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This is due to the Euro zone's current negative interest rate. Keep in mind IB charges you interest now to hold Euro (over $100k) and if you attempt to hedge the position to USD using futures you give back that same amount, so no free lunch.

Again, you called for regulating them as a utility. Regulating a company as a utility requires you grant them an exclusive monopoly with a regulated return. That is not what you actually want. It's important if you want to actually accomplish something rather than just rage against the...

I think you're conflating antitrust laws and regulated utilities. Antitrust laws attempt to break up monopolies so they don't exist. The regulated utility model purposely grants a monopoly to one company (and actually prohibits other companies from competing with them even if they want to) which...

First, do no harm. It's not always the case that doing something is better than doing nothing, Its not incumbent on the person correctly pointing out that an idea is worse than the status quo to come up with an idea better than the status quo or else their critique is moot. I will admit that...

To be fair we all had to endure years of the Hilton's, would have been nice for all of us if they'd been given enough money to buy a farm and no more.:D

So the definition of what is a "public utility" never included network effects and that's no-where in anti-trust law. And those who actually understand how regulated utilities work would all agree that's it's both nonsensical and a horrible idea to rewrite laws to impose the model of granting a...

Gasoline, Pentium 4 computers, flat screen monitors and TVs, solar panels, wind turbines, lithium chemistry batteries, satellite launch on a per kg basis,.....and one could go on for quite a while.

So the quote you listed is actually saying that margins expectations (and earnings growth) have been revised up. In fact later in the article it states about your highlighted companies "The solution to protecting margins for these companies, then, is simple: raise prices." In reality, we are...

No, it was just that the spread went way OTM or ITM, I don't remember which, so the bid or ask on one side was really thin. As I'm sure you've seen, when this happens you get throwaway bids or asks that I assume are often left over GTC orders that no longer have any connection to reality that...

If you look at any indicator, from bond prices to gold, it's clear Mr. Market believes that the current inflation rate is a short term thing that will go back to what has been normal in a couple months. The market may be wrong about that, but it explains what you're seeing as you're assuming we...

Actually Schwab is cheaper for SPX trades, at least as far as commission goes, than IB because they have a fixed price while IB has a commission plus exchange fees structure and the SPX exchange fees are expensive.

Pretty accurate summary of the limitations of blindly applying Sharpe ratios. The Sortino ratio should have taken care of the issue you mentioned of counting upside volatility as bad. Additionally, you can certainly throw outliers out like that when calculating your ratios.

Come on now @Sprout you're better than the whole "you just don't understand crypto" meme. I have been playing with crypto for probably longer than most of the fanboys here and am quite fascinated by the technical working of blockchains in general. It's precisely because I understand how it works...

I don't know how many times I have to say this for you to stop ignoring it: at the point you're using ACH or a card to deposit money you have access to any of a dozen existing solutions that already work just fine at the same low cost. Send the person in El Salvador a Transferwise (now Wise)...

I listed a bunch of defined questions, your podcast link doesn't answer any of them. Who pays for each of the items I listed? Simple question.

So first off, it's just not going to be free. Someone has to collect cash in the sending country. Someone has to convert it to BTC. Someone has to convert back to cash in the receiving country. Someone has to convert it to cash in the receiving country. There have to be facilities and staff to...

I don't need BTC to build an app and the associated back end that does exactly the same thing, and in fact there already exist a dozen such apps that do exactly that without crypto for de minimus fees. BTW, at the point you build an app and have exchanges going on in the background it's no...

I think it's vital you take your own advice, "you dont represent the planet." You've fallen into the very trap you warn of in assuming everyone has the same level of education, sophistication, and access to internet and hardware you do. Your average 40 year old mom in El Salvador isn't even...

I'm pretty familiar with El Salvador's electrical grid, this is my business and I've done some work in an adjacent country. I'm not at all familiar with where this "wasted 644 MW" of geothermal energy is unless they're saying it's heat in the ground that hasn't yet been exploited by drilling the...

In fact China has nationalized internet traffic to an extent with the great firewall. Again the point is that if you're of the opinion that governments see crypto as an existential threat if it becomes pervasive and replaces the majority of currency, which plenty of folks in crypto (although not...