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March 18, 2012

Miami Property Bottoms…


I have lived in Miami Beach, Florida for 8 years. To say that the real estate market here has been a roller-coaster is to understate the obvious. Whatever has happened in the rest of the US, it has happened here first and with a much greater magnitude. My own travails renting living spaces in 4 different locations neatly mirror this market. I never set Read More
Categories: Comments On Events
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December 12, 2011

My Soap Box… (Sorry For Politics)


I want to apologize in advance for stepping onto my soap-box here. Over the past few years, our government has invaded the private sector in such a way that the two are hard to differentiate and suddenly talking about investing means talking about politics. I hate talking about politicians without mentioning a way to profit from their idiocy, but I feel that readers should Read More
Categories: Comments On Events
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November 27, 2011

It’s About To Blow!!!


Lately, I’ve been less focused on the global markets because I’m so focused on Mongolia. However, it’s hard to ignore what’s going on in Europe as it affects all of us. Let me put it bluntly, they have about a week to figure this out, or they’re going back into the Dark Ages. They really have three choices; let the banks fail and destroy Read More
Categories: Comments On Events
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October 10, 2011

No Hurry To Buy If There Is No Growth…


When you look around the US markets, arguably one of the cheapest large-cap stocks out there is Best Buy. Just a quick view of the figures will prove the point. It trades at 7 times forward earnings,5 times forward cash flow, has a rock solid balance sheet and high returns on capital–even at cyclically reduced earnings. The story gets even better when you realize Read More
Categories: Comments On Events
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September 26, 2011

Inhuman Volatility…


I’m sitting here in Toronto simply in awe of the markets. When I packed up my computers in Ulaanbaatar before the open on Friday, gold was 1750 and silver was 36.5. Now a trading session later, gold is 1540 and silver is struggling to stay over 27. The age of inhuman volatility (as named by 13-D research), is now upon us. With a few Read More
Categories: Comments On Events
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August 10, 2011

Clue Jr.–Finance Edition


When I was a kid, we used to play Clue Jr. It’s the game where you have to guess who committed the crime where and with what weapon. Then, when I grew up, I started to play Clue Jr—Finance Edition. That’s the game where you try to figure out who left footprints all over the market as they rapidly tried to unwind some product. Read More
Categories: Comments On Events
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August 5, 2011

Get Ready To Buy ‘Em…


For months now, I’ve been waiting for QE3. I know it is coming. I just don’t know when. Yesterday, we got one step closer. Right now, there is no political will for more money printing. The average voter realizes that printing money does nothing but raise his living costs through inflation, while helping out a small subset of the Wall Street population who likes Read More
Categories: Comments On Events
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July 5, 2011

What Should Greece Do?


From time to time, one of my friends simply says it better than I could ever imagine saying it myself. I have known Peter Gianulis, manager of Carrelton Asset Management for years. He is one of the deepest thinkers I know of when it comes to the markets. His fund also happens to have one of the best track records out there. So without Read More
Categories: Comments On Events
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June 25, 2011

Steady,…. Hold…. Hold…….


There’s this great scene in the Braveheart movie where the Scots are facing down an English cavalry charge. The Scots are armed with spears and they want to wait for the moment of maximum surprise before springing them on the advancing cavalry. William Wallace (Mel Gibson) keeps trying to get his troops to be patient and wait. “Steady, hold.., hold…, hold…..” Whenever I’m looking to buy Read More
Categories: Comments On Events
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