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- Lots of private work.
- Withdraw all from Schwab. No margin, was available.
- Only 8 teams have won the world cup.
- Morning Brew is run by Eagles fans?
- Picked up my v2 double garden and personal rise garden from The Today Show (32 W 49th, stage door). The third layer extension for the v2 will arrive soon (emailed Ryan), as well as the replacement trays/etc for my v1. Reassembled the new one, looks great.
- Hey! Matt Levine posted about Elon today!
- Forward contracts. Remember futures are just like options, but you have to transact at the (expiration/settlement) date. Futures are traded on exchanges. They’re a known, templated derivative. Forwards are just like futures, but are bespoke, subjective cases. Usually a 1:1 agreement with a counterparty over a specific, less common transaction.
- Opco = operating company. The primary company doing the business. Usually used in comparison to the propco (property company), the counterpart responsible for the holdings.
- Closed-end fund is just closed after IPO (primary). All sales occur in the secondary market after that. An open-ended fund allows new investment capital to come in at any time. It can issue new shares, new LPs, etc.
- Fund ratings. Issued by many bureaus, but morningstar is probably the most common. 1-5 stars. A 5 star rating = top 10%. Based on 3/5/10yr perf, and volatility. Fund must be >3yrs old to get a rating.
- RIA = registered investment advisor.
