people don’t have to win very often in order to maintain the allure of speculation, they just have to win once in awhile
Joshua M Brown
Before you get excited about the big reversal…
Charts
This Week on TRB
These were the most read posts on the site this week, in case you missed it:
“There are about 8,000 planes in the air and 100 really good pilots.”
Hedge funds probably don’t deserve all the scorn heaped on them
Pros Chase Performance Off a Cliff
It’s never not hilarious.
RWM will be live in Miami at November’s Finance Festival 2015!
And here’s the best part – you can use my discount code to save 30% on your ticket! Just enter the code “RWM” and you’re golden.
Preparing for Volatility in Advance
I read an article in the New York Times about a family office that tried to get fancy with an internal hedge fund as their answer to volatility. They ended up chopping their clients in half in a month’s time with this strategy, according to the reporter. I love this line: “The fund has told…
Hot Links: It’s Complicated.
What I’m reading this morning
Arizona: Meet with Ben and I in December!
If you’re an investor in the Scottsdale area and want to spend some time chatting with us, we’d love to meet with you.
Remember your ABC’s: Always Be Cool
the problem with “going to cash”