Again, pretty hectic at work…actually got in front of a couple of big clients on Friday. Not only that, but they have quite the family (wealthy, to some degree) and we’re talking with their accountant as well—he’s been looking into trusts for his clients, so it’s a nice match with our talents.
Anyhoo, just read an interesting paper on ETFs (Exchange Traded Funds).
It’s quite cool to find out the inner-workings of these things from people in the field (how they are created, used, traded and terminated). It’s posted on
Albourne Village, a site (if you’re into finance in any way) you better sign up on.
It has tons of news, reports and papers on all areas of the market—but especially regarding AI (Alternative Investments) like hedge funds.
In the paper I saw one of my favorite words: fungible.
It means something like ‘easily exchangeable’.
Like a loaf of bread is fungible, but the Hope Diamond is not.
The first time I saw it in a structured note I thought it was a typo.
Fungible?
Sounds like fungus or something.
There was also a note in it to read another paper (on short sales)—I guess that’s my next read.
Almost at the station now…some of the passengers are starting to get up and ready themselves for the mad dash—some take a boat across to North Vancouver so there are always a few sprinting up the stairs to catch it.
There’s the announcement to get off…later.
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