And so we’re told this is the golden age
And gold is the reason for the wars we wage New Year’s Day – U2
Hello and welcome to the Trader’s Desk. I know I have said this a few times (and we still have two episodes left) but this may be my favorite episode of the season! From the opening, to getting answers to questions I have had for 4 seasons, this was exactly the episode I needed after last week’s break.
When I saw this tweet, I wanted to scream on top of my lungs “it is going to happen!” but of course I restrained myself 🙂 Now that everyone has seen the fantastic Episode 7, I can spill the beans! Join me!
This blog has had an interesting relationship with Billions. I launched the blog only two weeks before they started shooting the pilot in New York and I have been very lucky to catch up with Damian on the set once every season since. I do not know how many times you need to do a thing for it to become a tradition, but catching up with Damian on Billions set once a year certainly feels like a tradition now.
You’ll take my life but I’ll take yours too
You’ll fire your musket but I’ll run you through
So when you’re waiting for the next attack
You’d better stand there’s no turning back The Trooper – Iron Maiden
Hello from the Trader’s Desk! This week, everyone is waiting for the next attack, be it from a friend, an enemy, or a chicken!
As seems to be the new normal, The War Council (Axe, Wags, Wendy) discussing taking down Taylor and TMC. Hall is not having the easiest time getting into TMC security. His counterpart there is someone whom Hall says “is a good man” and “thorough”. (Could Cook have been one of Hall’s minions at one time?) Hall is going to have to earn his paycheck on this assignment. He comes bearing a gift – a thumbdrive with TMC’s positions and trading patterns! It’s not the MOAB Axe needs, but he can use the info to front-run TMC and take a little of their alpha. Wendy has a better idea: really go big on positions TMC wants to increase, taking a lot of little pieces of profit. Taylor will notice, and because they are such a perfectionist, will try to figure out the problem, taking them off their game. This is where Wendy has value: not knowing the market or stocks, but knowing the way Taylor thinks. Even Hall is impressed by Wendy! Continue reading “From the Trader’s Desk: The Best of Frenemies – Billions S4 E3”
I live my life like there’s no tomorrow
And all I’ve got, I had to steal
Least I don’t need to beg or borrow
Yes I’m livin’ at a pace that kills Runnin’ With the Devil – Van Halen
Greetings from the Trader’s Desk! I’m going to do things a bit different today. Instead of doing an in-depth recap (my partner in crime Damianista has done an amazing one), I’ll be giving my observations of the various relationships we saw this week. Also, on a good news front, I’ll be having surgery to remove my chemo port this week, and I’ll be on the disabled list for a day or so, so this will have to be a bit condensed. As always, if there is some “fin-speak” you need explained, please let me know!
I want to start with an explanation of what Private Equity is, since it was a big part of the Axe/Rebecca storyline. Private equity is composed of funds and investors that directly invest in private companies. For example, if a firm or an individual invested in Uber (a private company) they will have gotten in early, before the company goes public and IPOs. These investors now have a percentage (or shares) in the company. When the company does go public, the investment could have increased significantly, and now the shares can be sold publicly. Investing in private equity is not a guarantee – sometimes you need to kiss a lot of frogs before you get your Prince! Continue reading “From the Trader’s Desk: Runnin’ with The Devil – Billions S4 E2”