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josh on Narro

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josh on Narro

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Email Fwd: Money Stuff: Private Funds Are the New Public Funds

Programming note: Money Stuff will be off tomorrow, back on Monday. The traditional trade-off in...

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Email Fwd: Money Stuff: Business Rapper Was Bad at Bitcoin Laundering

In her public life, Heather Morgan seems to have been the cringiest imaginable sort of...

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Email Fwd: Money Stuff: Peloton’s CEO Has Had Enough

It is not quite right to say that John Foley, the co-founder and still technically chief...

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Email Fwd: Money Stuff: Hedge Fund Managers Are Expensive

Here's the classic life cycle of a hedge fund. You quit your job at Goldman Sachs Group Inc., or...

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Email Fwd: Money Stuff: Fear Is a Good Motivation for Fraud

Programming note: Money Stuff will be off tomorrow, back on Monday. One way to do fraud when you...

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Email Fwd: Money Stuff: Busy Bankers Made Big Money

One thing that happened at Goldman Sachs Group Inc. in 2021 is that a group of junior analysts...

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Email Fwd: Money Stuff: Hedge Funds Are a Job Now

There is a sense in which the main story of modern hedge funds is style drift. You start out...

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Email Fwd: Money Stuff: Libor Was Made Up Anyway

The way that global financial markets worked for decades is that trillions of dollars of...

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Email Fwd: Money Stuff: You Get the Crypto Rules You Want

Programming note: Money Stuff will be off tomorrow, back on Monday. I have to say I have no idea...

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Email Fwd: Money Stuff: Watch Out for Shadow Trading

Let's do some insider trading hypotheticals. You are the vice president of sales at Amalgamated...

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Email Fwd: Money Stuff: The Apes Have Fat Fingers

A share of Microsoft Corp. stock trades for about $300. That price goes up and down, but at any...

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Email Fwd: Money Stuff: Maybe the Memes Are Over

Some GameStop anniversary content I guess This week is the one-year anniversary of the GameStop...

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Animation Sublimation

I’ve decided to teach myself the basics of animation this year. Writing hasn’t been as much fun...

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Email Fwd: Money Stuff: A Good Reputation Is Expensive

Programming note: Money Stuff will be off tomorrow, back on Monday. I don't give investing advice...

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Email Fwd: Money Stuff: Washing Web3

Here's a trade. You start a business. Let's say it's a platform business, where you connect...

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Email Fwd: Money Stuff: BlackRock Still Likes Capitalism

Well this isn't very helpful:Delivering on the competing interests of a company's many divergent...

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Email Fwd: Money Stuff: Not Everyone Likes ESG

If you are the chief executive officer of a public company, there are various environmental,...

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Email Fwd: Money Stuff: Congress Might Have to Stop Trading Stocks

Programming note: Money Stuff will be off tomorrow and Monday, back on Tuesday. I have probably...

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Narrative Wet Bulb Temperature

Telling jokes at a funeral is hard. Even entertaining an urge to do so is perhaps not a decent...

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Email Fwd: Money Stuff: Of Course GameStop Is Doing NFTs

Nothing here is ever investing advice, but I do sometimes give out free corporate finance...

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