He’s good because he’s not a normie at his core.
I have no idea what this means.
Matt Levine makes sense of Wall Street like none other
41–50 of 199 posts
Re: Matt Levine makes sense of Wall Street like none other
#42Earlier quoted context omitted.
Securities fraud. I have linked it below. There are a few other articles where I am mentioned in passing or via hyperlink. https://www.bloomberg.com/opinion/articles/2017-05-22/fitbit...
Previous discussion: https://news.ycombinator.com/item?id=20927197 > Also forfeiture doesn't account for the fact that you may have paid capital gains tax. I feel like they really shafted me on that one. As someone also charged but not convicted, I learned hypothetically you also don't get to account for expenses if you lose. Meaning you could run a $10 billion gross revenue drug empire, it costs $9.9 billion to run…
Correct. :-(
Re: Matt Levine makes sense of Wall Street like none other
#43I'm surprised that there's only around 150k people (other than me) who read the newsletter. I don't work in finance, always enjoy reading Matt, and often learn. To that end, if you don't subscribe to him and want a sample to consider joining the free newsletter, let me suggest his column "Arbitrage Discovered" from 2015: https://www.bloomberg.com/amp/opinion/articles/2015-02-27/ar...
How does one sign up for his free newsletter?
Re: Matt Levine makes sense of Wall Street like none other
#44I'm surprised that there's only around 150k people (other than me) who read the newsletter. I don't work in finance, always enjoy reading Matt, and often learn. To that end, if you don't subscribe to him and want a sample to consider joining the free newsletter, let me suggest his column "Arbitrage Discovered" from 2015: https://www.bloomberg.com/amp/opinion/articles/2015-02-27/ar...
How does one sign up for his free newsletter?
Re: Matt Levine makes sense of Wall Street like none other
#45Thoughts: -I love reading Matt's stuff. The praise of his writing is totally deserving. -In my daily life there's rarely a topic I come across that I'm unable to understand. In an otherwise boring day full of mundane work tasks, his column gives me intellectual challenges that I really appreciate. -Matt's ability to understand and synthesize topics reflects incredibly highly on his intellect. I don't know anyone on W…
I'm sitting in a large room filled with bloomberg terminals, each costing 2k a month. MoneyStuff isn't monetized much directly, but plays into the larger business plan.
I too would love that podcast.
Re: Matt Levine makes sense of Wall Street like none other
#46Earlier quoted context omitted.
Securities fraud. I have linked it below. There are a few other articles where I am mentioned in passing or via hyperlink. https://www.bloomberg.com/opinion/articles/2017-05-22/fitbit...
Previous discussion: https://news.ycombinator.com/item?id=20927197 > Also forfeiture doesn't account for the fact that you may have paid capital gains tax. I feel like they really shafted me on that one. As someone also charged but not convicted, I learned hypothetically you also don't get to account for expenses if you lose. Meaning you could run a $10 billion gross revenue drug empire, it costs $9.9 billion to run…
If the most you could lose is whatever margin you made, that wouldn't be much of an incentive to not do that in the first place and it would be quite a broken system.
Re: Matt Levine makes sense of Wall Street like none other
#47Earlier quoted context omitted.
Previous discussion: https://news.ycombinator.com/item?id=20927197 > Also forfeiture doesn't account for the fact that you may have paid capital gains tax. I feel like they really shafted me on that one. As someone also charged but not convicted, I learned hypothetically you also don't get to account for expenses if you lose. Meaning you could run a $10 billion gross revenue drug empire, it costs $9.9 billion to run…
If the most you could lose is whatever margin you made, that wouldn't be much of an incentive to not do that in the first place and it would be quite a broken system.
What I wrote about is forfeiture which doesn't include criminal penalties. Most of the American (which I am not) federal press releases I read about have a maximum $250,000 fine per count.
Here is a random press release from justice.gov https://www.justice.gov/opa/pr/six-additional-individuals-in...
>The Sherman Act offense charged carries a statutory maximum penalty of 10 years in prison and a $1 million fine for individuals. The maximum fine may be increased to twice the gain derived from the crime or twice the loss suffered by victims if either amount is greater than $1 million. The false statements offense charged carries a statutory maximum penalty of 5 years imprisonment and a $250,000 fine. The obstruction of justice offense charged carries a statutory maximum penalty of 20 years imprisonment and a $250,000 fine.
These fines are on top of the forfeiture so if the person in this article earned $1 million gross, $100k net they would have to repay on a guilty finding $1 million + say $500k in fines = $1.5m when they only "earned" $100k.
Re: Matt Levine makes sense of Wall Street like none other
#48I'm surprised that there's only around 150k people (other than me) who read the newsletter. I don't work in finance, always enjoy reading Matt, and often learn. To that end, if you don't subscribe to him and want a sample to consider joining the free newsletter, let me suggest his column "Arbitrage Discovered" from 2015: https://www.bloomberg.com/amp/opinion/articles/2015-02-27/ar...
How does one sign up for his free newsletter?
Re: Matt Levine makes sense of Wall Street like none other
#49Earlier quoted context omitted.
This doesn’t count the people who read the newsletter online or on the Bloomberg terminal (where I typically read it). I didn’t even know there was a newsletter till recently.
Oh right, I forget that the people in finance day to day are accessing via the terminal.
You can also access the Bloomberg website and disable javascript and the article will load. Most adblockers have a disable javascript for this page feature