Sunday Morning Coffee
James Altucher had another entertaining post, this one titled 10 Reasons You Should Never Own Stocks Again. Most of the reasons center on your (really he means just about everybody) inability to compete in the market as it trades and to a lesser extent...
ARTV on what drives outperformance
Last night we took a deep dive into a recent by post Meb Faber at World Beta on StockTwits TV. The post is interesting two respects. The first is that it explores the much replied-upon Morningstar star rankings for mutual funds. The second aspect we got into in depth on the show was a look...
Instrument indifference
Sometimes traders pigeonhole themselves. They think of themselves as futures traders, equity traders, options traders, etc. However limiting your trading to a single type of instrument can easily leave money on the table. It is not always the case that your preferred instrument is the best vehicle to trade a particular view. In that respect...
Sunday Morning Coffee
Just a few odds and ends this morning as I've got an incredibly busy week coming.First up is from a profile in Barron's of a fund called the Goldman Sachs Technology Tollkeeper (GITAX). Here is a quote from one of the managers."We would rather own the ...
The Puerto Rico pensions debacle
And you thought that Illinois pensions were enough to keep the SEC busy.From Bloomberg on Friday:UBS AG may be sued by the U.S. Securities and Exchange Commission over the...
The Big Picture for the Week of January 9, 2011
The other day I made a reference to Robby Gordon racing in the 2011 Dakar Rally with the same two wheel drive Hummer H3 that he drives in the race every year. I noted there must be an investing analogy there somewhere and maybe I figured it out.The fir...
Fund marketers and defunct economists
There is an old saw on Wall Street that mutual funds are sold, not bought. Now read this quote by Keynes and substitute ‘fund marketer’ for ‘defunct economist.’
The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed the world is...
