Venkatesh Rao ☀️
@vgr
Gonna start talking about basis points instead of percentages so I sound like I understand finance. Omigod it’s over 9000 basis points!
5 replies
0 recast
18 reactions
Mike | Abundance 🌟
@abundance
What's basis points?
1 reply
0 recast
1 reaction
Venkatesh Rao ☀️
@vgr
1 BP = 0.01%age point. It’s a clean way to talk about absolute changes in percentages. Like interest rate going up from 3 to 3.5 is 50bp
1 reply
0 recast
0 reaction
