I recall (but can’t find now) a phenomenon that stock prices when approaching $100 are nearly certain to hit that round number. This happened more…
@RichardKain Investing, Books, Politics, Art, Misc
I recall (but can’t find now) a phenomenon that stock prices when approaching $100 are nearly certain to hit that round number. This happened more…
There is survivorship bias in the following statement but finding companies with a great IP that are undervalued can be a wonderful investment. Like Marvel,…
Two reports on US Tech companies reaching $1 trillion in market capitalization. The Wall Street Journal noted it is four companies now after Google I…
Maybe the flaw in resolutions is the one year time frame. What about new decade resolutions? (Put aside disputations on “the decade” should begin in…
A tweet yesterday from First Round capital partner Brett Berson has a good question. At first glance I thought, “there have to be hundreds of…
One of the few remaining areas to find investment outperformance is being able to make qualitative judgments not yet represented in qualitative data. Qualitative judgments…
In the wake of Sokal Prank 2.0, Andrew Bade in Quillette has a systemic dismantling of the use of high-falutin’ vocabulary that is a must-read. Even…
For decades in tech the following was a verity: Small = nimble. Large = vulnerable. So the optimal funding process matched this — get aboard…
I had a remarkable run last summer in the futures markets, mostly from shorting the metals save for gold last August. The trading has been infrequent since then save for spates of shorting the 10 Year Treasury which on balance has been a disaster.
Last week I shorted both Corn and Wheat, even holding them short over the weekend. Frankly was planning to reduce the position but forgot the ag futures markets close at noon pacific and was left holding my breath a bit for the weekend. The basis of this trade effectively was a belief in mean reversion and the Corn trade worked out well with mild rains over Iowa leading to a drop Monday morning. I did not however want to be short going into the crop report, and even went long, but intending to get short again in all but the most dire reports should the price action after the crop report appear safe to do so.