August 9 Zermatt, Switzerland Strategy Seminar

Come join me for the Mad Hedge Fund Trader’s Global Strategy Seminar, which I will be conducting high in the Alps in Zermatt, Switzerland at 2:00 PM on Friday, August 9, 2012. A PowerPoint presentation will be followed by an open discussion on the crucial issues facing investors today. Coffee, tea, and schnapps will be […]

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The World’s Largest Solar Plant

Unfortunately, I know Blythe, California too well. This natural blast furnace is in a God forsaken corner of the state where I hunted jackrabbits as a kid, the Indians survived on Gila monsters for protein, and it regularly reaches 130 degrees in the shade. It is also where Peter Fonda and Dennis Hopper crossed the […]

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Dinner With Joseph Stiglitz

The great thing about interviewing Joseph Stiglitz over dinner is that you don’t have to ask any questions. You just turn him on and he spits out one zinger after another. And he does this in a kibitzing, wizened, grandfatherly manner like one would expect from a character that just walked off the set of […]

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August 2, 2013 – Quote of the Day

“The farther backward you can look, the farther forward you can see,” said Britain’s combative WWII Prime Minister, Winston Churchill.

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August 1, 2013

Global Market Comments August 1, 2013 Fiat Lux Featured Trade: (AN EVENING WITH THE CHINESE INTELLIGENCE SERVICE), (FXI), (CYB), (CHL), (BIDU), (PBR), (WMT), (MSFT), (ORCL), (HPQ), (GOOG) iShares China Large-Cap (FXI) WisdomTree Chinese Yuan (CYB) China Mobile Limited (CHL) Baidu, Inc. (BIDU) Petr (PBR) Wal-Mart Stores Inc. (WMT) Microsoft Corporation (MSFT) Oracle Corporation (ORCL) Hewlett-Packard […]

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An Evening With the Chinese Intelligence Service

I normally avoid the diplomatic circuit, as the few non-committal comments and soggy appetizers I get aren’t worth the investment of time. But I jumped at the chance to celebrate the 62nd anniversary of the founding of the People’s Republic of China with San Francisco consul general Gao Zhansheng. Happy Birthday China! When I casually […]

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August 1, 2013 – Quote of the Day

“Cream is not the only bovine product that rises to the top in a bull market,” said Roger McNamee, managing director of Elevation Partners.

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July 31, 2013

Global Market Comments July 31, 2013 Fiat Lux Featured Trade: (REPORT FROM BERLIN), (A SHORT HISTORY OF HEDGE FUNDS), (FAREWELL TO SENATOR DANIEL INOUE)

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Report From Berlin

I am sitting at my MacBook Pro typing this piece in the corner Suite on the sixth floor of the Hotel Adlon in Berlin. A half finished bottle of 2001 Chateau Pech sits on my desk, a product of the French Mediterranean coast. Out the window hundreds of tourists are milling about the imposing Brandenburg […]

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A Short History of Hedge Funds

Legendary Fortune Magazine editor, Winslow Jones, created the first hedge fund out of a shabby office on Broadway in New York City in 1948, and generated monster returns over the next 20 years. He got the idea of a 20% performance bonus, now an industry standard, from ancient Phoenician sea captains who kept a fifth […]

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Farewell to Senator Daniel Inoue

I was greatly saddened when I had learned of the passing of Senator Daniel Inoue of Hawaii, the Senate’s longest serving member, and a close friend. After 50 years last August the legislative body had come to dominate the all powerful Ways and Means Committee, eventually becoming the President Pro Tem. He was 88 when […]

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July 31, 2013 – Quote of the Day

“If we had not entered the war in Iraq, the war in Afghanistan would be over by now,” said Richard Engle, NBC News’ chief foreign correspondent, who spent five year in the country.

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July 30, 2013

Global Market Comments July 30, 2013 Fiat Lux Featured Trade: (REPORT FROM VENICE), (AN EVENING WITH TRAVEL GURU ARTHUR FROMMER)

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Report from Venice

If you ever need someone to owe you a big favor, make sure it is the world’s best hotel. That is what I discovered when I checked into the legendary Cipriani Hotel in Venice, Italy. I had booked their cheapest room at $1,500 a day. Due to a screw up on the reservations, I learned […]

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An Evening with Travel Guru Arthur Frommer

Travel guru, Arthur Frommer, says that now is the best time to travel in 20 years, thanks to a combination of a strong dollar and desperate price-cutting forced by the recession. Five years after oil hit an historic peak at $148/barrel, when $500 fuel surcharges abounded, and the demise of the travel industry was widely […]

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