I have tried high tea at two places in Toronto. Omni King Edwards Hotel Recently I met my friends for high tea at King Edwards Hotel . I was not impressed by the experience. The tea I had was nothing special. The sandwiches not impressive and most desserts blah . Only a few of their desserts were good . I would recommend against doing high tea at King Edward Hotel ! The Park Hyatt Toronto More than two years ago…
Market Microstructure Market microstructure refers to the trading protocols that determines how a trader’s demand is translated into execution . Markets Three different type of markets exist: Order Driven – prices established by public limit orders . ECN and automated auction markets . Quote Driven – prices are established by a market maker or dealer . Hybrid markets has a bit of both – NYSE Difference between a broker and a dealer ? Dealers provide liquidity. When a trader doesn’t…
There are two types of Behavioural biases : 1 . Cognitive Errors 2. Emotional Bias Cognitive Errors Cognitive Errors are due to error in informational processing , statistical errors and memory errors . There are two types of Cognitive Errors . Belief based and informational processing based . Belief Perseverance Bias 1. Conservatism 2. Confirmation 3. Representativeness 4. Illusion Of Confidence 5. Hindsight Information Processing Bias 1. Anchoring 2. Adjustment 3. Mental Accounting 4. Framing 5. Availability Emotional Biases Emotional…
The contrast between traditional and behaviour finance is very important concept to understand in finance . Traditional Finance Traditional finance is built on the assumption that investors are rational and Markets are efficient . Specifically Investors are : 1. Rational 2. Self interested and utility maximizing 3. Holds optimal portfolios . Optimal portfolios are mean variance efficient 4. Processes information without biases 5. Risk averse Markets are : 1 . Efficient which means the prices reflect all available information. Behavioural…
For the longest time I been meaning to visit Antelope Canyon . I have seen so many photos of it and it always looks so beautiful in the photos. Happy to say I have finally booked my trip to see these incredible canyons. I read multiple blog posts in order to figure out what to do in Arizona in Addition to the Antelope Canyon . Some good links: Arizona Attractions Grand Canyon First Time Guide Places From My List Grand…
My significant other is a big fan of Ramen . As a result I have been to lots of different Ramen restaurants in Toronto. I personally am not a fan of pork broth as such I find I don’t have many options or tasty ones at most Ramen places . Earlier this week we ended up at Konjiki Ramen in North York . I had their vegetable Ramen and it was incredible!! It has currently become my favourite comfort food…
As part of our mission to try out all the restaurants on Blog TO’s top 100 places to try before you die we ended up at Constantine . It serves food with Mediterranean flavours. Beautifully decorated with wonderful service. We decided to try the Chef’s menu . That was about eight dishes for $75 per person. There were positive and negative aspects to trying the chef’s menu . The good : We were able to try a variety of dishes…
Going through Blog TO’s 100 Essential restaurants to try before you die we ended up with reservations at Antlers . This restaurant has over 1000 reviews with five stars ! The dishes consist of wild game ! Being not much of a meat eater I ordered some veggie options on the menu . The food was well made !! We had bread with foie gras and maple butter . Yum . Also had chicken skewers . For main I had…
Seven years ago my friends and I did a road trip to the East Coast . We spend months planning it and we were super excited for the trip . Four girls with one rental car drove from Toronto to all around East Coast . Two of us started our trip from Toronto. Reached Ottawa and spend the night there before setting out on our trip the next morning with two other girls . Our trunk packed full of suitcases…
A bank engages in derivative trades with other counter-parties . Depending on market conditions the bank can either make money or lose money on these trades . Whenever you engage in such a trade there is always a risk the other counter-party might not hold up their end of the trade . This risk is called Counter-party Credit Risk . In order to ensure we don’t have banks failing the bank regulators require the banks to hold capital against the…