Musings on Markets

OCTOBER 4, 2021

Source: World Bank Database Entering 2021, more than 500 million Indians had smart phones, making it the second largest smartphone market in the world (after China), but its penetration rate of less than 50% of the market gave it more room to grow.

Valuation 96

Valuation Profit and Loss Numbers Investments 96

Musings on Markets

AUGUST 15, 2023

If you do assume that markets will price away this excess profit, you then have the basis for the models that are used to value options and other derivative assets. If your answer is the Fed or central banks, you have lost the script, since the rates that central banks set tend to be short-term, and inaccessible, for most investors.

Investments 98

Investments Currencies Treasury Hurdle Rate 98

PYMNTS

APRIL 22, 2016

On a visit with one of our payments processor partner a few years ago, we noted that merchant aggregation points—acquiring banks, payment processors, gateways, etc.—needed needed a comprehensive set of tools to protect them, and their merchants, from fraud losses.

Concentration 40

Concentration Profit and Loss Technology Sales 40

Musings on Markets

JULY 17, 2023

That does not surprise me, since I have never bought into the “Fed did it” theme, and have written multiple posts about why it is inflation and economic growth that drive interest rates, not central banks. Financials, handicapped by the bank runs at SVB and First Republic, have been flat for the year, as has been real estate.

Marketing 98

Marketing Treasury Currencies Valuation 98

Barry Ritholtz

AUGUST 16, 2022

And so, you know, it was relatively, I wouldn’t say straightforward because I don’t think generating consistent profits has ever been something that’s so straightforward or so easy. And it’s always going to expect to lose some of those profits when the trend reverses, but still end up capturing the meat of the trend.

Profit and Loss 122

Profit and Loss Foreign Exchange Valuation Marketing 122

Barry Ritholtz

SEPTEMBER 12, 2022

It’s a town of about 4,000 people, so exposure to markets or investment banking or any of the careers in finance was not something that you really envisioned. It was at Bank One, at the time. I mean, when you look at that pre, it was, you know, the thought counterparty risk of a bank was solid, right, like that was something.

Investments 119

Investments Marketing Profit and Loss Banking 119

Musings on Markets

JANUARY 9, 2021

While the universe of companies is diverse, with approximately half of all firms from emerging markets, it is more concentrated in market capitalization, with the US accounting for 40% of global market capitalization at the start of the year.

Valuation 52

Valuation Currencies Numbers Corporate Finance 52

CFO News Room

NOVEMBER 28, 2022

He previously worked at a financial planning firm in Bethesda, Maryland, and as a journalist covering the banking and insurance industries. Outside of work, he serves as a volunteer financial planner and class instructor for non-profits in the Northern Virginia area. Adam is an Associate Financial Planning Nerd at Kitces.com.

Tax Planning 130

Tax Planning Planning Investments Profit and Loss 130

CFO Talks

SEPTEMBER 13, 2024

I then moved to a local development and savings bank called Eswatini Bank, where I was a senior internal auditor for about three and a half years. In this role, I introduced a risk-based auditing approach and later became the bank’s financial manager. We export sugar to the European Union, the United States, and South Africa.

Finance 97

Finance Auditing CFO Leadership 97

Barry Ritholtz

JUNE 7, 2023

Not to be like the Grim Reaper, but the reality is, if you’re not a multi manager and you’re not aggressively managing market risk, then you fall into the category of a long, short single manager that probably takes concentrated, more concentrated directional risk. Maverick 14 billion. 130 billion. Perceptive 10 billion.

Investments 110

Investments Concentration Profit and Loss Economics 110

CFO News Room

JANUARY 17, 2023

Consequently, I will concentrate this post on how this crisis is playing out in markets, and the effects it has had, so far, on businesses and investments, and whether these effects are likely to be transient or permanent.

Economics 130

Economics Valuation Treasury Forecasting 130

CFO News Room

NOVEMBER 5, 2022

He previously worked at a financial planning firm in Bethesda, Maryland, and as a journalist covering the banking and insurance industries. Outside of work, he serves as a volunteer financial planner and class instructor for non-profits in the Northern Virginia area. Adam is an Associate Financial Planning Nerd at Kitces.com.

Mergers and Acquisitions (M&A) 130

Mergers and Acquisitions (M&A) Profit and Loss Investments Securities 130

CFO News Room

DECEMBER 26, 2022

He previously worked at a financial planning firm in Bethesda, Maryland, and as a journalist covering the banking and insurance industries. Outside of work, he serves as a volunteer financial planner and class instructor for non-profits in the Northern Virginia area. Adam is an Associate Financial Planning Nerd at Kitces.com.

Planning 130

Planning Benchmarking Profit and Loss Communication 130

Musings on Markets

MARCH 19, 2022

Consequently, I will concentrate this post on how this crisis is playing out in markets, and the effects it has had, so far, on businesses and investments, and whether these effects are likely to be transient or permanent.

Economics 100

Economics Valuation Treasury Forecasting 100

Future CFO

DECEMBER 18, 2020

Central banks are also pushing their supervised entities to go digital and prepare for their requirements and rewards. In the Philippines, the race on who can implement the best digital strategies and increase the use of digital banking among its clients and customers are on. No one was talking or worrying about NPL and reserves.

Marketing 52

Marketing Profit and Loss Credit Risk Finance 52

Barry Ritholtz

DECEMBER 12, 2023

And Bank of America called me and said, would you like to be director of research and strategy? They announced a $640 million loss and ouch. 00:24:08 [Speaker Changed] You, you want to do a preliminary sort and say, what would a good looking bank look like? But by 1986 they had huge legal problems. So I took that.

Benchmarking 105

Benchmarking Concentration Investments Profit and Loss 105

Barry Ritholtz

JUNE 13, 2023

You went to school in Paris, but you began your career in London at Merrill and Deutsche Bank. So that was a while back, but nonetheless, I don’t know if it was love at first sight, but we got to get along pretty well, and after a few years working for investment banks, he then joined Goldman Sachs. We were 28, 30 respectively.

Investments 59

Investments Banking Entertainment Marketing 59

Barry Ritholtz

DECEMBER 14, 2022

And it became the most profitable private equity investment ever made and — it is true. And Blackstone’s funds through that period, generated substantial profits because we had made those good choices, not just about the investments — RITHOLTZ: Right. RITHOLTZ: Is that true? That’s amazing.

Mergers and Acquisitions (M&A) 64

Mergers and Acquisitions (M&A) Investments Construction Marketing 64

PYMNTS

OCTOBER 16, 2017

The notion that central banks will give up monetary control of their fiat currencies for a global cryptocurrency, especially bitcoin, is just not happening, so we should stop talking about it. Bitcoin’s infrastructure is highly concentrated and not all that secure. Even economists who never agree on anything, agree on that.

Currencies 71

Currencies Financial Systems Concentration Securities 71

Barry Ritholtz

APRIL 11, 2023

They had the access to loss and excel really. And I think that’s a loss. And if you’re a lazy value investor buying high yields, you’re going to be buying a lot of banks right now. DAMODARAN: A lot of regional banks right now have dividend yields of 6, 7, 8 percent. That’s fascinating.

Valuation 119

Valuation Education Numbers Finance 119

Musings on Markets

FEBRUARY 4, 2023

As for the institutions involved, which include banks, regulatory authorities and LIC, I have learned not to attribute to venality or corruption that which can be attributed to inertia and indifference. Fourth, Indian banks have always felt more comfortable lending to family businesses than stand alone enterprises for two reasons.

Investments 100

Investments Valuation Auditing Restructuring 100

CFO News Room

FEBRUARY 5, 2023

As for the institutions involved, which include banks, regulatory authorities and LIC, I have learned not to attribute to venality or corruption that which can be attributed to inertia and indifference. It is possible that Hindenburg was indulging in hyperbole when it described Adani to be “the biggest con” in history.

Marketing 130

Marketing Investments Auditing Profit and Loss 130

Barry Ritholtz

FEBRUARY 20, 2024

There are few people in the world who understand the interrelationships between central banks, the economy, and markets like Bill Dudley does this, this is just a master class in, in understanding all the factors that affect everything from the economy to inflation, to the labor market, the housing market, and of course, federal Reserve policy.

Treasury 59

Treasury Marketing Banking Economics 59

Barry Ritholtz

JULY 31, 2023

At that point, I’d been covering, as you mentioned, investment banking, Goldman Sachs for a couple years. You talk about hotels, Airbnb, and then the banks were having people draw down their line of credit weeks and weeks before things really got bad. And again, I’m probably pretty lucky. So that’s the question.

Treasury 52

Treasury Retail Economics Entertainment 52

PYMNTS

OCTOBER 14, 2016

Business Insider said that Caviar does not make a profit, and the extent of the losses are not shown in the company’s financials. It, of course, couldn’t be the first company in this business not to make a profit, so it’s not clear that that alone is its death knell. His executive team does not agree. Apple Watch.

Profit and Loss 60

Profit and Loss Concentration Sales Finance 60