There are a lot of finance articles lately due to the hype over the film adaptation of Michael Lewis’ book The Big Short. Interview with Michael Burry, Real-Life Market Genius From The Big Short Is he a market genius or did he just get lucky? There is evidence of genius, in that between 2000-2008 Michael… Continue reading The Big Short: Market Genius or Luck?
Tag: finance
High Frequency Nonsense
One Way to Unrig Stock Trading (nytimes.com) The alleged ‘dangers’ of algorithmic trading, including high frequency trading, is mostly hype by the doom and gloom liberal media. People and institutions lose money in the market because of bad timing and bad money management, not because of automated trading. Nowadays, most stocks, ETFs, and futures contracts… Continue reading High Frequency Nonsense
The Bailouts Benefited Everyone, Not Just Bankers
From NYT: Bernie Sanders: To Rein In Wall Street, Fix the Fed WALL STREET is still out of control. Seven years ago, the Federal Reserve and the Treasury Department bailed out the largest financial institutions in this country because they were considered too big to fail. But almost every one is bigger today than it… Continue reading The Bailouts Benefited Everyone, Not Just Bankers
2016 Predictions
It’s that time of the year again, my predictions for 2016. First, after eight years, the fed did what everyone thought was impossible: they finally raised interest rates, and the market surged. The pundits predicted that the hike would be bearish for equities, but obviously that was not the case as the rate hike was… Continue reading 2016 Predictions
Collapse can wait
From David Stockman: Why This Sucker Is Going Down…….Again! In a word, with a printing press. But what happened today is that Draghi showed he is out of tricks and Yellen confessed she is out of excuses. Yes, this sucker is going down. And this time all the misguided economics professors turned central bankers in… Continue reading Collapse can wait
The New Investing Landscape
From The Reformed Broker, There is a limit A lot of people are struggling in this market. Here is the deal. I’m going to divulge research that investment firms normally pay hundreds of thousands of dollars for, for free. It’s a very simple way to not lose your shirt in this schizophrenic, mean-reverting market. First,… Continue reading The New Investing Landscape
How the Liberal Media is Always Wrong
We’re all dreaming the same dream that someone or something will break the monotony, and maybe that’s why Trump, who is perceived as a renegade in a world of ‘politics as usual’, is so popular. He’s like the Right’s version of Obama, bearing ‘change’, although more competent than Obama. You’re not missing out on anything… Continue reading How the Liberal Media is Always Wrong
Understanding Comes Before Change
America, it’s economy, and the news cycle is still in auto-pilot mode since early 2014 or so, going nowhere at a 1000 miles an hour. Everyone in the media wants crisis and mayhem, for ratings and clicks and page views, but the few crisis that come (such as the France attack) are short-lived, leaving the… Continue reading Understanding Comes Before Change
Jim Simons: A rare interview with the mathematician who cracked Wall Street
Pretty impressive. His strategy is to sift through immense quantities of data to find patterns and then exploit these patters until they stop working. However, the Renaissance Medallion fund since 1993 has been closed to to the general public and is only available to employees of Renaissance Technologies. The computer-driven Medallion fund has made an… Continue reading Jim Simons: A rare interview with the mathematician who cracked Wall Street
Stock Market Rebounds
Back in August and September during the stock market plunge, I recommended going long here and again here. Sure enough, stocks have surged since then, with the S&P 500 up about 9% since my reiteration to buy the dip: The portfolio I ‘manage’ is up 20% this year, vs. 2% for the S&P 500: By… Continue reading Stock Market Rebounds