public:sotm:reading_2022
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| public:sotm:reading_2022 [2022/12/01 21:50] – [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 ==== | ||
| Line 32: | Line 131: | ||
| Notes from https:// | Notes from https:// | ||
| * the SPDR S&P Retail ETF (XRT) | * 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 ==== | ||
| Line 41: | Line 145: | ||
| 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. | ||
| Line 1151: | Line 1254: | ||
| * 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 | ||
| Line 1208: | Line 1311: | ||
| * 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_2022.1669931404.txt.gz · Last modified: 2022/12/01 21:50 by raju