or whatever you'd like, just please think…
If Iran ever wakes up from its experiment with the 15th century. It’s going to be change the Middle East more in a decade than the west has been able to in five decades. Tremendous potential.
http://www.zerohedge.com/news/2017-05-20/rouhani-re-elected-iran-president-landslide-victory
Confession: I am in an abusive relationship. I’ve been obsessed with Brazilian Jiu-Jitsu for six years. It ranks right up there with surfing and rock-climbing in terms of people willing to live in a van in order to do it full-time. I tell stories here about the struggle. For the struggle is real…
This blog is for entertainment only. I am NOT recommending you to trade futures. Hire a pro. Do not pay 2 and 20.
5/19/17 Partially closed /nq positions — booking profits — still long oriented. Breadth is thinning.
5/10/17 Bought some AAPL puts. Got to hedge. Mr. Market gets carried away with coke and strippers. Expect to lose $. Still. Don’t call it a hedge fund if it doesn’t hedge.
5/2/17 Long /zn as a static hedge against geopolitical craziness. Currently enjoying some return. But I don’t care if I lose here. I’ve got to sleep at night and America is in grip of an intemperate blowhard. Character is destiny.
3/28/17 Long /nq again. Back to max risk exposure
3/13/17 Partially closed /nq — booking profits
1/17/17 Long /nq — reentered after booking profits from early nov election rip, which I did not believe in and had to hold my nose to buy.
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The goal is to ride winners, not pick winners. Because unless we have opportunity to get in early, in the first rounds of the capital structure, our money is not locked up. We can switch horses in the middle of the race. Admittedly, most of us fail to do well here. But that is the goal. So currently the race all about
1.) Internet of things
2.) Machine learning (think AI or robotics)
3.) CRISPR and related genomic fields (nearly impossible to find easy trades because of government regulatory involvement.)
4.) Monetizing big data
— Beliefs are a mixture of assumptions, the narratives we tell ourselves, memories, influences, with a small amount of actual data stumbling about like drunks in church.
Google’s New AI Is Better at Creating AI Than the Company’s Engineers – Futurismhttps://apple.news/AZGL3hrwTThuTdhEG_Tm3Jw
https://www.ft.com/content/4b8cd546-3bf1-11e7-821a-6027b8a20f23
The story above points out the difficulty of investing in emerging markets. But portfolio volatility maybe the necessary price we pay for Alpha going forward. A world awash in bank reserves (if not money supply, which is why no inflation and slow growth) has seemingly dampened volatility in developed the markets
Story above reiterates an exhausting truth –there is no passive investing. But go ahead keep deceiving yourself
The crisis of meaning continues. It is somewhat like a neo nihilism. As if a generation wants to say –nothing matters enough to change anything. Tragic.
http://assets.realclear.com/files/2017/05/576_debt.pdf
Good research. The next time you hear someone say with breathless tone that household debt is at an all-time high. Enjoy a moment of snooty insight and say to yourself “yes, but debt to income is shrinking.” Nerds just want to have fun too.
https://www.bloomberg.com/view/articles/2017-05-18/oh-no-not-another-debt-crisis
http://blog.yardeni.com/2017/05/death-by-amazon.html
As if the last ten years of petrochemical extraction technology hasn’t shifted the supply curve enough, now we have this…
https://phys.org/news/2017-05-china-japan-combustible-ice-seafloor.html
I just love it when people claim to know what the market wants. We don’t know what the market is going to do tomorrow. But we know it’s desires hopes and dreams. Silly
Opinion | China Is the Future of the Sharing Economy – Bloomberg https://apple.news/AANKQ8yagQuSw3HX5EiuKJA
Robots Taking Over U.S. Factories Imperil Emerging-Market Growth – Bloomberg https://apple.news/AQcE3BvynTlii2KQ6pXoEfA
https://www.ft.com/content/44ed7e90-3960-11e7-ac89-b01cc67cfeec
If the above story proves to be true. Utility stocks may lose some of their predictive function in systematic training.
https://www.ft.com/content/1ef8be8e-3bae-11e7-ac89-b01cc67cfeec
Most of us have been riding the trend in the above story. Tim does great job as usual on research. There will be yet another ETF based on this work in three, two, one,…
https://www.ft.com/content/05979e18-2fe4-11e7-9555-23ef563ecf9a
The above story is good news. China has surplus construction materials and will have more as they continue tightening their credit. Pakistan needs increasing openness to speed up the Idea Cycle which will help them have a religious reformation.
https://www.nytimes.com/2017/05/19/opinion/trump-white-house-staff.html?smprod=nytcore-ipad&smid=nytcore-ipad-share
David Brooks is the best columnist in the world. That’s all.
Elon musk wants you to believe he is gonna 10x tunnel technology. Maybe. But I wonder if this isn’t about having investors pay for the technology he believes he needs when he colonizes Mars. Consider no one would give a dime to allow him to chase that dream. Imagine how he would spin the ROI on Mars tunnels. Which are needed for all sorts of reasons. But traffic. Oohhhh. You’ll invest in that. I mean how does this billionaire not have a helicopter yet ? Whatever. I hope it works. I love long shots. I love big thinkers. Go Elon… spend your groupies money.