Annual Returns
What did our stock portfolios return in 2023?
NQ: 20.4%
Q: 19.7%
(acceptable answers: 18 - 22%)
Is the treasury yield curve still inverted from 2 to 10 years?
Yes
3 month: 5.4%
1 year: 4.9%
2 year: 4.4%
10 year: 4.1%
30 year: 4.3%
What happened when the JetBlue acquisition with Spirit airlines failed?
Spirit Airlines immediately dropped 50%
I am an investment fund where I lend debt directly to companies that is not traded on public markets.
What am I?
Private Credit
Risks to owning Bitcoin. List at least 2.
Volatility
No cash flow
Lack of regulation
Longevity risk
What did our bond portfolios return in 2023?
NQ: 6.1%
Q: 6.0%
What is the biggest risk to investors only investing in short-term bonds?
Reinvestment risk
Data since 1926, found that cash yields have declined notably after periods when yield curve was inverted while longer term bonds remained flat.
1 year after inversion, median yield on cash was 1.23% lower and 2 years after it was 2.53% lower.
What investment did Uber recently reveal plans to shut down?
Drizly (alcohol delivery service)
Uber initially bought it for $1.1B 3 years ago
I am an investment fund focusing on early stage companies. These companies are expected to return significant gains or significant losses.
What am I?
Venture Capital
Advantages to owning Bitcoin. At least 2. *think like a crypto bull*
Privacy
Easy transactions
Decentralization
Inflation hedge
Diversification
What are current YTM numbers for Wasmer (as of 12/31/2023)?
ITTE: 3.80%
iSTEFI: 4.15%
STEFI: 4.50%
(acceptable answers 3.8% to 4.5%)
Is the muni bond yield curve inverted from 2 to 10 years?
1 year: 3.05%
2 year: 2.8%
10 year: 2.5%
30 year: 3.6%
What company purchased FitBit for $2.1B in 2021?
Slashed product team and is focusing on developing its own Pixel Watch now
I am an investment fund with multiple layers of fees. I provide access to smaller investors. I invest in many funds and combine them into one offering.
What am I?
Fund of Funds
Annual return?
About 160%
(acceptable answers: 140 - 180%)
What was the dispersion between US large cap value and large cap growth?
Value: 9%
Net: 38%
(acceptable answers: 33 - 43%)
Value still outperforming on 3 year basis (11% versus 8%!!!)
What do traders think the percent of a 0.25% reduction in March is?
50%
(acceptable: 40 - 60%)
Almost a certainty a month ago, but recent stronger than expected US retail sales and inflation data has changed consensus opinion
How much has X (formerly known as Twitter) declined in price since Elon Musk purchased it about one year ago?
Approximately 71% less but since it's a private company estimates range between 55% and 90%
I am an investment fund that uses significant leverage to maximize returns. I earn return from uncertainty in the market from when an acquisition is announced until it is completed.
What am I?
Merger Arbitrage
Has market volatility increased or decreased since Bitcoin ETFs were approved?
Increased
46% to 52%
What was the best performing bond fund? (must be a model position and can be in either Q or NQ accounts)
How much has the yield to maturity on the US Barclays Agg changed since the end of 2020?
3%
(acceptable answer: 2.5 - 3.5%)
12/31/2020 YTM: 1.7%
12/31/2023 YTM: 4.7%
What percent of companies underperform the market within 3 years of their IPO date?
About 2/3
(acceptable range: 60 to 75%)
I am an investment fund seeking to attain a near zero overall exposure to the stock market's alpha. I perform well in volatile or poorly performing markets but typically have a lower expected return.
What am I?
Equity Market Neutral
How many bitcoin ETFs did the SEC approve for trading?
11 ETFs (acceptable answers 8 - 12)
Unique because they all represent the same asset and are virtually identical
Most fees are low between 0.2 and 0.4%