Finance | Buzz Chronicles

$Dirk Schwenk (Esq) \U0001f3b5$

The NRA files bankruptcy. Big Deal or Big Nothing? A thread. @SaysDana @CheriJacobus

First let's talk bankruptcy. What is it? You get protection from debts, but you have to tell highly trained federal officials EVERYTHING about your business and convince your creditors that you are being honest. It is a significant hurdle and requires you to reveal A LOT.

And the NRA has A LOT to hide. For instance, it is actually a complete fraud. It raises money from gun loving suckers and funnels MILLIONS to a shady "ad agency" Ackerman McQueen which is the actual thing scamming suckers for profit.

We know this because during a leadership squabble between Ollie "Felon" North and Wayne "Cynical Greed Personified" LaPierre, the NRA sued Ackerman McQueen accusing it of overbilling and then all hell broke loose.

Among the entertaining parts of that pissmatch, was Ackerman outing LaPierre's summer "intern."

Today @DerWouter tagged me with this little tidbit. The woman on the right (an NRA intern and "gift coordinator") is specifically named in an AMcQ letter to Extermely Horrible Person Wayne LaPierre. https://t.co/OLU7UVUVIP.
— Dirk Schwenk (Esq) \U0001f3b5 (@DirkSchwenk) May 13, 2019

Kamogelo
@lawseed

Tax evasion vs Tax Avoidance

What is it & the difference between the 2.

A thread

Tax evasion = Illegal 🚫 Criminal
Tax avoidance = legal ✅ allowed

Tax evasion is an illegal & unlawful practice of not paying tax. A person or business structures their affairs in a way that they don't pay taxes due to SARS. This happens by not reporting their income, deducting frivolous expenses, inflating expenses, underpaying or understating

Tax avoidance on the other hand is a legal & allowed way of minimizing your tax liability. Our tax legislations allow us to structure our affairs in order to minimize your tax liability

E.g. in personal taxes, medical aid, out of pocket, RA deductions, TFSA etc. In VAT, output & input tax provisions allows for payment of lesser taxes. Business are also allowed to deduct allowable expenses, ring fence losses etc in order to minimize their tax liability

Aditya Todmal
@AdityaTodmal

Here are all the threads posted by @AdityaTodmal and @niki_poojary in January: 🧵

• 8 powerful ways to use Twitter
• Power of Stocks
• 14 Trading Strategies
• Basics of Derivatives (3 parts)
• Technical Analysis for all sectors
• Tweets of the week
• Books on Futures

All the Top 10 tweets threads I have ever posted to date:

Every week, I post a thread with the top ten tweets.

People seem to enjoy these a lot.

\U0001f9f5 Here's a list of all of them in order of appearance: \U0001f9f5
— Aditya Todmal (@AdityaTodmal) January 7, 2022

Basics of Derivatives Part 1:

\U0001d401\U0001d41a\U0001d42c\U0001d422\U0001d41c\U0001d42c \U0001d428\U0001d41f \U0001d403\U0001d41e\U0001d42b\U0001d422\U0001d42f\U0001d41a\U0001d42d\U0001d422\U0001d42f\U0001d41e\U0001d42c

\u2022 What is a derivative

\u2022 Various derivative products

\u2022 Participants in derivatives market

\u2022 Uses of derivative instruments

\u2022 Beta & hedge ratio

\u2022 Option Greeks

Time for a Thread \U0001f9f5

Curated in collaboration with @AdityaTodmal pic.twitter.com/x6IHoQubOT
— Nikita Poojary (@niki_poojary) January 8, 2022

8 powerful ways to use Twitter:

Most of the Trading community doesn\u2019t know how to use Twitter effectively.

Here are 8 powerful ways to use Twitter: \U0001f9f5

Collaborated with @niki_poojary pic.twitter.com/TuZt72PIzd
— Aditya Todmal (@AdityaTodmal) January 15, 2022

Basics of Derivatives Part 2:

\U0001d401\U0001d41a\U0001d42c\U0001d422\U0001d41c\U0001d42c \U0001d428\U0001d41f \U0001d403\U0001d41e\U0001d42b\U0001d422\U0001d42f\U0001d41a\U0001d42d\U0001d422\U0001d42f\U0001d41e\U0001d42c - \U0001d40f\U0001d41a\U0001d42b\U0001d42d \U0001d408\U0001d408

\u2022 How options can be used

\u2022 How to trade in options & exit strategy- buyers

\u2022 Imp of theta decay

\u2022 How to trade in options & exit strategy -sellers

Time for a Thread\U0001f9f5

Curated in collaboration with@AdityaTodmal pic.twitter.com/Ebd99afDKB
— Nikita Poojary (@niki_poojary) January 15, 2022

$Andrew K\xf8ng$

Andrew Køng
@Rewkang

With $50-$500 dApp interaction fees, DeFi mainly just caters to the whales

Major DeFi apps launching on Layer 2 can 10x the number of DeFi users

2021 is the year it happens

But DeFi apps will be launching across a host of different L2s - zksync, Starkware, Optimism, Matic, etc

With long or costly exit times moving between L2 to L1 to a different L2 users don't get the real DeFi UX that make it so magical

Luckily, @thorchain_org exists

People talk about Thorchain in the context of connecting other L1s, but most L2s are separate blockchains themselves that can just as well connect to Thorchain

This means that if Thorchain bridges were built for say Optimism & zksync, users would not need to go through the cumbersome process of moving to L1 first and could instead trade their Optimism coin for the same version of that coin on zksync in one tx

And since transactions on L2 are fast and cheap, so would the transaction to transfer assets between those chains

The UX for moving between chains is dramatically simplified and Arbitragers/Market makers will ensure that the version of each coin is pegged across the L2s

William Fredland
@WilliamCantLose

Why You Should Give Out Your Best Content for FREE to Land More Clients and $$$ (In ONE PDF)

If you’ve taken @PaikCapital “The Agency Course” this is a MUST READ

-THREAD-

What the hell are you talking about?

Yes, you heard me, you will get more clients when giving out your best content for free.

And it’s all in ONE pdf.

Hang with me..

Now, here’s why you should do this

Basically…

You will create an authority feeling around yourself as an agency to your niche when you do this.

You will be the go-to agency in this area.

People will then WANT to work with you

You will be the master among the people who do the same thing as you.

That's why you want to give it all away, reveal all your “super-secrets”.

In one pdf.

Let’s take an example

Let’s say that you’re running an agency that’s helping eCommerce businesses increase sales with Facebook ads.

When prospects (eCommerce owners) come onto your landing page, you want to collect their email addresses because they can become future clients, right?

BlueToothDDS
@BlueToothDDS

Recent musings on payments as it relates to $SHOP + $FB: first some basics, then a few thoughts on recent developments

TLDR: Capturing % of GMV great for SHOP (already well appreciated), but perhaps even better for FB (still early days, unlikely to see impact until Q3 this year)

$SHOP Expands Its Checkout System to $FB and Instagramhttps://t.co/IsM1FNsFXV
— Jerry Capital (@JerryCap) February 9, 2021

1) $SHOP launched Shopify Payments in mid 2013 and this substantially changed the trajectory of its business, which previously didn’t scale (directly) with the GMV running through its platform

Shopify Payments today is ~75% of SHOP’s faster growing non-subscription revenue

2) Shopify Payments currently drives ~50% of $SHOP revenue and is enabled by 2/3+ of all SHOP merchants (in 🇺🇸 90%) accounting for nearly 1/2 of GMV generated on SHOP digital store fronts

As we all know, Shopify Payments is powered by Stripe, so not available where Stripe is not

3) Per filings, $SHOP charges ~275 bps gross yield (rack rate is 2.4-2.9% + $0.30 depending on which subscription plan a merchant chooses) and makes ~90-100 bps net yield on Shopify Payments, after interchange and processing fees paid to Stripe and downstream (WFC/FISV)

4) For the < 1/3 of $SHOP merchants and 1/2+ of GMV not on Shopify Payments, the merchant brings its own 3rd party payment processor

In this scenario, SHOP only captures a nominal transaction fee on the non-Shopify Payments GMV (~25bps on blended basis)

H/t @JerryCap

$Jon Wiseman \U0001f384\u2744\ufe0f$

Jon Wiseman 🎄❄️...
@JonWiseman

🧵 Ajax’s own MPP decided to take a non-essential trip outside of the country while our town moved from Red to Lockdown.

I don’t even know where to start on this. Rules for me and not for thee? Financial privilege in action? Getting away from the “plebs” in Ajax? #onpoli 1/x

#BREAKING; NEWSTALK 1010 has learned Ontario Finance Minister, Rod Philips, travelled outside of the country for a personal vacation despite @fordnation repeated pleas to stay home over the holidays. Minister Philips has released the following statement #onpoli pic.twitter.com/DlaOc1MZTq
— NEWSTALK1010 (@NEWSTALK1010) December 29, 2020

My family had plans to travel to Europe this summer, but we knew that it had to be postponed to a safer time. We thought of postponing the trip to now, but decided against it until after vaccinations happened and travel advisories are lifted. #onpoli 2/x

And, by the way @RodPhillips01, as someone eligible to vote in Ajax, let me direct you to this big, bold, red text on Global Affairs Canada’s website. #onpoli 3/x

Yes, sometimes there may be an urgent need to leave the country (dying family member or other family emergency), but in a year where Ajacians, and indeed all Ontarians, have made so much sacrifice, this feels like a quintuple slap to the face. #onpoli 4/x

While individuals still go to high-risk, close-contact workplaces during “lockdown” to keep our supply and food chains going, @RodPhillips01 decides to go on vacation. Sounds like another example from a country a few hundred kilometres away. #onpoli 5/x

Dr. Shadow
@megadave5000

One of the most influential songs that I can recall is “All Along the Watchtower.” Have you ever really listened to it? This was originally written by Bob Dylan, covered by innumerable artists. Each putting their own spin on the ball as it approaches the plate, and in almost

every case it’s a grand slam. Think of how it begins. It’s in the A minor key, dark and driving. Like a hard rain at your back. The song literally starts off with the musical equivalent of “It was a dark and stormy night…” And there it is, the chords drilling you down into

the spot you’re standing. Try to keep your stride as the intro unfolds. The rhythm arrests you in place – you’re about to hear something important, you can’t miss this. Like an approaching freight train, the locomotive barreling down nearly out of control. You can look away

just the same as you can look away at a car accident you know is about to happen. Out of nowhere you get a taste of the scene, it’s heavy to match the beating wall of sound. “There must be some kind of way out of here, said the Joker to the Thief…” So now we have a

conversation. Two associates, clearly involved in the daily grind coalesce out of the mist. There’s a Joker and a Thief. Who among us has trouble immediately relating to at least one of them? The Joker, obviously troubled. Insanity creeping inwards. The world aflame.

Trader Joe
@YieldFarmerJoe

1) Getting Alpha on your $alpha. Why it's my biggest gamble.

Many may think that the product @AlphaFinanceLab = Alpha Homora, but that would be akin to saying Adobe Photoshop is Adobe.

2) Alpha aims to be a suite of #DeFi products that looks for market opportunities in DeFi by solving its problems. They will identify a problem and then build quick to be the first mover.

3) Alpha Homora (leveraged yield farming) happens to be the first. Heck Homora could very well turn out to be its Adobe Prelude and we haven't even gotten to its flagship Photoshop yet.

4) In this thread I will focus on it's upcoming project AlphaX (beta testnet round2), because people are already familiar with Alpha Homora.

5) Here are 2 great threads if you want to look into Alpha Homora more in depth:

V2 overview - https://t.co/srsWaDoCyH

Ironbank (capital efficient lending) integration with @creamdotfinance $cream -

As the release of @AlphaFinanceLab Homora v2 seems to get closer by the day, let's take closer look at the protocol, the various components, and what's coming.

\U0001f9f5\U0001f447
— Sawit Trisirisatayawong (@tansawit) January 24, 2021

Gabriel Castro, CFA
@gabcasla

$GLNG Golar vende Hygo y GMLP. La transacción libera valor inmediatamente. El stake de Hygo ha sido comprado por 18.6M acciones de $NFE y $50M, mientras que la venta de su MLP $GMLP reporta $78M. Al precio actual de NFE, la transacción equivale $1.28bn vs $1.5bn GLNG market cap

En mi opinión Golar podría haber conseguido mayor valoración a través de la salida a bolsa de Hygo. Sin embargo, acabamos de aumentar notablemente la valoración de Golar de LP. ¿Por qué? Golar estaba atado a Hygo con la IPO ya que tendría un stake del 40% y Stonepeak otro 40%

Golar no podría vender su participación y obtener cash para centrarse en el negocio realmente diferencial, FLNG. A raíz de esta transacción Golar posee un 9% de NFE que creo que venderá en los próximos años para acelerar el negocio core. Además, al mismo tiempo se deshace de GMLP

Cada proyecto nuevo de FLNG aumenta la valoración entre 7-10$ y ahora mismo la mayor barrera para nuevos proyectos es el balance débil de GLNG. El FLNG requiere una fuerte inversión inicial ($700M) que se sustituye por deuda en el momento en que el FLNG se encuentra operativo.

Con los precios actuales de LNG en Asia esperamos Hilli completamente operativo en 2H. Además, con el nuevo cash creemos que Golar puede acelerar los proyectos FLNG en pipeline y anunciar Gimi II en los próximos 12-18 meses. Esto incrementaría el precio objetivo de Golar >35$

First Principles Inves...
@fp_investing

Follow up post on GME answering common questions (e.g. if they short is still >100% of float, wouldn't that cause another short

1/ Official short interest is only posted twice per month. Daily estimates by data firms (e.g. S3 Partners) can be inaccurate, especially if there is high intraday volume and volatility

2/ De-grossing suggests that hedge funds facing existential loss likely to have already covered.

Short positions opened in last 3 days was ~35M shares all above $300 suggesting that the cost basis has been reset. The original shorters have likely covered already.

3/ There is a staggering 1.38m put options open vs. 233k call options. This 1.15m net put exposure means that MM likely owning ~11m shares short for delta hedging. These shares are unlikely to be squeezed

4/ Short squeeze and gamma squeeze likely to have already occurred. Continued share price increases likely driven by new investors joining WSB/RH. Buying of GME has now expanded beyond US to other countries.

$Xy5Z89\U0001f1e9\U0001f1ea\U0001f1ea\U0001f1fa$

Xy5Z89🇩🇪🇪🇺...
@Xy5Z89

Northkoreas foregin policy,

Most important Nortg korea follows its 주체(Juche) ideologi, wich in short means self-reliance (Independent for itsself) based on historical inavsions by other nations, China,Japan,USA. Causing a genral hostlitiy against US allies.

-Good relations can be saied are
1.China wich is the life source and only one who can curb North korea, but China is in need of North korea as China dosnt want the USA via South korea at its border and so China dose everything to maintain the status of NK. China cant comdem NK

2014 China condemed NK for a nuclear test wich was btw recorded as a 5.3 earthquake. But at that time Kim Jong-un had to show strength to get full controll of the army and curb rivals. NK gets everything needed via China also its the cause of always possible collaps with news.

Russia.

Russia also wants to avoid more US troops at the border and esspecialy in its weaker east but Russia sees in NK a good buyer for missles and gives so sometimes its save veto in the UNSC. All sanctions were due to nuclear tests Russia couldnt prevent without losing face.

Russia and North korea etablished a special industrial cone ar its 18km long border in Rizon for a cooperative production as Russia sales the good and gives money to the Northkorean regime. Kim also visited Putin already in Wladiwostok. Russia buys many minerals from NK.

Ram Bhupatiraju
@RamBhupatiraju

One of my fav docs to come back to during all market cycles. Covering Investment principles, checklists, economic cycles/bubbles, value traps & more. Phenomenal compilation by @pcordway👏

cc: @dmuthuk @Gautam__Baid @saxena_puru

Some of my fav content.⬇️

https://t.co/TIkvktVoJC

Pretty good process and checklist.

Tenets from "The Warren Buffett Way"

Some lessons from Ben Graham

Phil Fisher's 15 Questions and 10 Don'ts.

Chris 'Axolotls' Stead...
@cm_stead

I just saw a thread about foster care, which did not paint an accurate picture of why children are removed, foster parent "salary", etc.

As a foster parent I have a few words about the experience.

Content and trigger warning, there will be talk of severe child abuse.

1/x

First, I want to talk about motivation for fostering.

Different people are motivated differently, so I can only speak for my family.

We originally wanted to adopt children because we can't have our own.

While researching adoption, we learned about fostering.

2/x

We felt we had room in our lives to take in kids who needed a place to go. So we shifted our focus.

Since then we have had several children come and go. Each situation was different, and I will get to that.

3/x

Regarding the "salary" we get: there is no salary.

We do receive money to cover some of the costs we incur, like paying for medical care, buying them clothes, etc.

It is not anywhere near the quoted $39K.

4/x

All told, we generally end up going out of pocket to cover all expenses.

We take kids under 3, and as any parent can tell you, diapers, clothes, food, formula, various medical costs... It all adds up really fast.

5/x

Subhadip Nandy
@SubhadipNandy16

Rule 4 : If buying a naked option, always ensure that implied volatility is low. This can be understood from the level of IV vis a vis historical IV levels. Use IVR or IVP etc.
For a naked option to make money, it's better if IV rises or at least stays flat.

Rule 3 : DO NOT run or trade everything that moves. Focus on a few stocks and master them. When a move comes, make the max out of that move.
Example : in this crazy mkt, I did not even trade TataMotors this week. Stayed focussed on ITC and it gave good returns https://t.co/41wkugZg1I
— Subhadip Nandy (@SubhadipNandy16) October 14, 2021

This is a thread I wrote on IV, IVR etc

IV - A thread

In financial mathematics, implied volatility of an option contract is
that value of the volatility of the underlying instrument which, when
input in an option pricing model ) will return a theoretical value equal to the current market price of the option (1/n)
— Subhadip Nandy (@SubhadipNandy16) September 20, 2018

Swiss Ramble
@SwissRamble

#Milan 2019/20 accounts cover a season when they finished 6th in Serie A and reached the semi-final of the Coppa Italia, but were excluded from Europe for FFP issues. Second season under the ownership of American hedge fund, Elliott Management Corporation. Some thoughts follow.

#Milan pre-tax loss widened from €143m to €192m (post-tax €195m), the worst result in club’s history (partly due to COVID), as revenue fell €56m (25%) from €228m to €172m, while profit on player sales up €3m to €15m. Expenses slightly lower, including €30m exceptionals.

#Milan largest revenue decrease came from broadcasting, down €42m (40%) from €105m to €63m, though match day also fell €10m (31%) from €34m to €24m and player loans were down €5m to €8m. Commercial was slightly higher, up €1m to €77m.

As a technical aside, this international definition of #Milan €172m revenue is different to the one used in the club accounts, which also includes €20m gain on player sales plus a tiny increase in asset values, giving revenue of €192m, down €49m (20%) from prior year €241m.

#Milan wage bill was cut €24m (13%) from €185m to €161m, while other expenses were down €7m (8%) to €88m. Player amortisation rose €14m (18%) to €95m, while player write-downs increased €18m from €2m to €20m. Net interest decreased €4m from €10m to €6m.

Louis Pereira
@LouisPereira23

A 21-Tweet summary of 𝗧𝗵𝗲 𝗣𝘀𝘆𝗰𝗵𝗼𝗹𝗼𝗴𝘆 𝗼𝗳 𝗠𝗼𝗻𝗲𝘆, by @morganhousel.

1/21
A genius with poor emotional control can be a financial disaster.

An ordinary person with a handful of behavioral traits can be wealthy.

2/21
Every person has unique experiences that shape their views about money.

What makes no sense to you might be completely rational for someone else.

You don't know what they know.

Don't judge their monetary decisions based on your worldview.

3/21
Not all success is due to hard work. Not all poverty is due to laziness.

Acknowledge the role of luck and risk in all outcomes.

When you're taking risks, try to protect your downside.

When you get successful, acknowledge the role of luck.

4/21
'Enough' is a decision, not an amount.

Learn when to make it, and don't fall into the trap of risking your reputation for the chance to earn more money.

Crypto Pirate
@_CryptoPirate_

1/13

$Band vs $link dep dive.

In many if not most use cases band protocol will be used ALONGSIDE that of #chainlink. $Band has a stronghold in South East Asia and will also generally pull it's data from different sources than link.

2/13
They are both working on verifying data validity right now but to answer the question plainly, there is not going to be one #Blockchain solution in any of the fields to rule them all, this is a perfect example of two block chains that will work in tandem with each other.

3/13
$link has seen mass adoption and band has a long way to go, but by the look of who is invested in #Band (sequoia capital) and the fact that they are already being used in conjunction with each other, I see a bright future for this #chainlink ally! (Not competitor).

4/13
These definitely are in the same market, but don't let that worry you, $Band does differentiate itself enough to make this more of an oligopoly than a monopoly. I see more financial gains in band if you invest now, but of course there is no reward without risk.

5/13
#Bandchain has the bonus of being built on cosmos technology that will allow it to easily interconnect with other blockchains and make it easier to be an oracle source for other non-Ethereum based smart contracts that need a decentralized oracle.

Cory Doctorow #BLM
@doctorow

Today's Twitter threads (a Twitter thread).

Inside: Pelosi kicks Katie Porter off the Finance Committee; and more!

Archived at: https://t.co/zf4VwiHi1P

#Pluralistic

1/

Pelosi kicks Katie Porter off the Finance Committee: Paging Upton Sinclair, Mr Sinclair to the white courtesy phone.

https://t.co/dZSiJ1xFry

2/

The Democrats are at least two parties. The progressive wing of the party (which is by no means unified) and the finance wing of the party, which is also the party leadership.

1/
— Cory Doctorow #BLM (@doctorow) January 16, 2021

#20yrsago Teresa Nielsen Hayden’s formal excommunication https://t.co/7YzBVPa9pr

#15yrsago New discussion draft of GNU General Public License is released https://t.co/s75A4o6n6G

#15yrsago Firefly fans trying to raise enough $ to produce a new season

#15yrsago King Foundation uses copyright to suppress “I Have a Dream” speech https://t.co/PeYSLzHkuq

#5yrsago Worried about Chinese spies, the FBI freaked out about Epcot Center https://t.co/yzSSdYBikn

4/

#1yrago Court case lays bare KPMG’s crimes: poaching employees from its own regulators and making them steal government secrets https://t.co/JdLATfUqF2

5/

Harel Jacobson
@VolQuant

My take on YOLO short squeeze and volatility..

I guess much has been said/written/memed about the most recent r/WSB YOLO short squeeze, and tbh have nothing really smart to add... but i'm puzzled by the pro-investment community reaction to this (namely HFs, bank sales desks

and prop traders)...

While squeezing traders position has long been a guilty pleasure of the Hedge Fund community (and few aggressive banks, with questionable motives to skew prices), everybody seem to be shocked that retail traders do that, and running a decent risk management

scheme...

My best recollection of a brutal position squeeze was the $12bn JPM lost on CDX spread (aka, the London Whale)

https://t.co/bDHAL2UwpX

Back in these days the entire market knew that JP's trader was, in fact, the entire position in the illiquid index (off-the-run)

so almost every credit trader that I knew traded against that position... Now, that's perfectly legal right? it's not crossing any legal boundaries of price manipulation, so why is it ok for pro traders to do that but it becomes shocking when your neighbor's kid does that?

and the CDX example is only one of a handful of examples of skewed position that got squeezed hard, the only difference is the orderbook distribution...

While in "normal" markets orderbook distribution oscillates between normal to slightly skewed, in the YOLO case I think that

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