Learner, consultant, blogger, runner, gardener | @AlphaBetaBlogFR in 🇫🇷 | CFA, CAIA, CIPM | #financiallitteracy #literature #history
Paris, France
Joined February 2009
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Philippe Maupas retweeted
Something pretty wild is happening in the financial world of banking...
Which bank is the largest in the Eurozone? Any sensible mind would say BNP.
But the guys at the ICB have decided that BNP is not a bank anymore...
Which would kick out BNP of all bank indexes!
Philippe Maupas retweeted
Vanguard took in >5x more cash than any other ETF issuer in January. On a net basis they account for 87% YTD flows. When it comes to fund industry market share, bull markets are good for Vgrd but bear markets are great.
Philippe Maupas retweeted
New note out today: Instead of launching the 28th actively mgd "future tech" ETF (zzzz), Goldman should have done an ETF of their "non-profitable tech" basket. It's well known, tracks and has outperformed $ARKK and the name is novel in that it openly ack the risk of the strategy.
Philippe Maupas retweeted
Like ESG, the boom in private markets is driven not by the interests of consumers / society / stakeholders / blah etc, but rather by large chunks of the financial industry having had their once-very substantial lunches eaten by passive providers
Why fund managers like private markets.locked up capital and high fees. Hooray! #didyouknowyousaidthatoutloud?
Philippe Maupas retweeted
Bitcoin returns:
From highs -47%
Last 3 months -18%
YTD +12%
One year +240%
As always to win any argument about the markets just change your start and/or end date
Philippe Maupas retweeted
PLANET OF THE APES: $AMC has traded $300b worth of shares in past 3 wks. That's a) about $30b more than any other stock b) 7x more than what it traded in total from 2013 to 2020 (basically it trades more in a day now that in used to do in 2yrs lol) and c) equiv to GDP of Finland
Philippe Maupas retweeted
Bitcoin-backed junk bonds: bloomberg.com/news/articles/…
Philippe Maupas retweeted
What do you call the point of the cycle where Jeff Skilling can raise money after 12 years in jail for fraud?
Philippe Maupas retweeted
DIAMOND HANDS: $ARKK is down 33% since all-time high on 2/12 yet has taken in close to $2b during that stretch.
Philippe Maupas retweeted
This is impressive. When the new UK ambassador @MennaRawlings takes up her post in Paris soon, Britain will have female ambassadors in Beijing, Berlin, Moscow, Paris, Rome, Washington DC and Tokyo (among many others)
Delighted to be the next UK 🇬🇧 Ambassador to France 🇫🇷, the first woman in this role. Look forward to taking the baton from @EdLlewellynFCDO this summer, and working with the brilliant @UKinFrance team.
Philippe Maupas retweeted
The Godwin’s law of crypto is that every debate will eventually be ended with a jaunty “have fun staying poor!”
Philippe Maupas retweeted
When do we hit peak SPAC?
axios.com/wilbur-ross-larry-…
Philippe Maupas retweeted
NEW: Luxembourg has been a haven for financial crime for decades.
Now, a corporate registry obtained by @LeMondefr, and shared with OCCRP, reveals how global elites used companies in the tiny nation to operate in the shadows.
This is #OpenLux (thread):
occrp.org/en/openlux/
Philippe Maupas retweeted
Remember, fund managers launch new products not because they think they'll make good #Investments but because they know that lots of people will buy them.
Suggest you give this one a very wide berth.
#ETFs #Trading #Investing
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Philippe Maupas retweeted
Much of the $GME narrative is around the idea of the little guy "sticking it to the man." But please let's not forget that the late Jack Bogle created an entire SYSTEM for doing just that. It's called buying (and holding) index funds.
Philippe Maupas retweeted
Shiny Objects had a big month in January. Here's ETF flows broken down by expense ratio. Dirt cheap (under 20bps, which normally takes in over 70% of flows) took in less than half as the 61-80bps lane had biggest month ever w $16b. Half that is ARK, other half is (mostly) themes.
Philippe Maupas retweeted
Wall Street whining (2019): Everyday Americans are undermining the smooth functioning of the markets by buying and holding index funds. Wall Street whining (2021): Everyday Americans are undermining the smooth functioning of the markets by investing too actively.
Philippe Maupas retweeted
Wonder what Kindleberger would make of the stage where you’ve run out of suckers so you force your kids to partake?
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