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The government stimulus will be one of the greatest wealth transfers in history. 1 trillion dollars will flow into the hands of business owners. with corporate tax reform (where btw - the CARES act actually reduced some of the constraints on businesses), this wealth transfer will be born by...

I choose option B.

That’s just the DuPont formula for ROE. Shows you have no clue.

An entire thread begging people to explain topics that have been explained more than they should have.

Btw - it’s gotta sting when you claim to be the best tail hedger in the world and you make a 44x return on a trade. And a long biased fundamental guy makes 100x in the same event.

Text books in Financial Statement Analysis are pretty good. I'm currently reading a book called "Valuations" that was put out by McKinsey. Its 800 pages and pretty involved. Security analysis is a proper discipline that takes years to master. This is why so many traders trade "price action."...

https://privatefunddata.com/fund-companies/universa-investments-lp/ This site claims that Universa has 2Bn AUM. Let me ask you this: do you think they are now an 80Bn fund? This would make them the second largest fund in the world after Bridgewater I think. I don't think you understand the...

Blame it on the rain Girl you Know Its True Baby Don't Forget my Number

It is completely relevant. If you give someone 1MM to hedge your 100MM portfolio, do you mark them against their gains on 1MM or how much of your 100MM they protected? I'm sure their books are audited and the investors look at it in the latter way. But the press doesn't care what audited...

No. Their calculation methodology is not consistent. On a consistent basis (to the years that they lose money) they made like 12percent in March.

Of course, you can build your own risk management system and go to a broker who values customer service more: The kind of broker who gives you a nice friendly phone call asking you to clean up your margin call by 3pm. That’s what I chose to do.

Yup. But is correlation risk for IB. They have 100mm in equity and 5bn in customer deposits (for example). If everyone borrows the max under regt then IB has to borrow 5bn from some counterparty. If 2percent of the customers blow up, then IB is finished. Further, If the repo lines/LOC get...

The fact that future expected volatility is so volatile would be a good reason to keep margins high. I thought the whole point to trade with IB was that you put up with their shitty customer service in exhange for a robust risk management system that prevents them from going under (and taking...

The index in question rallied 400percent in a month and then fell 50percent. You are surprised that margins are rising? I’m surprised they are not requiring 100percent cash funded.

Interesting observation. Our little company has a Facebook page and an employee posted a negative post about COVID. Since then it’s been inundated with bot posts of people pretending to be ex-employees but none them them ever worked at the company. It’s all similar styles of writing: a little...

I'm sure you do.

Don’t be a retard. Trump said something stupid and now he and his minions will do any amount of doublethink to justify his statement. It’s happend a lot before (for example the hurricane hitting Alabama).

These are Nuevo rich Europeans. The kid is essentially an orphan now. He will be raised by nannies, butlers, and drivers.

The insider Formula1 culture is out of touch with reality.

I think he’s sub 10percent now. Might be a critical number if there was some kind of bailout clause in the works.