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Braeburn Capital (awesome name IMO) - http://en.wikipedia.org/wiki/Braeburn_Capital http://en.wikipedia.org/wiki/Braeburn_Capital
by traskjd 11y ago
Braeburn Capital (awesome name IMO) - http://en.wikipedia.org/wiki/Braeburn_Capital http://en.wikipedia.org/wiki/Braeburn_Capital
- return0 11y agoOK then where does braeburn keep its cash, in banks? Afaik, you practically lose money by keeping it in banks.
- czinck 11y agoWhen people talk about a company having "cash" they don't mean a stack of $100 bills, it just refers to any low-risk and liquid asset. US Treasury notes are by far the most common. As to where they keep that paper, there's far less of it and it probably goes in a vault somewhere. I remember that being an issue post-Sandy that banks vaults where they kept a lot of bonds were flooded.
- return0 11y agoyeah, i didn't mean literally. treasury notes are kind of like bonds?
- czinck 11y agoYeah, different term for the same thing. The technical term is government bond (as opposed to corporate), but most people call the US bonds Treasury notes or T-notes for short.
- dragontamer 11y agoActually, Treasuries have a vocabulary for them. * "Bills" are any Treasury that is shorter than 1 year. * "Notes" are 2-years, 3-years, 5-years, and 10-years. * "Bonds" are any Treasury that is longer than 10 years. They are all "bonds". But the vocabulary is a bit more precise than "short-term" vs "long term".