Archive for the ‘Wall Street’ Category

Now How Much Would You Pay? Comparing Fund Costs

Now How Much Would You Pay? Comparing Fund Costs

By The Banker | Blog Posts, How Not To Invest, Investing, Texas, Wall Street

A wise man wrote about investing: “performance may come and go, but costs are forever.”[1] Let’s explore a bit how big these cost difference really become for your investment portfolio. As a starting point, do you already have a sense for whether the cost differences between funds you may own are in the hundreds of [&hellip

Audio Interview Peter Kovac Part 2 - Disruption, IEX, Dark Pools, Blowups

Audio Interview Peter Kovac Part 2 – Disruption, IEX, Dark Pools, Blowups

By The Banker | Audio Posts, Investing, Wall Street

Editors Note: I highly recommend consuming this interview in audio form, by clicking the start box above. So much more interesting! Please see interview Part one with Peter Kovac here, on HFT market making front-running and profitability Part 2 of the interview HERE: Michael:          Hi, my name is Michael, and I used to be a [&hellip

Book Review: The Clash of Generations by Scott Burns and Laurence Kotlikoff

Book Review: The Clash of Generations by Scott Burns and Laurence Kotlikoff

By The Banker | Book Reviews, Taxes, Wall Street

Scott Burns and Laurence J. Kotlikoff wrote The Clash of Generations: Saving Ourselves, Our Kids, and Our Economy, thought-provoking and highly readable financial policy book in 2012, featuring four “purple” policy proposals – “purple” meaning meant to appeal to both red and blue sides of the American political spectrum. In the context of a 2016 Presidential contest [&hellip

Audio Interview - Peter Kovac on High Frequency Trading - Market Making, Profits, Front-Running

Audio Interview – Peter Kovac on High Frequency Trading – Market Making, Profits, Front-Running

By The Banker | Audio Posts, Wall Street

I recommend listening to the audio version of this interview…It’s the best part!   Michael:          Hi, my name is Michael, and I used to be a hedge fund manager. Peter:              My name is Peter Kovac, and I’m the author of Flash Boys: Not So Fast. Michael:          Flash Boys: Not So Fast came out recently on [&hellip

High Speed Trading - And DandD Alignments

High Speed Trading – And DandD Alignments

By The Banker | Blog Posts, Investing, Texas, Wall Street

I’m trying to figure out where electronic and high frequency trading firms fit with respect to Alignment, and how I feel about that. Alignment I mean “Alignment” the way a Dungeons and Dragons (D&D) player means it (full disclosure: I’m a Lawful Good Half-Elf Bard in real life. I mean, in the game. I mean, [&hellip