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Trend-Following Balances Optimism and Pessimism
Absent a systematic and responsible plan, our emotions will run things. When shit hits the fan, we’ll be too scared to get in. When we …
What Are You Talking About?
Fundamental traders have been getting their teeth kicked in this year. Perusing through some Q3 letters recently, I see plenty of jargon explaining why performance …
Why Should I Invest With You vs. Them?
Sometimes, I get asked this question. My honest response: “I don’t know. Try us both out and see who prefer. If you don’t choose me, …
Crazy, Stupid, Trends
As I’ve said many times, I am an anti-fundamentalist. I do not comb through a company’s financials or industry reports to calculate the “right” price …
Avoiding Nice
I have nothing in common with a person who thinks it’s a good idea to hold on to META, for example, through a -70% decline …
Motivation by Frustration
Working at my first job after college in 2007, I recall getting the idea to start a fund. It was mostly a “that would be …