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Investing for Growth
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Michael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
Never forget this graph.
Missing the 10 best days, which come after the worst days, makes you underperform.
Sure, missing the worst 10 days will make you outperform as well, but the problem is that you should have perfect timing in and out. Not just once, but then times.... See more
Imposing negative interest rates is strip-mining the capital stock.
Sacha Meyers • Bitcoin Is Venice: Essays on the Past and Future of Capitalism
Finance
Matt Mower • 1 card
Learn - Finance
Lehman Brothers, in 2007, had a leverage ratio of about 33 to 1,73 meaning that it had about $1 in capital for every $33 in financial positions that it held. This meant that if there was just a 3 to 4 percent decline in the value of its portfolio, Lehman Brothers would have negative equity and would potentially face bankruptcy.