It was ‘convexity week’ on TILS. After this tweet, a lengthy and insightful debate started on what convexity means. At the same time, PortfolioCharts posted a link to this Italian blog where the author explains…convexity (there is an English version of the blog but I couldn’t find the link to Read more
In my previous post on how to trade during a bear market, I used Tencent as a prime example. The stock actually bottomed the day after I published the post and since has rebounded more than 30%. The rebound was ignited by the news of Beijing’s strong push to stabilize Read more
During my non-professional trading career, I studied and experimented with various strategies. For a period (which might include present days), I had my go at picking value stocks. In pursuit of value, I use to buy stocks that were down even if the market was up. I was trying to Read more
Last week I read a well-done research piece. It is about illiquid alternative investments, a topic that I find really interesting (I wrote about alternatives here and here). The underlying idea is to look for investments that added to a traditional stock and bond portfolio can lower its drawdowns without Read more
I wrote a lot about crypto lately, definitely more than it is represented in my portfolio. In the meantime, have collected thoughts on some more traditional assets. Then the war happened. Most of the considerations you will read are still valid, mine is not exactly the blog for day-traders, but Read more
The other day I was listening to Ryen Russillo telling the story of how his father is convinced he could score if he would participate in an NBA game. I obviously do not know Ryen’s father but I thought “sure, they would eat you alive…if you ever manage to touch Read more
After having spent maybe too much time reading and studying financial markets, I thought I have seen it all. At least in terms of simple investing strategies that were not published yesterday. Value Averaging is a strategy proposed by professor Edleson in 1991 and I discovered it by chance last Read more
In 2021 JPMorgan decided to follow Goldman Sachs steps and open a (sort of) retail branch here in the UK. While GS strategy revolved so far around a cash-saving product called Marcus, JPM built something closer to an online-only bank. Today I will illustrate to you the my pros and Read more
If we had an infinite time horizon, ‘retire early’ would not matter. It will just matter to retire at a certain point. Duh. By ‘retire’ I mean being free to do whatever you want, not necessarily ‘not-working’. You save, you invest and a certain point your saving pot will be Read more
Just before Christmas, I found this post where the great Matt Levine explains the feeling of getting a huge bonus and still being sad. Between M&A, IPOs and bond issuances, 2021 has been a very busy year for banks. A lot of bad things have been said about the banking Read more