October 2012

Steve Jobs, 1983

This is my favorite photo of Steve Jobs. Yes, that’s his middle finger. I love the rebellion and the defiance. I also love the the fact that I know what’s about to happen next… Source: Extremely Silly Photos of Extremely Serious Historical Figures (FlavorWire)

Two Things That Are Never Discussed in the Financial Media

There are two things that are never discussed on the radio, TV or on the websites of the mainstream financial media outlets. It’s ironic because they are two of the most important things for investors to understand: 1. Time Frames 2. Position Sizing I don’t mean that these two concepts are rarely discussed – I…

33 Times, You Poor Dumb Bastards

I’m going to say this here and now for posterity and I hope you bookmark it: There’s going to be such a brutal bond investor slaughter at some point over the next decade that the streets of Boston’s mutual fund district will run red with blood, the skies will be shot through with the lightning…

Apple is Fine. As Always.

This is one of those cases where I’d say to skip the blogosphere and just read the journalists who actually know what they’re talking about. Because bloggers are desperate to have something “insightful” or controversial to say about Apple and its earnings. The reality is that the best company in the world just reported yet…

The Demographic Cliff

The aging of the developed world’s workforce is the cliff no one’s talking about. It’s very bad, we’re going to have these upside-down pyramids in the largest economies where the working age people are supporting a growing pool of their non-working elders. This is why I am for the immediate implementation of death panels. I’ll…

“Our Real Benchmark Is Responsibility”

Real quick, I want to thank everyone who came out for drinks last night in LA. I had the pleasure of meeting a lot of my peers who work as investment advisers and asset managers from the area and it was amazing how much we all have in common despite our geographic differences. One topic…