fitchjo

One other clarification for you, many floating-rate lending agreements actually allow for the borrower to select between the Fed rate and LIBOR throughout the term of the agreement. As I understand, the prevalence of LIBOR in US contracts at least somewhat coincided with the increased globalization of US business as, from a risk management perspective, sometimes you may want the interest rate on your borrowings to reflect a different economic sentiment than just the US. Clearly, once LIBOR started being manipulated by the bankers, it no longer accurately reflected the market it was supposed to represent, but its not always about having the most "accurate" rate, but aligning/managing your risk appropriately.

If you are assuming a 25 - 35 year old, you must be very risk averse as 30% is pretty high for such a young person to have in bonds.

All the average investor needs to know how to do is sell their shares and in four simple steps the media person/short seller makes their money:

1. Media person shorts stock

2. Media person tells viewers stock is worthless

3. Viewers holding stock get nervous, sell shares

4. Stock price goes down, media person cashes in.

I do think it is a bit unfair to say they need to hold their investments in a blind trust, but definitely agree that disclosures about their positions should clear and abundant.

Considering the aging truck force[1], the impact of automated trucks may not be as big of an impact as what most are estimating.

[1] https://blog.transplace.com/2015/02/an-aging-truck-driver-wo...

According to Merriam-Webster[1], racism is defined as one of the following:

1. a belief that race is the primary determinant of human traits and capacities and that racial differences produce an inherent superiority of a particular race

2.a. a doctrine or political program based on the assumption of racism and designed to execute its principles

2.b. a political or social system founded on racism

3. racial prejudice or discrimination

As far as your comment you are simply "protecting oneself from populations with, on average, markedly higher violent crime rates than other populations," if that population is defined by race, you are being racist unless there is some newly published study I have yet to hear about that "blacks love crime."

[1] http://www.merriam-webster.com/dictionary/racism

It is not a book, but Matt Levine is the way I get my daily finance news. He is fantastic.

I (hopefully) see what you did there :)

Thanks for the constructive criticism, gents. Cheerio!

Just want to point out that in many industries a revenue multiple of less than 1.0 is expected [1], such that generating greater than $15 billion in revenue does not automatically result in a company worth $15 billion. That being said, FB's net assets are $50 billion (and it's market cap is much, much (holy cow it's alot) higher), so clearly those that got in at a $15 billion valuation are very happy right now.

[1] http://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/...

Just to clarify, the main reason that the "Coca-Cola" tradename is not a recognized asset is because it was generated by the Company and not purchased, not because of how difficult it is to value. I agree that accounting is very different than it was ten years ago, but I think that has more to do with SOX and the increased requirements related to financial controls. The FASB (accounting rule-making body) has tried to improve the disclosures for those items that are difficult to value, but the subjectivity of these valuations will continue to exist for the foreseeable future.

I would be shocked if this did not get reversed upon appeal for that very issue - the precedent that would be set by this would wreck havoc on the market.

So you are saying those that are seeking a partner/significant other are doing so because they crave validation? Not sure I really understand your thought process.

Reminds me of the joke that if a forest firefighter woke up in the middle of the night and saw his house was on fire, he would go light his neighbor's house on fire to fight it.

I would say normally when you are using monetary value as an adjective for a company, you are describing how much it is worth, not in relation to revenues. Most companies do tend to have Revenue/EV multiples greater than 1.0, so more times than not, that would be correct. However, I would not say that would always be the case.

Actually, at least for the US, fines paid to governmental agencies are generally non-deductible and so DB will take the full brunt of the fine to the bottom line.

Not sure how that has anything to do with passing the cost onto the consumer. If, for instance, the processing fee increased to 10% across the board, you would see an increase in prices to cover that expense. It will certainly not be instantaneous and may not ultimately ever cover the full increase in cost, but Company's cannot make a profit without passing on their costs to the consumer.