Every day that Germany stays in the Euro, it writes a blank cheque to the high-debt South. The high-debt South - no surprise - cashes that cheque with great enthusiasm. Germany's political center is too "posh" to acknowledge this. But the AfD isn't...
https://t.co/NrVvvbdJCt
If you really want to make it you have to live and breathe finance. There’s no shortcut, or alternative.
Every second of your waking day should be mostly dedicated to learning about assets or thinking about markets.
Interesting take that siding with suspicious public trades (like someone buying short-timed call option with high risk and high reward) might not be insider trading even if the one that put the initial trade was relying on insider trading... wondering what position quant HFs take
Warren Buffett: "If we ever get an economics department at Berkshire, sell the stock short."
"What do they do [in a bank's economics department]? If the guy comes in and says, 'I think GDP will be 4.6% this year instead of 4.3%,' so what?"
That's right. Those focused on mastering the game tend to outcompete others as a byproduct. Collaboration is preferred because it accelerates mastery and new edges (1+1=3). The bottom treats everything as zero sum game with no focus on mastery or building some unique edge.
On a positive note, the best Sovereign Advisory IBs sit in Paris.
So just imagine the Socialists realizing they may have to pay to the "greedy bankers" they despise so much to help them clean up the fiscal mess they created.
Absolute cinema.
French 10-year bond yields are the highest relative to similarly-dated German bunds since the European debt crisis 14 years ago. France's borrowing costs have risen above those of Italy and Greece, with the nation facing one of the biggest fiscal deficits in the EU.