Jeffrey Albus

4 days ago | mail.blockworks.com | Jeffrey Albus |Casey Wagner |Ben Strack |Kate Irwin

Byron’s away, but Katherine Ross from the Empire newsletter will be here all week to keep you entertained. Today, the Queen of Scoops returns to regale us with part 2 of the drama involving the layer-2 incubated by Bitget and the spicy leadership changes underway at Morph. (You can find part 1 here). If you like this edition, you’re in luck. You’ll get a lot more like it when you give the Empire newsletter a subscribe.

1 week ago | mail.blockworks.com | Ben Strack |Macauley Peterson |Katherine Ross |Jeffrey Albus

We hope you're enjoying your long weekend. Byron's probably on a beach somewhere sipping a La Croix, catching some rays and pondering macro things. But have no fear — the Forward Guidance crew is here, working hard to bring you some Memorial Day reading material. Don’t worry, Byron will be back tomorrow.

2 weeks ago | mail.blockworks.com | Byron Gilliam |Jeffrey Albus |Ben Strack |Casey Wagner

When Warren Buffett explained that the value of every stock, bond or business is a function of its future cash flows, he was paraphrasing John William Burr, who formally articulated the “discounted cash flow” (DCF) method of valuation in his 1938 book The Theory of Investment Value. Burr didn’t invent the ideas behind his calculations, however.

2 weeks ago | mail.blockworks.com | Byron Gilliam |Jeffrey Albus |Casey Wagner |Kate Irwin

Breaking the law can be productive (for everyone)Here are two things I believe: Tipping in cash so your server doesn’t owe taxes is good — but officially making income earned from tips tax-free is bad. Let me explain. Paying tips in cash is good because it helps low-margin businesses like restaurants hire staff they might not otherwise be able to afford.

3 weeks ago | mail.blockworks.com | Byron Gilliam |Jeffrey Albus |Ben Strack |Kate Irwin

I’m old enough to remember when people thought recessions might not be a thing anymore. By the early 2000s, economists like Robert Lucas and Alan Greenspan argued that traditional recessions, in which a cyclical decline in demand led to a shrinking economy, were becoming an endangered species: less frequently seen and less dangerous when they were.