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How Google Makes Money
Aravind Srinivas and Lex Fridman, they explain that Google earns revenue primarily through search advertising on Google AdWords. Google’s search engine, with its high daily traffic, serves as the largest real estate on the internet for advertisers to bid for keywords related to their businesses. When users click on these ads, Google charges the advertisers, with…
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BTC as Money?
Michael Saylor makes the case that Bitcoin should not be considered a currency due to its lack of legal tender status. He explains that using Bitcoin as a currency would result in added costs and complex accounting transactions due to its taxable status. Saylor also highlights that currencies are regulated by nation-states, and the advantages…
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Debt or Defense….
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The Favorite Location of the .01%
“Why Wyoming is so Weirdly Wealthy,” Wendover Productions explores the paradox of Wyoming’s unattractive living conditions and limited resources yet having a high concentration of billionaires, particularly in Teton County. The area, which has transformed from a remote ranching town into a vacation destination, attracts wealthy individuals due to scenic landscapes and tax benefits. However,…
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Competition for Stocks
BlackRock and Citadel Securities, two financial heavyweights, have begun the process to create a new stock exchange in Texas. The Texas Stock Exchange directly challenges the dominance of the New York Stock Exchange (NYSE) and NASDAQ. The new exchange, located in Dallas, aims to have fewer restrictions on listed companies and offer a cheaper and easier…
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Fed Cuts?
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Class of 2024
This is up there with Steve Jobs’s Stanford speech….Bravo Roger and Dartmouth. Well worth anyone’s 25 minutes.
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Livermore the Legend
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Whale Family Office
The rise and fall of Bill Hwang, the man behind Archegos Capital Management, Hwang, initially an immigrant from South Korea, built a 20B fortune through his hedge fund and family office, only to lose it all when a stock sale triggered a margin call and exposed his excessive borrowing.
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Dark Pools vs Lit Trading
Dark pools, around since the 90s, are legal and regulated, but trades are kept hidden until after execution. They have grown in popularity, capturing 40% of US market share in 2021, and are used by hedge funds, pension funds, mutual funds, and brokers. Dark pools offer anonymity and potential additional liquidity, but lack of transparency…
Got any book recommendations?