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mcherm : finance   63

The great American tax haven: why the super-rich love South Dakota | World news | The Guardian
South Dakota got rid of the rule against perpetuities (for trusts). They also have not state taxes. So now the super rich around the world are flocking to set up permanent South Dakota trusts.
taxes  banking  TheGuardian  via:TheGuardian  finance  law 
november 2019 by mcherm
Everything Everywhere Is Securities Fraud - Bloomberg
Not informing the public about something bad is a securities crime, so doing anything bad is necessarily a securities crime. Even for a non-US company, if someone else sells things based on your stock price you are committing US securities fraud (so says SCOTUS by rejecting an appeal).
law  finance  via:HackerNews 
june 2019 by mcherm
How Discount Brokerages Make Money | Kalzumeus Software
Mostly by paying only a low rate of interest on cash. Also, they sell "order flow" (the right to be the counterparty for their customers' orders) which is worth something because market makers know discount broker customers aren't ultra-savvy investors.
finance  investing  via:HackerNews 
june 2019 by mcherm
Tips for getting out of poverty.
Lots of excellent suggestions here for anyone, regardless of current wealth.
finance  via:reddit 
june 2019 by mcherm
LucasFilm Tells Darth Vader that Return of the Jedi Hasn't Made a Profit!? – /Film
Return of the Jedi (one of the most successful films of all time -- one of the 15 highest grossing if you adjust for inflation -- has not yet officially made a profit so it isn't paying residuals to its actors.
via:Techdirt  finance  law 
february 2019 by mcherm
The 30-Year Mortgage is an Intrinsically Toxic Product
Very interesting economic analysis of the 30 year mortgage.
banking  finance  financial-crisis 
january 2019 by mcherm
The 40% Rule – AVC
Interesting investing rule of thumb: try for annual revenue growth + operating margin >= 40%. Slow growth + big profits is good, so is fast growth with less or negative profits.
investing  startup  via:HackerNews  finance 
june 2016 by mcherm
Michael Dell Bought His Company Too Cheaply - Bloomberg View
When Michael Dell bought out Dell to take it private, he played scrupulously fair, but now after it worked out a judge is giving money to some of the previous stockholders on the grounds that they should have been paid more because private equity firms always charge a ~25% premium.
law  finance  Dell  via:HackerNews 
june 2016 by mcherm
- TrustEgg | The simple way to save for a child's future
A Y-Combinator funded startup that offers Unified Gift to Minor (UGM) accounts that are (no choices) 100% invested in a broad index fund, for a low cost.
banking  finance  startup  via:HackerNews 
february 2013 by mcherm
Nate Silver confuses cause and effect, ends up defending corruption « mathbabe
The problem with Nate Silver's ideas on finance models is that he doesn't account for modelers lying on purpose because it benefits them.
NateSilver  finance  math  via:HackerNews 
december 2012 by mcherm
Big Data + Machine Learning = Scared banks. | PandoDaily
Lots of startups in the lending area today. It's because banks got skittish and some startups were able to get into the space and make use of "big data".
banking  finance  mortgage  via:HackerNews 
march 2012 by mcherm
In 2005, a psychologist and an economist taught a group of capuchin monkeys the concept of currency. In no too long, the first monkey prostitute was born.
Monkeys can be taught to understand money. The article claims they have even traded money for sex, but someone on reddit claiming to work in the lab says this just wasn’t true.
via:reddit  economics  animals  finance  nytimes  journalism 
july 2011 by mcherm
I'm Kevin, here's my side. - Bitcoin exchange hack
Here is the guy who *almost* made a huge profit when someone hacked the main bitcoin exchange. But didn't as it got rolled back. And he claims the exchange is being disingenuous.
money  banking  finance  bitcoin  via:HackerNews  security 
june 2011 by mcherm
Adam Cohen's answer to Is the cryptocurrency Bitcoin a good idea? - Quora
Criticism of bitcoin: it's not backed by a government. Frankly, I'm unimpressed with the criticism!
bitcoin  finance  via:HackerNews 
june 2011 by mcherm
“Google plays the yield curve” — Marginal Revolution
Google has $37B. They're borrowing $3B at 10 yr rates. Why? Probably to avoid bringing their profits into the US where they would be subject to taxes... it's cheaper to borrow. (see comments as well as article)
finance  banking  business  google  via:HackerNews 
may 2011 by mcherm
The Real Housewives of Wall Street | Rolling Stone Politics
As usual, Rolling Stone has a very slanted view, but their description of the US govt giving hundreds of millions to rich people is nevertheless accurate.
politics  finance  fraud  business  via:reddit  personal_net  RollingStone 
april 2011 by mcherm
Accounting for Computer Scientists — Martin Kleppmann‘s blog
A description of the fundamentals of accounting that was written for ME -- it explains it in terms of basic math and graph theory.
math  finance  banking  money  startup  business  via:HackerNews 
march 2011 by mcherm
In Investing, It’s When You Start and When You Finish
Here is what long term stock investing looks like (after inflation). It's volatile on scales up to and exceeding 20 yrs. Without taxes, it beats inflation by 3-7% after that.
investing  finance  via:HackerNews  nytimes 
january 2011 by mcherm
How Porsche hacked the financial system and made a killing
Short-selling: How Porsche got hedge funds to short-sell Volkswagen, then bought nearly all the shares so the hedge funds were scared and bought it back at a huge loss.
banking  finance  investing  via:HackerNews 
june 2010 by mcherm
The SEC and the Python « Prof. Jayanth R. Varma’s Financial Markets Blog
How do you specify a complicated contract like the rules on how a complex security pays off different tranches of investors? How about with a program!
via:LambdaTheUltimate  finance  python  banking  programming  logic  philosophy 
april 2010 by mcherm
SquareTrade Warranties
Third party that sells warranties, and I think it may actually be FAIR rather than being a kind of scam. Particularly consider it for something like a cell phone.
finance  useful  hardware  insurance 
january 2010 by mcherm
How To Hide Naughty Credit Card Purchases | Realm of Prosperity
Purchases you should not make on a credit card or your bank will mark you negatively.
finance  banking  privacy 
january 2010 by mcherm
Technology Review: Trading Shares in Milliseconds
High-speed quant traders are a significant portion of the market. The trades get executed in milliseconds, trimming pennies off of other deals, and some say that it presents a new risk to the market while others say it provides a service by reducing volatility.
TechnologyReview  via:HackerNews  finance 
december 2009 by mcherm
Priorities » Enfranchised Mind
Buried in the middle of a religious discussion is this rather interesting description of banking. The banker takes in investments that are theoretically liquid but statistically illiquid and uses them to make illiquid investments. Also clearly states the reason for banking regulation: that the risks bankers take are born by others so the amount of risk they may take must be regulated.
banking  via:RobertFischer  economics  finance 
december 2009 by mcherm
Ghosts in the Market Machine | The Big Money
The SEC is suing companies, not individuals, because they can quickly settle the suits and make nice headlines instead of having it drag on for years. Hmm...
finance  via:HackerNews  politics 
september 2009 by mcherm
Hacker News | The Next Generation Bends Over
Hacker News notes on Intuit buying mint.com. I rail about how bad Intuit is.
finance  startup  mypostings 
september 2009 by mcherm
The next generation bends over - (37signals)
I really agree! He bemoans that mint.com got bought by Intuit because mint.com was the one thing that was actually shaking up the industry (Intuit certainly wasn't!). I agree very strongly.
startup  via:HackerNews  finance 
september 2009 by mcherm
Study Says World's Stocks Controlled by Select Few
Looking at the influence graph for stock ownership, these researchers discovered that 80% of ownership is by a surprisingly small number of actors.
via:HackerNews  finance  economics  math 
august 2009 by mcherm
a bestiary of algorithmic trading strategies « Locklin on science
Discussion of the different kinds of quantitative analysts in stock investing.
economics  finance  investing 
august 2009 by mcherm
Why It's Called A Float: The Tao of D&D
Explaining (from a D&D world) why the VELOCITY of money figures into things more than the AMOUNT of money.
economics  gaming  personal_net  finance  via:reddit 
may 2009 by mcherm
A Second Market Is Emerging
Okay, for stocks that aren't public, someone has a trading system. Do you see the problem here? The regulations that make public stock undesirable to some companies were put in place because of certain abuses!
finance  via:HackerNews  personal_net 
april 2009 by mcherm
RISK Mismanagement - What Led to the Financial Meltdown - NYTimes.com
In the last paragraph on this page you see a reference to a company giving away for free expensive and difficult-to-develop proprietary methods -- essentially open source. But in this case it's a method for calculating risk.
opensource  finance  banking 
january 2009 by mcherm
Axioms, downturns, and a global (computer?) crash
An argument that the financial meltdown is a result of overreliance of computer models which are based on faulty assumptions.
via:slashdot  banking  programming  bug  finance 
january 2009 by mcherm
Marketing Safari: Surreal Reykjavik
How the financial crisis is hitting Iceland (badly!)
personal_net  finance  via:boingboing 
october 2008 by mcherm
Google Finance: Stock Screener
A useful tool from Google finance that lets you search through the universe of stocks for those that meet certain criteria. It has a really neat interface.
finance  google  via:tjk 
september 2008 by mcherm
Intrade Prediction Markets
A market where people can place bets (with real money) on things like election outcomes.
politics  markets  finance 
september 2008 by mcherm
Escrow.com
An online escrow service. Use it to make a large transaction with someone you don't know well.
useful  finance  banking  money  security 
june 2008 by mcherm
The Million Dollar Long Bet
Warren Buffet bet $1 million against some hedge fund managers that an index fund performs better than they do over 10 years. I wonder...
via:boingboing  investing  finance  WarrenBuffet  longnowfoundation 
june 2008 by mcherm
Lend money to people - Prosper
Another site that matches lenders and borrowers for direct P2P lending. This one allows lenders to see a bio by the borrower and to bid small amounts ($50+) on the individual loans.
useful  banking  socialcomputing  finance  p2p 
april 2008 by mcherm
A Personal Loan and Lending Investment Community - Lending Club
An interesting site, it combines banking and social web apps. Lenders and borrowers meet up and make loans to each other. The site administers it all and makes a small percentage off the top.
useful  banking  socialcomputing  finance 
april 2008 by mcherm
Receipts: "Optimized for writes"
The personal finance system which is "optimized for writes".
funny  finance  database  blogentry 
december 2007 by mcherm
Good Math, Bad Math : Responding to a FAQ: What is Tranching?
A follow-up to my previous posting, which defines "tranching".
math  finance  mortgage  banking 
december 2007 by mcherm
Good Math, Bad Math : The Total Stupidity of Crowds: Bad Mortgages and Circular Solutions
Mark Chu-Carroll of Good Math, Bad Math explains the mortgage lending crisis.
math  finance  mortgage  banking 
december 2007 by mcherm
moneybookers.com
Wikipedia offers this money transfer service as a cheaper alternative to PayPal.
finance  banking  internet 
october 2007 by mcherm
'Piggybacking' Roils Credit Industry
Put your name on someone else's credit cards to increase your FICO, thus getting a better mortgage rate.
personal_net  finance  credit 
june 2007 by mcherm

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