bko

564 ms·

3931.
by bko 12y ago
Undergrad and MBA but I barely learned anything about structured products through any of my classes. Its mostly through working in the industry. It's very hard to find good data, especially market data for these more esoteric products
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by bko 12y ago
Perpetually low interest rates are a big concern to pretty much everyone in the industry apart from those employed at the Fed. Europe just cut their rates to negative. That means that investors have to pay countries to hold their money for
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by bko 12y ago
> The investors can earn relatively high returns on securities that the rating agencies have deemed low-risk. Last time I checked, the most senior (AAA) tranches of subprime auto abs deals are priced at libor + 20. That means that the in
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by bko 12y ago
I mentor a child for a volunteer program. One day his mother started asking me about which bank I like and which was the safest. I tried to explain FDIC insurance and how some banks offer ATM reimbursements and free checking. The mother was
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by bko 12y ago
I think community college is a great opportunity but I don't know if government funding this will really help many. From what I read, community college isn't very expensive and, since it is so valuable, I can't imagine that m
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by bko 12y ago
The Masters of Doom. It's about the history of id Software, a game development company that created Doom among other titles. Even if you're not interested in games, it's still worth a read. The writing style is very casual,
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by bko 12y ago
That's the basic concept of most licensing: ensure that the practitioner is good enough to meet some basic level of competence. Although that makes sense for things like a license to drive a car, I don't think it makes sense for t
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by bko 12y ago
> Finland is not a fan of standardization in education. However, teacher education in Finland is carefully standardized. All teachers must earn a master’s degree at one of the country’s research universities. I don't think the auth
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by bko 12y ago
> All those pixels make for a luxuriously sharp picture. Text sparkles and images pop, and when you to switch back to a computer with a normal screen, your eyes beg you to reconsider. At least, mine did. Years of staring at bad screens h
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by bko 12y ago
I think the author's advice is basically to take out a leveraged bet on the stock market. >Sure, that is simplifying it a bit. Obviously, the stock market doesn't return 10% every year on the dot. He mentions this as an aside b
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by bko 12y ago
I think the Keynesian beauty contest is less relevant for structured products. If others don't share the same view of the underlying collateral you may not be able to sell them in the near future. But if the collateral performance meet
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by bko 12y ago
I don't think we should forget about the positive impact he made on the world through the creation of all that wealth. He has helped transform personal computers (Apple, Next), the music industry (iTunes, iPod), mobile phone market (iP
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by bko 12y ago
This article reminded me of something I read in the Vanity Fair article about Sergey Aleynikov, the Goldman programmer[0]. >He’d been surprised to find that in at least one way he fit in: more than half the programmers at Goldman were Ru
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by bko 12y ago
> After waiting 20 minutes, I called the driver, who did not speak any version of English I am familiar with. He claimed to be relatively near my house but was unable to tell me how he was going to get there. I canceled and tried again
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Uber Said Close to Raising Funding at Up to $40B Value(bloomberg.com)
2 points by bko 12y ago|0 comments
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by bko 12y ago
Does anyone know why this is even possible? Is it due to airport fees? I was surprised to that the UK imposes such a high duty on incoming international airplanes [0] [0] http://en.wikipedia.org/wiki/Air_Passenger_Duty
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by bko 12y ago
>Administration officials framed the move as an extension of Mr. de Blasio’s focus on inequality. Maya Wiley, counsel to the mayor, said low-income people, particularly blacks and Latinos, relied disproportionately on cellphone browsing
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by bko 12y ago
I've always suspected that the reduction in smoking rates was due to primarily people finding out that smoking was harmful and people valuing their health more rather than the taxes imposed. The Per Capita Cigarette Consumption chart s
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by bko 12y ago
You make a lot of valid points. I guess in general I don't believe that a government can somehow prevent a certain type of commercial transaction and somehow create value. The obvious counterexample that comes to mind, and that you all
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by bko 12y ago
Yes, running wires to homes is expensive. By making it less lucrative and tying the hands of those that build those wires, you're not exactly encouraging competition. I'd imagine if ISPs abused this rent-seeking, companies like Ne
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by bko 12y ago
I don't think I fully understand the argument for net neutrality. I try to think about it from a few different perspectives: Broadband intensive services like Netflix: I think a problem that they face is that their connection is often