Happy Birthday, COVID! You have been exploited as the reason for crappy laws and private sector abuses. People will probably recover from 3 years of…
Things are not going according to plan. Mike Tyson saw this coming. “Everybody has a plan until they get punched in the mouth.” I have…
Normal isn’t coming back. There is no such thing. Never was. No steady state equilibrium. There is only ongoing disruption and adjustment. The economy is…
Everyone I know has a big “but”. My plan was perfect, BUT there is a pandemic. His algo was brilliant, BUT trading was halted. I’ve…
FinTech firms are in a superposition of regulated and unregulated states until they are observed (by a regulator). For those unfamiliar with the Double Slit…
Three beers changed my life more than all the news headlines in New York, Lodon, Washington DC, Beijing and even Hong Kong. You must be…
The headlines are relentless. Just today: UK Elections Imminent China Trade Deal (Again!) US Stock Markets Break Records (Again!) Greta as Time’s Person of the…
Things we learned in business school 15-20 years ago: Porter’s 5 Forces: Threats of competitors, new entrants, suppliers, customers & substitutes should drive business strategy.…
You probably own traditional funds, whether ETF’s, LPs, or simple mutual funds. You might even own a “digital asset” fund investing in cryptocurrencies and utility…
“Banking is not rocket science. It’s actually much more complicated.” Morgan Stanley told me this at new hire orientation ~15 years ago. A lawyer explained…