“This week, we take a closer look at the prime brokerage business model and its application in crypto. [In November 2021], the aggregate value of the world’s crypto assets flew through $3 trillion for the very first time. Institutional interest […]
You might expect that buying BABA in your brokerage account means you own stock of the Chinese e-commerce giant. But, alas, you don’t. China restricts foreign ownership of its companies. So, instead you own a synthetic security that depends entirely […]
I probably should have expected this, but I didn’t. Have you visited Relentless.com recently? “Amazon could build a zero-margin equivalent of C.H. Robinson inside the ‘shipping costs’ line on its P&L without anyone noticing.” | learn more