August 24, 2020

PG&E Redux…


I’m on vacation, but how could I escape the news that California is burning? While PG&E (PCG – USA) has yet to be blamed for these fires, as I sit here in the North Carolina mountains, it sure seems silly to tempt fate. Yeah, I know, I’m the fool for expecting an Event-Driven (ED) situation to work into the teeth of California’s fire season. ... Read More
Categories: Investments
Positions Mentioned: PCG
August 20, 2020

On Taking Vacations…


I’m known as a guy who puts in 20-hour days (I don’t sleep). I work hard, party hard and enjoy life. I also go out of my way to ensure that I take a few weeks off each quarter. Wait, what? A few weeks? Yep. Investing other people’s money is a high stress, high intensity job. You never know when a news event will ... Read More
Categories: Travels
Positions Mentioned:
August 17, 2020

BTC 3.0


I am known as a guy who gets infatuated with a handful of stocks or sectors at a time. I let the subconscious drive me, and as my interest level expands, so does my position sizing. The objective is to take a few highly concentrated shots on goal each year; where I can size up and risk almost nothing by catching the precise inflection-point ... Read More
Categories: Investments
Positions Mentioned: GBTC
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:
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