by Brian Pillmore | Mar 24, 2023 | Brian's Blog
It all comes down to Tangible vs. Intangible Equity. Book Value = Tangible Assets – Tangible Liabilities But there is so much more to a company than that. Tangible Assets are the things that can quickly become cash: 1️⃣ Cash and cash equivalents2️⃣ Accounts...
by Brian Pillmore | Mar 20, 2023 | Brian's Blog
There are 2 primary reasons: 1️⃣ Higher rates slow the economy2️⃣ The Federal Budget Deficit is too high The entire goal of raising interest rates is to slow the economy, make money more expensive, reduce spending, and therefore reduce inflation. The only problem is...
by Brian Pillmore | Mar 20, 2023 | Brian's Blog
Especially in banking.And that’s exactly what got Wells Fargo into hot water.You probably remember 2013 and the chaos surrounding Wells Fargo.“8 is great” surfaced as their internal slogan.Employees were told to push all customers to have 8 products.That eventually...
by Brian Pillmore | Mar 18, 2023 | Brian's Blog
And no one seems to be talking about it. More and more businesses are relying HEAVILY on APIs that they don’t own, control, or even understand how they work. Input into the black box → Result returned. And that…Is what we call Counterparty Risk. And lots of it. 1️⃣...
by Brian Pillmore | Mar 18, 2023 | Brian's Blog
Let’s not shift the blame – assign blame exactly where it belongs. The decisions that led to this point – based on financial analysis, appear to have started in 2019. The leadership of the bank, met with ~$20B per quarter of deposit inflows, decided...
