• digital coins
    September 29, 2018

    Digital Coins, Tokens, Cryptocurrencies for Beginners

    Digital Coins Digital coins, virtual coins, tokens, or cryptocurrencies are bits of computer code. What makes this computer code special is that it is created on something called a “blockchain.” Blockchain technology allows people to engage in financial transactions directly with each other, without a bank or other financial intermediary. Transactions taking place on a blockchain are protected through cryptography and recorded on thousands of identical computer ledgers all over the world. There are some great introductions to blockchain technology and bitcoin that you can watch on YouTube. Here are a few I have blogged about previously. http://bit.ly/2xKWjWS http://bit.ly/2Iowr70  

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  • September 7, 2018

    Regrets of creator of collateralized mortgage obligation

    Lew Ranieri regrets creating the CMO “‘I’m the guy who played a central role in this home thing and I regret it because…it got abused beyond everybody’s imagination, ‘” says Lewis Ranieri, creator of the collateralized mortgage obligation (CMO), according to the Wall Street Journal. Ranieri’s creation of the CMO was nifty financial engineering by a sophisticated Wall Street investment banker that revolutionized the home mortgage market. But the CMO ended up being a financial weapon of mass destruction that crashed the global economy in 2008. The CMO brought us the Great Recession, from which we are still recovering.

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  • orangutan
    August 24, 2018

    Our brains cause us to make bad investment decisions

    We invest like Dr. McCoy, not like Mr. Spock. As investors, we make bad investment decisions because we are emotional, distractible, impatient, and inconsistent. But that is not our fault. There are things that developed in our primitive brains that do not help us when we have to make decisions about complex matters like investments. Knowing how our brains are hard-wired can help us to avoid the tragic mistakes that we so often make in investing.

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  • heart made of hearts
    July 11, 2018

    The gift of material nonpublic information

    Material nonpublic information – the perfect gift The gift of material nonpublic information always fits, is never returned, and can be regifted easily. It is the perfect way to say “I love you.” The SEC has filed an action against Robert Carr and Katherine Hanratty for illegal insider trading in the shares of Heartland Payment Systems, Inc. (“Heartland”), a New Jersey-based company, ahead of its December 15, 2016 announcement that it was to be acquired. 

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