How do the most successful VCs pick which companies to bet on and which to avoid?
At Robinhood’s first annual Hood Summit in Miami, Sherwood Media’s Editor-in-Chief Joshua Topolosky sat down with Rebecca Kacaba, CEO and cofounder...
finance
At the Money: Building a Bond Ladder - The Big Picture
At The Money: BlackRock on Building a Bond Ladder (October 23, 2024) Full transcript below. ~~~ About this week’s guest: Karen Veraa is a Fixed Income Product Strategist within BlackRock’s Global Fixed Income Group focusing on iShares fixed-income ETFs. She supports iShares…
Moving Bricks: Money-Laundering Practices in the Online Scam Industry
Jingjing invited me to her office and asked me to wait for her to finish work before we headed out to dinner together.[1] At the time, she was working in a third-party payment company—what, in the jargon of the money-laundering industry, is known as a ‘gateway’ (通道, tongdao)…
The Great Zelle Pool Scam
In search of a status symbol, I wound up getting ripped off big-time. But the real scam is how America's payment apps treat their customers.
Why Paper Checks Refuse to Die
It’s hard to avoid hassle — or fraud — when you’re required to pay with paper and ink. Here’s why checks persist and why some people don’t mind.
AI’s $600B Question
The AI bubble is reaching a tipping point. As we continue to follow the GPUs, navigating what comes next will be essential.
ZIRP explains the world
A Margins' theory of everything
Fabricated Knowledge Q2 2024 Quarterly Review
Here's everything that happened this quarter, and some thoughts and ideas.
Opinion: Rationalizing Latency Competition in High-Frequency Trading
Danaher: Masterful Capital Allocation and Lean Manufacturing, Combined
How Danaher combines Lean manufacturing with masterful capital allocation to build a remarkable manufacturing company in the United States.
Anatomy of a credit card rewards program
Credit card rewards are mostly funded out of interchange, a fee paid by businesses to accept cards.
How credit cards make money
Credit cards make money through net interest, interchange, fees, and marketing contributions.
Essential Formulas for Data Science in Finance
In this article, I'll take you through a guide to some essential formulas for Data Science in finance with implementation using Python.
The Definitive History of Private Credit
From the days of Drexel Burnham Lambert to the "Golden Age"
How to Get Started: Investigating Payment Gateways Online
Investigating the financial transactions of an organisation can reveal details about its connections and funding. Here's a quick guide on how to do it.
Decoding U.S. Tariff Classifications: A Comprehensive Guide
Involved in international trade? U.S. custom regulations can lead to cost savings, compliance benefits, and a smoother trade process.
Visualized: A Step-by-Step Guide to Tax-Loss Harvesting
The Black-Scholes-Merton Options Pricing Equation
A superb video on the history and mathematics of options pricing from Veritasium.
Corporate Finance Modeling
LIMITED-TIME OFFER : $119 instead of $185Who is this course forFor finance and accounting professionals who want to level up its career by gathering crucial expertise in finance management, budgeti...
The What, Who, and When with IPOs
In 2022 and 2023, US IPOs hit decade lows after the record high of 2021. Now, in 2024, will the IPO window reopen? In this episode, we revisit a conversation with Jeff Jordan, former CEO of OpenTable, and J.D. Moriarty, the former Head Managing Director and Head of Equity…
A Russian Bank Account May Offer Clues to a North Korean Arms Deal
Moscow may be trying to help Pyongyang with access to the international financial system in exchange for missiles and ammunition, U.S.-allied intelligence officials suggest.
The Rule of X
Introducing the Rule of X — this new cloud metric is an adjusted form of the Rule of 40, taking composition (and weighting) into account.
What I learned selling my company
At my first company, I internalized the standard advice to never think about M&A. The consensus was, and is, to just keep growing the business and good things will come. I did that, and I was lucky that good things did come in the form of a $130M acquisition
REVIEW: Central Banking 101, by Joseph Wang
Central Banking 101, Joseph Wang (Self-Published, 2021) The greatest gift bestowed by admittance to elite institutions is that you stop being overawed by them. For instance, there was a time when upon hearing “so-and-so is a Rhodes Scholar”, I would have assumed that so-and-so…
The Sure Thing
What successful entrepreneurs have in common.
ACH vs. Wire Transfers: Which Is Right for You?
Automate complex business processes with Nanonets' intelligent automation AI. Draw actionable insights from unstructured data across multiple sources.
Reading the Yield Curve
Infallible Recession Indicator? Noisy Signal? Both?
Tradables and Non-Tradables
Why the Best Way to Make Something Affordable is to Send it Around the World a Few Times
Intellectual Laziness
Book Review: Power Failure
Ranked: The Most Profitable U.S. Companies, by Sector
Pricing Money
The text of Pricing Money, J. D. A Wiseman, Wiley (2001)
Dell's Capital Expertise
We trace Michael Dell's skill at the art of capital in business, and use it to examine how skill at capital allows you to make moves that aren't available to a novice business operator.
Anatomy of an ACH Transaction: The Guide for FinTechs
ACH transactions happen every day, but how do they work? We break down the anatomy of an ACH transaction to help you understand the role they play in your banking product.
Meet FinGPT: An Open-Source Financial Large Language Model (LLMs)
Large language models have increased due to the ongoing development and advancement of artificial intelligence, which has profoundly impacted the state of natural language processing in various fields. The potential use of these models in the financial sector has sparked intense…
How Forensic Accounting Can Supercharge Your Financial Risk Analysis
Spot trouble early in a volatile environment with forensic accounting.
You’ve Heard About Behavioral Finance. But What About Physical Finance?
Research suggests a fascinating link between the physical world and how investors price stocks.
‘I feel like I’m selling my soul’: inside the crisis at Juventus
The long read: A series of financial scandals have rocked Italy’s most glamorous club. But is the trouble at Juventus symptomatic of a deeper rot in world football?
Schmuck Insurance
The Art and Science of Not-Quite-Selling
Bidder Density: When 1 1 = 10x
How bid density impacts ads, recommender systems, and salary negotiations.
A Visual Guide to Bond Market Dynamics
Finance 101: The Guide for Seed/Series A Startups - The Causal Blog
The things you need to know and the things you can ignore, at the early stage of your company’s journey.
The Original King of Crypto Is Back
Arthur Hayes rubbed success in the Feds’ face and got busted. Now he’s returning to a shell-shocked industry.
How the Biggest Fraud in German History Unravelled
The tech company Wirecard was embraced by the German élite. But a reporter discovered that behind the façade of innovation were lies and links to Russian intelligence.
Algorithmic Trading: A Practitioner’s Guide | Henrik Warne's blog
I really enjoyed reading Algorithmic Trading: A Practitioner’s Guide by Jeffrey M. Bacidore. Before starting, I imagined it would cover various strategies for trading in the markets, along th…
Cultures Clash at Salomon Smith Barney — Stories.Finance
Richard Bookstaber was Salomon Brothers’ chief risk officer in 1997 when the firm was bought by Travelers and merged with Smith Barney, Travelers’ retail brokerage. He describes the resulting clash of cultures.
The Getty Family’s Trust Issues
Heirs to an iconic fortune sought out a wealth manager who would assuage their progressive consciences. Now their dispute is exposing dynastic secrets.
Hacker News
Jane Street is a quantitative trading firm and liquidity provider with a unique focus on technology and collaborative problem solving.
The Games People Play With Cash Flow
One way that first principles thinking fails is when you build your analysis up from a deficient set of base principles. Everything is correct and true, but you still end up mistaken. Here's how that looks like in practice.
The Capital Allocation Guide for CEOs — Behavioral Value Investor
Too many CEOs don't understand capital allocation. They rose up through the sales or operations ranks, and now that they are at the top they have to wing it with respect to one of the most important aspects of running the business. Don’t get me wrong – there are some amazing…
A Standard and Clean Series A Term Sheet | Y Combinator
We’ve noticed a common problem: founders don’t know what “good” looks like in a term sheet. This makes sense, because it is often, literally, the first time in their careers that they’ve seen one. This puts founders at a significant disadvantage because VCs see term sheets all…