Musings on Markets

NOVEMBER 15, 2022

In the second post, I pointed to inconsistencies in how accountants classify operating, capital and financing expenses , and the consequences for reported accounting numbers. Facebook, I argued, is a corporate autocracy, with Mark Zuckerberg at its helm.

Start-ups 90

Start-ups Marketability Market Capitalization Technology 90

Reynolds Holding

MAY 18, 2022

For example, debt capital markets account for 80 percent of financing for non-financial corporations in the U.S. We are the destination of choice for companies seeking to raise money in both public and private markets. New financial technologies and business models continue to change the face of finance for investors and issuers.

Marketability 59

Marketability Finance Corporate Finance Technology 59

Musings on Markets

DECEMBER 21, 2022

Each year, ahead of teaching my classes at NYU's Stern School of Business in the spring, I invite readers to accompany me on my journey, and this year is no different. Link to accounting class Just as a note of warning, this is my quirky version of accounting, and I don’t follow the accounting script in this class.

Corporate Finance 89

Corporate Finance Finance Start-ups Marketability 89

Brian DeChesare

MAY 11, 2022

But unlike other controversial topics – crypto, the CFA, or social media censorship – this one rarely generates long-running online arguments. If the answer is “to make more money” or “to do something more exciting,” there are more feasible ways to achieve these goals. There are few topics as heated as age and investment banking.

Banking 98

Banking Start-ups Finance Private Equity Firm 98

Reynolds Holding

MARCH 24, 2024

The basic bargain that President Franklin Roosevelt and Congress laid out 90 years ago was that investors get to decide which risks to take so long as those companies raising money from the public make what Roosevelt called, “complete and truthful disclosure.” Technology, business models, and risks, however, do change. 7] See Louis D.

Marketability 45

Marketability Market Risk Compliance Start-ups 45

Brian DeChesare

DECEMBER 21, 2022

Just look at the financial markets, the crypto meltdown, deal volume at banks, inflation, energy prices, Russia/Ukraine, supply chains, and the hiring environment in tech and finance. All these factors resulted in one of my worst years in terms of both business performance and portfolio performance….

Banking 80

Banking Start-ups Finance EBITDA 80

Reynolds Holding

MAY 23, 2023

banking has always been a risky business. The guaranty was originally for up to $2,500 per eligible account – an amount quickly raised to $5,000 or about $112,000 in today’s dollars – and subsequently raised six times over the years to the current $250,000 limit. Depositors lost everything every time a bank failed.

Banking 52

Banking Equity Start-ups Finance 52

Musings on Markets

JANUARY 8, 2022

Not surprisingly, Moneyball has found its way into business and investing as well. After all, we get our restaurant choices from Yelp reviews, our movie recommendations from Rotten Tomatoes, and we have even built crypto currencies around the notion of crowd-checking transactions. Don't get me wrong!

Risk Premium 91

Risk Premium Start-ups Market Capitalization Corporate Finance 91

Musings on Markets

JANUARY 9, 2021

Data: A Pragmatist View We live in the age of data worship, where investors, analysts and businesses all seem to have bought into the idea that big data has answers for every question and that collecting the data (or paying for it) will create positive payoffs. If there is a hole in my sample, it is the absence of privately owned businesses.

Risk Premium 52

Risk Premium Market Capitalization Equity Start-ups 52

Simply Treasury

JUNE 3, 2021

After the COVID crisis, many businesses were under pressure and face liquidity problems. Contrary to the recent excitement for Bitcoins, crypto currencies do not seem to be a priority for treasurers. However, amazingly, the funding issue is not included in the top 6 priorities. We could have expected this issue higher ranked.

Treasury 52

Treasury Technology Banking Finance 52

Musings on Markets

FEBRUARY 10, 2021

What is a hurdle rate for a business? There are multiple definitions that you will see offered, from it being the cost of raising capital for that business to an opportunity cost , i.e., a return that you can make investing elsewhere, to a required return for investors in that business. What is a hurdle rate?

Risk-free Rate 52

Risk-free Rate Risk Premium Start-ups Equity 52

Musings on Markets

MARCH 19, 2022

Consequently, I will concentrate this post on how this crisis is playing out in markets, and the effects it has had, so far, on businesses and investments, and whether these effects are likely to be transient or permanent. Ukraine is also primarily a natural resource producer, especially iron ore, albeit on a smaller scale.

Start-ups 100

Start-ups Risk Premium Equity Market Capitalization 100

Reynolds Holding

JULY 26, 2022

They work tirelessly day in and day out to hold those who violate our securities laws accountable, return money to harmed investors, and protect the fairness and competitiveness of our capital markets. The SEC also recently announced the allocation of 20 additional positions to our Crypto Assets and Cyber Unit. [6]

Compliance 45

Compliance Marketability Technology Banking 45

Reynolds Holding

NOVEMBER 15, 2022

Money ordered in SEC actions, comprising civil penalties, disgorgement, and pre-judgment interest, totaled $6.439 billion, the most on record in SEC history and up from $3.852 billion in fiscal year 2021. Of the total money ordered, civil penalties, at $4.194 billion, were also the highest on record. .” We expect compliance.”.

Compliance 45

Compliance Marketability Technology Alpha 45

Reynolds Holding

JANUARY 25, 2023

For example, debt capital markets account for 80 percent of financing for non-financial corporations in the United States. New financial technologies continue to change the face of finance for investors and businesses. Global markets are inextricably linked, with money flowing between them in microseconds. capital markets.

Technology 59

Technology Marketability Data Analysis Equity 59

Reynolds Holding

FEBRUARY 23, 2023

The title of today’s symposium includes both corporate crime and individual accountability. Collectively, these cases exemplify our comprehensive approach to not only holding culpable individuals accountable, but also pursuing corporate resolutions with institutions whose liability is derivative of those individuals.

Compliance 45

Compliance Marketability Start-ups Banking 45

Musings on Markets

MAY 24, 2021

The second is that words are cheap, and those providing the surveyed numbers have no money riding on their own predictions. Inflation, at its core, is a monetary phenomenon, created by too much money chasing too few goods. For pure monetarists, all else is noise, and expansive money supply will see inflation in the aftermath.

Treasury 55

Treasury Start-ups Risk Premium Price to Book 55

Reynolds Holding

MAY 16, 2022

Ordinarily at an event like this one, I’d speak about all the ways in which we are working to protect investors, including our increased focus on the private fund space, the additional resources we’ve committed to our Crypto Assets and Cyber Unit, and other enforcement priorities. customer account and trading data.

Marketability 45

Marketability Compliance 45

Reynolds Holding

OCTOBER 5, 2022

SPAC and crypto-related filings continue to be a focus of plaintiffs’ attorneys, even as the nature of these suits continues to evolve. 1988), and the deferential business judgment rule. A. Filing Trends. Figure 1 below reflects the semi-annual filing rates dating back to 2013 (all charts courtesy of Cornerstone Research).

Start-ups 72

Start-ups Marketability Equity Compliance 72

Reynolds Holding

MARCH 27, 2023

In notable contrast to prior years, however, the number of crypto unregistered securities cases increased considerably, from just one in 2021 to 16 in 2022. Filings By Industry Sector As shown in Figure 2 below, the distribution of non-merger objection and non-crypto unregistered securities filings in 2022 was largely consistent with 2021.

Technology 59

Technology Start-ups Compliance Finance 59