IDK! but I like it!

'OFFLINE: download video

'1. Interest Rate SWAP, Asset Liability Management.

'2. Use Equity SWAP in order to mitigate losses on stock without selling the stocks. Cons of selling stocks in order to mitigate of losses are Transaction cost and Taxes.

'3. Synthetic Interest Rate SWAP is made of a series of FRA (Forward Rate Agreement). OR sell fixed rate bonds and buy float rate bonds at the same time.

'4. Off market FRA means a agreement uses not a market rate.

'1. Bloomberg terminal gives access to all kinds of data about stuck, rent about $24K a year.

'2. VAR (Value at Risk), the maximum amount that a company expects to lose over a fixed period of time on its portfolio or its investments. 5% VAR of $10M means that a company is 95% confident that they won't lose more than $10M on any given trading day.

'3. it takes roughly a month for that mortgages to be converted into a CDO and that's where Peter explains is why the company is in this predicament because the assets on this book are all these mortgages that have yet to be turned into a CDO offloaded to other investors and those mortgages are deteriorating faster than they're able to package those mortgages.

'OFFLINE: download video

'1. Pre-Categories, setup rules (filter) in order to automatically categorize. Ex: "Newsletter".

'2. Snooze email with "the due date is next month", instead of categorize it with "Follow Up".

'3. Action Categories: "Follow Up" (red) - you are responsible for the outcome and only you can take action. "Waiting" (yellow) - you are responsible for the outcome but you need SOMEONE ELSE to take action. "Read Through" (green) - Emails you want to consistently refer back to in the future.

'4. Outlook vs Gmail

'1. IFRS 16 (International Financial Reporting Standards) was released in 2016 (it replaced IAS 17) by IASB (International Accounting Standards Board)

'2. IFRS 16 had a substantial impact on the accounting for lessees because it requires lessees to capitalize all leases (with two exceptions). This means lessees must recognize a "right-of-use" asset and a "lease liability" upon commencement of a lease.

'3. The goal of IFRS 16 was to increase transparency in financial reporting. Prior to IFRS 16, lessees could structure leases so that the lease liability didn't appear on their statement of financial position (aka balance sheet). Thus, leases were used as a means of off-balance sheet financing (to keep debt off a company's balance sheet).

'1. "Операционное расходы" = "Переменные расходы" (затраты материалы) + "Постоянные расходы" (аренда, фикс работникам)

'2. EBITDA = "Выручка" - "Операционное расходы".

'3. EBITDA не учитывает: Размер компании, Амортизацию, % по кредиту, Налог на прибыль.

'1. График как разные инструменты факторы влияют на спрос и предложение.

'2. Ключевая ставка совсем не влияет на инфляцию.

'1. Where Premium derive from.

'2. Premium Amortizing, Present Value of Principal, Present Value of Int. Rate (Mortgage Annuity Formula).