Topic: Finance & Investment (Page 4)

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πŸ”— Kappa Beta Phi

πŸ”— Finance & Investment πŸ”— New York City πŸ”— Fraternities and Sororities

Kappa Beta Phi (ΞšΞ’Ξ¦) is a secret society with at least one surviving chapter, based on Wall Street in New York City, that is made up of high-ranking financial executives. The purpose of the organization today is largely social and honorific. The current honor society meets once a year at a black-tie dinner to induct new members.

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πŸ”— Largest Corporate Earnings and Losses of All Time

πŸ”— Companies πŸ”— Finance & Investment πŸ”— Lists πŸ”— Business πŸ”— Business/Accounting

This page lists the largest annual and quarterly earnings and losses in corporate history. In general terms the oil and gas industry is the one generating both largest annual and quarterly earnings. In contrast, both the annual and quarterly losses are more distributed across industries.

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πŸ”— Dogecoin

πŸ”— Internet πŸ”— Computing πŸ”— Finance & Investment πŸ”— Economics πŸ”— Computing/Software πŸ”— Computing/Free and open-source software πŸ”— Cryptography πŸ”— Cryptography/Computer science πŸ”— Numismatics πŸ”— Numismatics/Cryptocurrency πŸ”— Cryptocurrency

Dogecoin ( DOHJ-koyn, code: DOGE, symbol: Ð) is a cryptocurrency featuring a likeness of the Shiba Inu dog from the "Doge" Internet meme as its logo. Introduced as a "joke currency" on 6 December 2013, Dogecoin quickly developed its own online community and reached a capitalization of US$60 million in January 2014.

Compared with other cryptocurrencies, Dogecoin had a fast initial coin production schedule: 100 billion coins were in circulation by mid-2015, with an additional 5.256 billion coins every year thereafter. As of 30Β JuneΒ 2015, the 100 billionth Dogecoin had been mined. While there are few mainstream commercial applications, the currency has gained traction as an Internet tipping system, in which social media users grant Dogecoin tips to other users for providing interesting or noteworthy content. Dogecoin is referred to as an altcoin.

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πŸ”— 3-6-3 Rule

πŸ”— United States πŸ”— Finance & Investment

The term 3-6-3 Rule describes how the United States retail banking industry operated from the 1950s to the 1980s. The name 3-6-3 refers to the impression that bankers had a stable, comfortable existence by paying 3 percent interest on deposits, lending money out at 6 percent, and being able to "tee off at the golf course by 3 p.m."

The implication was that the banks were less competitive during that period than in subsequent years due to tight regulations that limited the formation and location of banks as well as restrictions on interest rates that could be charged or paid. As a result, bankers had "power and prestigeΒ ... while profits were steady and certain". These regulations were loosened in the 1980s.

Richmond Federal Reserve senior economist John R. Walter argues that, although there is evidence that restrictions on banks before the 1980s did limit the competitiveness of banking markets and thereby granted some banks monopoly power, "the regulatory restrictions probably had a limited effect on competition" during the time in question. Chicago Federal Reserve researchers Robert DeYoung and Tara Rice argue that, "Like most good jokes, the 3-6-3 rule mixes a grain of truth with a highly simplified view of reality."

The rule has been noted positively following the late-2000s financial crisis as a preferable way for banks to operate following the bailout of major banks.

Australia's banking system, which was deregulated in the 1990s in a manner similar to that in the U.S., also came to be characterized in the same way as did the United Kingdom's.

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πŸ”— Greater Fool Theory

πŸ”— Finance & Investment πŸ”— Economics

In finance, the greater fool theory suggests that one can sometimes make money through the purchase of overvalued assetsβ€Šβ€”β€Šitems with a purchase price drastically exceeding the intrinsic valueβ€Šβ€”β€Šif those assets can later be resold at an even higher price.

In this context, one "fool" might pay for an overpriced asset, on the assumption that he can probably sell it to an even "greater fool" and make a profit. This only works as long as there are new "greater fools" willing to pay higher and higher prices for the asset. Eventually, investors can no longer deny that the price is out of touch with reality, at which point a sell-off can cause the price to drop significantly until it is closer to its fair value.

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πŸ”— List of Largest US Bank Failures

πŸ”— United States πŸ”— Finance & Investment πŸ”— Lists πŸ”— Business

This is a list of the largest United States bank failures with respect to total assets under management at the time of the bank failure (banks with $1.0 billion or more in assets are listed here). Assets of the banks listed here are figures provided by the Federal Deposit Insurance Corporation.

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