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    Monday, March 1, 2021

    Business Vanguard and BlackRock uncovered as largest investors in coal industry

    Business Vanguard and BlackRock uncovered as largest investors in coal industry


    Vanguard and BlackRock uncovered as largest investors in coal industry

    Posted: 28 Feb 2021 04:30 PM PST

    'We’re happier, calmer': why young adults are moving out of big cities, « I think there will be a massive boom of 20- to 40-year-olds moving in the next few years. Thanks to remote working, cities aren’t where it has to be at any more. »

    Posted: 28 Feb 2021 03:57 AM PST

    Warren Buffett says ‘never bet against America’ in letter trumpeting Berkshire’s U.S.-based assets

    Posted: 28 Feb 2021 11:27 AM PST

    A Chicago Weed Worker Explains Why He and His Coworkers Are Unionizing

    Posted: 28 Feb 2021 06:19 AM PST

    Robinhood Expects To Pay $26.6 Million FINRA Fine

    Posted: 28 Feb 2021 11:23 PM PST

    Fisker Inc. has ‘completely dropped’ solid-state batteries

    Posted: 01 Mar 2021 01:29 AM PST

    Top 10 most valuable brands in the world. Not to be confused with market capitalisation, brand is an intangible asset of a company. Valuation is based on the royalty relief approach - how much a company is willing to pay to license a brand

    Posted: 01 Mar 2021 12:41 AM PST

    How far in advance should you register your business as an LLC, INC, etc. before you officially launch your product/service?

    Posted: 28 Feb 2021 09:48 PM PST

    For Women Entrepreneurs in Europe

    Posted: 01 Mar 2021 01:44 AM PST

    Grow Your Business Through Your Brand

    Posted: 01 Mar 2021 01:43 AM PST

    A while back I started my ecommerce store, and it was going to be a small boutique that sold makeup, haircare products, and skincare products. Things were very hard starting off and I almost closed my business down multiple times. After doing some trial and error I realized that it wasn't my product, but rather my branding that was the problem. I couldn't sell a brand that I didn't have and on top of that I wasn't able to differentiate myself from the competition. After figuring this out I spent all my money into digital marketing courses online and studied all night. After all weeks of study I implemented my new skills and I've been seeing a killing since. Revenue has tripled and I finally was able to put some money in my bank account, but none of this is possible if I don't revamp my branding. Branding is key make sure you stand out

    submitted by /u/LeahTurnerLsg
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    How important is Instagram to your business? (Rated 1-10, 10 being very important)

    Posted: 28 Feb 2021 09:18 PM PST

    I'm curious to see the different responses to this depending on what kind of business you operate.

    submitted by /u/emotionalwings
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    Startups in 13 sentence - Paul Graham

    Posted: 01 Mar 2021 01:02 AM PST

    Paul Graham wrote an essay in 2009, "Startups in 13 sentences"

    It's filled with nuggets of startup wisdom like:

    "It's better to make a few people really happy than to make a lot of people semi-happy."

    A summary of an already short-essay:

    1. Pick good cofounders.

    Cofounders are for a startup what location is for real estate.

    You can change anything about a house except where it is.

    In a startup, you can change your idea easily, but changing your cofounders is hard.

    2. Launch fast.

    The reason to launch fast is not so much that it's critical to get your product to market early, but that you haven't really started working on it till you've launched.

    Launching teaches you what you should have been building.

    3. Let your idea evolve.

    This is the second half of launching fast. Launch fast and iterate.

    It's a big mistake to treat a startup as if it were merely a matter of implementing some brilliant initial idea.

    As in an essay, most of the ideas appear in the implementation.

    4. Understand your users.

    You can envision the wealth created by a startup as a rectangle, where one side is the number of users and the other is how much you improve their lives.

    The second dimension is the one you have the most control over.

    The growth in the first will be driven by how well you do in the second.

    The hard part is seeing something new that users lack. The better you understand them the better the odds of doing that.

    That's why so many successful startups make something the founders needed

    5. Better to make a few users love you than a lot ambivalent.

    Ideally, you want to make large numbers of users love you, but you can't expect to hit that right away.

    Initially, you have to choose between satisfying all the needs of a subset of potential users, or satisfying a subset of the needs of all potential users.

    Take the first. It's easier to expand user-wise than satisfaction.

    And perhaps more importantly, it's harder to lie to yourself.

    If you think you're 85% of the way to a great product, how do you know it's not 70%? Or 10%?

    Whereas it's easy to know how many users you have.

    6. Offer surprisingly good customer service.

    Customers are used to being maltreated.

    Try making your customer service not merely good, but surprisingly good.

    Go out of your way to make people happy.

    They'll be overwhelmed; you'll see.

    In the earliest stages of a startup, it pays to offer customer service on a level that wouldn't scale, because it's a way of learning about your users.

    7. You make what you measure.

    Merely measuring something has an uncanny tendency to improve it.

    If you want to make your user numbers go up, put a big piece of paper on your wall and everyday plot the number of users.

    You'll be delighted when it goes up and disappointed when it goes down.

    Pretty soon you'll start noticing what makes the number go up, and you'll start to do more of that.

    Corollary: be careful what you measure.

    8. Spend little.

    I can't emphasize enough how important it is for a startup to be cheap.

    Most startups fail before they make something people want, and the most common form of failure is running out of money.

    So being cheap is (almost) interchangeable with iterating rapidly.

    9. Get ramen profitable.

    "Ramen profitable" means a startup makes just enough to pay the founders' living expenses.

    10. Avoid distractions.

    Nothing kills startups like distractions.

    The worst type is those that pay money: day jobs, consulting, profitable side-projects.

    The startup may have more long-term potential, but you'll always interrupt working on it to answer people paying you now.

    11. Don't get demoralized

    Though the immediate cause of death in a startup tends to be running out of money, the underlying cause is usually a lack of focus.

    Either the company is run by stupid people (which can't be fixed with advice) or the people are smart but got demoralized

    12. Don't give up.

    Even if you get demoralized, don't give up.

    You can get surprisingly far by just not giving up. This isn't true in all fields.

    There are a lot of people who couldn't become good mathematicians no matter how long they persisted.

    But startups aren't like that. The sheer effort is usually enough, so long as you keep morphing your idea.

    13. Deals fall through.

    One of the most useful skills we learned from Viaweb was not getting our hopes up.

    We probably had 20 deals of various types fall through.

    After the first 10 or so we learned to treat deals as background processes that we should ignore till they get terminated.

    Having gotten it down to 13 sentences, I asked myself which I'd choose if I could only keep one.

    Understand your users. That's the key.

    The essential task in a startup is to create wealth; the dimension of wealth you have the most control over is how much you improve users' lives.

    The hardest part of that is knowing what to make for them.

    Once you know what to make, it's a mere effort to make it, and most decent hackers are capable of that.

    Understanding your users is part of half the principles in this list.

    That's the reason to launch early, to understand your users.

    Evolving your idea is the embodiment of understanding your users.

    Understanding your users well will tend to push you toward making something that makes a few people deeply happy.

    The most important reason for having surprisingly good customer service is that it helps you understand your users.

    And understanding your users will even ensure your morale because when everything else is collapsing around you, having just ten users who love you will keep you going.

    I think every startup founder should read this before starting it. We, with our team, when launching our SaaS startup, considered this as well. And was happy when saw this post in another subreddit, wanted to share it with you here as well.

    Read the full essay → http://www.paulgraham.com/13sentences.html

    What would be your 1 startup advice?

    submitted by /u/karen_vardanian
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    The Gamestop Rebellion Part 3

    Posted: 28 Feb 2021 08:42 PM PST

    Fraud overwhelms pandemic-related unemployment programs

    Posted: 28 Feb 2021 02:25 PM PST

    Autonomous drone maker Skydio raises $170M led by Andreessen Horowitz

    Posted: 28 Feb 2021 11:51 PM PST

    Uber accused of using 'loaded questions' in drivers survey

    Posted: 28 Feb 2021 11:50 PM PST

    This bond market is so radically oversold,’ economist David Rosenberg says

    Posted: 28 Feb 2021 05:29 PM PST

    SoftBank reaches settlement with former WeWork CEO Neumann

    Posted: 28 Feb 2021 01:36 PM PST

    Seeking guidance on next steps in career

    Posted: 28 Feb 2021 07:26 PM PST

    Thanks for reading. To make a long story short, I've been working for 4 years (SaaS sales and customer success roles) since graduating undergrad with a liberal arts major. I am trying to move into a more analytical role - think marketing analytics, sales ops/analytics, pricing, market research, etc.

    I have a few options for my next step to reach my goals and need some guidance. I am currently taking an intro class at a university on data analysis, but know that I will need more. I am lucky enough to have the opportunity to study for free or very cheap in Europe since I am an EU citizen. I'm applying to programs that will either be 1 or 2 years in length in Denmark, where my family lives. Aside from the career progression, I would cherish the opportunity to study in Denmark because of the international experience, travel, spending time with my extended family, plus it wouldn't cost me much other than 1 or 2 years time.

    My question is, should I go for a masters in Denmark or stay where I am and get a certificate in data analysis, try to get another job and then maybe go for the masters after? Which one would move the needle more for me? Does your answer change with a 1-year vs 2-year program? Keep in mind that I have a liberal arts degree, so I wouldn't be getting into any fancy data science program or anything like that. My best bet is either a business intelligence or econ program (I am genuinely interested in both). How would a foreign econ masters for example match up against a certificate in data analysis in America?

    Thank you!

    submitted by /u/chrisgs31
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    Can Oatly milk it? Oatmilk brand gears up for US stock market

    Posted: 28 Feb 2021 05:30 AM PST

    Best Buy lays off 5,000 workers as it shifts focus to online sales

    Posted: 28 Feb 2021 12:00 PM PST

    English writing within business admin

    Posted: 28 Feb 2021 06:20 PM PST

    Trillions to be added to SLR Calculation on March.31st: Is this a good thing or a bad thing?

    Posted: 28 Feb 2021 02:22 PM PST

    I'm no expert, but shouldn't any large changes to the supplemental leverage ratio be viewed as a negative catalyst for the stock market?

    Risky Finance took note of this back in November, writing that regulatory capital had been decreased by as much as $3 trillion for the 6 largest banks due to the feds forbearance measures in response to the virus outbreak..

    "The biggest forbearance measure was a move by the Fed in May to exclude treasury bonds and central bank deposits from the leverage exposure measure. That wiped $2 trillion off the SLR denominator, including $619 billion at JP Morgan alone."

    "Just one of the regulatory changes implemented by the fed in the response to the economic shutdowns would have reduced the denominator (total assets) for calculating the SLR by $3 trillion for the 6 largest banks (regulatory balance sheets)..."

    "...without three critical forbearance measures, some banks such as Citigroup or Goldman Sachs would have been just 30 basis points away from the minimum, which would prompted the Fed to restrict their trading and lending activity."

    https://www.philstockworld.com/2020/11/05/how-covid-forbearance-gave-banks-a-three-trillion-dollar-boost/

    To calculate the SLR , just divide the Tier 1 Capital by a bank's assets.

    Tier 1 Capital = reserves, common equity, plus retained earnings and certain instruments with discretionary dividends and no maturity.

    https://www.investopedia.com/terms/t/tier-1-leverage-ratio.asp

    In the past, when the banking industry was much more competitive, it was common for banks to market themselves on their surplus (reserve) in order to attract new customers.

    https://www.jstor.org/stable/1823156?seq=1#metadata_info_tab_contents

    Changes to the leverage ratio can lead to very large increases--or decreases--to a banks' ability to lend. To put that into perspective, according to Thomas Hoenig, a former Vice Chair of the Federal Deposit Insurance Corporation, if share buybacks of $83 billion, representing 72% of total payouts for the top 10 BHCs in 2017, were instead retained, under current capital rules, this could have increased small business loans by $750 billion, or mortgage loans by almost $ 1.5 trillion...

    https://www.commondreams.org/views/2019/11/07/run-dollar-due-panic-or-greed

    But how does this affect the stock market, you might be wondering?

    Well, if J.P. Morgan is going to be adding roughly $619 billion back to the assets used for calculating this leverage ratio, it should theoretically reduce the amount of credit that will be available for investors to speculate. This, of course, would not be a good thing..

    Nick Panigirtzoglou, a top analyst at JPM, seemed to support this idea back in November when he argued that lockdowns could actually become a bullish signal because they would increase the likelihood of more quantitative easing from the fed.

    "Although it has had a negative impact in the short term, the reemergence of lockdowns and resultant growth weakness could bolster the above equity upside over the medium to longer term via inducing more QE and thus more liquidity creation."

    https://www.nxtmine.com/in-moment-of-brutal-honesty-jpmorgan-says-economic-disaster-and-more-lockdowns-will-be-great-for-stocks/

    If a top analyst at America's largest bank believes that quantitative easing is more important to the stock market than real tangible business activity--even during worldwide pandemic related economic lockdowns--than it only makes sense to assume that any kind of drastic changes to the SLR should also have some kind of impact on equity markets as well.

    May 15, 2020, Federal Reserve Press Release

    "For purposes of reporting the supplementary leverage ratio as of June 30, 2020, an electing depository institution may reflect the exclusion of Treasuries and deposits at Federal Reserve Banks from total leverage exposure as if this interim final rule had been in effect for the entire second quarter of 2020. Because the supplementary leverage ratio is calculated as an average over the quarter, this will have the effect of maximizing the effect of the exclusion starting in the second quarter of 2020. The agencies are not making similar adjustments to riskbased capital ratios because Treasuries and deposits at Federal Reserve Banks are risk-weighted at zero percent."

    https://www.federalreserve.gov/newsevents/pressreleases/files/bcreg20200515a1.pdf

    But again, I'm no expert, it's just with fed policy playing such an important role in market valuations these days, it's hard not to pay attention to what's going on.

    Cheers, and hope to hear your thoughts.

    "The interim final rule is effective as of the date of Federal Register publication and will remain in effect through March 31, 2021."

    submitted by /u/interestingstuff6
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    Advice on new partnership

    Posted: 28 Feb 2021 02:52 PM PST

    Hi everyone,

    Im new to the business world, about 6 months ago I launched a subscription box and have been running everything solo. I'm at a point where I'm in dire need of assistance with logistics, and discussed a partnership with a friend that would bring much help in regards to the digital side of the company (website, UX, running the shop, and so on), as well as customer management.

    I'm the idea and money person, run marketing, branding, product creation (some handmade by myself at this stage) and sourcing. I've laid the ground, and they'd be taking some of the work off of my plate.

    My question is regarding how much equity would make sense for a new partner?

    submitted by /u/stefersen
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    Does anybody know any businesses that will make stacks? I’m depressed as fuck, super hard working; but drained. I can’t afford to help my grandparents medically, I can’t afford to move out of a household where I get physically abused, I work two part times jobs and full time college

    Posted: 28 Feb 2021 07:08 PM PST

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