Diego Segura
@diegosegura
designer, writer, founder. currently obsessed with monetary theory, high finance, corporate law, regretting dropping out of high school, and sudoku. author of a 2018 book, “the dropout manifesto.”
diegosegura.meDiego Segura
“She and the women like her were ornery, assertive, relentlessly capable, weathered and threadbare. She was a monument of dedication to her family, her work, and her community.”
Adam Lehrer • Who’s Afraid of Elena Velez?
By positive convexity, we mean asymmetric returns. Positive convexity is the quality by which a bond delivers bigger price gains in response to falling yields than it suffers price de- clines in response to rising yields.
Capri C.E.O. John Idol , who has achieved some of the most impressive financial exits in fashion history. After a few formative years as group president of Ralph Lauren, Idol took over as C.E.O. of Donna Karan, which he helped sell to LVMH for $243 million in 2001. A year later, along with investors Lawrence Stroll and Silas Chou , who already... See more
Coach & Kors’ Marriage of Convenience
The average leveraged loan had a debt-to-Ebitda ratio of 6x at year-end 2021, and this calculation was often based on aggressive Ebitda adjustments, meaning true leverage was often greater.
We write to speculate on the potential for a comeback. Grant’s, don’t mistake us, is bearish on bonds for the long run. If past is prologue, and if there’s anything at all to the fine art of pattern recognition, a new cycle of irregularly rising rates could be upon us, and it might persist for decades, like the 3.5
decade bear bond... See more
Charles Schwab, the financial-services company, began as “Investment Indicator,” a newsletter first published in 1963.
Anna Wiene • Is Substack the Media Future We Want?
The authors of The Federalist intended to influence the voters to ratify the Constitution. In Federalist No. 1, they explicitly set that debate in broad political terms:
It has been frequently remarked, that it seems to have been reserved to the people of this country, by their conduct and example, to decide the important question, whether societies... See more
The Federalist Papers
as of 9/15/23:
— S&P trades at 17.9 times earnings
— the insurance portion trades at 11.8 times earnings
— last time it was that wide of a delta was in 2008 and 2020
the first children’s climate trial took place in the U.S. when a group of 16 young people sued Montana for violating their constitutional rights, including rights to equal protection, dignity, liberty, health and safety, and public trust, all predicated on their right to “a clean and healthful environment” as enshrined in the state constitution.... See more