At the end of this year the GBP LIBOR will cease to exist and I spent few months ‘fixing this issue’, i.e. renegotiating trades, at the office. I am mentioning this because the legal story that brought us here, and in particular who got punished and who did not, is Read more
“now you know what’s possible, let me tell you what’s required” In a parallel universe, I would like to think this would be the intro to RetireInProgress monthly update instead of Russillo Life Advice. If you do not know what I am talking about, check out this clip from the Read more
It’s amazing, for me, that after 25 years looking at this stuff I still manage to get surprised when I should not. I read about people that spend millions to buy a jpeg of a rock (and thousands to buy the meme of that rock) and others that will not Read more
Do you like my click-bait attempt? You will hate me even more when you realise this post is basically relevant only to people living in the UK (ok…not exactly…every country in the world incentivise saving and investing via tax reductions in a way or another, there might be some food Read more
There are two categories of people in the world: the ones that love Packy McCormick and the ones that do not know Packy. Howard Marks (I think) said that good stock traders are optimist while good bond traders are pessimist. I happened to to be a bond trader as part Read more
(especially if you do not live in the US) Last week the biggest US tech names reported their Q2/21 results: Tesla, and to a lesser extent Netflix, starting point was low enough that an almost triple-digit growth is still in the realm of possibility but the other names on the Read more
The early days My relationship with the start-up world had some highs and lows. Ten years ago I was dating this girl that had some friends involved in Rocket Internet: in her eyes, it was the chance to join the Silicon Valley in Europe…for me, it was a bunch of Read more
I had to read and re-read the email three times. I then found some confirming tweets: IB is indeed removing the $10 monthly inactivity fee it was charging its poor (with less than $100k balance) clients. In 25 years of trading and countless platforms used, I can count on a Read more
or…The Italian Leather Sofa for the community. Commenting a recent post, Luca suggested me to have a look at The Everest Formula website and…why not! I wish there will be more interaction on this blog, if you post your questions, ideas, remarks in the comment section instead of sending me Read more
A quick peak into the future (while I wait for my boss to approve some trades and then I dash to the gym). If you are interested in factor investing, you probably know that beauty is in the eye of the beholder. What I mean is that calling something Value Read more