Remove Math Remove Planning Remove Profit and Loss Remove Startups
article thumbnail

Transcript: Steven Klinsky

Barry Ritholtz

But as a private equity owner, again, first of all, you do invest heavily of your own money in the transactions, plus you have additional ownership through, you know, the carried interest, the profits interests. You got 60 percent of losses ahead of you. RITHOLTZ: So this is in pouring money into startups like venture does.

article thumbnail

Why It’s Time To Shut Down Cryptocurrencies

PYMNTS

A launch date was planned. 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. Crowds had assembled for the launch. In concept.

article thumbnail

Transcript: Liz Hoffman

Barry Ritholtz

Was the plan always to cover finance? Ends up turning about $27 million of swap premiums into 2 billion plus in profit. I mean, you’re talking about, I don’t, I could do the math, it’s like a 10,000% return in like three weeks. And that’s sort of the math. We’ll get into that in a minute.