I just want to say thank you to everyone who sent a note
Joshua M Brown
allocation decisions are often driven more by relative value than absolute value.
I’m old enough to remember when oil and gas names couldn’t get themselves arrested on Wall Street
So the question is, when we revisit support, will it hold? And what will (most) people do if it doesn’t?
I am failing as a leader of this organization and I can’t wait for circumstances to change on their own.
The US stock market has absolutely creamed international stock markets in the post-crisis recovery – at a rate of 2.5 to 1 by some measures. This has led to a popular misconception that it was the US indices’ weighting toward a few giant technology stocks that happened to have done really well (tech represents 25%…
Data Source: http://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/histretSP.html. Calculations by Newfound Research. Past performance does not guarantee future results. A few years back, in the aftermath of the Great Financial Crisis, there was a twitter clown running around screaming about the need for individual investors to be shorting the market and placing trades all day in order to “manage risk.”…
Gary Shteyngart writes incredible novels and is one of my favorite writers ever. Seemingly every paragraph in his books, like Absurdistan and Super Sad True Love Story, makes you laugh or think or both. Shteyngart recently spent some time with Michael Novogratz, the fallen hedge fund billionaire who blew up trading macro and then made…
Success breeds competition and nothing attracts a crowd like a crowd.