#finance
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Satoshi Nakamoto drew from the history of cryptocurrencies since David Chaum’s seminal blinding formula in the 1980s. He postulated that the flaw with existing approaches to cryptocurrencies was that a single powerful attacker could undermine and destroy the system. In order to to defeat the powerful attacker, Satoshi decentralised the control of the cryptocurrency over an…
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Here’s a picture of the three envelopes I received in the mail from PNC yesterday: If you can’t tell from the small picture, one envelope says I qualify for an introductory APR of 0.99%, another says 1.99%, and a third was blank on the cover, but opening it revealed a surprise – only 4.99%! Last…
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Image via CrunchBase Sodhani’s multi-billion dollar investments include major positions in Clearwire (recently announced) and over 400 other early stage startups. Below is a brief excerpt from the interview: Interview with Arvind Sodhani: Intel Capital isn’t backing off on venture » VentureBeat VB: How is the downturn changing what Intel Capital does? AS: Not much…
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Image by eirikso via Flickr Nassim Taleb was on Charlie Rose this past Wednesday, and I just got around watching the interview. I wish Charlie had scheduled Taleb for the entire hour. Last week I wrote about the current financial crisis being an opportunity to learn about how financial markets function, and I referred to…
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Image via Wikipedia Yesterday I posted about how the current financial crisis was an opportunity to learn about how the global financial markets function. Another great resource for digging deeper is Charlie Rose‘s show on PBS. Last night he had Citibank CEO Vikram Pandit on for the hour. As one would expect from a CEO…
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Image by LunaDiRimmel via Flickr Over the last few months, we’ve seen a roller coaster ride of unequaled magnitude in the financial markets. Having been in the institutional banking world myself, I’ve had many friends and colleagues ask me if I can make sense of what is going on out there. Many are just worn…
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Vanity Fair is running a lengthy piece on the events leading to the collapse of Bear Sterns. It’s worth reading: Bringing Down Bear Stearns: Politics & Power: vanityfair.com On Monday, March 10, the rumor started: Bear Stearns was having liquidity problems. In fact, the maverick investment bank had around $18 billion in cash reserves. But…
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Image via Wikipedia While I was in New York City a few weeks back, I had a book handed to me by my cousin Vinit Sethi. It was a newly released book, penned by David Einhorn, the founder of Greenlight Capital, where Vinit is also a partner. It was quite a read. Fooling Some of…
nitin badjatia 