April 29, 2013

Free Cookies….. Again…


As many of you know, I now live in Mongolia and am focused on building Mongolia Growth Group Ltd. (YAK:Canada or MNGGF:USA). As it is a public company, I have always felt that this website was not the appropriate venue to discuss the company. I will host a corporate update presentation and reception for shareholders and interested investors on May 9, 2013 at New Read More
Categories: Comments On Events
Positions Mentioned:
March 27, 2013

Worst Bailout…. EVER


In the history of bank bailouts, the government always has some inspiring social message to justify spending taxpayer money. Usually, it’s in the name of stability; we’ve made the system stronger, we’ve rescued depositors, we’ve inspired confidence. Even the mundane; we simply had no choice, sometimes is sufficient. After reading dozens speeches and articles on the subject, the ECB’s mantra on the Cyprus bailout Read More
Categories: Comments On Events
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March 17, 2013

EUR All So Stupid… How To Create A Banking Crisis, ECB Style


In the slow motion train wreck, which is the gradual disintegration of the Euro, the only thing that never ceases to amaze me, is the determination of the bureaucrats to create perpetual crisis. Despite all of the indecision and lack of cohesion on strategy, nothing like Saturday’s Cypriot bailout had seemed possible. In the end, a continent of socialists seemed unlikely to actually go Read More
Categories: Comments On Events
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March 4, 2013

Seven Years Is A Long Time To Wait….


  If there is one inexorable rule of investing, it is that over time, governments will do everything and anything needed to increase their tax revenues—even if it means sacrificing the moral high ground that they previously defended during election time. Nowhere has this appeared more obvious to me than when it relates to internet gambling. When its election time, the politicos all claim Read More
Categories: Investments
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January 25, 2013

Exiting TITN


Yesterday, I sold all of my Titan Machinery (TITN: NASDAQ) for almost a 40% gain in four months. I like the company, like the business model and think it’s a long term winner. At today’s valuation, it’s not particularly expensive or cheap. “Fairly valued” is probably the phrase that I would use. Throughout my career, I have made a whole lot of money buying Read More
Categories: Investments
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