October 9, 2018 9:25 pm

The Revenue Of Casinos And Gambling

Casinos and gambling revenues

The moment you think of Las Vegas, you think casinos and gambling. To some, it may be an addiction, for others it may be gaming, but for casinos it is just one thing- pure business. Yes, gambling is a lucrative business that is often based on somebody’s misfortune. But as they say it, as bad […]

The Rise of AUD

Rise of AUD

The Australian dollar has been appreciated strongly over the past decade, leading to increased concerns over the impacts of the high exchange rate on trade-exposed sectors of the economy. The Australian dollar is on the rise as the traders went to bargain hunting, taking advantage of the currency’s lower value, after its big fall once […]

The History of Banking in the United States

Banking History

When Alexander Hamilton came into power, he established the Bank of the United States in 1792, which he wanted to model after the Bank of England. The government owned 20% of the stock, had two seats on the board, had the right to inspect the books of the bank at any time, and the rest […]

Solar Power And Eco-Friendly Products

Solar power

Sun always stands poised as an exemplary of energy. What if this energy can change our way of life for better? Solar power can readily change all our lives and carry everyone from this hectic world to a greener planet. The solar energy which amounts up to 35,000 times more than the total energy used […]

How To Hire For Your Brand New Hedge Fund

One of the benefits of working as an investor is that you don’t necessarily need to manage large teams to make money.  Many of the most well-known hedge funds have very, very low headcounts, with far fewer employees than normal companies in the same revenue range. But you still need to hire some people once […]

Never-Before-Seen Video Of Steve Cohen Sounding Confused About Insider Trading Laws During A Deposition

In January(ish), PBS’ investigative documentary series Frontline will air its special on SAC Capital, the once- high powered hedge fund that yesterday agreed to plead guilty to insider trading and pay a $1.8 billion fine. SAC, which will now have to close its doors to outside investors, is headed by legendary trader Steve Cohen. According […]

And Now For A Hedge Fund Scoreboard Check

The time has come for the monthly status check on the performance of the now largely anachronistic hedge fund industry: a 2 and 20 anachronism (whose every phone call is monitored by the FBI nowadays, thanks Stevie Cohen) because in Bernanke’s centrally-planned world, risk is verboten, as are any selloffs, and if indeed one does […]

The Rise And Fall Of Steve Cohen

Two Of Jim Chanos’ Prodigies Are Starting Their Own Short Hedge Fund

Mike Monnelly and David Bonnier - two former analysts at Jim Chanos’s Kynikos - have started a new short hedge fund based in London, Bloomberg’s Bei Hu reports.  Bonnier joined Kynikos  in 2005. Monnelly joined in 2006. Their new enterprise - The Arhammar Short Alpha Fund - “will invest in 30 to 50 stocks which […]

The Sad Conversation Bill Ackman And Dan Loeb Reportedly Had Before They Stopped Speaking

Buried in the unflattering Vanity Fair profile of Daniel Loeb is a sad anecdote about the demise of the friendship between the sharp-tongued activist investor and Bill Ackman. Late last year, Ackman, who runs Pershing Square Capital, publicly said that he’s shorting $1 billion worth of Herbalife, a multi-level marketing company that sells nutritional supplements. It’s […]

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