Terms
Items that you own that can provide future benefit to your business
Assets
Current ratio =
Current Assets / Current Liabilities
AAPL
Apple
This individual cofounded Tesla, SpaceX, OpenAI, and Neuralink
Elon Musk
This individual is Canadian
Grace Matichuk
Refers to the difference between current assets and current liabilities
Working Capital
Return on Equity =
Net Income / Shareholder's Equity x 100
MRNA
Moderna
This individual is currently the CEO of OpenAI. They were briefly ousted by OpenAI's board in late 2023 due to alleged governance issues but were reinstated in early 2024 following widespread employee backlash and external support
Sam Altman
This individual paid for their first semester of college entirely with money they made from making moonshine (legally)
Carter Hall
A measure of the active return on an investment. It is used to indicate when a strategy, trader, or PM has managed to beat the market return or other benchmark over some period
Alpha
What is the formula?
Capital Asset Pricing Model (CAPM)
ERi = Rf + Bi (ERm – Rf)
MA
Mastercard
This individual stopped DJing in 2023. They've performed at many high-profile events, including Lollapalooza, Tiki bars in the Bahamas, and an event in the Hamptons near New York. This individual's nickname is DJ Sol
David Solomon
This individual identifies as the long lost Minnesotan
Josh Roise
Financial instruments whose value is derived from an underlying asset, index, or rate, such as options, futures, or swaps
Derivatives
Weighted Average Cost of Capital (WACC) =
(E/E+D) x Ce + (D/E+D) x Cd x (1-Tc)
DPZ
Dominos Pizza
This individual is the founder of Renaissance Technologies, and they used quantitative models and algorithmic trading to achieve an average annual return of 66% with the Medallion Fund
Jim Simons
This individual watched Phantom of the Opera for the first time in 6th grade
Promise Chieka
The rate at which the value of an options contract declines as it approaches its expiration date, representing the "time decay" factor
Theta Decay
Unlevered free cash flow (UFCF) =
EBIT × (1−Tax Rate) + Depreciation & Amortization − Change in Working Capital − Capital Expenditures (CapEx)
D
Dominion Energy
This individual served as the CEO of Chipotle from 2018 until recently, and as of September this year, has taken on the role of CEO at Starbucks
Brian Niccol
This individual's top artist on Spotify was Sabrina Carpenter
Ian Samuel