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August 10, 2020

A Warning To The Compounder Bros…


Once a quarter, I spend a Sunday reading through all the quarterly fund letters that have accumulated in my inbox. Of course, I’m selfishly seeking out stock ideas, but by reading over a hundred letters in a single sitting, I can better pick out trends in positioning and other nuances. Despite everyone claiming to be contrarian, the vast majority of fund managers know each ... Read More
Categories: Comments On Events
Positions Mentioned:
August 5, 2020

Stop Shorting “Project Zimbabwe”


I have spent a lot of time on this site speaking about “Project Zimbabwe” as this period is so poorly understood and if you get it wrong, you’ll get annihilated. I have also written about how it’s getting strange out there as stocks no longer seem to have floors or ceilings on valuations. The moves are increasingly sudden and random as the active manager ... Read More
Categories: Comments On Events
Positions Mentioned:
July 16, 2020

Did The Market Actually Recover From COVID-19…???


Here’s the head-scratcher; -On one side, we have wave 2 of COVID-19, complete with new restrictions in multiple counties and states. Roughly 30 million people are out of work. Thousands of businesses are failing each week due to government COVID-19 mandates. Rent and mortgage payments are increasingly delinquent and all of this is before the fiscal stimulus tapers off. -On the other side, the ... Read More
Categories: Comments On Events
Positions Mentioned:
July 13, 2020

You’re Probably Gonna Get It…


At this site, I’ve never shied away from unpopular truths—in fact, I think that shining light upon them is vital to logical thought and solid investment returns. With that out of the way, I’m going to dive into the klusterfukety global government response to COVID-19. Oddly, despite science being fact-based, each country charted its own path—showing that the pandemic itself is a political adventure ... Read More
Categories: Comments On Events
Positions Mentioned:
June 14, 2020

MMT Going Mainstream…


My good friend Kevin Muir from Macro Tourist (I highly recommend that you subscribe) has been banging on about Modern Monetary Theory (MMT) for ages. I’ll admit, some of his pieces have been difficult to read as I’m firmly planted in the Austrian school—I believe gold is money and everything else is fiat. I believe governments create inefficiency and corruption while politicizing common sense ... Read More
Categories: Comments On Events
Positions Mentioned:
June 1, 2020

The Other Florida…


Until about a year ago, I had visited more of Central Asia than the cities in my state 50 miles north of me. I just assumed that “God’s waiting room,” extended from Ft. Lauderdale north to the Georgia border.  I’m always one to challenge preconceived notions and starting last year, I’ve made a point of thoroughly exploring my state of 16 years now. To ... Read More
Categories: Comments On Events
Positions Mentioned: TWTR
May 24, 2020

Post-COVID Capitalism…


I have now run a few companies. Over time, I have experienced a repeated epiphany; which is that you never realize which employees are useless until they go on a vacation and nothing bad happens. Now, this isn’t a dig at good employees; good ones find ways to delegate their responsibilities and still check their emails—great ones work harder while on vacation. However, the ... Read More
Categories: Comments On Events
Positions Mentioned:
May 19, 2020

No One Knows What Comes Next…


I’m writing this to you as a Miami Beach refugee hiding out on the Florida Panhandle, where they actually let you set foot on the beach; masks are optional and restaurants are open. It’s like I’ve gone back in time to February. Besides, you wouldn’t believe the deal I got on a beach-house during COVID. I also know that I needed to escape my ... Read More
Categories: Comments On Events
Positions Mentioned: Gold
April 21, 2020

It’s Getting Strange Out There…


I’m one of those guys who’s always believed that certain truths are sacrosanct. Interest rates would always stay positive, commodities would always be worth something and the US government would pretend to care about the deficit. Over the past few years, I feel like the hedgie who’s learned that the Easter Bunny doesn’t really exist. Honestly, a lot of what I accepted as being ... Read More
Categories: Comments On Events
Positions Mentioned:
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