We like to say “You are who your friends are” in our house, as my wife has talked me out of a lot of destructive or one-sided relationships over the years. These days, I make a conscious effort to spend whatever free time I have with winners and good people, of which thankfully there are…
This Week on TRB
Here were the most read posts on TRB this week, in case you missed them: Anecdotally… “If you are going to be wrong, it pays to be spectacularly wrong.” The hardest thing to do. Rotation Now Undeniable Where Have All the Cowboys Gone?
Clips from Tonight’s Fast Money
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QOTD: Citigroup’s ‘Death of Emerging Markets’ Call
David Lubin, head of emerging market economics at Citigroup: “The EM story is based on rapid growth, led by exports, which delivers large current account surpluses, which leads to the accumulation of foreign exchange reserves and the expansion of domestic credit…Every single element of that story is no longer true.” is the Emerging Markets as an…
Clips from Last Night’s Fast Money
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Clips from Today’s Fast Money
Facebook Strikes Back
The narrative since the Facebook IPO has been that the company had done the bulk of its growth prior to coming public and the valuation had already reflected it. Advertisers were not “getting” the platform or particularly excited by the prospect of branding as opposed to the more performance-driven click-and-buy-something they get from Google. In…
Anecdotally…
“I’m at a conference with hundreds of asset allocators and PMs. Everyone’s got a global portfolio up 3 or 4 percent. They’re fucking miserable.” “Why bother diversifying at all? It’s just a drag on performance What’s the point of owning any bonds or international stocks?” “Should we be taking more risk?” “Maximum pain point will…
Chart o’ the Day: The 5 Best (and worst) Days for SPY
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Spitzer’s First Campaign Ad Goes at Wall Street
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