Clinton’s support in 2016 looks almost identical to the contours of Al Gore’s support in 2000. The Democratic coalition remains based on almost exactly the same “McGovern coalition” of minorities, youth, single women, and educated professionals
But if one steps back and looks at the 2016 election in a longer-term perspective, the most important conclusion is that after 16 years and five presidential elections, Democrats have profoundly failed to expand the sociological base of their coalition. The geographic and demographic profile of Hillary Clinton’s support in 2016 looks almost identical to the contours of Al Gore’s support in 2000. The Democratic coalition remains based on almost exactly the same “McGovern coalition” of minorities, youth, single women, and educated professionals
Wednesday, May 31, 2017
Tuesday, May 30, 2017
Airlines, Stock Splits and Voting - Bloomberg
Airlines, Stock Splits and Voting - Bloomberg:
But I think the "index funds ruin capitalism" story�is best read as just one strand of a larger "financial capitalism ruins capitalism" story, and while the index funds story is still pretty niche, the financial capitalism story has become very popular. In this story,�managers and investors have stopped thinking of companies as�companies, as human networks of employees and customers and investors, and now think of them instead as�numbers, as sets of financial factors to be optimized. There are many explanations�for this: Developments in graduate business education, or the rise of corporate activism, or the cultural role of Wall Street. But�the basic story is that companies�used to balance the interests of workers, customers and investors; now they have adopted a fully investor-centric model in which profits are the only goal and customer service and workers' rights are sacrificed. Sheelah Kolhatkar writes that "the investors-above-all doctrine seems to have triumphed over the more inclusive approach."
But I think the "index funds ruin capitalism" story�is best read as just one strand of a larger "financial capitalism ruins capitalism" story, and while the index funds story is still pretty niche, the financial capitalism story has become very popular. In this story,�managers and investors have stopped thinking of companies as�companies, as human networks of employees and customers and investors, and now think of them instead as�numbers, as sets of financial factors to be optimized. There are many explanations�for this: Developments in graduate business education, or the rise of corporate activism, or the cultural role of Wall Street. But�the basic story is that companies�used to balance the interests of workers, customers and investors; now they have adopted a fully investor-centric model in which profits are the only goal and customer service and workers' rights are sacrificed. Sheelah Kolhatkar writes that "the investors-above-all doctrine seems to have triumphed over the more inclusive approach."
Monday, May 29, 2017
Saturday, May 27, 2017
Monday, May 22, 2017
Sunday, May 21, 2017
Saturday, May 20, 2017
Friday, May 19, 2017
Relationships and Glass-Steagall - Bloomberg
Relationships and Glass-Steagall - Bloomberg
I suspect there is a sociological reason, which is that it feels more high-status to live in a world of favor-trading and gift exchange than a world of naked commercial transactions. "Oh, I'm close with the CEO of XYZ Corp., we play golf together and he listens to my advice" is a more satisfying description of your work life than "I have sold four units of M&A to XYZ Corp. this quarter." Business as a network of gift exchanges allows you to cast your business life as a life, your work relationships as friendships, your work as influential rather than merely lucrative.
I suspect there is a sociological reason, which is that it feels more high-status to live in a world of favor-trading and gift exchange than a world of naked commercial transactions. "Oh, I'm close with the CEO of XYZ Corp., we play golf together and he listens to my advice" is a more satisfying description of your work life than "I have sold four units of M&A to XYZ Corp. this quarter." Business as a network of gift exchanges allows you to cast your business life as a life, your work relationships as friendships, your work as influential rather than merely lucrative.
Thursday, May 18, 2017
Tuesday, May 16, 2017
Sunday, May 14, 2017
Saturday, May 13, 2017
Friday, May 12, 2017
Thursday, May 11, 2017
Wednesday, May 10, 2017
Tuesday, May 09, 2017
The Grumpy Economist: Fintech and Shadow Banks
The rise of fintech proves that there is no essential economic tie between loan origination and deposits or other short-term financing
The Grumpy Economist: Fintech and Shadow Banks: The rise of fintech proves that there is no essential economic tie between loan origination and deposits or other short-term financing�
The Grumpy Economist: Fintech and Shadow Banks: The rise of fintech proves that there is no essential economic tie between loan origination and deposits or other short-term financing�
Why did the industrial revolution start in Britain?
https://www.nuffield.ox.ac.uk/users/allen/unpublished/econinvent-3.pdf
Saturday, May 06, 2017
Friday, May 05, 2017
Thursday, May 04, 2017
Wednesday, May 03, 2017
Tuesday, May 02, 2017
Monday, May 01, 2017
Sunday, April 30, 2017
Friday, April 28, 2017
Thursday, April 27, 2017
Tuesday, April 25, 2017
Monday, April 24, 2017
Sunday, April 23, 2017
Friday, April 21, 2017
Thursday, April 20, 2017
Wednesday, April 19, 2017
Tuesday, April 18, 2017
Sunday, April 16, 2017
Thursday, April 06, 2017
Wednesday, April 05, 2017
Monday, April 03, 2017
Saturday, April 01, 2017
Friday, March 31, 2017
Thursday, March 30, 2017
Wednesday, March 29, 2017
Japanese equity business outstrips Hong Kong
Hilarious that cross shareholding unwinds are still a thing.
Japanese equity business outstrips Hong Kong
Japanese equity business outstrips Hong Kong
Tuesday, March 28, 2017
The Death of the White Working Class Has Been Greatly Exaggerated
lagged selection bias
The Death of the White Working Class Has Been Greatly Exaggerated: lagged selection bias
The Death of the White Working Class Has Been Greatly Exaggerated: lagged selection bias
Monday, March 27, 2017
Sunday, March 26, 2017
Saturday, March 25, 2017
Friday, March 24, 2017
Thursday, March 23, 2017
Wednesday, March 22, 2017
Money Stuff: Unicorn Swaps and Falling Complacency - ofriel@gmail.com - Gmail
Disruptive financial innovation just works better at an incumbent bank.
Money Stuff: Unicorn Swaps and Falling Complacency - ofriel@gmail.com - Gmail: Disruptive financial innovation just works better at an incumbent bank.
Money Stuff: Unicorn Swaps and Falling Complacency - ofriel@gmail.com - Gmail: Disruptive financial innovation just works better at an incumbent bank.
Tuesday, March 21, 2017
Monday, March 20, 2017
Sunday, March 19, 2017
Saturday, March 18, 2017
Friday, March 17, 2017
Wednesday, March 15, 2017
Tuesday, March 14, 2017
Monday, March 13, 2017
Sunday, March 12, 2017
Friday, March 10, 2017
Performance Reviews and Bank Historians - Bloomberg View
Performance Reviews and Bank Historians - Bloomberg View:
Isn't the point of having a lot of money that it frees�you from the need to sit around and listen to people evaluate your performance?�
Isn't the point of having a lot of money that it frees�you from the need to sit around and listen to people evaluate your performance?�
Thursday, March 09, 2017
Family Offices, Dentists and Quants - Bloomberg View
Family Offices, Dentists and Quants - Bloomberg View:
The basic process of investing is that you look at some historical information, you make some predictions about the future, and you invest based on those predictions. At that level of generality, that's not a strategy that can become crowded; that's just what the process of investing is.
The basic process of investing is that you look at some historical information, you make some predictions about the future, and you invest based on those predictions. At that level of generality, that's not a strategy that can become crowded; that's just what the process of investing is.