Viewing profile — heifetz

15 - 20% of subprime borrowers defaulted on their mortgages. That's a lot of people! Imagine, 1 in 5 of your neighbors defaulted and were foreclosed upon. This is not suppose to ha…

no it's not, and I know the two are different definitions. However, what I'm saying is that a 7x 1st lien leveraged loan against a company that is trading at 14x P/E is essential 5…

You can short or buy puts on high yield ETFs, such as HYG and there are probably some others. However, unless you know what you're doing, and have risk management, it's probably no…

The derivatives were created and rated on the assumption that the borrower's default rates were consistent with historical default rates. Of course that was not the case, and losse…

most companies also have hard assets, e.g. inventory, real estate, IP, equipment, etc. If you're ok with paying 15x P/E which is the average S&P P/E, then 7x leverage isn't so bad.…

Sure companies will and can do that, there has been pretty good history of really large companies committing financial fraud. However, I don't think there ever has been systematic …

no it's not. The subprime crisis was precipitated by a lot of people taking out mortgages with either blatantly or coerced false income information in their mortgage applications o…

I think the reason why this is a story that is causing a lot of interest and outrage is that Soros was right! Sandberg, Zuck and co, instead of reflecting on what was actually happ…

it's 2018, but Saudi Arabia is pretty much stuck in the middle ages. The curse of having natural resources that pays for everything the country needs.

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makes sense, wondering why it took so long to roll out this feature, isn't this one of the original uses that Zuck had in mind when he created Facebook?

funny how billions of dollars brings out the worst in people (or the worst people)

and BTC is becoming less useful in the real world (unless you convert it to a real world currency)

just because someone put in a bid, it doesn't mean that the owner of the assets have to sell to the highest bid. In this case, why does the owner have to sell to Thiel just because…

how is the raw spring water described in the article any different from bottled spring water like Perrier?

why are transaction costs so high? I thought one of the selling points was that the transaction cost is negligible because miners main incentive comes from mining new bitcoins?

lol, I guess there are three or four people in the world willing to pay that price. I'll be interested to see if this ever gets sold again and at what price. I'm guessing the buyer…

except that Uber and Lyft are operating companies with revenue, expenses and earnings. Bitcoin is a "currency" without inherent value, or cashflow potential. I admit, Bitcoin may h…

Can someone explain why bitcoin should be worth more than any of its forks, or any of the other cryptocurrencies? It feels to me that if anyone can fork bitcoin and create a parall…

ehh, the author is a co-founder of Ably, a real time messaging platform, which competes with Slack in some areas.

Anyone thought Trump had the "best" security on his servers and networks? How long before we find out that his entire network has been hacked by the chinese, russians and many othe…

how much value do the venture capitalists add?

And regardless of how much good you think a leader actually does. Two big warnings signs of corruption and self enrichment. - staying in power for a very long time. Putin and Erdog…

this is a bit outside looking in, but you get a sense of how easily people can be manipulated, or intimated in a democracy, without proper safeguards. Look at our election results!…

this is an article from Jan 31st!