"There are three ways to make a living in this business: be first, be smarter, or cheat." Margin Call is a 2011 American independent movie, which takes place over a 24-hour period at a large Wall Street investment bank during the early stages of the financial crisis of 2007/2008. The film focuses in particular on … Continue reading Margin Call
What you think money is? Money is just an accounting system, a way of recording who owns what, who has what, who owes what to whom. In this system you need a third part that stand and guarantee that the money was real. For thousands of years, that figure was the government. Bitcoin is just … Continue reading Bitcoins: how do they work?
The Wizard of Lies is a 2017 American television movie, based on the non-fiction book of the same name by Diana B. Henriques. The movie stars Robert De Niro as famous businessman and fraudster Bernard Madoff and Michelle Pfeiffer as his wife Ruth Madoff. The movie, nominated for 2 Golden Globes, tells the real story … Continue reading The Wizard of Lies
A mutual fund is a professionally-managed investment vehicle, made up of a pool of money collected from many investors for the purpose of investing in securities such as stocks, bonds, derivatives and other assets. Mutual funds are usually operated by professional money managers, who allocate the fund's investments and attempt to produce profits for the fund's investors. Mutual funds are divided into "units", which are similar … Continue reading What is a mutual fund?
Warren Edward Buffett (1930-alive), also known as the "Oracle of Omaha", is an American businessman, investor and philanthropist, famous for being the chairman and CEO of financial conglomerate Berkshire Hathaway and considered to be one of the most successful and well-respected investors in the world. Moreover, Buffett is also one of the wealthiest people in … Continue reading Warren Buffett
A stock exchange or stock market is the physical or virtual place where the issuing and trading of shares takes place. The stock market is one of the most important components of an economy, as it provides companies with capital in exchange for giving investors partial ownership of the firm. Stock markets can be split into two … Continue reading What is a stock exchange?
In the 1980s, Michael Milken was known in Wall Street as the "The Junk Bond King". A junk bond, also called a high-yield bond, is a corporate debt instrument that has a high probability of default, but provides a potential high rate of return. Milken, who worked at investment bank Drexel Burnham Lambert, was by far … Continue reading The collapse of Drexel Burnham Lambert: a story of insider trading and greed