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July 2, 2014

Bear Raids 2.0


Two weeks ago, I received a spam email from Prescience Point Research, asking me to click a link (LINK TO THESIS) and see a short selling thesis on Chicago Bridge & Iron (CBI: USA). I read about a third of the report, found the allegations regarding CBI to be intriguing but quickly lost interest. I have no position in the stock, don’t short stocks ... Read More
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June 10, 2014

The Era Of Cheap Oil Is Over


The greatest honor in the blogosphere is to be quoted by another blogger. I will now return the favor to my friend at Buyside Notes who has done an excellent job of expanding upon my Kashagan piece, to show all of the many reasons that oil prices will not be declining any time soon. I have found his writing to be very informative and ... Read More
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June 7, 2014

This Is How The Banks Created The Last Crisis Part II


  Yesterday, I walked into my local bank branch to get a reference letter needed for a travel visa (long story…) and I was immediately pounced on by tellers hungry for a commission. “Do you have a HELOC??” If you remember from Part I of this series, in December, I didn’t qualify for any sort of standard loan product since my irregular income meant that ... Read More
Categories: Comments On Events
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June 2, 2014

Do You Remember Gadzooks??


Do you remember Gadzooks? Probably not (yet it had over 400 stores only a decade ago). In five years, I’ll be able to ask you the same question about Wet Seal (WTSLA), Aeropostale (ARO), Body Central (BODY), Cache (CACH) and Pacific Sunwear (PSUN). You won’t remember any of these because, despite having spent tens of millions a year in marketing, they have no brand ... Read More
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May 26, 2014

Kashagan


Ever since oil prices bottomed in 2002, people have wanted to believe that new supply would reduce prices. Over the past decade, they’ve talked about increased Iraqi and Libyan oil; there has been the promise of tar sands and Brazilian pre-salts and now they’re talking about shale oil. Yet, despite all of this talk, world oil production has plateaued for years. The simple truth ... Read More
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May 8, 2014

#Unlock


  I’ll be the first to admit that I have no idea how to value Twitter (TWTR: USA). For that matter, I don’t even know how to tweet. However, if you liked the stock on Monday, you must really like it today (Wednesday)—two days later—nothing has changed at the business, yet the shares are down by nearly 25%. Why are the shares down so ... Read More
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May 5, 2014

Heat Map Of Corruption


For years, people have relied on Transparency International’s Corruptions Perceptions Index (CPI) as the global arbiter of corruption amongst various countries. Therefore, I was quite surprised when I looked at the recently released “heat map” showing which countries are corrupt (red) and which are not corrupt (yellow). Within seconds of looking at the map, I was struck with a question—why are the English speaking ... Read More
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March 16, 2014

Russian (And American) Roulette…


I had been planning to write a piece on the Ukraine (with its revolution and all), but then I saw the following article on “Truth & Beauty […And Russian Finance].” I cannot equal this piece, so I will not try. For that matter, few websites have been more uniquely adept at demystifying Russia, while remaining prescient in calling investable global macro trends. I very highly recommend ... Read More
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December 18, 2013

This Is How The Banks Created The Last Crisis…


In the 9 years that I have lived on Miami Beach, I have always rented instead of buying a home. To me, it was simple math, my rent was less than the combination of property taxes and condo fees—I felt like I was way ahead, even before considering all of the other expenses of property ownership like maintenance and insurance. Unfortunately, this hasn’t always ... Read More
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