The 10th Man, May 2018

Wall Street Fired Too Many People

May 31, 2018

Everyone knows that Toys “R” Us went bankrupt. Very sad. And largely preventable (we will save the private equity conniption for another week).

When Rates Go Up, Stuff Blows Up

May 24, 2018

I’ve said the title of this issue a few times before in The 10th Man. When rates go up sharply, stuff blows up, because lots of people are negatively exposed to higher rates.

The Liquidity Problem

May 10, 2018

Individual investors generally don’t think about liquidity. You send a market order for 200 shares of something, it gets filled instantaneously, no problem.

The Taxi Driver

May 3, 2018

I read a study once that showed that cab drivers usually go home at the end of their shift. Given the opportunity to keep driving and make more money, they almost never do. Once they put their 8 hours in, they are done and they go home.