The Cuba Libre (Rum and Coke) became the symbol of Cuban independence during the Spanish-American war. What will symbolise the take-no-prisoners war about to erupt between Facebook and the world’s Central Banks over Libra? I recently attended a meeting of senior Central Bank and Academic researchers in Singapore. The discussion quickly focused on the effectiveness […]
There is less than 2 hours until voting finishes in the Australian federal election. My money v mischief theory is difficult to determine a winner. The Labor party is a clear leader in the money category, promising everybody everything…but my suspicion is that mischief will decide this election… The current global trend is to protest […]
http://www.firstdegree.asia/wp-content/uploads/2018/04/logo.png00Stephenhttp://www.firstdegree.asia/wp-content/uploads/2018/04/logo.pngStephen2019-05-18 06:35:342019-05-18 06:35:34Money v mischief in the Australian election
“The diplomatic cable from Beijing arrived in Washington late on Friday night, with systematic edits to a nearly 150-page draft trade agreement that would blow up months of negotiations between the world’s two largest economies… …Changing any law in China requires a unique set of processes that can’t be navigated quickly, said a Chinese official […]
http://www.firstdegree.asia/wp-content/uploads/2018/04/logo.png00Stephenhttp://www.firstdegree.asia/wp-content/uploads/2018/04/logo.pngStephen2019-05-13 03:01:472019-05-13 03:01:47Sino-US Trade War: Won in translation?
The recent transition of a slew of high profile tech companies from private to publicly listed corporations has reinstated the valuation premium that public companies hold over private ones. Spotify, Lyft, Pinterest, Zoom and soon to be listed Uber clearly show that public markets still dominate private ones when it comes to valuation. The Private-is-the-New-Public […]
http://www.firstdegree.asia/wp-content/uploads/2018/04/logo.png00Stephenhttp://www.firstdegree.asia/wp-content/uploads/2018/04/logo.pngStephen2019-04-22 00:51:382019-04-22 03:34:55Private is now the New New-Private not the Newish Public
Last Thursday evening, First Degree hosted a Launch Party for our manager platform. Everyone was having such a pleasant time that we decided against puncturing the enjoyment with a boring speech… …for those of you who are curious about what I would have said, here it is! Do you like what you read? Then subscribe […]
The Great Wall of China took several thousand years to build and was primarily a method for stopping Mongolian invaders from expanding into China. As a piece of military technology it dominated all-comers however it was rendered entirely useless with the advent of the flying machine. The 20th Century was not a good one for […]
One of the early contributions of Modern Finance was questioning the wisdom of active investment management. The empirical evidence indicated that active managers underperform passive strategies. While a finer analysis of the data subsequently demonstrated that some active managers are able to consistently outperform static benchmarks, the general principle that passive outperforms active remains, particularly […]
http://www.firstdegree.asia/wp-content/uploads/2018/04/logo.png00Stephenhttp://www.firstdegree.asia/wp-content/uploads/2018/04/logo.pngStephen2018-11-02 01:43:002018-11-02 01:43:00Private v Public is the new Active v Passive ...plus Our US Election Prediction Special
Here’s a riddle. If the solution to market-breakdown is regulation, what is the solution to non-market breakdown? If ever there was a demonstration of the inability of Government to plan, decide and execute a simple instruction it is Brexit. The UK referendum instructed the Government to leave the EU cartel. The rights and obligations that […]
“You can’t always get what you want, but if you try real hard, you can get what you need.” The Rolling Stones The Blockchain might want to be able to function autonomously and anonymously, but it can’t always get what it wants. The distributed ledger Blockchain technology is a decentralised method for recording ownership […]
http://www.firstdegree.asia/wp-content/uploads/2018/04/logo.png00Stephenhttp://www.firstdegree.asia/wp-content/uploads/2018/04/logo.pngStephen2018-08-30 07:52:432018-09-16 01:58:07PoW, PoS or what for the Blockchain?
The US- China trade war is a short-term phenomena that will correct itself despite the warnings of some. The pessimists cite the classic Prisoner’s Dilemma model as the reason a trade war will have long-term consequences. This is wrong… In the Prisoners Dilemma, two felons are confined separately and interrogated. They are offered the choice […]
http://www.firstdegree.asia/wp-content/uploads/2018/04/logo.png00Stephenhttp://www.firstdegree.asia/wp-content/uploads/2018/04/logo.pngStephen2018-07-20 06:21:562018-09-16 01:58:45The US-China trade war 'Punch and Judy show' is about to end
CB Libre
/0 Comments/in Uncategorized /by StephenThe Cuba Libre (Rum and Coke) became the symbol of Cuban independence during the Spanish-American war. What will symbolise the take-no-prisoners war about to erupt between Facebook and the world’s Central Banks over Libra? I recently attended a meeting of senior Central Bank and Academic researchers in Singapore. The discussion quickly focused on the effectiveness […]
Money v mischief in the Australian election
/0 Comments/in Uncategorized /by StephenThere is less than 2 hours until voting finishes in the Australian federal election. My money v mischief theory is difficult to determine a winner. The Labor party is a clear leader in the money category, promising everybody everything…but my suspicion is that mischief will decide this election… The current global trend is to protest […]
Sino-US Trade War: Won in translation?
/0 Comments/in the first degree view /by Stephen“The diplomatic cable from Beijing arrived in Washington late on Friday night, with systematic edits to a nearly 150-page draft trade agreement that would blow up months of negotiations between the world’s two largest economies… …Changing any law in China requires a unique set of processes that can’t be navigated quickly, said a Chinese official […]
Private is now the New New-Private not the Newish Public
/0 Comments/in the first degree view, Uncategorized /by StephenThe recent transition of a slew of high profile tech companies from private to publicly listed corporations has reinstated the valuation premium that public companies hold over private ones. Spotify, Lyft, Pinterest, Zoom and soon to be listed Uber clearly show that public markets still dominate private ones when it comes to valuation. The Private-is-the-New-Public […]
The speech
/0 Comments/in Uncategorized /by StephenLast Thursday evening, First Degree hosted a Launch Party for our manager platform. Everyone was having such a pleasant time that we decided against puncturing the enjoyment with a boring speech… …for those of you who are curious about what I would have said, here it is! Do you like what you read? Then subscribe […]
Walls
/0 Comments/in Uncategorized /by StephenThe Great Wall of China took several thousand years to build and was primarily a method for stopping Mongolian invaders from expanding into China. As a piece of military technology it dominated all-comers however it was rendered entirely useless with the advent of the flying machine. The 20th Century was not a good one for […]
Private v Public is the new Active v Passive …plus Our US Election Prediction Special
/0 Comments/in Uncategorized /by StephenOne of the early contributions of Modern Finance was questioning the wisdom of active investment management. The empirical evidence indicated that active managers underperform passive strategies. While a finer analysis of the data subsequently demonstrated that some active managers are able to consistently outperform static benchmarks, the general principle that passive outperforms active remains, particularly […]
Brexit: non-market breakdown…
/0 Comments/in Uncategorized /by StephenHere’s a riddle. If the solution to market-breakdown is regulation, what is the solution to non-market breakdown? If ever there was a demonstration of the inability of Government to plan, decide and execute a simple instruction it is Brexit. The UK referendum instructed the Government to leave the EU cartel. The rights and obligations that […]
PoW, PoS or what for the Blockchain?
/0 Comments/in Uncategorized /by Stephen“You can’t always get what you want, but if you try real hard, you can get what you need.” The Rolling Stones The Blockchain might want to be able to function autonomously and anonymously, but it can’t always get what it wants. The distributed ledger Blockchain technology is a decentralised method for recording ownership […]
The US-China trade war ‘Punch and Judy show’ is about to end
/0 Comments/in Uncategorized /by StephenThe US- China trade war is a short-term phenomena that will correct itself despite the warnings of some. The pessimists cite the classic Prisoner’s Dilemma model as the reason a trade war will have long-term consequences. This is wrong… In the Prisoners Dilemma, two felons are confined separately and interrogated. They are offered the choice […]