So, Big ERN drops this post the other day and my phone immediately lights up. Three different guys send it to me within minutes of each other. And honestly? This is exactly why I write this blog. This is the mechanism working as intended. Agustin Lebron has this great line: Read more
Matt Sperling used to run a monthly blog called like this and I loved it. It sounds harsher than it is, probably I should have called this post things that popped onto my radar, as Niels from TopTradersUnplugged would put it, but well…this is what you get. Who Are You Read more
I read a lot of financial Twitter (lately even football Twitter. The real one. The one played with…you guess…feet, not hands). Most of it is noise. Some of it is signal. And occasionally, you see a debate that makes you want to throw your phone out the window. One of Read more
When I started my career, my company sent a PDF to a bank. That PDF essentially said, “This person is trustworthy.” The next day, I picked up the phone and called someone I’d never met in another country. I told him I’d wire $200 million, and he’d wire me €195 Read more
“How much income can I count on from my retirement savings?” With traditional pensions, defined benefit plans, becoming as rare as a good plumber, most of us are stuck figuring this out on our own. The math here is brutal. You don’t know how long you’ll live. You don’t know Read more
On social media, I read many critiques of managed futures strategies…also from people I consider intelligent. These posts got me thinking about a fundamental tension in investing: some of the strategies that work best mathematically are often the hardest to stick with emotionally. The Torture of Positive Skew Managed futures Read more
Here’s what frustrates me about personal financial discourse: lads obsess over the flashy stuff while ignoring the issues that actually matter. Take this post, for example. It highlights a problem that should have everyone paying attention. Why? Every working person is forced to participate in some form of pension or Read more
I found this ETF reading Roger Nusbaum blog. When I first saw the name and website, I instantly dismissed it as a marketing stunt. But Roger continued to mention it, so one day I bit the bullet and dug more. INVESTMENT APPROACHThe Adviser allocates the Fund’s portfolio equally among four Read more
Four years ago, I wrote about something called the Family Office Strategy: basically, how to invest like you’re managing a university endowment or a billionaire’s money, even if you’re decidedly not a billionaire. The principles I outlined then still hold up. What’s been fascinating to watch is how the stock Read more
There’s a story unfolding (mainly) across Europe that few want to talk about, but everyone can see if they look closely enough. It’s the story of educated young Italians packing their bags and leaving: not for a semester abroad or a gap year adventure, but permanently. And the twist? Almost Read more