Working with, and now also writing about, investing stuff necessarily exposed me to things that I do not understand. Not because they are complicated (there are but they are not the topic of this post) but because they are stupid. Read more…
A little bit more than a year ago, Andrea invited me to participate in his InCassaforte podcast after we had a brief exchange on Twitter on why it was reasonable or not to invest in bonds when rates are at Read more…
In April 2022, I introduced on this blog The Italian Leather Sofa Model Portfolio. As a reminder, here is the portfolio composition: The idea behind the portfolio is stolen from here. The link offers the best explanation to what I Read more…
Some time ago I was reading a bit of a random post from BankersOnWheel‘s weekly link-fest: the author described which practical lessons you can take from famous finance movies like Wall Street or Boiler Room. A line hit me: when Read more…
Since Central Banks announced last year that they were going to increase interest rates, I (for once) acted responsibly and asked myself this question: should I reduce the leverage in my portfolio? The cost to borrow money represents a hurdle Read more…
Global X just launched two “defined-outcome” ETFs that are UCITS compliant (i.e. can be bought by European Investors): I thought I already wrote about this strategy, but I realised I only did a generic piece on structured products here. Innovator Read more…
I have watched seven episodes of the series Fleishman is in trouble. With Atlanta, is one of the best I watched in the last year. While Atlanta was fun but I couldn’t relate to any of the characters (a bit Read more…
Inflation is like beauty. Despite thinking, or being deceived into thinking, that a universal measurement is possible, what I see is different from what you see. Last year I wrote a couple of posts on the effects of the recent Read more…
This post was born as a quick reaction to the 2022 Golden Butterfly portfolio performance and then morphed into a collection of thoughts about portfolios, diversifiers, cash vs trend, a levered version of the Permanent Portfolio and…probably other things that Read more…
If you regularly read trading/investing/personal finance stuff, there is a high chance you would, at least once, have stumbled across a title like “Hedge Funds underperform and yet continue to attract capital from investors”. At first (which means 20 years Read more…