An acronym that attempts to describe the cost of decision making and consumption. "There ain't no such thing as a free lunch" (TANSTAAFL) expresses the idea that even if something seems like it is free, there is always a cost, no matter how indirect or hidden. In finance, TANSTAAFL refers to the opportunity cost paid to make a decision. The decision to consume one product usually comes with the trade-off of giving up the consumption of something else.Also known as "there is no such thing as a free lunch" (TINSTAAFL). This phrase is thought to have originated because many saloons in the U.S. used to provide free lunches to their patrons, but required them to purchase drinks in order to get them.Although the phrase is a double negative, it is not intended to be interpreted as such. Therefore, the alternate acronym TINSTAAFL is often used.
A nine-digit numerical code used to identify a banking or other financial institution to clear funds or process checks in the U.S. The routing transit number, as it appears on a check, specifically denotes the banking institution that holds the account in which funds from the check are to be drawn. |||The first four digits of any RTN code will designate the Federal Reserve Bank of the district where the institution is located. The next four digits denote the bank itself, while the last digit is a classifier for the check or negotiable instrument. RTN numbers are often used when setting up a wire transfer or direct deposit relationship with one's personal or business bank.
From the site at Trilateral.org:The Trilateral Commission is a non-governmental policy-oriented discussion group of about 325 distinguished citizens from North America, the European Union, and Japan which seeks to foster mutual issues for which these principal democratic industrialized regions share leadership responsibilities. A group consisting of world leaders, formed for the purpose of creating a wider international community that fosters cooperation. This commission was founded by David Rockefeller in 1973 as a partnership between private citizens in North America, Europe, and Japan. It has now expanded to include many countries outside of the original 3 locations. If you look at a list of past and present Trilateralists, it reads like the who's who of the business world. Some of the notable members include former U.S. Presidents and diplomats before they entered their public positions. This commission has garnered much controversy over its existence.
All of the costs associated with completing a transaction. Also known as round turn transaction costs. |||This includes commissions, market impact costs, and taxes.
A business or marketing statement that summarizes why a consumer should buy a product or use a service. This statement should convince a potential consumer that one particular product or service will add more value or better solve a problem than other similar offerings. Companies use this statement to target customers who will benefit most from using the company's products, and this helps maintain an economic moat. The ideal value proposition is concise and appeals to the customer's strongest decision-making drivers. Companies pay a high price when customers lose sight of the company's value proposition.
A trademarked method for calculating the risk of an asset portfolio. RiskGrades are based on a variance-covariance approach that measures the volatility of assets or asset portfolios as the scaled standard deviations of the returns. More complex RiskGrades calculations allow for a few additional concepts: |||RiskGrades were developed by JPMorgan. You can use RiskGrades to determine the level of risk in your portfolio based on the following numbers: The RG of a risk-free asset is expected to be 0 The RG of a low-risk asset is expected to be 0 - 100 Normal stocks/indexes should have an RG of 100 - 300 Stocks with an RG of 100 - 800 are considered high risk IPOs have an RG greater than 800
Operations stages in the oil and gas industry that involve exploration and production. Most oil companies are known as "integrated" because they combine upstream activities with downstream operations, which take place after the production phase through to the point of sale.
An anomaly in the difference between the lower historic real returns of government bonds compared to equities. This puzzle is the inverse of the equity premium puzzle, and looks at the disparity from the perspective from the lower returning government bonds. |||The risk-free rate puzzle is used to explain why bond returns are lower than equity returns by looking at investor preference. If investors tend to seek out high returns, why do they invest heavily in government bonds rather than in equities? If investors did invest in more equities, returns from equities would fall, causing the returns for government bonds to rise and making the equity premium smaller.