venerdì 20 ottobre 2017

Letture per il week-end

Bitcoin
Hedge funds
The US bull market - How it ends (presentazione di Oppenheimer)

Junk bonds’ risk-return profile has been permanently damaged 
 

Asset prices are high across the board. Is it time to worry? 
 

The Signal and the Silence - When is prediction useful—and when is it dangerous? 
 

How valuable is a unicorn? 
Probabilmente la metà di quello che si sente in giro

“One of the many ways that some companies inflate their valuations, for instance, is by offering certain investors guaranteed valuations in an initial public offering. In other words, if a company doesn’t reach a certain valuation at the time of an I.P.O., it will issue the investor more shares to make up the difference between the guaranteed price and the one that was attained. Effectively, all the other common shareholders end up paying the difference — and often don’t know it.”
[Il paper citato nell’articolo è disponibile qui]

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