heifetz

6 ms·

1.
by heifetz 8y ago
15 - 20% of subprime borrowers defaulted on their mortgages. That's a lot of people! Imagine, 1 in 5 of your neighbors defaulted and were foreclosed upon. This is not suppose to happen. https://www.chicagofed.org/public
2.
by heifetz 8y ago
no it's not, and I know the two are different definitions. However, what I'm saying is that a 7x 1st lien leveraged loan against a company that is trading at 14x P/E is essential 50% the market value of the company. Of course
3.
by heifetz 8y ago
You can short or buy puts on high yield ETFs, such as HYG and there are probably some others. However, unless you know what you're doing, and have risk management, it's probably not advisable to hold longer duration short position
4.
by heifetz 8y ago
The derivatives were created and rated on the assumption that the borrower's default rates were consistent with historical default rates. Of course that was not the case, and losses became multiples higher, and blew up derivatives that
5.
by heifetz 8y ago
most companies also have hard assets, e.g. inventory, real estate, IP, equipment, etc. If you're ok with paying 15x P/E which is the average S&P P/E, then 7x leverage isn't so bad... Although the companies with these
6.
by heifetz 8y ago
Sure companies will and can do that, there has been pretty good history of really large companies committing financial fraud. However, I don't think there ever has been systematic fraud in the US, unlike with subprime mortgages
7.
by heifetz 8y ago
no it's not. The subprime crisis was precipitated by a lot of people taking out mortgages with either blatantly or coerced false income information in their mortgage applications on homes that had inflated values. Once home prices stop
8.
by heifetz 8y ago
I think the reason why this is a story that is causing a lot of interest and outrage is that Soros was right! Sandberg, Zuck and co, instead of reflecting on what was actually happening, and investigating the issues that Facebook was causin
9.
by heifetz 8y ago
it's 2018, but Saudi Arabia is pretty much stuck in the middle ages. The curse of having natural resources that pays for everything the country needs.
10.
by heifetz 8y ago
makes sense, wondering why it took so long to roll out this feature, isn't this one of the original uses that Zuck had in mind when he created Facebook?
11.
by heifetz 9y ago
funny how billions of dollars brings out the worst in people (or the worst people)
12.
by heifetz 9y ago
and BTC is becoming less useful in the real world (unless you convert it to a real world currency)
13.
by heifetz 9y ago
just because someone put in a bid, it doesn't mean that the owner of the assets have to sell to the highest bid. In this case, why does the owner have to sell to Thiel just because he has the highest bid?
14.
by heifetz 9y ago
how is the raw spring water described in the article any different from bottled spring water like Perrier?
15.
by heifetz 9y ago
why are transaction costs so high? I thought one of the selling points was that the transaction cost is negligible because miners main incentive comes from mining new bitcoins?
16.
by heifetz 9y ago
lol, I guess there are three or four people in the world willing to pay that price. I'll be interested to see if this ever gets sold again and at what price. I'm guessing the buyer (if it's a single person) is a royal, oligar
17.
by heifetz 9y ago
except that Uber and Lyft are operating companies with revenue, expenses and earnings. Bitcoin is a "currency" without inherent value, or cashflow potential. I admit, Bitcoin may have some utility, but is that utility any differen
18.
by heifetz 9y ago
Can someone explain why bitcoin should be worth more than any of its forks, or any of the other cryptocurrencies? It feels to me that if anyone can fork bitcoin and create a parallel currency then I don't see why bitcoin should be valu
19.
by heifetz 9y ago
ehh, the author is a co-founder of Ably, a real time messaging platform, which competes with Slack in some areas.
20.
by heifetz 9y ago
Anyone thought Trump had the "best" security on his servers and networks? How long before we find out that his entire network has been hacked by the chinese, russians and many other countries.
21.
by heifetz 9y ago
how much value do the venture capitalists add?
22.
by heifetz 9y ago
And regardless of how much good you think a leader actually does. Two big warnings signs of corruption and self enrichment. - staying in power for a very long time. Putin and Erdogan. - Self enrichment during the time in power. People shoul
23.
by heifetz 9y ago
this is a bit outside looking in, but you get a sense of how easily people can be manipulated, or intimated in a democracy, without proper safeguards. Look at our election results!
24.
by heifetz 9y ago
this is an article from Jan 31st!
25.
by heifetz 9y ago
Militarization of our society. Airports are like warzones, with warzone like police and military and security process. Whenever there is a security issue at the airport or the plane, it's taken to the extreme. Where is the common sense
26.
by heifetz 10y ago
Since Bannon is preparing for a nuclear winter, anything other than defense and military spending is non-essential.
27.
by heifetz 10y ago
nothing that is happening to this administration is garden variety or normal
28.
by heifetz 10y ago
The Trump administration will just get more and more desperate as they 1. get totally nothing done, and nothing passed, except singing a bunch of worthless EOs. 2. get caught in various scandals, and the investigations get more and more int
29.
by heifetz 10y ago
I'm sure Trump / Bannon's ideal scenario would be to have only Breitbart report on Whitehouse news, and Trump will communicate through Twitter. They'll also manipulate various data released through official channels to r
30.
by heifetz 10y ago
I doubt trump actually drafts anything. His alt-right neo-nazi minions Bannon will draft it up, and he'll just sign it. I doubt he actually even reads what he signs. He's too busy looking at himself on tv and twittering.

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