This is one of the most interesting phenomenon in China. You have people buying very expensive real estate with cash from all those savings. When...
There's a ton of building but at the same time if you see how crowded everything is, it seems like China needs more infrastructure than less....
One thing I've never understood about this theory of massive housing oversupply: I have been to China many times and everything is crowded as hell...
I guess they are arguing that GS is inflating the price of aluminum by sitting on it and not selling until the price is high. Anyone who...
No need to be so negative all the time. It is a tall building. Not every tall building is the herald of the decline in civilization. What I'm...
I think you have a good sense your own situation. Since you wanted to go into investment management, which is the field I've been working in...
To each his own I guess. How hard do you think it is to access Google's exposures to various currencies and then just execute and adjust those...
I thought greenlight was more like a dozen people. Regardless the the point is the same though, the good places are extremely hard to get into....
I'll admit that my knowledge of the investment management landscape isn't nearly as good as it should be, but I always had the impression that...
Can you get into a good investment management firm straight out of a top mba program? Don't the good buy-side shops hire fairly strictly from...
I would find fault with this argument. Initially he had to have a big mark up to pay his costs. Later on, he had to maximize profits because of...
Why is that. Houses in certain parts of the country often fall below the cost of new construction and stay there for long periods of time. Unlike...
Actually it is a last twelve month number calculated by IB. I haven't calculated the one with my whole history, it will be somewhat lower. As I've...
I've glanced at this several months ago. The fact that I need to give away account statement authority or something like that is a deal breaker...
Its about 5 on a LTM basis. Perhaps not as high as you would expect given significant monthly volatility of returns, mostly to the upside.
This is symptomatic of arguments in general- it is far easier and concise to prove a point with dramatic anecdotes (which is also what you have...
Good post, and a bunch of interesting thoughts. Personally I have been skeptical of the value of college experiences. When people are spending...
I get close to 7x margin at IB. Yeah its pretty much all large caps.
134% long, -76% short, roughly speaking in the long term portfolio. Net long exposure would be somewhat lower considering some covered call...
I see what you're doing here. Monthly returns compound. I expect people to audit my screen shots in an attempt to find logical...
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