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Lehman Bros
Wall Street during the early 2000s, with a focus on Lehman Brothers, one of the oldest and most aggressive investment banks. The mortgage industry saw significant growth due to securitization and government encouragement of homeownership, leading to the bundling and selling of mortgage contracts to institutional buyers worldwide. Lehman’s executives, such as Anthony Fry and…
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Monaco Expansion
Monaco, the world’s smallest and wealthiest country, is expanding into the sea with a new $2 billion neighborhood called Mareterra. The development, which costs $2 billion, is being funded by nine wealthy families, six of whom are from European countries outside of Monaco. The project directors have the power to approve new residents, making the neighborhood…
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YouTube’s Financial Spokesperson
Patrick Boyle has two very valuable skillsets and provides great perspective and context to breaking news stories. He has the ability to trade as well as make engaging videos. Topics covered are trust, stats, cognitive biases, and ponzis, brexit, and bubbles.
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Why 2% Succeed. Lessons from Warren Buffett
Buffett expresses his belief in investing only in things he understands and shares his experience with evaluating businesses based on their economic characteristics. He uses examples of industries like automobiles and airplanes to illustrate how difficult it is to predict winners and emphasizes the importance of understanding the economic consequences of a business. Buffett shares…
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The Thiel Experience
I’m not sure if Thiel is at the same level of Bond villain as Elon or Sam Altman but this interview was entertaining at 1.5x. Peter Thiel and Joe Rogan discuss various topics including Thiel’s contemplation of leaving California and the country, the US budget deficit, the paradoxical nature of California’s economy, and the history…
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Supersonic Airlines?
Boom Supersonic discusses the progress of its supersonic jet, the Overture, with a focus on the development of its own engine, Symphony, and the advanced design of the flight deck. The company aims to bring supersonic airliners back into commercial service within the next 5 years due to the increased speed leading to more travel…
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Rich People Toys
Jeff Bezos and Tim Dodd, also known as The Everyday Astronaut, provide an exclusive tour of Blue Origin’s new factory, showcasing the next vehicle, New Glenn. The tour covers various aspects of the rocket, including its reusable ring fin, landing legs, interstage of the main tanks, engines, fairings, and the use of inertial navigation for…
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Explainer…
The Nikkei index experienced its second biggest decline in history, and the unwinding of carry trades and the Bank of Japan’s ultra-easy monetary policy were identified as primary reasons for the selloff. Buffett’s Berkshire Hathaway recently increased its cash holdings and sold a significant portion of Apple stock, leading to concerns about his bearish outlook…
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VIX Explosion
Yen Carry Trade Deep Dive,” Brent Johnson discusses the concept of a carry trade and how Japan’s zero or negative interest rates for decades have made the Japanese Yen an attractive currency for this investment strategy. However, when the currency starts to appreciate or interest rates rise, the cost of carry can exceed the return, leading…
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Data Dump…
Cell phone and tablet ad identification data explained. “You have become the product.” *erik prince is promoting his own smartphone in this interview.
Got any book recommendations?