Jack Sparrow

"My approach is to build to a larger size as the market is going my way..."
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After shredding the weak sauce of Krugman-worshiping journos in a recent rant, it’s only fair to give some credit: Tom Stevenson of the UK Telegraph puts together a solid macro case for a bottoming US dollar. The piece, “After a decade of decline, it’s time for the dollar to have its day,” is worth...
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Krugman-worshiping journalists are writing off "old" hedge fund managers who see great danger in the Fed's policies. Pissed off rant dead ahead...
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"Homeostasis, remember, doesn’t distinguish between what you would call change for the better and change for the worse. It resists all change..."
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Thoughts on weird macro... Mike vs Knish: Who to manage your money?... the problem with grinding... gearing up for the Bellagio "big game"... and more...
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Not being a hero means less glory, but ultimately more profit, because if you wait for the optimal moment (which is almost never the initial turning point), you can more effectively scale up and put leverage to work in your favor...
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In respect to highly competitive, skill-based human endeavors with zero sum or minus sum outcomes (like poker and trading), tentative hypotheses generated by non-practitioner research are generally worthless.
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A few dozen "Sparrowisms" are sprinkled throughout our collection of trading quotes. Here they are in one place...
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"Never forget what you are, for surely the world will not. Make it your strength..."
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Rather than daydreaming of a huge windfall in markets, perhaps traders should proactively seek out windfalls of experience, seasoning and knowledge...
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If Michael Marcus had to "keep at it," you probably do too...
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Basically, if investors had any sense they would be purchasing black swan insurance by the metric ton right about now (instead of shunning it)...
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"The categories are obviously not quite this neat. But the basic patterns tend to prevail, both reflecting and shaping your performance, your character, your destiny..."
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"The essential element is having a core philosophy..."
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The dynamic between Great Whites and Orcas is analagous to the poker table (as the following tale attests)...
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