Economy


May

19

2017
Wall Street’s Greatest Magician

Wall Street’s Greatest Magician

“Every great magic trick consists of three parts or acts. The first part is called “The Pledge”. The magician shows you something ordinary: a deck of cards, a bird or a man. He shows you this object. Perhaps he asks...

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Jun

24

2016
You Know Nothing, So Invest Like It

You Know Nothing, So Invest Like It

“The more I learn, the more I realize how much I don’t know.” When I sat down to write my blog post this week, it started like this: “China, Grexit, Ebola, China, Brexit, Taper, Donald Trump, Russia, China, Oil, Debt...

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Sep

23

2015
The Bear Market Paradox

The Bear Market Paradox

Michael Covel pointed out a great quote in a recent episode of his popular Trend Following podcast.  The quote came from a white paper authored by Graham Capital Management (emphasis my own): …“events” do not happen in a vacuum. They...

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Aug

24

2015
Weekend Reading 8/21/2015

Weekend Reading 8/21/2015

Chickity China the Chinese market is the flavor of the month.  During the first half of the summer, olives, feta cheese and gyros dominated the headlines.  Now, as worries about an economic slowdown in China creep into the markets, the...

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Aug

12

2015
Oil Decline May Present Opportunity in MLP CEFs

Oil Decline May Present Opportunity in MLP CEFs

I thought I’d share a very general investment idea that with further diligence, could develop into a decent opportunity.  Given the recent decline in oil prices, I decided to look at closed-end funds (CEFs) that hold master limited partnerships (MLPs). Investopedia has...

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May

28

2015
No More Monthly Happy Meals

No More Monthly Happy Meals

Yesterday I was talking with a friend who works for a major technology company about the way many public companies are forced to live quarter to quarter.  Information that is relatively obscure and difficult to decipher when viewed on a...

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Apr

15

2015
Positioning for a “3-D Hurricane”

Positioning for a “3-D Hurricane”

Rob Arnott’s Research Affiliates is a global leader in innovative investment strategies and research.  Rob founded RA with the idea that there were better ways to construct investment models than traditional indexing.  Today, his ideas of fundamental indexing, better known as...

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