Month

Hope all goes well… I take a break from writing each summer, to catch up on reading, recharge, seek solitude. Wishing the same for you. Dusted off an anecdote from 2017 about revolutions and the treacherous path we’re on (see below). See you at the end of August. All the best, E Week-in-Review (expressed in YoY terms): Mon: Beijing regulators to allow insurance companies to own more stock (Chinese equities +2.6%), Ja

Hope all goes well… I take a break from writing each summer, to catch up on reading, recharge, seek solitude. Wishing the same for you. Dusted off an anecdote I wrote in Dec 2017 about learning to take a profit, a lesson learned in 1992. See you at the end of August. All the best, E Week-in-Review (expressed in YoY terms): Mon: WHO announces 230k record global Covid cases, Singapore Q2 GDP -41% (construction -95.6%),

Hope all goes well… A Golden Eagle took up residence here as Jackson left for Annapolis. He’s our first to leave the nest, his great adventure beckons. Plebe Summer marks its dramatic beginning. Charlie shaved his head in solidarity, desperately missing his big brother. He and I now search treetops for the magnificent creature, our Golden Eagle, our good omen, his wingspan over six feet. He perches on bare branches,

ACentral bankers are generally the worst. But politicians are also terrible, and they’re not alone, we all find it profoundly difficult to admit we’re wrong. We’re human. That said, those investors who survive a few cycles develop the ability to face mistakes, change their minds, and act accordingly. Traders learn to do the same, just more frequently, and thus come across as frustratingly non-committal. In all of tho

Hope all goes well… Dusted off an anecdote from September 2017 on experience and introspection, mankind and machine. See you next Sunday with full weekend notes. E Week-in-Review (expressed in YoY terms): Mon: China passes new national security law for HK, NYT reports Russia paid Taliban to kill US troops and Trump knew but did not respond (White House denies report), S&P +1.5%; Tue: HK police arrest 30 pro-democ