Finance | Buzz Chronicles

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

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#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/

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.

RiShawn Biddle
@dropoutnation

Except that @AOC asked for the $2,000 after the $600 payout was negotiated by House Democrats, Senate Republicans and the Trump regime. Which was never enough to start. Now Biden is still not providing the $2,000 when folks need the money.

The Member from New York is correct.

Dear @AOC: I've given you plenty of praise when deserved and criticism when deserved. You participating in this gaslighting is worthy of criticism.

You wanted $2,000. You got $600. Biden is pushing for another $1,400, bringing it to $2,000 total, which is what you asked for. https://t.co/50qQL9arUH
— Charles #GetCovered-ba (@charles_gaba) January 15, 2021

You can argue that AOC shouldn't have taken to media to make her case. But she's a Member of Congress and can use any of the tools at her disposal to do so. In any case, she is correct that what Biden is proposing isn't nearly good enough. Also, Biden only responds to pressure.

It is only B.S. to you because you are more-aligned with Biden and his wing of the Democratic Party than with AOC's wing.

I'm sorry, but bullshit. There's two different arguments here:
1. $2,000 isn't enough
2. Biden "lied" or "went back on his promise"

#1 is debatable. #2 is utter bullshit. $2,000 is what was passed by the House. $600 is what passed the Senate. Adding $1,400 would = $2,000.
— Charles #GetCovered-ba (@charles_gaba) January 15, 2021

The reality is that $2,000 is not enough and when Biden stepped into this, he basically agreed to give $2,000 (even if he 'meant' just another $1,400). Biden should have just did the $2,000 because we all know that another $1,400 isn't enough.

Again, you can argue that the total *should* be more than $2K, but you can't argue that Biden or anyone else lied about what the total from Dems would be. Read the rest of @Yair_Rosenberg's thread. Even BERNIE is praising the plan.
— Charles #GetCovered-ba (@charles_gaba) January 15, 2021

Bernie praised it as a 'very strong first installment'. Which means that he expects more than just another $1,400. But because he has a closer relationship with Biden than AOC does, he's not going to press hard right now. @charles_gaba

President-Elect Biden's COVID rescue plan will begin to provide our people with much-needed support, such as $2,000 direct payments and a $15 minimum wage.

I look forward to working with him and my colleagues in Congress to urgently provide bold relief to working families. pic.twitter.com/i8wS5180bB
— Bernie Sanders (@SenSanders) January 15, 2021

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

Kirtan A Shah
@KirtanShahCFP

Does increase in Inflation & hence interest rates lead to a fall in equity? While theoretically yes, practically the last 20 years of data shows otherwise

Please ‘re-tweet’ 🧵& help us educate more retail investors

#Investing

Lets start with basic, y does inflation ⬆️?
Most feel bcoz of higher demand & lower supply but that’s nt the only factor. Imagine there is a shortage of laptops wrt the demand, but there is no liquidity in the market (people don’t have monies) will the price of laptop ⬆️? No

So, Inflation takes place because the demand supply situation is accompanied by high liquidity, people have the monies to spend and hence the price goes up. Inflation does not take place only because of the demand supply gap (3/n)

Its RBI’s job to keep inflation under check. What role does RBI play? RBI is comfortable keeping Inflation between 2-6% currently. So if Inflation is increasing, how can RBI control it? Can RBI do anything to demand & supply? Nothing (4/n)

So the only tool available with RBI to control inflation is controlling liquidity. If RBI is able to reduce liquidity in the market, less money will chase the goods and hence Inflation can be expected to stabilize. (5/n)

Investment Books (Dhav...
@InvestmentBook1

10 Key Takeaways from the book: The Emotionally Intelligent Investor

1. Investing success does NOT come from ignoring or suppressing emotion. Assuming that you have relevant expertise, disregarding intuition and empathetic feelings because they cannot be explained, is a mistake!

2. Self-awareness is the first and most important step in improving as an investor. An investment approach needs to fit with your unique set of motivations, personality traits, weaknesses, and strengths. Don’t try to be exactly like Warren Buffett if you are not like him!

3. Humans have certain common investing vulnerabilities, but everybody is unique in their susceptibility to them. Consider your weaknesses to be the investing biases and traps to which you are most prone.

4. Because we are constantly changing, introspection should be incorporated into the daily and weekly routines of any investor. Try writing in a trading/Investing journal.

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