portent

6 ms·

1. 31.▲
   by portent 10y ago

   all bondholders are paid - it doesn't matter who owns the bond. https://www.quora.com/What-happens-to-all-the-bonds-that-the...
2. 32.▲
   by portent 10y ago

   I don't think that is right. The federal reserve can create new US dollars, and it can buy US Treasuries - but this is not the same as redeeming them. The fed becomes just another bondholder that needs paying by the treasury dept. Th
3. 33.▲
   by portent 10y ago

   In an investment bank a trader has a high ratio of support staff around them: legal, compliance, IT, operations, quants, finance/tax, risk. These 'support' jobs are a significant fraction of the real cost of a trading seat -
4. 34.▲
   by portent 10y ago

   The bulk of investment bankers are not picking stocks for funds. In the field of fund management, there are some people doing this, and it is a very common trend that passive indexes do better than the active funds - it is true. In the fie