Remove Currencies Remove Math Remove Profit and Loss Remove Retail
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Sizzle Or Fizzle: Bitcoin Busts, Payments Get Faster And The Eyes Have It

PYMNTS

Now why, you might ask, would the biggest retailer in the world buy an eCommerce site that was facing a mega cash crunch in December and had to raise a whopping $550M just to keep the lights on? It wasn’t because it has the secret to running a profitable eCommerce site or success in monetizing memberships a la its CEO’s alma mater, Amazon.

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Transcript: John Hope Bryant

Barry Ritholtz

Because then I knew what the wholesale rate was and the retail rate. So I think that resiliency piece, never giving up, never giving in, redefining, Barry, success as going from failure to failure without loss of enthusiasm, I think that’s everything. BRYANT: So money, unlike math, money is highly emotional. RITHOLTZ: Yes.

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Transcript: Kristen Bitterly Michell

Barry Ritholtz

And so, with this gave me exposure to everything from investment banking to retail, looking at like checking account campaigns, like how do you get more assets in the door to credit risk. I — I loved math, but really, I was going to go down that literature route more than anything else and — and study Spanish literature.

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Why It’s Time To Shut Down Cryptocurrencies

PYMNTS

The ability to use an anonymous single currency to power a decentralized, permissionless distributed ledger operating over the public internet where miners compete to solve the math problems that enable the processing of transactions is a remarkable innovation. The Crypto Has No Clothes. In concept. The Need for a Balanced View.

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Transcript: Michael Lewis on SBF & FTX

Barry Ritholtz

They said at that moment they were selling crypto as it’s gonna replace fiat currency. And they put some Bitcoin on my phone and we walked into Palo Alto to the one coffee shop that accepted Bitcoin as currency. Because he was all sure he was a totally isolated math. So, so he’s brilliant at math. Oh, really?

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Transcript: Gary Cohn

Barry Ritholtz

You’re doing a lot of math in your head on the Fly. I’m doing, I’m doing an awful lot of math in my head on the fly. It had gone from a fairly, fairly heavy retail business to a very institutional business. So we, we became, we went from fixed income and j Aaron to thick fixed income currency and commodities.

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