Archive - March 2017

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If I Were To Start My Third Hedge Fund…

As the great New York Yankee Yogi Berra once said, “It’s like déjà vu all over again.” That’s the way I feel about the markets. I started my first hedge


Drawdowns: “Active” versus “Passive”

December 13, 2016, was a historic day. The Nasdaq 100 (QQQ) closed above $120 for the first time in almost 17 years! That’s right… anyone who bought the Nasdaq in


With Friends Like These…

Cartels are a tough thing. The goal is for a small group of influential producers to artificially move a market away from its normal equilibrium, and eventually squeeze more money


What Do You Do With Dividends?

Income investing is a big part of what I do. It’s rare for me to buy a stock that doesn’t pay a respectable dividend, and I have an entire newsletter

Health Care

It’s Time to Shatter the Stones

I’m sorry, but I don’t have a healthcare problem. I have a concierge doctor at a fixed annual fee, with free visits and discounts on blood tests and other things

Interest Rates

Are You Listening?

The past week was full of Federal Reserve speeches, which, yeah, I wouldn’t blame you one bit if you tuned them out completely. But I listen to what they say,

Demographic Trends

American Kids Can Do More than Sing and Dunk

I like music, but it’s probably more accurate to say that I like songs. The difference is obvious when my wife and I roll down the street listening to the


Home-Country Bias Part II

Last week, I introduced you to the concept of  home-country bias – a phenomenon that routinely leads investors to over-allocate to domestic stocks. Americans prefer to invest in U.S. stocks


This is Not Just About Trump and Brexit

I’ve been writing a lot about what I see as the mega trend right now… and what will make this economic winter season different from the 1930s. We’re not just


The Rules of a Side Hustle

I’m a big fan of using Uber in lieu of a traditional taxi when I travel, but I had a peculiar experience recently in Lima, Peru. If you’ve read some