Archive for January, 2016


First time I heard about paraprosdokians, I liked them. Paraprosdokians are figures of speech in which the latter part of a sentence or phrase is surprising or unexpected and is frequently humorous. (Winston Churchill loved them).

  1. Where there’s a will, I want to be in it
  2. The last thing I want to do is hurt you … but it’s still on my list.

  3. Since light travels faster than sound, some people appear bright until you hear them speak.

  4. If I agreed with you, we’d both be wrong.

  5. We never really grow up — we only learn how to act in public.

  6. War does not determine who is right, only who is left.

  7. Knowledge is knowing a tomato is a fruit. Wisdom is not putting it in a fruit salad.

  8. To steal ideas from one person is plagiarism. To steal from many is research. Continue reading

In 2015, several large banks began selling billions in something called a “bespoke tranche Opportunity”   this is just

Left to right: Steve Carell plays Mark Baum and Ryan Gosling plays Jared Vennett in The Big Short from Paramount Pictures and Regency Enterprises

another name for CDO as quoted by Bloomberg.

A bundle of mortgage-backed securities. Yes, a bundle of bundles of mortgages. There were also “CDO Squared,” which were bundles of bundles of bundles of mortgages. As you would imagine, these got so complicated that nobody really understood what the underlying value of these were. Yet in many cases they were still rated as very safe investments.

Recalling the subprime and global crisis of 2008 unwinding Credit Default Swaps, Bonds and Basis Trade, 

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