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10 Weekend Reads

The Big Picture

Started in 2003 as little more than an online repository for résumés, the Microsoft-owned behemoth has recently transformed. With 950 million members as of July, LinkedIn is poised to soon have a billion users, joining a rarefied three-comma club with the likes of Facebook, Instagram, and TikTok.

Ethics 162
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Satyam Scam – The Story of India’s Biggest Corporate Fraud!

Trade Brains

A Case Study on ‘Satyam Scam’ Accounting Scandal: When the 2008 recession hit the world, India was not only going through a financial crisis but also an ethical crisis. The firm was worth $1billion in 2003. The foundation of the metro plans was laid in the year 2003. Its financials too were perfect.

Banking 131
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Transcript: Luis Berruga, Global X ETFs

The Big Picture

And I always use the exact same example, how will you invest in Google in 1998, or in Facebook in 2003? But I will tell you, I mean, when I first moved to Chicago from Spain, it was 2003, which is crazy, it’s like already 20 years ago. BERRUGA: This is 2003. RITHOLTZ: Yeah. RITHOLTZ: Really?

Clients 162
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Transcript: Ilana Weinstein

The Big Picture

RITHOLTZ: So you launch your own firm IDW in 2003. WEINSTEIN: Table stakes, good intellectual horsepower, work ethic, training, and a history of results. So we were all learning as we went and just by virtue of doing really one search, it made me the expert because no one else was doing it and so I built my business from there.

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Transcript: Eric Balchunas

The Big Picture

And so, I was doing that in 2000, 2002, 2003, 2004. So it’s unusual though to have that much work ethic, that much drive and say, yeah, I want all the investors to have the money. And so, when you pulled Bloomberg and you type in like the Fidelity Magellan Fund and then you type DES, all that information …. RITHOLTZ: Yes.

Assets 173
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Don't get an "F" on FBAR

Brown Advisory

As such, even the most ethical taxpayers may feel anxiety about these reports, since they may end up being punished despite the best intentions. FBAR compliance was enforced by the Treasury Department’s Financial Crimes Enforcement Network bureau, or FinCEN until 2003, when enforcement was delegated to the IRS.

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Don't get an "F" on FBAR

Brown Advisory

As such, even the most ethical taxpayers may feel anxiety about these reports, since they may end up being punished despite the best intentions. FBAR compliance was enforced by the Treasury Department’s Financial Crimes Enforcement Network bureau, or FinCEN until 2003, when enforcement was delegated to the IRS.