More information has now emerged on Mr. Musk’s tweet since our last post. After reviewing Regulation FD and Rule 10b-5, we had concluded that Mr. Musk’s should be fine as long as the funding was truly secured, meaning that there was a signed (i.e. irrevocable) financing commitment to back the statement “funding secured”. While […]
Did Elon Musk breach U.S. Securities Laws?
Did Elon Musk breach Regulation FD or Rule 10b-5 by tweeting that he was “considering” taking Tesla private during market hours? Mr. Musk stunned the markets and caused a 10% surge in Tesla’s stock price (and a trading halt) when he announced that he was considering taking Tesla private, meaning delisting Tesla from the Nasdaq […]
How the Government murdered the buy-to-let market in London and the rest of the UK
I don’t own a home yet in London. Like many millennials, I am saving enough cash to build a substantial down payment. My target is 25% of the house price, plus 5-7% for unforeseen expenses. Long story short, it takes time and discipline is key. As an EU national, I’m quite sensitive to Brexit-related developments. […]
Three lessons from Facebook’s 20% crash
Facebook is a company for which I might have a bit of a love/hate relationship. Like the other 2.23 billion users as of the time of this writing, I spent a very large amount of time (see that understatement?) on the platform. This was especially true when I was in college and even grad school. […]
How to deal with delays, cancelled flights and compensation
August tends to be the month where everybody goes on vacation. From experience, this tends to be especially true for investment bankers, traders, and lawyers because financial markets are a bit slower. Or more accurately, financial markets are slower because nobody is at the trading desks. With a historically low pound and an incredibly warm […]
Why you are probably also paying 60% of tax on your income
Let’s turn our attention to income tax brackets (or bands). It is generally a good idea to know how much income tax you are paying. Three reasons come to mind. First, you know how much net income you have left to save but also to invest. That’s crucial if you want to take control of […]