public:sotm:reading_2022
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public:sotm:reading_2022 [2022/12/01 20:20] – [2022-12-01] raju | public:sotm:reading_2022 [2024/03/12 06:13] (current) – [2022-11-30] admin | ||
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+ | ==== 2022-12-27 ==== | ||
+ | Notes from https:// | ||
+ | * 8% stake in Robinhood for $546 million; 56 million shares | ||
+ | * Antigua, New Jersey and Delaware | ||
+ | * Emergent Fidelity Technologies, | ||
+ | * Bankman-Fried owns 90% of Emergent and Wang owns the rest | ||
+ | |||
+ | ==== 2022-12-20 ==== | ||
+ | In regards to https:// | ||
+ | * Well written; easy to understand. Checkout the other articles from the author - James Mackintosh. | ||
+ | |||
+ | ==== 2022-12-14 ==== | ||
+ | Notes from https:// | ||
+ | * Daily Average Revenue Trades (DARTs) | ||
+ | |||
+ | ==== 2022-12-12 ==== | ||
+ | Notes from https:// | ||
+ | * Strategists | ||
+ | * Morgan Stanley’s Michael Wilson | ||
+ | * ranked No. 1 in the latest Institutional Investor survey | ||
+ | * Goldman Sachs' | ||
+ | |||
+ | ==== 2022-12-07 ==== | ||
+ | Notes from https:// | ||
+ | * Virtu Financial | ||
+ | * CEO is Douglas Cifu | ||
+ | * Brookfield Asset Management | ||
+ | * CEO Bruce Flatt | ||
+ | * Toronto-based alternative asset manager | ||
+ | * $125 billion of capital to deploy as of the end of September | ||
+ | * acquired control of Oaktree Capital in 2019 | ||
+ | * MSCI US REIT Index | ||
+ | * BNY Mellon | ||
+ | * Roman Regelman, CEO of securities services and digital | ||
+ | * Blackstone | ||
+ | * CEO Steve Schwarzman | ||
+ | * Cboe Global Markets | ||
+ | * Chicago-based | ||
+ | * CEO Ed Tilly | ||
+ | * operates Cboe Digital | ||
+ | * the traditional model where customers are represented by their agents, and those brokers or agents are part of the exchange | ||
+ | * got into cryptocurrencies this year with the acquisition of Eris Digital Holdings LLC | ||
+ | * Citigroup | ||
+ | * CEO Jane Fraser | ||
+ | * October and November were good months in terms of trading activity | ||
+ | * U.S. Bancorp | ||
+ | * CEO Andy Cecere | ||
+ | * Allstate | ||
+ | * CEO Tom Wilson | ||
+ | * target combined ratio | ||
+ | * Apollo Global Management | ||
+ | * CEO Marc Rowan | ||
+ | * credit-focused firm | ||
+ | * India and the Middle East are attractive | ||
+ | * AUM $523 billion asof 2022-09 | ||
+ | * Lazard | ||
+ | * CEO Ken Jacobs | ||
+ | * boutique investment banks Moelis & Co. and Perella Weinberg Partners | ||
+ | * Ken Moelis, founder and CEO of Moelis | ||
+ | |||
+ | ==== 2022-12-06 ==== | ||
+ | Notes from https:// | ||
+ | * The Blackstone and Starwood funds are the two largest nontraded real-estate investment trusts | ||
+ | * Blackstone' | ||
+ | * AUM = \$69 billion. | ||
+ | * quarterly redemption limit of 5% of the fund’s net assets | ||
+ | * Starwood Capital Group' | ||
+ | * | ||
+ | * BlackRock, M&G Group, Schroders PLC, CBRE Investment Management and Legal & General | ||
+ | * FTSE NAREIT All Equity REITs Index | ||
+ | * tracks publicly traded landlords | ||
+ | * Appraisals look backwards, and markets look forward | ||
+ | * Washington State Investment Board | ||
+ | * state pension fund | ||
+ | |||
+ | ==== 2022-12-05 ==== | ||
+ | Notes from https:// | ||
+ | * Morgan Stanley’s Michael Wilson, one of the US stock market’s most-vocal skeptics | ||
+ | |||
+ | ==== 2022-12-02 ==== | ||
+ | Notes from https:// | ||
+ | * By Peggy Noonan | ||
+ | * Elizabeth Holmes was just sentenced to 11 years in federal prison | ||
+ | * Visionaries often leave the details to others! | ||
+ | * To the Democrats Sam Bankman-Fried was the biggest thing since George Soros. | ||
+ | * FTX’s new CEO, John Ray | ||
+ | * the crypto firm BlockFi filed for bankruptcy in New Jersey and Bermuda | ||
+ | * public weal | ||
+ | * Most interesting in psychopaths is the lack of remorse. They don’t like being caught—that upsets them—but they don’t mind causing others harm. It’s their superpower. | ||
+ | |||
+ | Notes from https:// | ||
+ | * Terra and Luna collapsed, wiping out $60 billion | ||
+ | * Terra and Luna were almost openly a Ponzi scheme | ||
+ | * only kibitzing on parts of the discussion | ||
+ | * laptop (an Acer Predator) | ||
+ | * skin-colored patch | ||
+ | * transdermal antidepressant, | ||
+ | * takes Adderall—“10 milligrams at a time, a few times a day” | ||
==== 2022-12-01 ==== | ==== 2022-12-01 ==== | ||
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* credit washing | * credit washing | ||
* Most negative information, | * Most negative information, | ||
+ | * Credit-repair companies | ||
+ | * Turbo Solutions Inc | ||
+ | * broke federal rules by collecting fees before providing services | ||
+ | * The Credit Game | ||
+ | * DoNotPay | ||
+ | |||
+ | Notes from https:// | ||
+ | * the SPDR S&P Retail ETF (XRT) | ||
+ | |||
+ | Notes from https:// | ||
+ | * Private brands of Walmart - Great Value household staples and George men’s clothing | ||
+ | * Private brands of Target - Cat & Jack kids’ clothing and Good & Gather food | ||
+ | * “If you get 99 things right and one thing wrong, people are going to remember the one thing. So you don’t get it wrong,” said Costco finance chief Richard Galanti. | ||
+ | |||
==== 2022-11-30 ==== | ==== 2022-11-30 ==== | ||
* three of the largest nonprofit blood centers in the U.S. Vitalant, OneBlood and the American Red Cross | * three of the largest nonprofit blood centers in the U.S. Vitalant, OneBlood and the American Red Cross | ||
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From https:// | From https:// | ||
* The maximum size of home-mortgage loans eligible for backing by Fannie Mae and Freddie Mac will rise to \$1,089,300 next year in a few expensive markets, from \$970,800 this year | * The maximum size of home-mortgage loans eligible for backing by Fannie Mae and Freddie Mac will rise to \$1,089,300 next year in a few expensive markets, from \$970,800 this year | ||
- | * FHFA = the Federal Housing Finance Agency | + | |
- | * FHFA oversees mortgage-finance giants | + | |
* For most parts of the country, loan limits will rise to \$726,200 from a 2022 maximum of \$647,200 | * For most parts of the country, loan limits will rise to \$726,200 from a 2022 maximum of \$647,200 | ||
* By law, loan limits are calculated annually using a formula that factors in average housing prices. | * By law, loan limits are calculated annually using a formula that factors in average housing prices. | ||
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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' | * Cursing was not tolerated in Archego' |
public/sotm/reading_2022.1669926028.txt.gz · Last modified: 2022/12/01 20:20 by raju