Three Things I Think I Think – Has Inflation Peaked?
Hope your long weekend is going well. Here are some things I think I am thinking about: 1) Has inflation finally peaked? I am ready to call it. Inflation has [ … ]
Search Results for: "betting against"
Why Pump & Dumps Are Dangerous
On Sunday evening, before GameStop had fallen 85% from its peak, I said: My guess is GME will collapse in the coming months or year when this charade passes and [ … ]
Warren Buffett’s Greatest Strength
“The intelligent investor is a realist who sells to optimists and buys from pessimists.” – Ben Graham I was going to write some general thoughts about Warren Buffett’s annual letter [ … ]
Three Things I Think I Think – Dollar Contagion & Dumb Markets
So much going on, so little time to write about it all. Let’s get to it: 1) The Dollar is ripping higher at a historic rate. I posted this chart [ … ]
On the Extremes
There’s a strong tendency in the financial markets to live in the extremes. That is, we often draw a line in the sand. You’re either bullish OR bearish. You’re in OR you’re [ … ]
The Importance of Understanding Your General Portfolio Framework
I’ve been on a bit of a kick in recent days talking about portfolio construction and some of the underpinnings that drive certain approaches. It’s important to understand the underlying [ … ]
Bull and Bear Markets in Perspective
Being a permabear is bad for your portfolio….
Thoughts on Thomas Piketty’s “Capital”
I read this 700 page book. God be damned if I don’t write a review on it just like everyone else….
What I’m Reading: Low-Risk Investing Without Industry Bets
The strategy of buying safe low-beta stocks while shorting (or underweighting) riskier high-beta stocks has been shown to deliver significant risk-adjusted returns. However, it has been suggested that such “low-risk investing” delivers high returns primarily due to its industry bet, favoring a slowly changing set of stodgy, stable industries and disliking their opposites. We refute this.