Archive | May, 2012

A Slap in the Facebook

Friday, the long-awaited Facebook IPO was launched, to vast media hoopla. I had the opportunity to comment on the deal, and I wondered aloud how FB, with $1B of profit, could sustain a $104B market capitalization. Facebook is nice, and my kids use it, but I figure it needs to grow at about 41% a […]

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Fixed Cost Coverage Ratio

It’s been a long day with lots of customers interacting with your team and buying many of your products and services. Your staff seemed busy and you felt productive. But did your business actually move forward or backward? Did you win or lose today? Here is the main number you should track every day in […]

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Lighten-Up, It’s The Weekend – Did You Know?

I’m sure most of you have watched one of the Did You Know? videos over the last few years. I remember when I saw the first one. It was at a conference and I was amazed and perplexed. Here’s an updated version for 2012. Share it with ALL your partners and ALL your team. Watch […]

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Post 1800

So, what do I write about at the Aleph Blog?  I write about a lot of things.  That’s a strength, and a weakness.  A weakness, because not everyone cares about a lot of things and if I shift to cover an area that is unusual, readers may not care. It’s a strength, in the same […]

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Ford Lump Sums and the Possibility of Adverse Selection

Leon LaBrecque, JD, CPA, CFP®, CFA, Managing Partner, LJPR, LLC As probably everyone is aware, Ford Motor Company is preparing to offer a series of one-time voluntary lump-sum pension payments to its salaried retirees. The purpose of the lump sum is to reduce Ford’s pension liabilities, under the concept that some retirees will opt for […]

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Lighten-Up, It’s The Weekend – The Vocal Fry

The weekend, time for something off-topic, humorous or even weird. I didn’t even know what you called it. That irritating vocal style (mostly used by women) where every sentence ends in a gravelly vibrato. I notice it being used by young women interviewed on TV and mostly because my husband complains about it and mocks […]

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We Eat Dollar Weighted Returns — IV

I think one of the largest areas for practical investigation in finance is reviewing dollar-weighted versus time weighted returns, especially for vehicles that are traded heavily.  I am going to try to analyze one major ETF per month to see what the level of slippage is due to trading. But if my hypothesis is wrong, […]

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