linkstream2 microblog

Found Lewis’ @theBigShort (https://en.wikipedia.org/wiki/The_Big_Short) v. helpful in understanding the financial plumbing of the ’08 meltdown, eg CDO,CDS,MBS..

New Breed of Trader on Wall[/Jane] Street: Coders With a PhD
http://www.nytimes.com/2016/02/23/business/dealbook/a-new-breed-of-trader-on-wall-street-coders-with-a-phd.html Appears that @OCamlLang programming may make you rich

In the world of exchange-traded funds, a $2.8 trillion industry, Jane Street takes the marriage of high tech and high intellect to a new level.

SuperBowl Stock Analyst has a streak http://www.wsj.com/articles/at-nearly-90-super-bowl-stock-analyst-has-a-streak-going-1452482753 #Statistical Frankenstein concept from Wall Street perhaps useful for genomics

For Wealthiest…Tax System…Saves Them Billions http://www.nytimes.com/2015/12/30/business/economy/for-the-wealthiest-private-tax-system-saves-them-billions.html Since ’12 #tax for 1%ers flat at 24% v for top .1% down >3% to 18%

QT:{{"From Mr. Obama’s inauguration through the end of 2012, federal income
tax rates on individuals did not change (excluding payroll taxes). But
the highest-earning one-thousandth of Americans went from paying an
average of 20.9 percent to 17.6 percent. By contrast, the top 1
percent, excluding the very wealthy, went from paying just under 24
percent on average to just over that level.

“We do have two different tax systems, one for normal wage-earners and
another for those who can afford sophisticated tax advice,” said
Victor Fleischer, a law professor at the University of San Diego who
studies the intersection of tax policy and inequality. “At the very
top of the income distribution, the effective rate of tax goes down,
contrary to the principles of a progressive income tax system.”
"}}

index investing

https://us.dimensional.com/

#Physics in finance
http://www.nature.com/news/physics-in-finance-trading-at-the-speed-of-light-1.16872 Real estate opportunites from relativatistic arbitrage: locating exactly midway betw. market hubs

Retreat From US-Stock Fund Managers http://online.wsj.com/articles/retreat-from-u-s-stock-fund-managers-accelerates-1415048462
Instead money into US large-cap indexes. Int’l & small-cap managers still popular

QT:{{"

Yes, investors are still sinking money into U.S. stocks. But
increasingly they are doing it through traditional index mutual funds
and exchange-traded funds that track a specific market benchmark or
sector, without the variability of a fund manager’s hand. While active
stock funds have been seeing uninterrupted outflows, passive
U.S.-stock funds have collected inflows for eight months in a row.

Meanwhile, other broad categories are booming, too. Investors are
piling into bond funds and both active and index international-stock
funds.

…
“Active management has never been in worse repute,” says John
Rekenthaler, vice president of research at Morningstar. “This is the
darkest of days.”

Investors are sour on active U.S.-stock managers for good reason:
performance, or the lack of it, particularly during the 2008-09 U.S.
market slide.
…

Big institutional investors, meanwhile, determined long ago that
managers’ inconsistent results don’t justify their higher fees, and
pledged allegiance to lower-cost indexing.

In addition, many investors have flocked to bond funds and given
investment dollars to international stock-fund managers who, unlike
U.S.-stock managers, haven’t broken their trust.

Actively run international-stock funds, particularly small-cap stock
portfolios, have been relatively more successful at adding value over
an index than their U.S.-stock peers.

According to S&P Dow Jones Indices, 30% of international stock-fund
managers topped their benchmark in the five years through June, while
32% of emerging-market managers and 54% of international small-cap
managers did so.
"}}

New York Yankees

Team Value: $2,500 M
Team Value calculated March 2014

At a Glance

Owner: Steinbrenner Family
Championships: 27
Price Paid: $10 M
Year Purchased: 1973
Revenue : $461 M
Operating Income : $-9.1 M
Debt/Value : 1%
Player Expenses : $225 M

http://www.forbes.com/teams/new-york-yankees

incl. Dr. Burton Malkiel, renowned economist and author of A Random Walk Down Wall Street,

https://www.wealthfront.com/

currently at ~3.2% return according to Kiplinger’s

Vanguard Intermediate Term Corporate Bond ETF

http://www.google.com/finance?q=NASDAQ:VCIT