Daily Interest Rate Monitor – February 28
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View ArticleCould The Biggest Success For Natural Gas Vehicles Be At Sea?
As natural gas becomes ever more prevalent as a global fuel, there are increasingly more inventive ways of both consuming and transporting it. While here in the US there is ever greater focus on CNG...
View ArticleDaily ETF Roundup: Early Morning Rally Sizzles, Stocks Close In Red
Wall Street seemingly took a breather today, with stocks reversing their earlier gains in the last minutes of trading to close lower. The Dow rallied earlier in the day, reaching just 20 points shy of...
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The Odds Are Very High That Stocks Crater 40% By Fall
I don't relish the job of constantly pointing out the risks to the equity markets. But since few on Wall Street seem willing (or able) to do this, I'm "making the call" for a market correction, as...
View ArticleEconomic Death By A Thousand Cuts
For some inexplicable reason, the stock market seems to be ignoring the "sequester" that goes into effect tomorrow (March 1st), and we believe the economy will be significantly affected by it. The...
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These Charts Dispel A Big Myth Everyone Believes About The Value Of The Dollar
This Great Graphic was posted on the FT Alphaville, which in turn appears to have gotten it from Credit Suisse, who relied on Thomson Reuters data.A prevalent monetarist argument is that foreign...
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Everyone Will Take The Blame When The Sequestration Worst-Case Scenario Comes...
I think the President has done an excellent job of scaring the crap out of everyone over the sequester. The administration has used all of the key department heads to get on national TV and warn the...
View ArticleFrom $8 a Month to $20 Billion
“Twenty-five years ago, when Zong Qinghou was 42, he made his living selling soft drinks and popsicles to schoolchildren. He says he earned about $8 a month — less than a third of China’s average wage...
View ArticleDiworsification
“The idea that you should own a little bit of everything is a concept rooted in market efficiency. If the markets are efficient, you cannot outperform anyway, so by owning a bit of everything in just...
View ArticleChess and the Efficient Market Hypothesis
“The efficient market hypothesis assumes that markets can’t be beat because everyone has the same information. This reasoning is conceptually flawed. Even if everyone had all the same information,...
View ArticleKick Off the New Year With Poker in Biloxi!
What better way to kick off the New Year than with a juicy large-field poker tournament?Jack and Mike will be spending the first weekend of the year (Jan 4-9) in Biloxi MS for the annual Million Dollar...
View ArticleConstructive Paranoia
“Consider: If you’re a New Guinean living in the forest, and if you adopt the bad habit of sleeping under dead trees whose odds of falling on you that particular night are only 1 in 1,000, you’ll be...
View ArticleHow Not To Be a Turkey
“A turkey is fed for a thousand days by a butcher; every day confirms to its staff of analysts that butchers love turkeys “with increased statistical confidence.” The butcher will keep feeding the...
View ArticleBig Enough to Be Useful, Small Enough to be Possible
“When I saw that screen light up that day in the Merrill Lynch offices, I lost any residual doubt that Bloomberg could make it. We had picked just the right project. It was big enough to be useful,...
View ArticleLessons in Hubris from the Herbalife Spectacle
“I beseech thee, in the bowels of Christ, think it possible you may be mistaken.” ~ Oliver Cromwell, to the General Assembly of KirkIt’s interesting when traders (and investors) blow up. Sometimes you...
View ArticleRegulatory Alert: Crowdfunding As a Fundraising Mechanism
MM comment: The following is courtesy of our legal counsel, Cott Law Group, P.C. The information was compiled and written by Alexander Meier. If you have further questions about crowdfunding or any...
View ArticleThe Journey, Part V: Global Opportunities
After an unexpectedly long pause, we resume “The Journey: From Floor Trader to Family Office Manager.” (If you haven’t read Part I, go back and start here.)In Part IV, Long-Term Transition, we looked...
View ArticleEmbrace Optionality and Don’t Drink Orange Juice: “Antifragile” Review
Nassim Taleb’s “Antifragile” is one of the most engaging books I’ve read in years. You should almost certainly make time for it. But if you can’t, here is a top-of-mind recap (summarizations...
View Article2013 Resolution: Maximizing FLOW
On the drive to an abbreviated New Year’s Day poker session (which yielded +$1K in two hours, a good omen for the year ahead), an FM radio DJ presented the following stats:45% of Americans make new...
View ArticleModern Portfolio Theory is for Nitiots
In the following paragraphs, we shall defend the assertion that Modern Portfolio Theory is for Nitiots.To begin, let us define our terms:Modern Portfolio Theory (via investopedia): “A theory on how...
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