Top Counterterrorism Official Resigns in Protest of Iran War bloomberg.com/news/articles/… This is a war that we didn't need. We are depleting our weapons that we will need later.
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David Merkel
42.3K posts
David Merkel
@AlephBlog
The two main goals: teaching investors about better investing through risk control, and tying all of the markets into a coherent whole.
Baltimore, Maryland Inscrit le Mart 2010
223 Abonnements12.4K Abonnés
When the Best Retirement Is No Retirement at All bloomberg.com/news/features/… I agree -- stay mentally and physically active. Keep learning.
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Charities Face Projected $5.7 Billion Yearly Hit From Tax Change bloomberg.com/news/articles/… The One Big Bad Bill strikes again.
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Mastercard to Buy Stablecoin Startup BVNK for Up to $1.8 Billion bloomberg.com/news/articles/… This is the future for stablecoins. One main payments ecosystem.
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Chicken thighs’ ubiquity can be credited to a four-piece combo: Immigration from regions that embrace dark meat, evolving culinary culture, economic forces and technological advances. wsj.com/arts-culture/f… Having them for dinner this evening. 85 cents per pound bone-in.
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The Race to Bank AI Agents in New Era of Commerce Is Heating Up bloomberg.com/news/articles/… Wait until you get fraudulent transactions that can't be reversed. The value of $V $MA $AXP & $COF will be obvious then. Custodians are safer than crypto.
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Traders Are Ditching Giant Hedge Funds to Set Their Own Terms bloomberg.com/news/features/… Quality of life issues matter. If "pod shops" are so unyielding, w/short time horizons (impossible to win at that regularly) you will have a talent exodus doing investing over the longer-term.
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The Fed's $200 Billion Bank Stimulus Poses a Big Risk bloomberg.com/opinion/articl… Optimal solution: a one-time special dividend.
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Active managers are in a new Wall Street gold rush, racing to develop investment strategies that can help wealthy Americans crush their tax bills. bloomberg.com/news/features/… We need to tax the wealthy on their unrealized capital gains, & allow them to pay the IRS "in kind."
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Cuba Suffers Nationwide Blackout as Fuel Shortages Hit Power Grid bloomberg.com/news/articles/… I never thought I would feel sorry for Cuba, but this is tough.
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Benjamin Netanyahu’s Iran ‘fixation’ finds its moment in Donald Trump ft.com/content/092e23… And now we have to live with it. The only real winner here was Israel.
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Private Credit’s Gate-Crashers Are Forcing Funds Into a Brutal Spot bloomberg.com/news/features/… Likely liquidated the better loans in order to provide liquidity. If the NAV could be measured, it would have fallen by more than the distribution.
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US stocks are facing a growing risk of a sharp selloff this year as the escalating war in Iran hurts global markets, according to veteran strategist Ed Yardeni, updating his outlook for what he describes as “fast-moving times” bloomberg.com/news/articles/… He's no perma-bear.
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Takaichi Recasts Japan’s Postwar Defense Doctrine With East Asia on Edge bloomberg.com/news/features/… Probably the right thing to do.
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After the Iran War, Gulf Arab states will rethink everything from defense and regional alliances to overseas investment and their role in global markets. bloomberg.com/news/articles/… This war was a real mistake -- an unforced error.
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It’s the leveraged loan market’s liquidity paradox bloomberg.com/news/articles/… When investors "play for time," hoping against hope, they sell the best assets & keep the crud. When investors do real risk control, they sell the crud, & keep the best. This is getting ugly.
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@Ritholtz @jposhaughnessy Sometimes known as the "Coffee can" portfolio, when relatives find a bunch of stock certificates in an old coffee can left behind by the decedent. My book of business is small, but I have had to aid two clients with this, & it is not easy converting certificates to electronic
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To clarify this, neither myself nor Jim @jposhaughnessy were ever able to track down the original study
Business Insider reported on our 2014 discussion, which became a minjor urbanm legend.
There are extensive discussions of this at reddit trying to identify (unsuccessfully) the origial FIDO research, and they also point to our 2014 pod.
Sorry to disappoint --its a great anecdote, if only it were proven...
McQuaid@michaelgmcquaid
Investing… A Fidelity study found their best performing clients were those who had passed away. Their accounts, untouched and forgotten followed a strict buy-and-hold strategy. No panic selling, no market timing. Just steady growth over time. The second-best group? Clients still alive who forgot their accounts existed. Like the deceased, they didn’t meddle, letting their investments compound without interference.
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From phantom water machines to faked invoices, a trail of corporate wreckage is drawing Jefferies into a widening legal storm bloomberg.com/news/articles/… Like Wells Fargo or Credit Suisse, when a lot of things go wrong, people ask "Is there more?" $WFC $JEF $UBS
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Elon Musk’s artificial intelligence startup xAI is looking to hire bankers and private credit lenders to make its Grok chatbot better at finance strategy bloomberg.com/news/articles/… You might get an assistant, but probably not an expert.
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@JessicaNutt96 It is a price forecast, but like most detailed financial forecasts, it is rarely right. It does reflect the current betting line, though.
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The econ pedants really need to stop with their “futures curve is not a price forecast” nonsense. If it’s a liquid tradeable asset what else could it be?
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