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Effective risk management and compliance are essential for protecting the
company's assets and reputation.
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Hendrith Vanlon Smith Jr. (Board Room Blitz: Mastering the Art of Corporate Governance)
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When we look at asset protection from a natural perspective, we realize that in nature, assets are protected not with fences or walls but with internal and external immune systems. So the best way to protect an asset is with systems that self organize and self execute behaviors which function as protective to the asset.
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Hendrith Vanlon Smith Jr. (The Wealth Reference Guide: An American Classic)
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The best way to protect an asset is with systems that self organize and self execute behaviors which function as protective to the asset.
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Hendrith Vanlon Smith Jr.
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There is a delight in the hardy life of the open.
There are no words that can tell the hidden spirit of the wilderness, that can reveal its mystery, its melancholy and its charm.
The nation behaves well if it treats the natural resources as assets which it must turn over to the next generation increased; and not impaired in value.
Conservation means development as much as it does protection.
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Theodore Roosevelt
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A robust cybersecurity framework is essential to protect a company's digital assets, sensitive data, and critical infrastructure.
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Hendrith Vanlon Smith Jr. (Board Room Blitz: Mastering the Art of Corporate Governance)
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Every business has to prioritize protecting its assets.
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Hendrith Vanlon Smith Jr.
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If you'd like to gain a new understanding of asset protection, get into gardening.
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Hendrith Vanlon Smith Jr.
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Asset protection is critical in business. And the best way to protect an asset is with systems that self organize and self execute behaviors which function as protective to the asset.
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Hendrith Vanlon Smith Jr.
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IP is not just an idea; it’s an intangible asset that does a specific job for you.
Each one is different—patents, trademarks, copyrights. The specific way you get that job done is what you’re protecting, and the way you do it affects the asset value.
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JiNan George (The IP Miracle: How to Transform Ideas into Assets that Multiply Your Business)
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By actively overseeing and providing guidance on risk management and cybersecurity, the board demonstrates its commitment to protecting the company's assets, reputation, and long-term success.
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Hendrith Vanlon Smith Jr. (Board Room Blitz: Mastering the Art of Corporate Governance)
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Portfolio resilience protects assets from loss.
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Hendrith Vanlon Smith Jr.
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Hiring is hard. Letting go is harder. It’s far easier to hire the right person from the start than to hire the wrong person, realize they’re a bad fit for your company, and then figure out how to let them go. When you know what you want in a new hire, the hard part gets easier. And when you know how to protect your IP, you don’t have to learn the hard lesson.
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JiNan George (The IP Miracle: How to Transform Ideas into Assets that Multiply Your Business)
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A company can't produce income without assets. So protecting assets is critical to the survival of every company.
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Hendrith Vanlon Smith Jr.
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If you’re not filing patents, but your competitors are, all you have is risk. You’re taking a huge chance that no one else will enter your space and kick you out. That’s the benefit of patents; you don’t have to let everybody in. You can let just a few major players in because you want what they have, or you don’t want to worry about them. Remember, you’re not at the big boys’ lunch table. But if you partner with their competitor, they’ll be worried. Then they’ll want to see if your patent protection is strong or if they can exploit a weakness.
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JiNan George (The IP Miracle: How to Transform Ideas into Assets that Multiply Your Business)
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Conservatism starts from a sentiment that all mature people can readily share: the sentiment that good things are easily destroyed, but not easily created. This is especially true of the good things that come to us as collective assets: peace, freedom, law, civility, public spirit, the security of property and family life, in all of which we depend on the cooperation of others while having no means singlehandedly to obtain it. In respect of such things, the work of destruction is quick, easy and exhilarating; the work of creation slow, laborious and dull. That is one of the lessons of the twentieth century. It is also one reason why conservatives suffer such a disadvantage when it comes to public opinion. Their position is true but boring, that of their opponents exciting but false.
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Roger Scruton (How to be a Conservative)
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You feel ownership over your creation, your invention, and your ideas. But if you don’t legally claim them, you’re donating them to the public—or to competitors. Say you’ve come up with a solution to a problem. Protecting that potentially valuable IP creates a limited monopoly to keep people out. It’s like zone defense in basketball. IP rights help you own your zone—your competitive space where no one else can score. If the best offense is a great defense, then no offense is the worst.
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JiNan George (The IP Miracle: How to Transform Ideas into Assets that Multiply Your Business)
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But her greatest assets were her bound feet, called in Chinese "three-inch golden lilies" (san-tsun-gin-lian). This meant she walked "like a tender young willow shoot in a spring breeze," as Chinese connoisseurs of women traditionally put it. The sight of a woman teetering on bound feet was supposed to have an erotic effect on men, partly because her vulnerability induced a feeling of protectiveness in the onlooker.
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Jung Chang (Wild Swans: Three Daughters of China)
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Quantum Encryption is essential to protect our digital assets and infrastructure from attackers.
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Kevin Coleman
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Information technology (IT) assets must be protected from external and internal activities detrimental to effective and efficient functionality.
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Robert E. Davis (Ensuring Information Assets Protection)
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Wherever there is turmoil, people try to protect their assets. Or sell them.
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Richard Osman (The Last Devil to Die (Thursday Murder Club, #4))
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Markets fluctuate and markets can be unpredictable at times. This is why having a resilient portfolio is critical. Growth without resilience only ends in extreme loss. But resilience protects assets from loss.
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Hendrith Vanlon Smith Jr.
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If economic catastrophe does come, will it be a time that draws Christians together to share every resource we have, or will it drive us apart to hide in our own basements or mountain retreats, guarding at gunpoint our private stores from others? If we faithfully use our assets for his kingdom now, rather than hoarding them, can't we trust our faithful God to provide for us then?
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Randy Alcorn (Money, Possessions, and Eternity: A Comprehensive Guide to What the Bible Says about Financial Stewardship, Generosity, Materialism, Retirement, Financial Planning, Gambling, Debt, and More)
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Information is a significant component of most organizations’ competitive strategy either by the direct collection, management, and interpretation of business information or the retention of information for day-to-day business processing. Some of the more obvious results of IS failures include reputational damage, placing the organization at a competitive disadvantage, and contractual noncompliance. These impacts should not be underestimated.
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Institute of Internal Auditors
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Do not, as long as you live, ever again allow your real name to be coupled with your home address.
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J.J. Luna (How to Be Invisible, Third Edition: Protect Your Home, Your Children, Your Assets, and Your Life)
“
He liked confidence in a woman. And intelligence. And apparently he liked sass, all wrapped up in a straight-laced, tight-lipped bodyguard.
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J.K. Coi (Protecting His Assets (Bad Boy Bosses, #2))
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The sooner we associate long hours and multitasking with incompetence and carelessness the better. The next time you hear boasts of executives pulling an all-nighter or holding conference calls in their cars, be sure to offer your condolences; it's grim being stuck in sweatshops run by managers too ignorant to understand productivity and risk. Working people like this is as smart as running your factory without maintenance. In manufacturing and engineering businesses, everyone learns that the top priority is asset integrity: protecting the machinery on which the business depends. In knowledge-based economies, that machinery is the mind.
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Margaret Heffernan (Willful Blindness: Why We Ignore the Obvious at Our Peril)
“
The job of the politician is to speak for all people; not just for parties with vested interests, or organisations with the biggest wallets. The first people a politician should protect are those that cannot protect themselves: Those weakest and most vulnerable among us. This is, to most of us, something that seems to be an obvious statement of fact, and that may be so, but it’s also a forgotten fact. Now, today, the opposite is true. It should shame us all. It shames me. The very fact that the most poor and the most vulnerable in our society are those that are victimised and stamped upon, whereas the most wealthy and the most influential are making more profits and acquiring more assets and wealth than ever before in history, is a damning indictment of what our society has become
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Paul Howsley (The Year of the Badgers)
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As one Questioner pointed out, 'The Rebels' best asset is their voice of dissent. We shouldn't try to school it out of them, or to corporate-culture it out, or shame it out. It's there to protect us all.
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Gretchen Rubin (The Four Tendencies: The Indispensable Personality Profiles That Reveal How to Make Your Life Better (and Other People's Lives Better, Too))
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Digital freedom stops where that of users begins... Nowadays, digital evolution must no longer be offered to a customer in trade-off between privacy and security. Privacy is not for sale, it's a valuable asset to protect.
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Stephane Nappo
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If you do not protect your assets, you will soon have no assets. If you do protect your assets, you will be in a position to obtain additional assets and grow your wealth even more. There is no intermediate ; only digression or progression; only deterioration or improvement; only growth or decay.
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Hendrith Vanlon Smith Jr. (The Wealth Reference Guide: An American Classic)
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My life experience has brought me to believe that putting serious effort into any field of study is well worth the effort, even if one switches to a completely different field later. In fact, the more weapons you have at your disposal, the more assets you can deploy to protect the people in your social spheres.
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Nanako Tsujimura (The Case Files of Jeweler Richard (Light Novel) Vol. 9)
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Formal property’s contribution to mankind is not the protection of ownership; squatters, housing organizations, mafias, and even primitive tribes manage to protect their assets quite efficiently. Property’s real breakthrough is that it radically improved the flow of communications about assets and their potential.
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Hernando de Soto (The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else)
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Assets will be attacked and therefore must be actively and strategically protected. Against inflation, competition, devaluation, recession, deflation, fees, taxes, expenses, and more. In nature, parasites are attracted to wealth and so wealthy organisms must actively protect themselves against parasites. The same principle applies in human civilization.
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Hendrith Vanlon Smith Jr. (The Wealth Reference Guide: An American Classic)
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Even if you are a mendicant, you must learn to protect your assets and even if you are a ruler, powerful and strong, your bad karma will eventually bite you.
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Ruby Mohan (The Kidnapping)
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I believe that the principal asset I need to protect and cultivate is my deep-seated intellectual insecurity.
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Nassim Nicholas Taleb (Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets (Incerto, #1))
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Home is where the Heart is. Don't let damage to your home wipe out your hard earned savings. Protect your home, secure your assets
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Meera Srinivasan
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Potential stakeholders usually rely upon governance elements prior to investing their time, talent, and/or money.
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Robert E. Davis (IT Auditing: Assuring Information Assets Protection)
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He was struck dumb by her brilliant blue eyes. Eyes that could drag a man out of the darkest hole and into the light.
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J.K. Coi (Protecting His Assets (Bad Boy Bosses, #2))
“
Despite their current rhetoric of ‘free trade’, when it comes to trade negotiations almost all of today’s high-income countries—including the UK and the United States—took the opposite route to ensure their own industrial success, opting for tariff protection, industrial subsidies and state-owned enterprises when it was nationally advantageous. And today they still keep tight control over their key traded assets such as intellectual property.
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Kate Raworth (Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist)
“
One thing was clear to the ministers and civil servants who framed these policies: Britain’s colonies and the new transatlantic commerce they were generating were a vital national asset to be coveted, protected and extended, if necessary by aggression.
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Lawrence James (The Rise and Fall of the British Empire)
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lay in wait to ambush the corporate mouthpieces sent down to protect the treasured assets of Old Potomac Casualty. They tried to defend their actions by hiding behind the field reports, all of which clearly proved the damages in question were caused by water, not wind. One executive, startled by the ferocity of the attack by
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John Grisham (The Boys from Biloxi)
“
We had better want the consequences of what we believe or disbelieve, because the consequences will come! . . .
But how can a society set priorities if there are no basic standards? Are we to make our calculations using only the arithmetic of appetite? . . .
The basic strands which have bound us together socially have begun to fray, and some of them have snapped. Even more pressure is then placed upon the remaining strands. The fact that the giving way is gradual will not prevent it from becoming total. . . .
Given the tremendous asset that the family is, we must do all we can within constitutional constraints to protect it from predatory things like homosexuality and pornography. . . .
Our whole republic rests upon the notion of “obedience to the unenforceable,” upon a tremendous emphasis on inner controls through self-discipline. . . .
Different beliefs do make for different behaviors; what we think does affect our actions; concepts do have consequences. . . .
Once society loses its capacity to declare that some things are wrong per se, then it finds itself forever building temporary defenses, revising rationales, drawing new lines—but forever falling back and losing its nerve. A society which permits anything will eventually lose everything!
Take away a consciousness of eternity and see how differently time is spent.
Take away an acknowledgement of divine design in the structure of life and then watch the mindless scurrying to redesign human systems to make life pain-free and pleasure-filled.
Take away regard for the divinity in one’s neighbor, and watch the drop in our regard for his property.
Take away basic moral standards and observe how quickly tolerance changes into permissiveness.
Take away the sacred sense of belonging to a family or community, and observe how quickly citizens cease to care for big cities.
Those of us who are business-oriented are quick to look for the bottom line in our endeavors. In the case of a value-free society, the bottom line is clear—the costs are prohibitive!
A value-free society eventually imprisons its inhabitants. It also ends up doing indirectly what most of its inhabitants would never have agreed to do directly—at least initially.
Can we turn such trends around? There is still a wealth of wisdom in the people of this good land, even though such wisdom is often mute and in search of leadership. People can often feel in their bones the wrongness of things, long before pollsters pick up such attitudes or before such attitudes are expressed in the ballot box. But it will take leadership and articulate assertion of basic values in all places and in personal behavior to back up such assertions.
Even then, time and the tides are against us, so that courage will be a key ingredient. It will take the same kind of spunk the Spartans displayed at Thermopylae when they tenaciously held a small mountain pass against overwhelming numbers of Persians. The Persians could not dislodge the Spartans and sent emissaries forward to threaten what would happen if the Spartans did not surrender. The Spartans were told that if they did not give up, the Persians had so many archers in their army that they would darken the skies with their arrows. The Spartans said simply: “So much the better, we will fight in the shade!
”
”
Neal A. Maxwell
“
Beginning about ten thousand years ago, cities began to emerge. Although tiny by today's standards, they were the centers of the first “civilizations,” a word derived from civitas, which means “citizenship” or “inhabitants of a city” in Latin. Because farming created assets to plunder and to protect, it also created a requirement for inventory accounting.
”
”
James Dale Davidson (The Sovereign Individual: Mastering the Transition to the Information Age)
“
Since knowledge and ideas are an important part of cultural heritage, social interaction and business transactions, they retain a special value for many societies. Logically, if the associated electronically formatted information is valued, preventive and detective measures are necessary to ensure minimum organizational impact from an IPR security breach.
”
”
Robert E. Davis (IT Auditing: Assuring Information Assets Protection)
“
Data Ambassador Job Description The Data Ambassador will serve as a liaison between all business stakeholders, end-users and technical resources to protect and promote data assets. This highly influential role will interact with all levels of the organization, guide the development of data assets, and ensure usage of data assets to drive a positive value proposition.
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Laura B. Madsen (Disrupting Data Governance: A Call to Action)
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From an asset-allocation perspective, when we talk about diversification, we're talking about investing in multiple asset classes. There are six that I think are really important and they are US stocks, US Treasury bonds, US Treasure inflation-protected securities [TIPS], foreign developed equities, foreign emerging-market equities and real estate investment trusts [REITS]. p473
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”
Tony Robbins (Money Master the Game: 7 Simple Steps to Financial Freedom)
“
The job of the politician is to speak for all people; not just for parties with vested interests, or organisations with the biggest wallets. The first people a politician should protect are those that cannot protect themselves: Those weakest and most vulnerable among us. This is, to most of us, something that seems to be an obvious statement of fact, and that may be so, but it’s also a forgotten fact. Now, today, the opposite is true. It should shame us all. It shames me. The very fact that the most poor and the most vulnerable in our society are those that are victimised and stamped upon, whereas the most wealthy and the most influential are making more profits and acquiring more assets and wealth than ever before in history, is a damning indictment of what our society has become.
”
”
Paul Howlsey
“
Looks like it,’ she replied. ‘Are you just trying to show me you can manage on your own? This crazy idea is bound to fail.’ Now he was blustering. ‘You’re no businesswoman, Juliette – reading a few novels on vacation doesn’t qualify you to run a bookstore. And don’t expect me to bail you out when it all goes pear-shaped.’ She sensed the fear behind his words. He didn’t want her to succeed; her role had been to admire his achievements. And she did, genuinely. Kevin was hard-working and successful; he’d been the main bread-winner for years and given her a comfortable life, which she’d no doubt taken for granted. ‘I’ve signed an agreement to make sure our joint assets will be protected,’ she said. ‘But maybe we should think about getting a divorce, so we can both move on.’ He hung up without replying. Although the lease on the shop wasn’t due to start till the beginning of June, the landlord had given permission for Juliette to visit the premises with her
”
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Daisy Wood (The Forgotten Bookshop in Paris)
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big forces to worry about: growth and inflation. Each could either be rising or falling, so I saw that by finding four different investment strategies—each one of which would do well in a particular environment (rising growth with rising inflation, rising growth with falling inflation, and so on)—I could construct an asset-allocation mix that was balanced to do well over time while being protected against unacceptable losses. Since that strategy would never change, practically anyone could implement it.
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Ray Dalio (Principles: Life and Work)
“
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In an organizational culture where respect and the dignity of individuals are held as the highest values, shame and blame don’t work as management styles. There is no leading by fear. Empathy is a valued asset, accountability is an expectation rather than an exception, and the primal human need for belonging is not used as leverage and social control. We can’t control the behavior of individuals; however, we can cultivate organizational cultures where behaviors are not tolerated and people are held accountable for protecting what matters most: human beings. We
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Brené Brown (Daring Greatly: How the Courage to Be Vulnerable Transforms the Way We Live, Love, Parent, and Lead)
“
The East India Company has, thankfully, no exact modern equivalent. Walmart, which is the world’s largest corporation in revenue terms, does not number among its assets a fleet of nuclear submarines; neither Facebook nor Shell possesses regiments of infantry. Yet the East India Company – the first great multinational corporation, and the first to run amok – was the ultimate model and prototype for many of today’s joint stock corporations. The most powerful among them do not need their own armies: they can rely on governments to protect their interests and bail them out.
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William Dalrymple (The Anarchy: The Relentless Rise of the East India Company)
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We still own 38 percent of the company’s stock today, which is an unusually large stake for anyone to hold in an outfit the size of Wal-Mart, and that’s the best protection there is against the takeover raiders. It’s something that any family who has faith in its strength as a unit and in the growth potential of its business can do. The transfer of ownership was made so long ago that we didn’t have to pay substantial gift or inheritance taxes on it. The principle behind this is simple: the best way to reduce paying estate taxes is to give your assets away before they appreciate.
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Sam Walton (Sam Walton: Made In America)
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Civil asset forfeiture was originally intended as a way to cripple organized crime through the seizure of property used in a criminal enterprise. Regrettably, it has become a tool for unscrupulous law enforcement officials, acting without due process, to profit by destroying the livelihood of innocent individuals, many of whom never recover the lawful assets taken from them. When the rights of the innocent can be so easily violated, no one’s rights are safe. We call on Congress and state legislatures to enact reforms to protect law-abiding citizens against abusive asset forfeiture tactics.
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Republican Party (Republican Platform 2016)
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The conservatism I shall be defending tells us that we have collectively inherited good things that we must strive to keep. In the situation in which we, the inheritors both of Western civilization and of the English-speaking part of it, find ourselves, we are well aware of what those good things are. The opportunity to live our lives as we will; the security of impartial law, through which our grievances are answered and our hurts restored; the protection of our environment as a shared asset, which cannot be seized or destroyed at the whim of powerful interests; the open and enquiring culture that has shaped our schools and universities; the democratic procedures that enable us to elect our representatives and to pass our own laws – these and many other things are familiar to us and taken for granted. All are under threat. And conservatism is the rational response to that threat.
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Vincent Bevins (The Jakarta Method: Washington's Anticommunist Crusade and the Mass Murder Program that Shaped Our World)
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The Inner Critic really wants you to be okay. It really wants you to make it in the world, to have a good job, to make enough money. It really wants you to be loved, to be successful, to be accepted, to have a family. It developed in your early years to protect your vulnerability by helping you to adapt to the world around you and to meet its requirements, whatever they might be. In order to do its job properly, it needed to curb your natural inclinations and to make you acceptable to others by criticizing and correcting your behavior before other people could criticize or reject you. In this way, it reasoned, it could earn love and protection for you as well as save you much shame and hurt. However, the Inner Critic often does not know when to stop. It does not know when enough is enough. It has a tendency to grow until it is out of control and begins to undermine us and to do real damage. Its original intent gets lost in the sands of time. Like a well-trained CIA agent, the Inner Critic has learned how to infiltrate every portion of your life, checking you out in minute detail for weakness and imperfections. Since its main job is to protect you from being too vulnerable in the world, it must know everything about you that might be open to attack from the outside. But, like a renegade CIA agent, at some point the Critic oversteps its bounds, takes matters into its own hands, and begins to operate on its own agenda. The information, which was originally supposed to be for your overall defense and to promote your general well-being, is now being used against you, the very person it was meant to protect. With the Critic’s original aims and purposes forgotten, all that is left for it is the excitement of the chase and the wonderfully triumphant feeling of conquest, as it operates secretly and independently of any outside control. When the Critic starts to outgrow its initial usefulness in this way, there is real trouble. At this point, the Inner Critic makes you feel dreadful about yourself. With your Inner Critic watching your every move, you become self-conscious, awkward, and ever more fearful about making a mistake. You may even stop trying because the Critic tells you that you are going about things all wrong and will undoubtedly fail. Although, underneath all of this, the Critic may want you to be so perfect that you will not fail, its effect is to block any attempts you might make. The Inner Critic kills your creativity. How can you possibly try anything new or different when you know that you will do something wrong?
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Hal Stone (Embracing Your Inner Critic: Turning Self-Criticism into a Creative Asset)
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The Syrian civil war was raging at this time. When we faced the press in the prime minister’s residence, Obama was asked point-blank about reports that the Syrian government had possibly used chemical weapons against opponents of Assad’s regime a day earlier. “Is this a red line for you?” a journalist asked. “I have made clear that the use of chemical weapons is a game changer,”1 he said, a reaffirmed threat heard round the world. He had first drawn a red line on this issue a few months earlier in a White House statement. Would he make good on it if it were proven that chemical weapons were actually used in Syria? Time would tell. And it did. Five months later, Assad’s forces carried out a horrific chemical attack that killed 1,500 civilians. Obama called it “the worst chemical weapons attack of the twenty-first century.”2 The entire world was shocked by the footage of little children suffocating to death. All eyes were on Obama. He was scheduled to make a dramatic announcement. Minutes before going on-air, he called me. “Bibi,” he said, “I’ve decided to take action but I need to go to Congress first.” I was astonished. American law did not require such an appeal. Syria was not about to go to war with the United States but Congress was unlikely to approve military action anyway. I hid my disappointment and rebounded with an idea that Energy Minister Yuval Steinitz had raised earlier with Ron Dermer and me in the event that Obama wouldn’t attack. The Russian military was in Syria to shore up the Assad regime and protect Russian assets in Syria, such as the strategic Russian naval base in Latakia. That was a fact we could do little to change. But Putin shared with us and the United States a desire to prevent chemical weapons from falling into the hands of Islamic terrorists who posed a threat to Russia, too. “Why don’t you get the Russians with your approval to take out the chemical stockpiles from Syria?” I suggested to the president. “We would back that decision.” This is in fact what transpired in the coming months, though some materials for chemical weapons were still left in Syria. Yet, despite these positive results, the lingering effect of Obama’s last-minute turn to Congress was the impression that red lines can be crossed with impunity and that Obama would not employ America’s massive airpower even when the situation warranted it. I should have expected this. The second important and telling exchange between Obama and me during his visit to Israel happened in private, and gave me a heads-up on how he viewed the use of American power. The day after the intimate dinner at the prime minister’s residence we met at a King David Hotel suite overlooking the Old City of Jerusalem.
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Benjamin Netanyahu (Bibi: My Story)
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Why Does Enterprise Charge a $200 Deposit?
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By now, though, it had been a steep learning curve, he was fairly well versed on the basics of how clearing worked: When a customer bought shares in a stock on Robinhood — say, GameStop — at a specific price, the order was first sent to Robinhood's in-house clearing brokerage, who in turn bundled the trade to a market maker for execution. The trade was then brought to a clearinghouse, who oversaw the trade all the way to the settlement.
During this time period, the trade itself needed to be 'insured' against anything that might go wrong, such as some sort of systemic collapse or a default by either party — although in reality, in regulated markets, this seemed extremely unlikely. While the customer's money was temporarily put aside, essentially in an untouchable safe, for the two days it took for the clearing agency to verify that both parties were able to provide what they had agreed upon — the brokerage house, Robinhood — had to insure the deal with a deposit; money of its own, separate from the money that the customer had provided, that could be used to guarantee the value of the trade. In financial parlance, this 'collateral' was known as VAR — or value at risk.
For a single trade of a simple asset, it would have been relatively easy to know how much the brokerage would need to deposit to insure the situation; the risk of something going wrong would be small, and the total value would be simple to calculate. If GME was trading at $400 a share and a customer wanted ten shares, there was $4000 at risk, plus or minus some nominal amount due to minute vagaries in market fluctuations during the two-day period before settlement. In such a simple situation, Robinhood might be asked to put up $4000 and change — in addition to the $4000 of the customer's buy order, which remained locked in the safe.
The deposit requirement calculation grew more complicated as layers were added onto the trading situation. A single trade had low inherent risk; multiplied to millions of trades, the risk profile began to change. The more volatile the stock — in price and/or volume — the riskier a buy or sell became.
Of course, the NSCC did not make these calculations by hand; they used sophisticated algorithms to digest the numerous inputs coming in from the trade — type of equity, volume, current volatility, where it fit into a brokerage's portfolio as a whole — and spit out a 'recommendation' of what sort of deposit would protect the trade. And this process was entirely automated; the brokerage house would continually run its trading activity through the federal clearing system and would receive its updated deposit requirements as often as every fifteen minutes while the market was open. Premarket during a trading week, that number would come in at 5:11 a.m. East Coast time, usually right as Jim, in Orlando, was finishing his morning coffee. Robinhood would then have until 10:00 a.m. to satisfy the deposit requirement for the upcoming day of trading — or risk being in default, which could lead to an immediate shutdown of all operations.
Usually, the deposit requirement was tied closely to the actual dollars being 'spent' on the trades; a near equal number of buys and sells in a brokerage house's trading profile lowered its overall risk, and though volatility was common, especially in the past half-decade, even a two-day settlement period came with an acceptable level of confidence that nobody would fail to deliver on their trades.
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Ben Mezrich (The Antisocial Network: The GameStop Short Squeeze and the Ragtag Group of Amateur Traders That Brought Wall Street to Its Knees)
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The Global Financial Crisis of 2007–08 represented the greatest financial downswing of my lifetime, and consequently it presents the best opportunity to observe, reflect and learn. The scene was set for its occurrence by a number of developments. Here’s a partial list: Government policies supported an expansion of home ownership—which by definition meant the inclusion of people who historically couldn’t afford to buy homes—at a time when home prices were soaring; The Fed pushed interest rates down, causing the demand for higher-yielding instruments such as structured/levered mortgage securities to increase; There was a rising trend among banks to make mortgage loans, package them and sell them onward (as opposed to retaining them); Decisions to lend, structure, assign credit ratings and invest were made on the basis of unquestioning extrapolation of low historic mortgage default rates; The above four points resulted in an increased eagerness to extend mortgage loans, with an accompanying decline in lending standards; Novel and untested mortgage backed securities were developed that promised high returns with low risk, something that has great appeal in non-skeptical times; Protective laws and regulations were relaxed, such as the Glass-Steagall Act (which prohibited the creation of financial conglomerates), the uptick rule (which prevented traders who had bet against stocks from forcing them down through non-stop short selling), and the rules that limited banks’ leverage, permitting it to nearly triple; Finally, the media ran articles stating that risk had been eliminated by the combination of: the adroit Fed, which could be counted on to inject stimulus whenever economic sluggishness developed, confidence that the excess liquidity flowing to China for its exports and to oil producers would never fail to be recycled back into our markets, buoying asset prices, and the new Wall Street innovations, which “sliced and diced” risk so finely, spread it so widely and placed it with those best suited to bear it.
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Howard Marks (Mastering The Market Cycle: Getting the Odds on Your Side)
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The U.S. government’s Thrift Savings Plan, developed for the country’s civilian and military employees, serves as a possible model. At the end of 2003, the plan contained $128.8 billion in assets distributed across five funds. Four of the funds track well-known indices, namely the large-capitalization-stock S&P 500 Index, the small-capitalization-stock Wilshire 4500 Index, the developed-foreign-stock MSCI EAFE Index and the broadly inclusive domestic bond Lehman Brothers U.S. Aggregate Index. From a security selection perspective, the U.S. government protects its employees from playing the negative-sum game of active management.
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David F. Swensen (Unconventional Success: A Fundamental Approach to Personal Investment)
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Bolts’ solution was for the Crown to take over Bengal as a government colony, so ending the asset-stripping of the province by a for-profit Company. Throughout, Bolts addressed himself to the King, suggesting that he should assume his rightful position and extend his benign hand to protect his ‘subjects in Asia’, whether British or Indian. The book was full of embittered half-truths and false accusations; and many of the worst abuses enumerated were actually the work of Bolts himself, along with his friend Ellis. But Considerations was
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William Dalrymple (The Anarchy: The Relentless Rise of the East India Company)
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When you think of yourself as an actual business, you shift your perspective from “I collect a paycheck” to “I am on a mission.” A mission not only to earn money to pay your bills, but a mission to stay healthy so you can do that, a mission to inspire others, a mission to leave things better than you found them, a mission to do work that matters, and a mission to hustle for joy over stress. A badass CEO Fear Boss doesn't do basic. Basic is still in bed. You are awake and ready. Ready to do the work required to protect your assets.
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Protect your assets with the proper types and amounts of insurance. Insurance is for protection. It’s not an investment. Don’t confuse the two.
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Taylor Larimore (The Bogleheads' Guide to Investing)
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By effectively protecting its assets and interests, a think tank can ensure its sustainability, credibility, and continued influence in the global policy landscape.
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Peter Kareiva, chief scientist for The Nature Conservancy, articulates a growing realization among environmental organizations: “We have to stop thinking of protected areas as ‘protected from people’ and recast protected areas as resources and assets that are ‘protected for people.
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Stewart Brand (Whole Earth Discipline: Why Dense Cities, Nuclear Power, Transgenic Crops, Restored Wildlands, and Geoengineering Are Necessary)
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German industry’s efforts reveal the moral bankruptcy of this group during the later Hitler years. They proved to be willing to engage in risky conspiracies to protect their company positions and corporate assets, but not to save the lives of the concentration camp inmates who worked for them.
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Christopher Simpson (The Splendid Blond Beast: Money, Law, and Genocide in the Twentieth Century (Forbidden Bookshelf Book 24))
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What threat actors are interested in my organization's industry? What threat actors are known for targeting my area of operation? What threat actors could target my organization in order to reach another company I supply a service for? Has my organization been targeted previously? If so, what type of threat actor did it? What were its motivations? What asset does my organization need to protect? What type of exploits should my organization be looking out for?
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Valentina Costa-Gazcon (Practical Threat Intelligence and Data-Driven Threat Hunting: A hands-on guide to threat hunting with the ATT&CK™ Framework and open source tools)
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Think of all the locks, security systems, and storage units we use to protect our property and how little we do to protect our time. Our most precious asset—our time—is unguarded, just waiting to be stolen. If we don’t plan our days, someone else will.
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Nir Eyal (Indistractable: How to Control Your Attention and Choose Your Life)
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He didn’t give a good goddamn about New Terra or Ilus or whatever the unpleasant ball of mud under them got called. He cared about the people. The ones on the Israel and the ones on the Barbapiccola and the ones on the surface. All of them. Staking a claim that the corporation could use to protect its assets after they all died just wasn’t good enough.
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James S.A. Corey (Cibola Burn (Expanse, #4))
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If you can’t figure out what category your stocks are in, then ask your broker. If a broker recommended the stocks in the first place, then you definitely ought to ask, because how else are you to know what you’re looking for? Are you looking for slow growth, fast growth, recession protection, a turnaround, a cyclical bounce, or assets?
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Peter Lynch (One Up On Wall Street: How To Use What You Already Know To Make Money In)
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The information possessed by an organization is among its most valuable assets and is critical to its success. The Board of Directors, which is ultimately accountable for the organization’s success, is therefore responsible for the protection of its information. The protection of this information can be achieved only through effective management and assured only through effective board oversight.
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Robert urges those who own legitimate assets to find out more about corporations’ benefits and protections. Garret Sutton’s books are among many that can help.
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Robert T. Kiyosaki (Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!)
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As was the Wintersvilla Warrior custom during times of relaxation, Myriam walked toward Shira fully nude, her large, unbound breasts bouncing freely with each of her steps, though Shira was in no shape for even scant arousal. It wasn’t seduction or sexuality that created the custom, but rather, a sign of a true warrior who had nothing to fear and could relax in her bare skin and ports without worrying about lacking in safety, let alone being concerned with trivialities like modesty. It was by this same logic that Wintersvilla Women did battle wearing nothing more than a thin chest-binder to stabilize their breasts, a light undergarment to avoid dirt or grime in their genitals, and a personal sidearm sheath and straps that were more like permanent fixtures of a warrior’s body. The rest of their body remained gloriously and pleasantly exposed. It was said by the greatest Wintersvilla Women, including Shira when she was younger, that anyone unable to sync thoroughly enough with their exo so that it didn’t protect them from every projectile or peril of the Earth was a liability, not an asset. A warrior’s bare and often deeply scarred skin was visible proof of her internal control of fear.
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E. S. Fein (Mendel's Ladder (The Collected Histories of Neoevolution Earth #1))
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Yeah, my dad gets after me because, like I said, I talk a lot. And I’ve learned now not to open up to just anybody. I befriend anybody and sometimes that person can be somebody really bad. You meet people on the road, you don’t know how they are, you know? They can be dressed nice and be really nice to you but they turn around and they’ll say bad things about you, and that’s what I mean. You can get hurt a lot that way.” She admitted to Harmes the need to be more wary. Maybe it was because her father sheltered her and protected her so zealously. Maybe it was simply her nature. Whatever it was, Selena’s openness may have been an asset on stage and dealing with her public, but away from the public eye, that quality became a liability. “I’ve been hurt a lot in the past by friends, you know. I get taken advantage of real easy in the sense that — it can be anything. How can I say it? I trust too easily. That’s my problem. And I end up getting hurt in the long run. This happened to me a lot. I’m so stupid. But you try to help somebody out and you think you are doing okay and in the long run you’re the one who’s going to be losing out. Not that I’m saying that you shouldn’t help people out. But it’s just — it’s kind of hard to explain ’cause you don’t know the situation, you know what I mean? But I’m sure you can understand, in a way.
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Joe Nick Patoski (Selena: Como la Flor)