As promised, I began writing about collateral in the system and quickly realised that it’s a bit like a putting together one of those children’s toy cars that comes in a box saying “ready to go” when in fact it really isn’t. You have to spend 15 minutes finding batteries which
As a teenager brimming with testosterone my reptilian brain loved action movies. Top of my list were Steven Seagal movies. Clearly it wasn’t for his acting skills, which are only marginally better than Barney the dinosaur. What I loved about Seagal was that he was both deadly and terribly fast.
Trade them, yes. But NEVER invest in them. A reader asked me some time back what I thought about a particular ETF. I told him I often hate ETFs and promised to provide a more detailed explanation as to why some day. Today is that day. ETFs which simply hold equities
Years ago it seemed that when you hit 65 you’d retire, receive a gold watch, and proceed to spend your pension money on a rocking chair and pot plants. Ten years later you’d be in a box and, since pot plants are cheap, the cost of keeping you alive wasn’t prohibitive. Not anymore. Today
I apologise in advance today. I don’t have any humour in me, or anything much positive to say – mostly just sadness and a reflection on much of what we’ve been discussing on this blog. Raoul Pal quite correctly mentions that in recessions bad things happen. I don’t think he meant
So when I came to you ragged, exhilarated, and a little bit richer two weeks ago, I referenced a buddy who I’m really grateful to know. Why? Because he’s a better trader than I am and surrounding yourself with smarter people than you sure ain’t a bad strategy. Today I bring
I’ve been inundated with questions from many of you following the recent events. Brexit, that is, not Justin Timbertrouser’s latest antics. While I can’t publish all of them, I’ve selected what I think are some of the most important ones. A lot of questions were related to positioning during and post Brexit.