Featured

It’s Beginning to Look a Lot Like 1998

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December 17, 2014
Slider Themes and Trends

If Russia defaults on its debt, foreign lenders could be exposed to $670 BILLION in losses...
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The Saudi Oil War Means Structural Sea Change; Risk-Off Turmoil Fuels Long Bond Strength

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December 16, 2014
Slider-Economics-and-Theory

The price of crude is global, thus price war fallout is global. As a result, for all the havoc US shale producers will face, others are being hit much, much harder by oil’s collapse.
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Reflections on Page Sixteen

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December 8, 2014
Slider Risk Management

When the story shows up on a magazine cover, the biggest profits have generally been made...
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Mercenary Links: Let Them Eat iPads

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November 15, 2014
slider-mercenary-links

Mercenary Links November 15th: Wage growth may soon accelerate... bullishness at 95th percentile extremes... potential for a global recession in 2015... Google's terrifying robot, landing on a comet, and more.
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Why Do We Bother Publishing (and Selling) Our Research?

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October 23, 2014
Slider Psychology Emotion & Process

As traders, why do we bother publishing (and selling) our research? In fact, why do we bother selling anything? Why don't we just "quietly trade" and keep our heads down?
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Be True To Yourself

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August 28, 2014
Slider Inspiration & Insight

What is the biggest life mistake you can make? Short of getting yourself killed, what is the one thing you want to avoid doing?
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On the New Issues Market

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August 14, 2014
Slider Trading Wisdom

"The new issues market has as much nobility as the Fulton Fish Market in the noonday sun when the cobblestones are littered with the carcasses of overripe flounder that didn't sell that morning."
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On Form and Technique (in Poker and Trading)

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August 6, 2014
Slider Poker & Trading

Diligent commitment to form and technique is the true path to mastery. Here we reflect as to why...
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Your Favorite Beloved Tech Stock Was Just a Giant Macro Bet

Slider Risk Management

Investors who were long high-beta growth stocks, now wondering what the hell is going on, have received a painful wake-up call: It was just a giant macro bet...
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Dumb Tourist: Michael Lewis “Flash Boys” Review

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April 2, 2014
Slider Articles and Reviews

I am (or sad to say, was) a huge Michael Lewis fan. Liar’s Poker, The Blind Side and The Big Short are all classics. With that said, Flash Boys is terrible. It is not just a major whiff, but a travesty. And it really ticked me off.
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Four Types of Market Participant (or, How to Spot a Bad Moon Rising)

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February 13, 2014
Slider Risk Management

"If you really get this concept, you are on your way to understanding how the great Stan D. made 30%+ compounded over 30 years..."
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Getting On the Rough Road

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February 11, 2014
Slider Inspiration & Insight

Are you on the road to greatness? If not... why not?
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The Trouble With Rocks

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January 22, 2014
Slider Poker & Trading

"Only playing super-premium hands" -- i.e. being a rock -- is not a desirable strategy, in poker or in markets. Here's why.
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Consumer Retail Stocks – Return of the Bear?

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January 13, 2014
slider mercenary research 3

Carnage in consumer retail stocks could lead to broad sentiment shift -- or even awaken the hibernating bear...
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The Power of Embracing Mistakes

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January 3, 2014
Slider Psychology Emotion & Process

Winners evolve -- and committed evolution means embracing a culture of mistakes.
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