Calling A Life Audible [DIRTY DOZEN]

I’m taking the advice from my friend and mentor who told me (mentioned in the note: The Game Has Changed…) “It’s not often that markets give us a chance to take an extended vacation. So take some advice from someone who’s spent a lot of time chained to his desk and go live.” I write […]

Pain Allocation, Frog Poison, And Druckenmiller’s Secret Weapon

“My portfolio is very balanced… I have half my assets in cash and the other half is in pain…”  My brother-in-law told me that the other day and it made me chuckle. I’m guessing that pain allocation resonates with more than a few people right now.   We’re holding 68% cash in the MO port and […]

Portfolio Performance Review: +31.3%ytd and some lessons learned

To others, being wrong is a source of shame; to me, recognizing my mistakes is a source of pride. Once we realize that imperfect understanding is the human condition, there is no shame in being wrong, only in failing to correct our mistakes. ~ George Soros I learned that everyone makes mistakes and has weaknesses […]

Yoga and the Wisdom of Time

I’m traveling so get ready for some wild moves. Our proprietary “Alex-is-traveling” indicator has a 100% hit rate. The logic behind this particular indicator is that the Market Gods are vengeful and never miss an opportunity to punish me for leaving my desk. You’ve been forewarned. On a positive note, the tape and indicators have […]