This is probably quite topical given the developments of the past few days. BRADLEY ALFORD, a money manager in Atlanta, just hit the panic button. No, really. Mr. Alford just hit the key on his computer that initiates the Wall Street equivalent of the nuclear option: Sell everything. He was acting on orders from two…
DetailsI got dropped this quote early this morning and asked to comment on it – • During a secular bear market, an investor’s job is to manage risk and preserve capital. • During a secular bull market, it is to maximize return. As a starting point I tend to agree with the overall tactical philosophy…
DetailsAs I keep telling new mentorees – prices will move higher or lower than you can ever imagine. I have no idea why gold is going up – I am sure there is a nice story to it that someone could come up with but I don’t really care.
DetailsI am not certain what to make of this given the actual paucity of data regarding real estate and the outright dishonesty of many land rats. Its a nice looking chart and it may have some broad value but I am not certain what it is. Housing is not like trading where price discovery is…
DetailsEvery so often I get a strange email – a lot of the time I have no friggen idea what people are asking but this one is intriguing because it seem to assume we have psychic powers. Hi, I have been trying to phone my broker company on 2 phone numbers to place an option…
DetailsGeorge Soros’ announcement Wednesday that he is returning outside money from his hedge fund and will continue to operate as a family office is yet another reminder of how hard and clumsy it is for a billionaire hedge fund manager to retire. Except on rare occasions, most successful hedge fund managers rarely seem to call…
DetailsWith the Yanks taking a leaf out of the Robert Mugabe school of economics and demonstrating an inability to master simple household economics I found this neat little graphic regarding each countries rating. Although given the quality of ratings agencies I am not certain I would place too much faith in it. From Reuters
Details… Until recently, most studies just broke out the top 1% as a group. Data on net worth distributions within the top 1% indicate that one enters the top 0.5% with about $1.8M, the top 0.25% with $3.1M, the top 0.10% with $5.5M and the top 0.01% with $24.4M. Wealth distribution is highly skewed towards…
Details