Market Structure Insights
May 28, 2014
EDITORIAL NOTE: We’re right now plying the azure waters off Richard Branson’s Necker Island. The following edition of the Market Structure Map ran May 29, 2013, ahead of last year’s NIRI National Conference (if you’re heading to NIRI in Las Vegas this year, don’t miss...
May 21, 2014
It’s time we had The Talk. Candid discussions can be uncomfortable. They broach subjects we prefer to avoid. But we can’t ignore the facts of life. One such fact is Contingent Absolute Return Autocallable Optimization Securities. We’re more comfortable talking about diarrhea, right? Bring them...
May 14, 2014
May 7, 2014
You’ve heard of 99-year leases? Karen’s grandfather has had an exceptional lease on life. We were in Nashville last weekend as he marked the calendar a 99th time. Remarkably, in his lifetime headlines have been made by WWI, inventor Nikola Tesla, the Great Depression (he...
April 30, 2014
There’s a joke software engineers tell. There are 10 kinds of people in the world. Those who can count in binary and those who can’t. Nerd jokes (no offense, technology friends!) are often neither immediately nor apparently funny. But the point is binary understanding, a...
April 23, 2014
“People are getting screwed because they can’t imagine a microsecond.” Well, how about $1 trillion? Can we imagine that? If you want context for the quote, read Michael Lewis’s book, Flash Boys (No. 1 now in NY Times nonfiction). Equally relevant and lost in the...