"Horse sense is the thing a horse has which keeps it from betting on people" - W.C. Fields
"Horse sense is the thing a horse has which keeps it from betting on people" - W.C. Fields
"If people do not believe that mathematics is simple, it is only because they do not realize how complicated life is." - John von Neumann
My colleague David de la Nuez (PhD Operations Research) and I build on the linear algebra from our prior video to show how to set up sources and uses and cash flows for a hypothetical three bond deal. Dr. David then solves the linear program using a few simple lines of MATLAB code; doesn't get much juicier than this, don't miss it!
Read MoreThis video builds on the overwhelming popularity of our first video on using linear algebra to structure bond deals in public finance and lays out a technique for applying a basic optimzation algorithm to simultaneously size and amortize a $100 million municipal bond deal, from 10 years out to 3,000 (just for fun).
"If people do not believe that mathematics is simple, it is only because they do not realize how complicated life is." - John Louis von Neumann
Topics: public finance, debt structuring, bond sizing, linear algebra
We are honored this week to have a guest post from Win Smith, author of the The Well-Tempered Spreadsheet. Win is the president of Win Analytics LLC, an independent research and advisory firm.
Topics: financial economy, public finance, Economist
"What is the difference between a taxidermist and a tax collector? The taxidermist takes only your skin." - Mark Twain
Topics: tax-exempt financing, tax risk, tax policy
- On of my few shortcomings is that I can't predict the future. - Lars Ulrich
Topics: tax risk, BABs, build america bonds
