European breakaway competition with 15 core teams and 5 qualifying teams. Core teams don't face relegation. They will each receive €3.5bn for "infrastructure investment plans"
Super League also saved money with a website resembling a Tumblr post
The headlines will belong to Florentino Perez, Andrea Agnelli and Joel Glazer but the real architect of the renegade league is methodically crafted by a guy you probably never heard of...
If the ONLY reason you're buying into something is for the chance someone else MIGHT buy it from you at a higher price - it's probably not a great idea.
We're obsessed with watching prices instead of understanding inherent value.
Pump & dump stocks, novelty crypto coins, pyramid schemes are all a massive game of musical chairs.
Just remember, if you aren't the person controlling the music - there's always a chance you will be out of a chair.
A derivative is any contract that “derives” value from an underlying asset. So if you buy a contract that pays you out every time Arsenal wins, you have a derivative.
You will also be poor & depressed.
You’re a football manager looking to sign 19yo wonderkid striker Jose from OnlyFans FC. Nobody really knows how much Jose is worth.
You figure Jose is worth at least €60m if he can bang in 25 goals this season. But a bigger club might buy him by then.
Petrol price increase since Jan 2021: 17%
Your salary increase since Jan 2021: -
There's nothing more infuriating than hearing government blame fuel increases on global oil prices
... while conveniently forgetting to mention higher fuel taxes and levies (already a massive chunk of the price)
Fuel prices, electricity tariffs & food price increases FAR exceed 2.9%... but hey let's keep applying our current, archaic version of CPI as a proxy for "inflation"
By now you would have seen the media storm over Goldman Sachs analysts working 100+ hours a week.
I've had the fortune (misfortune?) of being both a junior banker and a few years later, team staffer. Here's a bit of insight on why investment banking hours are so long [Thread]
Investment banking is a 6 hour work day stretched across 16 - thanks to long standing inefficiencies, a rigid hierarchy and archaic elements of measuring performance.
Your "game time" when you're running hot and grinding hard is a fraction of the total time you spend on the desk
Across most product areas, you're carved into origination and execution.
Senior bankers are the hunters bringing in deals (originating). Junior bankers are running point on day to day on the deals (executing)
It's two entirely different jobs across the very same client