Bradley Calder

acmereporter.com/blog/2026/3/11… Most US budgeting systems split spending into needs and wants. Japan’s kakeibo adds a third category: culture. Books, education, museums, learning. The insight is simple but powerful: not all discretionary spending is equal. Some spending compounds.

Summer Institute 2026 Asset Pricing Section video now live youtube.com/live/cXeKjamsD… thank you @nberpubs

@NileshShah68 Such a tragedy.

This is such a sad story. “Get rich quickly” results into such tragedies. Few gets reported and many goes below the radar. As per SEBI’s research Retail Indian Speculators loss in derivatives trading exceed Rs 2.80 lac crore between FY 22-25. May be time has come to make it mandatory to pass minimum qualification criteria for trading in derivatives market.

@rich_toad Nancy Zimmerman holds this record.

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@BobEUnlimited Gross of taxes too.

If you think Private Credit is terrible for investors, check out Fund of Hedge Funds products from major bank wealth managers with billions in AUM. The client gets charged 670bps to enjoy a 3.4% return over cash over the last few decades.

@WarrenPies You have to condition on VIX.

The last 10-days have been unlike any 10-day period in the market since 1950. First, the S&P 500 is up 9.8% in 10-days, which is in the 99.7th percentile of all 10 day returns.

@Irenezhao_ Only possible if you are Singaporean and live in HDB

Googled 'how much to retire in Singapore'. The answer is S$1.6M. Be honest, is S$5M enough for you to retire in SG?

@Rahul_J_Mathur Could have just bought Bitcoin.

@AshleyDudarenok Does this create wealth or is it just shifting existing consumption to a new platform?

We need to talk about how Chinese virtual shopping is redefining the retail experience! 💡 Follow for grounded insights into how China’s retail, platforms, and consumer ecosystems are evolving. #chinabusiness #markettrends #digitalchina #consumerbehavior #innovation

@Iamsamirarora It would be really helpful for India overall if they had a globally competitive leading edge digital technology / R&D intensive firm. Most domestic firms are completely comfortable with high margins and low R&D on a relative basis. A ten year project, but probably achievable.

FII holding in India: approx. US$ 750 billion FII holding in just Samsung Electronics, TSMC and Hynix: US$ 1.75 trillion Source: Nomura How much India has lost in past 2-3 yrs on a relative basis is crazy.

@alialsalim @ShaykhSulaiman Is there something idiosyncratically negative for Emaar, but not the other five, that you can articulate? Thanks.

@ShaykhSulaiman This is an index of publicly traded real estate related companies (developers and landlords). Its comprised of only 6 constituents, the largest by far being Emaar. So this says more about the price of Emaar, rather than Dubai real estate as an asset class.

BREAKING: DUBAI REAL ESTATE INDEX HAS NOW LOST 1/3RD OF ITS VALUE IN JUST 9 DAYS

Over the last month, another major war has begun. Market reaction: - ACWI ex US hedged to USD -3.5% - S&P 500 -2.5% - Gold +2.5% - Bitcoin +7.5% - Brent +43.1%

Federal Reserve balance sheet expanded by another $15 billion. The expansion that Chairman Powell signaled is clearly underway.

The 20 millionth Bitcoin was mined yesterday. Now there are only one million new Bitcoins to be mined, which will take over 100 years. Decentralized, inflation-proof, global money.

@Barchart Venture capital has a roughly 75% failure rate even for successful venture investors.

Chamath SPAC Performance 🚨 Ouch, maybe Jim Cramer and Cathie Wood aren't so bad 😂😂

@LynAldenContact @GraphCall I guess people just have really high trust implicitly in the centralized system?

@GraphCall Imagine thinking that having a certificate that represents company shares counts as self custody in the same vein as holding a gold coin or a private key. Stock ownership can be transferred by legal decree, since it’s all on a centralized ledger.

I always thought that many #BTC gurus were insufficiently trained in monetary and capital markets matters to realize the flaws in the #BTC proposal. But I never expected to be vindicated that much. 🤔 Have you heard of stock certificates??? 🤦‍♂️ OPTION 1: direct registration. This is how you can have custody your stocks in your own name instead of in the name of a broker with the CCASS in Hong-Kong. It's a pain the neck sure, but it's perfectly doable. CCASS does allow investors to open an Investor Participant Account, which is essentially a custodial stock account held in the system itself. Mechanically: You can hold your stocks in CCASS under your own investor account rather than entirely relying on your broker’s custody accounts. In the US you have the DRS. OPTION 2: Prepper! Or if you really want to go prepper, you can ask for stock certificates!

The Fed printed $19 billion last week and is now expanding its balance sheet by buying treasury bonds. #RegimeShift