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public:sotm:reading_2022 [2022/12/14 15:34] – [2022-12-12] rajupublic:sotm:reading_2022 [2023/06/29 05:03] – [2022-04-27] admin
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 +==== 2022-12-27 ====
 +Notes from https://www.bloomberg.com/news/articles/2022-12-27/alameda-lent-bankman-fried-546-million-for-robinhood-stake?srnd=premium
 +  * 8% stake in Robinhood for $546 million; 56 million shares
 +  * Antigua, New Jersey and Delaware
 +  * Emergent Fidelity Technologies, the corporate entity that owns the Robinhood shares
 +  * Bankman-Fried owns 90% of Emergent and Wang owns the rest
 +
 +==== 2022-12-20 ====
 +In regards to https://www.wsj.com/articles/bank-of-japan-blinked-in-standoff-with-markets-11671542586
 +  * Well written; easy to understand. Checkout the other articles from the author - James Mackintosh.
  
 ==== 2022-12-14 ==== ==== 2022-12-14 ====
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     * Controlled by the Johnson family     * Controlled by the Johnson family
     * In last year: revenue = \$24 billion, operating income = \$8.1 billion     * In last year: revenue = \$24 billion, operating income = \$8.1 billion
-    * Worth $74.8 billion+    * Worth \$74.8 billion
     * 33.5 million brokerage accounts by Q1 end     * 33.5 million brokerage accounts by Q1 end
     * Currently has 57,000 staff and will add 12,000 by Q3 end     * Currently has 57,000 staff and will add 12,000 by Q3 end
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   * Paul Gojkovich, a former director at Merrill Lynch   * Paul Gojkovich, a former director at Merrill Lynch
   * U.S. rules prevent individual investors from buying securities with more than 50% of the money borrowed on margin. No such limits apply to hedge funds and family offices.   * U.S. rules prevent individual investors from buying securities with more than 50% of the money borrowed on margin. No such limits apply to hedge funds and family offices.
-  * 2x leverage = $1 million borrowed for every $1 million of capital+  * 2x leverage = \$1 million borrowed for every \$1 million of capital
   * In a typical swap agreement, a bank gives its client exposure to an underlying asset, such as a stock. While the client gains—or loses—from any changes in price, the bank shows up in filings as the registered holder of the shares.   * In a typical swap agreement, a bank gives its client exposure to an underlying asset, such as a stock. While the client gains—or loses—from any changes in price, the bank shows up in filings as the registered holder of the shares.
   * Cursing was not tolerated in Archego's offices. It is a policy borrowed from Robertson’s Tiger.   * Cursing was not tolerated in Archego's offices. It is a policy borrowed from Robertson’s Tiger.
public/sotm/reading_2022.txt · Last modified: 2024/03/12 06:13 by admin