Viewing profile — jrehor

There is a bit of nuance to the cashflow. That $100 bn cashflow was used for something else before AI: mostly share repurchases and M&A. Now it's being redirected to capex. That re…

Andreas Antonopoulos' books Mastering Bitcoin and Mastering Ethereum are fantastic. I'd recommend starting with those to get a good handle on the basics.

There are two failure modes of this strategy. 1. New information comes to light, the stock crashes, and you realize you were wrong and the stock is a dog. You no longer want to own…

We did a half ass job. Everybody outside of East Asia did a half ass job or less.

Warning: etymonline.org goes to a sketchy black hole. The correct URL is etymonline.com

The US has too much retail space. Per capita, it has 5x as much as Europe (23.5 sq ft in the US vs 3-4 sq ft in most European countries) and 8-10x as much as Asia (2-3 sq ft). We m…

In that vein, I recommend "The Search for General Ts'o", a documentary about Chinese food in America. It's quite funny and launched me on a quest for the best General Ts'o recipe. …

The Karowe mine is unusual in its high proportion of large diamonds. The only similar mine is Letseng in Lesotho. Both Karowe and Letseng have very low grade ore (in terms of carat…

Reading this must make China feel they made the right decision in banning Facebook. Not that they care about liberal v. conservative, but having their population manipulated by a c…

Futures on FTSE China A50 index trade on Singapore Excbange and are available to US investors via Interactive Brokers (ticker XINA50). They are quite liquid. Have fun!

It is possible that a block would be sold within 350ms, but how likely is it? That's a function of block size. If you have 100 shares, you'll get it done 100% of the time. 1,000 sh…

I don't understand this article at all. The pension fund uses block trades. Who takes the other side of those trades and how are they compensated? I suspect that an equity desk tak…

I bought a low-end Mac mini last year, upgraded it with 16 GB memory from Crucial, installed a Samsung SSD with Fusion Drive and bingo: reasonably fast desktop system for less than…