Did I buy a billion of bonds, as notional amounts, in my career? Probably. For sure if I consider various bond buyback exercises. Did I buy every single one on Bloomberg? YES (or…no? I recall once I implemented TradeWeb but I am not 100% certain I ever use it outside Read more…
If you want to undermine investing, you refer to it as gambling. Risk Of Ruin is a podcast that talks about how you can gamble without gambling. It is all about positive expected value and edges. I love the podcast and I particularly loved the last episode called “You Can’t Read more…
Two weeks ago, in the Pirates of Finance podcast, Jason Buck said “every great family wealth has been built on a great swindle”; you can imagine how I chuckled when I read this article on Bloomberg on how cocaine smugglers infiltrated the (now) world’s biggest shipping line, MSC. To give Read more…
I know, I do not write that much lately AND my last post was on the same topic. I promise you, I am not obsessing over this matter (even if some days I have to provide almost hourly updates on where UK rates are…); in fact, I was mid-way writing Read more…
I discovered @MacroAlf and his YouTube/podcast only recently. Sunday morning my daughter decided to wake me up at 6.30 am and since it was the first day in almost two months I did not have any NBA game to watch, I decided to give this interview a go while Frozen Read more…
This is a port-mortem about my investment in the crypto token $LUNA. The token came on my radar after I read The Generalist briefing about it. I started reading The Generalist just a few months prior, after their infamous trilogy on FTX. I would not say at that point I 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…
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…
I hate periods when markets dive but not for the obvious reasons. After years of panics, I managed to become pretty zen about it…and by zen I mean I do not trade single name stocks. I hold bonds. I have a diversified portfolio. I zoom out. Even if I am Read more…