Writing a blog post summary of another summary of an academic paper may seem to be ridiculously derivative but bear with me, this is crypto. And whenever I think of crypto, I can’t help but… Read More »Bitcoin and Blockchain: One Plus One Equals Zero – as per Nassim Taleb
Wow, talk about getting your knickers in a twist. Joe Biden’s plan to tax capital gains as ordinary income for people making over $1 million a year really hurt the feelings of some on Wall… Read More »Claim that Cap Gains Hike Will Hurt American Prosperity Is Ridiculous
Wall Street Seen as Casino for Rich Insiders. The Only Real Solution Is To Breakup the Banks. Enough already! Enough with celebrity SPACs, exploding ETFs, and kamikaze Reddit hordes. Enough of high frequency trading and… Read More »Enough Already! Archegos Shows Wall Street Needs Radical Reform
The financial press is twittering (like birds, not social media addicts) about a leaked report prepared by a group of 13 first-year analysts in Goldman Sach’s vaunted training program which showed they worked an “average”… Read More »Pity the Poor Goldman Analyst
I never spent much time dealing with or even thinking about BlackRock. As an endowment CIO, Godzilla-sized index managers are the opposite of the type we would ever consider. Sure, we used some of their… Read More »Larry Fink, World’s Greatest Hypocrite
Apollo — not the Greek god of music and poetry who resides on Mount Olympus, the other one, the one who is a Wall Street god of greed and decadence — is busy attempting to… Read More »Notes from the Wall Street Cesspool: Apollo Edition
The Wall Street Journal Editorial Board’s Portrayal of Trump’s Economic Track Record before Covid-19 is Fake News All the opinion polls show the same thing: the single issue on which Trump is perceived as better… Read More »Trump’s Pre-Covid Economic Miracle is a Myth
Steal from the Poor and Give to the VC founders In this NYT’s piece, Robinhood is revealed as a financial predator who steals from the poor to make their VC founders wealthy. Like all online… Read More »Robinhood Preys on the Poor