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…
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…
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…
I am an avid NBA fan. Aside from the game itself, I love the financial and human dynamics on how to build a successful team. For the uninitiated, the financial aspect is interesting because each team has a ‘salary cap’, you cannot solve your championship problems finding an Arab royal Read more…
Yes, the title is again a click-bait but what can I do? Those google ads has to be fed and the amount of hate out there for Prof G is still unabated. If you do not know what I am talking about, here is chapter 1 and chapter 2 of Read more…
I am a long-time stan of Meb Faber. I managed to invest in one of his ETF ($GAA) before my broker blocked me for MiFiD reasons; my not so secret hope of that rule being repelled here in London after Brexit is still not fulfilled: despite all the mess English Read more…
It’s been a while that we do not talk about your favorite topic, me (ah!). In the last few months I made some investments that would for sure perform nicely in what it looks like, now, the incipit of a new bear market (ah ah!). Enjoy the ride. A premise Read more…
It’s been some years that I have trouble sleeping. Not because my investments keep me awake, some nights my body simply decides that it does not want to sleep. Gone are the days when I could drink five redbulls (and some vodka) in a night out and then sleep like Read more…