P1-Intro Mueller Report Audiobook

I read the Mueller Report released on April 18, 2019. This is an introduction to the Special Counsel’s Russia Investigation Report that stretches 448 pages. This is a reading of the first two pages. If a lot of you watch, I’ll keep recording readings. You can download the full Mueller Report.

report

Special Counsel Robert S. Mueller III was a former FBI director appointed by Rod Rosenstein Deputy Attorney General in May 2017 to investigate Russian Interference into the 2016 election between Hilary Clinton and Donald J. Trump. Mueller finds that the Russians did try to influence the 2016 election in favor of Donald Trump and did have contacts with the Trump campaign in the 2016 election, but they did not find enough evidence to bring the charge of conspiracy.

Clip from public domain WH.gov video “President Trump Delivers Remarks and Signs an Executive Order on Energy & Infrastructure”

Public domain Department of Justice photo of Robert S. Mueller as FBI director.

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Don’t LIKE me, YT Algorithm! View me. YouTube likes & dislikes % ratio 2019

If you want more views on YouTube, get more DISLIKES. Getting a lot of dislikes, contrary to popular opinion, is not a bad thing. It may even be an indicator that you have set off the YouTube search and discovery algorithm. Dr. Linus Wilson discusses his new research on the YouTube algorithm that shows that getting more dislikes or a lower like percentage is associated with getting MORE views and a higher click-through rate (CTR). CTR is the most important factor in triggering the YouTube algorithm’s search and discovery recommendations. Video creators who try to manipulate the like to dislike ratios or percentages are ultimately misguided. There are much better calls to action that they could make to their views like subscribing or recommending another video. Controversial or newsy topics may be more clickable and inspire higher CTR and higher watch time.

This is based on Dr. Wilson’s study “Clickbait Works! The secret to getting views with the YouTube algorithm”

Wilson, Linus, Clickbait Works! The secret to getting views with the YouTube algorithm (April 9, 2019). Available at SSRN:
https://ssrn.com/abstract=3369353

Click the link. Hit the download button. Click the link to download without registering below the dude’s picture. Prove you are not a computer, and you have the algorithm study that can blow up your channel for FREE.

Abstract
In 2018, YouTube began releasing click-through rates (CTR) data to its video creators. Since 2012, YouTube has emphasized how it favors watch time over clicks in its recommendations to viewers. This is the first academic study employing that data to test what matters more for views on YouTube. Is watch time or CTR more important to getting views on YouTube? This paper finds no to limited evidence that higher percent audience retention or and total average watch time per view are associated with more views on YouTube. Instead, videos with higher CTR got significantly more views as did videos on trending or newsworthy topics. The marginal benefit in terms of views scaled by subscribers of increased CTR is between 71 and 318 times larger than the marginal benefits of increased watch time per view.

Keywords: YouTube, algorithm, search, discovery, video, CTR, click-through rates, clickbait, watch time, audience retention, neural networks, recommendation systems

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http://www.linuswilson.com
http://www.financeprofessor.org

Ep. 11: “Clickbait Works! The secret to getting views with the YouTube algorithm” by Linus Wilson on the Finance Professor Podcast

Professor Linus Wilson discusses his new paper “Clickbait Works! The secret to getting views with the YouTube algorithm on episode 11 of the Finance Professor Podcast.” There is a lot of contradictory advice about what metrics the largest video sharing site in the world and the second largest social network promotes. Using a new data set available to YouTube creators starting in 2018, Dr. Wilson finds that click-through rates are by far the most important predictor of a new video getting views from YouTube’s black-box recommendation system.

The link is https://ssrn.com/abstract=3369353

Click the download button for a free download. Next, if you don’t want to register or login with SSRN, click “Download without registration” under the gray text under the picture of Greg Gordon.

“Clickbait Works! The secret to getting views with the YouTube algorithm”

By Dr. Linus Wilson

Abstract

In 2018, YouTube began releasing click-through rates (CTR) data to its video creators. Since 2012, YouTube has emphasized how it favors watch time over clicks in its recommendations to viewers. This is the first academic study employing that data to test what matters more for views on YouTube. Is watch time or CTR more important to getting views on YouTube? This paper finds no to limited evidence that higher percent audience retention or and total average watch time per view are associated with more views on YouTube. Instead, videos with higher CTR got significantly more views as did videos on trending or newsworthy topics. The marginal benefit in terms of views scaled by subscribers of increased CTR is between 71 and 318 times larger than the marginal benefits of increased watch time per view.

Journal of Economic Literature Codes:  D12, D22, D26, D83, D85, L15, L21, L82, L86, M15

Keywords:  YouTube, algorithm, search, discovery, video, CTR, click-through rates, clickbait, watch time, audience retention, neural networks, recommendation systems

Wilson, Linus, Clickbait Works! The secret to getting views with the YouTube algorithm (April 9, 2019). Available at SSRN: https://ssrn.com/abstract=3369353

For all of Linus Wilson’s research go to

www.financeprofessor.org

clickbait

Secret Wall Street Bailout Uncovered – Broken Bucks: Money Funds & Taxpayer Guarantees

Find out about the secret $2.7 trillion bailout of Money Market Mutual Funds MMMFs in 2008. The collapse of Lehman Brothers its commercial paper default caused the Primary Reserve Fund to “break the buck” or sell for less than $1.00 per share. Linus Wilson presents his paper at the Southwest Finance Association (SWFA) & Federation of Business Disciplines (FBD) conference at the Hyatt Regency in Houston, Texas on March 15, 2019.

Wilson, Linus, Broken Bucks: Money Funds that Took Taxpayer Guarantees in 2008 (August 28, 2015). Available at SSRN: https://ssrn.com/abstract=2195358 or http://dx.doi.org/10.2139/ssrn.2195358

The U.S. Treasury rolled out a bailout guarantee on September 19, 2008 without Congressional approval using the exchange rate stabilization fund led by Hank Paulson, David Nason, and Steve Shafran. Paulson and Shafran were Goldman Sach alums (p. 263) ON THE BRINK by Henry Paulson.

Broken Bucks: Money Funds that Took Taxpayer Guarantees in 2008
42 Pages Posted: 2 Jan 2013 Last revised: 29 Aug 2015
Linus Wilson
University of Louisiana at Lafayette – College of Business Administration

Date Written: August 28, 2015

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Abstract
This is the first study to look at the characteristics of funds accepting the $2.7 trillion taxpayer guarantee of money market mutual funds during the 2008 financial crisis. Funds with lower asset maturities were significantly less likely to need federal or sponsor bailouts. Fund shares that benefited from Federal Reserve’s asset-backed commercial paper program were significantly more likely to get bailed out by taxpayers and sponsors. Finally, the paper tests if funds adhering to the SEC’s 2010 liquidity reforms prior to their enactment were less likely to be bailed out in 2008.

Keywords: breaking the buck, bailout, Dodd-Frank, DLA, exchange rate stabilization fund, Financial Stability Oversight Council (FSOC), guarantees, liquidity, money market mutual funds, Primary Reserve Fund, regulation, SEC, Securities and Exchange Commission, U.S. Treasury, WAL, WAM, WLA

JEL Classification: G01, G18, G22, G23, G28, H12, H81, L5

Music by http://www.BenSound.com
(c) Linus Wilson, 2019
http://www.linuswilson.com
http://www.financeprofessor.org

U.S. Treasury portrait of Secretary Henry Paulson was completed in 2010 image at https://www.treasury.gov/about/history/pages/Steven Shafranhmpaulson.aspx
by Aaron Shikler

Ranking the Fed Doves & Hawks | Yellen to Martin FOMCs by Linus Wilson

This video ranks the Federal Reserves based on the tenure of their chairs from William McChesney Martin, Jr. to Janet L. Yellen, using data from 1958 through 2018.

This reading of “A Dove to Hawk Ranking of the Martin to Yellen Federal Reserves” by Linus Wilson.

Inflation “doves” are willing to tolerate more inflation than inflation “hawks.” Comparing the Taylor (1993) rule and core inflation to the effective fed funds rates, it is found that the Yellen Fed is the most dovish Fed since 1958.

The tenures of the following Federal Reserve (FOMC) Fed Open Market Committees are analyzed based on core inflation (CPI-U) without food or energy prices, unemployment, fed funds rates and the Taylor rule:
Janet L. Yellen
Ben S. Bernanke
Arthur F. Burns
G. William Miller
William McChesney Martin, Jr.
Alan Greenspan
Paul A. Volcker

The paper quotes or cites some of the speeches of Janet Yellen.

It was written by Linus Wilson, Associate Professor of Finance at the University of Louisiana at Lafayette. The views expressed are his alone.

The Yellen Fed is found to be the most dovish in history based on its setting of short-term interest rates relative to inflation. This paper looks at the interest rate setting policy of the Federal Reserve going back to the chairmanship of William McChesney Martin, Jr. and ending with the Janet Yellen’s tenure as chair. The Yellen Fed lacked a recession or banking crisis that may have justified the negative real interest rate policy of the Bernanke Fed. For its four years, the Yellen Fed succeeded in having falling unemployment and low inflation with negative real interest rates.

The link to get the paper is below:
Wilson, Linus, A Dove to Hawk Ranking of the Martin to Yellen Federal Reserves Available at SSRN: https://ssrn.com/abstract=2529195 or http://dx.doi.org/10.2139/ssrn.2529195

The views expressed are of Linus Wilson alone.
Music by http://www.BenSound.com
Public domain photos of the Fed chairs from the U.S. Federal Reserve.
(c) 2018, Linus WilsonDoveThumb1280by720

Find the Cost of DEBT with free FINRA data

In this video, Professor Linus Wilson calculates the weighted average cost of debt using FINRA data. Calculating the cost of debt is important for corporations making capital budgeting decisions as a key component of the company cost of capital as measured by the Weighted Average Cost of Capital (WACC). Finding a company’s cost of debt is important for business valuation.

FINRA stands for the Financial Industry Regulatory Authority.

https://fnan.podbean.com/
https://itunes.apple.com/us/podcast/the-finance-professor-podcast/id1226939293?mt=2
https://www.stitcher.com/podcast/linus-wilson/the-finance-professor-podcast
http://www.linuswilson.com
http://www.financeprofessor.org

Music by http://www.BenSound.com

We mentioned chapter 14 (Cost of Capital) in

Stephen A. Ross, Randolph W. Westerfield, and Bradford D. Jordan, 2013, Fundamentals of Corporate Finance: Alternate Edition, 10th ed., New York: McGraw-Hill Irwin, (ISBN: 978-0-07-747945-9).

This video does not represent the views of the University of Louisiana at Lafayette, FINRA, or the authors of Fundamentals of Corporate Finance. This is not investment advice.