The Trader's Toolkit
The difference between the buy (offer) and sell (bid) prices quoted for an asset.
What is a spread?
The reigning leader of this country has effectively secured a third presidential term. His prize: a $16 trillion economy in a vulnerable state, dependent on American technology and facing a demographic crisis
What is China?
These two companies terminated their deals with Kanye West over antisemitic remarks.
What are Gap and Adidas?
Pershing Square Capital Management
Who is Bill Ackman?
A scatterplot or residual plot shows this if the scatter in vertical slices through the plot does not depend much on where you take the slice.
What is Homoscedasticity?
One hundredth of one percent; used chiefly in expressing differences of interest rates.
What is a Basis Point or “Bip”?
The Biden administration is preparing to scale down sanctions on this country’s authoritarian regime to allow Chevron Corp. to resume pumping oil there.
What is Venezuela?
One of the largest in the world by revenue, this company was the title sponsor of the 2022 Formula One US Grand Prix.
What is Saudi Aramco?
A venture capitalist, engineer, and the CEO of Social Capital, he was an early senior executive at Meta (formerly Facebook), and is also a non-professional investor
Who is Chamath Palihapitiya?
In statistical inference, this is an estimate of an interval in which a future observation will fall, with a certain probability, given what has already been observed.
What is a prediction interval?
A type of brokerage account in which the broker-dealer lends the investor cash, using the account as collateral, to purchase securities.
What is a margin account?
This country was the leading exporter of palm oil in 2021, with an export value of about 26.7 billion U.S. dollars.
What is Indonesia?
In 2013, Bill Ackman got into an unforgettable smackdown over this company with Carl Icahn on live TV. While Ackman was doing an interview with CNBC, Icahn called in to the show and blasted Ackman as a "liar" and a "crybaby".
What is Herbalife?
Wrote two of the most famous books on investing, Securities Analysis with David Dodd and The Intelligent Investor.
Who is Benjamin Graham?
A statistical phenomenon where an association between two variables in a population emerges, disappears, or reverses when the population is divided into subpopulations.
What is Simpson's Paradox?
The inputs for the Black-Scholes equation are volatility, the price of the underlying asset, the strike price of the option, the time until expiration of the option, and this.
What is the risk-free interest rate?
This country’s finance minister, Nureddin Nebati, defended its economic ties with Russia as “good neighbourly relations” even as western governments raise concerns that the country is serving as a backdoor for Moscow to evade sanctions.
What is Turkey?
Holiday Inn, Staybridge Suites, are brands owned by this British multinational hospitality company.
InterContinental Hotels Group Inc.
A master at translating broad-brush economic trends into highly leveraged, killer plays in bonds and currencies; founded the Quantum Fund.
Who is George Soros?
Consider a sequence of independent trials with the same probability p of success in each trial. The number of trials up to and including the rth success has this distribution with parameters n and r.
What is the Negative Binomial?
Based on the repeat-sales pricing technique developed in the 1980s, this index measures the change in value of U.S. single-family homes on a monthly basis
What is the Case-Shiller Index?
This country’s currency slumped 2.7% Monday with all eyes on its own presidential run-off over the weekend (while most other emerging market currencies deepened losses amid volatility after Rishi Sunak was set to become the UK's new prime minister).
What is Brazil?
The largest airline world by number of countries served.
What is Turkish Airlines?
During the Great Depression, he famously bought 100 shares of each company listed on the New York Stock Exchange that traded for less than $1.
Who is John Templeton?
If a random variable X must be nonnegative, the chance that X exceeds any given constant a>0 is no larger than the expected value of X, divided by a.
What is Markov's Inequality?