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20 Jun, 4 tweets, 2 min read
(Part 1) The class will be co-hosted by @davidbr813. We have decided to merge our spaces together for tomorrow's class in order to deliver an optimal learning experience for everyone while expanding our audience.

twitter.com/i/spaces/1PlJQ…
(Part 2) To improve the Q&A section, related questions to the class shall be forwarded to @bibliocrime ahead of time or for clarifying misunderstood topics.
(Part 3) Here is the preliminary table of contents for my class:

- Definition of economics
- Policy making
- Revisiting the power of lobbying
- Understanding assets, equities, liabilities
- The Chessboard of Finance
- The importance of demography
- Due Diligence
(Part 4)

- Inflation
- Supply & Demand
- Consumer Price Index (CPI)
- Hyperinflation
- Bubbles
- The current economy with reverse repos
- Dollar Price Index
- Bonds
- Hedges
- 2008 financial crisis
- Up to one hour of Q&A for smooth brains.

See you there!

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More from @CringleKitten

CringleKitten Profile picture
22 Jun
(Part 1) I have explained how the 2008 financial crisis actually happened with the unwinding of disguised triple-A rating Collateralized Debt Obligations (CDO's) representing defaulted Mortgage-Backed Securities (MBS) with low-quality worthless bonds.
(Part 2) So taking a quote from Steve Carell's Mark Baum in the Big Short: "CDO's are dog shit, covered with cat shit."
(Part 3) Fast forward to present day, @kenanigdebeli (SMaster) has brought a potential discovery of a bigger unwinding process that could be happening with Collateralized Loan Obligations (CLO's) - essentially the same thing as CDO's minus a few minor details.
Read 6 tweets
CringleKitten Profile picture
21 Jun
(Part 2) Common financial errors of investing based on behavioral traits:

1) Wishful thinking - It's something that has been studied and documented by behavioral analysts and psychologists...
(Part 3) ...People tend to make the error of believing what they want to believe, often based on the realm of conjecture and bias. This is something that is often exploited by people selling / offering investments.
(Part 4) 2) Attention anomalies. These are human attention that tends to be sporadic. This is an example of people looking at certain things - you overly pay too much attention to certain details and suddenly you get caught-off guard by something else that might crumble your POV.
Read 12 tweets
CringleKitten Profile picture
20 Jun
(Part 1) Background story of a hedge fund's life

Before you cast your forks, people need to understand we're not one of the same basket.
(Part 2) There are different types of hedge funds:

- Apex Predators of Wall Street
- Master controllers of the narrative for the free market
- Destroying businesses
- There are many who want to make people suffer for the sake of entertainment or sport
(Part 3) My company is involved into ethical trading so we deliberately choose to limit repercussions for the little guys. 100% of that goal is impossible because of the definition of finance: Someone wins, someone else loses - but we try our best to follow this philosophy.
Read 14 tweets
CringleKitten Profile picture
19 Jun
(Part 1) The illusion of commission-free trading

Brokerages that offer commission-free trading are not exactly free. They take profits through an arrangement called "payments for order flow".
(Part 2) Commissions actually pay a big part of today's stock market as they are served premiums to process and clear out orders.

Considering the market is based on the notion of supply and demand. There's also this notion that is based on the first arrived, the first is served.
(Part 3) Take commissions as some sort of fast passes of thrill rides in amusement parks. You pay a premium to fast track orders to be filled by the market for your desired prices.
Read 15 tweets
CringleKitten Profile picture
13 Jun
(Part 1) The inner workings of an investment bank

Let's talk about what an investment bank does. It's gonna lay out some foundations and make some pieces clearer on what happened recently with highly shorted securities with the issuance of shares including wealth creation.
(Part 2) Investment banking does three primary functions: underwriting securities, IPO & seasonal offering.

A company wants to issue shares. You need someone to vouch for you to buy a piece of your company. In some way, it's a reputation kind of thing.

This is underwriting.
(Part 3) The investment bank has contacts among people to make offerings worthwhile and they manage this issuance to make sure a company grows with liquidity.
Read 8 tweets
CringleKitten Profile picture
12 Jun
(Part 1) So I've been investigating the bond market and lots of smart money from institutions are betting against it. $HYG is one of those prime examples, being a high-yield corporate bond, representing low-par companies.
(Part 2) These institutions betting against these bonds are Citadel, Blackrock, Morgan Stanley, Citigroup, Jane Street, Goldman Sachs, Susquehanna, Bank of Montreal, Barclays, UBS Group, and more!
(Part 3) How does this affect the squeeze? Unfortunately, it is just kicking the can down the road as the bearish market is eventually inevitable but it's gonna help somewhat our cause.
Read 8 tweets

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