The Second Derivative | ETF Building Blocks Channel
The second derivative is everywhere in finance. It is convexity in bonds or gamma in options. When someone blows up in the financial world, it is usually...
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The second derivative is everywhere in finance. It is convexity in bonds or gamma in options. When someone blows up in the financial world, it is usually...
Absolute power corrupts absolutely. Nobody should have absolute power, yet the Fed has been given absolute power with checks & balances on paper only. "Independence" is code for being unaccountable for the negative consequences. There is no mechanism to hold the Fed accountable. Never seen people so excited about something down 50% … using btc as a proxy to the speculative mania pic.twitter.com/FtXB6QvBYv most shorted index nearing next resistance fib pic.twitter.com/1jTi803eCG Bad News: The 20% of the S&P that cannot pay interest on their debt with cash flow—zombies—are carrying $2.6 t...
Funny how things change. If you go back to 2015–2017, the biggest fad in finance was to open an account at Vanguard. com, throw a few thousand bucks in it, and stick it in index funds. This is how Vanguard accumulated many trillions of assets very rapidly. Vanguard’s assets under management are still growing, but not as quickly. These days, people are shoveling money into Robinhood accounts and buying Tesla (TSLA), SPACs, and crypto. From a personal finance standpoint, this is undesirable. I’m not the biggest fan of indexing. But the nice thing about people investing in index funds a...
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Even after you pay off the mortgage, you still don’t own the property. Not fully, anyway. From a philosophical standpoint, you’re renting the house from the government. That payment comes due in the form of property taxes. Property taxes are the worst kind of taxes. However… I’m Happy to Pay Another Kind of Tax It isn’t income taxes. When you tax people’s work and efforts, they want to work less. It’s just like taxing their property. You discourage people from wanting to own any. But when you tax sales, you’re discouraging consumption … and