Your world at 9am
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Out of 43 world ETFs listed in NYSE that we track, 8 are trading above their 10-day SMA and 5 are trading above their 50-day SMA.
The professor who beat roulette
On a warm night in May of 1969, a throng of awestruck gamblers crowded around a well-worn roulette table in the Italian Riviera. At the center stood a gangly 38-year-old medical professor in a rumpled suit. He’d just placed a $100,000 bet ($715,000 in 2019 dollars) on a single spin of the wheel.
Trai weighs same rules for OTT communication apps as TSPs
NEW DELHI: The Telecom Regulatory Authority of India (Trai) is looking at the possibility of bringing over-the-top (OTT) digital communication services that provide same or similar services as telecom service providers (TSPs) under the same licensing or regulatory norms that are applicable to the la
Patsy in the Game
“As they say in poker, “If you’ve been in the game 30 minutes and you don’t know who the patsy is, you’re the patsy.”” — Warren Buffett The dictionary defines a “patsy” as someone who is “easily taken advantage of, especially by being cheated or blamed for something.
ETF Insight: ETF providers seek opportunities in dying hedge fund industry
Hedge fund managers were once said to be the masters of the universe. Private jets, pin-striped suits, and Patek Phillipes – they looked ten feet tall and bulletproof. Pension funds and endowments would beg them to take their money.
The future as flow?
Technology has a way of making radical change feel matter-of-factly incremental. The arrival of the digital world has enhanced our capabilities in ways that are profound, but this dramatic change is consumed as if it were the most natural thing in the world.
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