This morning Fortune Magazine published my thoughts on the upcoming Twitter IPO. In the piece, I talk about what my game plan is to play it, why it won’t be anything like the Facebook mess and how the media will probably get the narrative wrong in the days leading up to the deal. I’ve given…
Clips from Today’s Fast Money: Jerry Rice Edition!
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Scared Straight
As I write, the S&P is indicating a down-1% open as the shenanigans from Washington have ceased to be cute. I’ve written about why the markets have been able to shrug the fiscal fight off so far – owing mainly to a sentiment shift after a near limitless rewards program for dip-buyers. This morning, there…
World War Z
From wknd notes by Eric Peters: World War Z: “M&A activity’s down 50% from last yr,” explained the banker. “Buyers wildly chase growth, but there’s no growth.” The backlog of companies with no top-line growth, sitting in private equity portfolios is staggering. “Yet the IPO mkt for fast growing tech companies is on fire, no one…
Why Warren Buffett is Richer than George Soros
If you’re not familiar with Veryan Allen, he writes these insanely awesome rants about how the passive indexing cult is clueless and real alpha is out there for real managers to capture. I love reading his stuff, even when I disagree with some of it. He’s just tweeted a link to a classic post on…
I don’t care, I love it!
What a difference a rally makes. I’ve had a dozen or so reporters ask me this week why the markets weren’t expressing any real concern about the fact that the government is shutdown. I’d told them all that if this were taking in place in 2011 or even early 2012, we’d have been back to…
Why Markets Trend
I really liked this way of thinking about trending markets courtesy of the Michael Platt chapter in Jack Schwager’s excellent Hedge Fund Market Wizards. Platt founded the $25 billion hedge fund BlueCrest thirteen years ago. It is one of the ten largest hedge funds in the world and has become well known for its dedication…
SNV: Boston Dynamics – Bringing Your Nightmares to Life!
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TIME’s Government Shutdown Cover
What’s the word I’m looking for….harrowing? Cover Story: It’s Only Going to Get Worse in Washington (TIME)
Boiler Room Diaspora
diaspora (di·as·po·ra) noun dī-ˈas-p(ə-)rə, dē- the movement, migration, or scattering of a people away from an established or ancestral homeland It’s almost over. It’s ending with a whimper, not a bang. One by one, the last of the cold-calling retail brokerage firms are fading away. The game that Jordan Belfort invented twenty years ago had managed…
