When planning your menu for the restaurant you're launching, you can’t just tell suppliers “send the right amount of sea bass.” You have to give an actual number. Figuring out budgets and resource allocation for a restaurant (especially with your moody clientele) is hard.
- Alpha. It means "smarts", more or less. If you have a lot of it, you will have made good risk-reward-related bets in the land of investing and/or trading and you'll be that geek on the boat.
- Beta. Volatility. Risk. It's the key calculus driver in assessing the Street's view of how to price risk.
- Theta. Time, specifically the decay of time in options that creep slowly toward expiry.
They switched mailing addresses. Headquarters. The dazzling headline was basically "About A Third Of The Top 500 Execs Are Moving To The East Coast" - and a sub-titled "Into Two Buildings". That was more or less the crux of the story. Huge screamy national news. Sorta of the same global import as the Normandy Beach storming, right?
That's how big Amazon has become. That's how powerful they are. Are they a monopoly now? Are they that good? ("Yes, monopolies are in fact good if you own one." - Bill Gates) But of course they're not a monopoly .. yet. Maybe they have a call option on being one. David Faber is even threatening to do a story on them: The Amazon Generation (when he produced for CNBD The Wal Mart Generation, it was within 5 minutes of WMT's peak).