The Wisdom of Crowds

I happen to be a firm believer in the wisdom of crowds, which argues that the actions of millions of participants can deliver a far more efficient answer than any single individual. Think of ants building a colony, where each ant is senseless, but collectively can beat mainframe computers for their utility in design. Any […]

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Knowing the Price of Everything and the Value of Nothing

Knowing the Price of Everything and the Value of Nothing. As a fanatical follower of the price of everything, I have long been an avid viewer of the television program, Antiques Roadshow, for 14 years, and the English version of the show well before that. This is where you learn what stuff like majolica is. […]

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Money Down the Drain?

Who was the top paid state employee in California last year? The governor? The Chief Justice of the Supreme Court? How about the leader of the Senate? Nope. It was a prison psychiatrist who took home an eye popping $838,706, most of it in overtime. I love it! The state drives people insane by sending […]

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Thoughts at Sea Aboard the Queen Mary 2, Part II

48 degrees, 02.12 minutes North, 043 degrees, 42.08 minutes East, or 1,000 miles south of Greenland. When I visited the computer center, I was stunned to learn that they were offering three one hour long classes on Apple products and programs every hour, all day long. They covered iMacs, iPads, IPods, IPhones, and all of […]

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July 19, 2012 – Quote of the Day

“Take 200 round trips to Australia, and you really start to rack up the miles,” said Tom Stoker, and automotive sales analyst who just surpassed 10 million frequent flier points on United Airlines. It makes my own 1 million miles seem puny by comparison.

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The Death of the Consumer

I often get asked why I never put out ‘BUY’ recommendations on consumer discretionary stocks. I promptly send them in search of the latest consumer spending figures at the Bureau of Economic Analysis, which do not paint a pretty picture (click here for the link). Since 2008, quarterly spending has come in at a scant […]

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So What is Your “Influencer” Score?

First there was your grade point average, then your SAT score, followed by GMAT and LSAT scores, and finally your FICO. Now there is a new metric with which you will be judged, your “Influencer” score. A new breed of marketing research firms are using data from social media sites, like Facebook, Linkedin, and Twitter, […]

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Inside Story on Apple’s Steve Wozniak

I first spoke to Steve Wozniak via HAM radio when I was 12 and he was the 14 year old president of the Homestead High School radio club in Cupertino, California. With seven children, my dad was pretty stingy with allowance money. But when it came to electronic parts, I had an unlimited budget, as […]

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July 18, 2012 – Quote of the Day

“I’m long tear gas after the Athens experience. They are going to need that tear gas in Rome and Madrid at some point,” said Steve Cortez at Veracruz Research.

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Watch Out for Those Statistics

During my college days, one of my math professors used to repeat a truism: “Statistics are like a bikini; what they reveal are fascinating, but what they conceal is essential.” That has increasingly becoming the case with US economic data, which are leading investors astray with their faulty guidance. It turns out that most government […]

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This Party is About to End

They are really rocking the market today, with the Dow up nearly 200 points off the back of a non-disastrous Chinese GDP growth figure of 7.7%. However, there is a serious disconnect going on in our markets which suggests to me that our own party may be about to end. Yesterday’s blockbuster weekly jobless claim […]

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Thoughts at Sea Aboard the Queen Mary 2, Part I

Location: 48 degrees, 02.12 minutes North, 043 degrees, 42.08 minutes East, or 1,421 nautical miles ENE of New York. The Queen Mary 2 is currently plowing its way through a massive fog bank a thousand miles thick, sounding the foghorn every two minutes. Visibility is less than 100 yards, and the waves are a rough […]

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July 17, 2012 – Quote of the Day

“It’s a bit like looking for gold in a minefield,” said Fidelity International’s China Special Situation Fund manager, Anthony Bolton, amid widespread accounting fraud in the country.

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Trade Alert – (TLT) July 16, 2012

As a potentially profitable opportunity presents itself, John will send you an alert with specific trade information as to what should be bought, when to buy it, and at what price.

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SOLD OUT Last Chance to Come Join Me for the Paris Strategy Luncheon – July 17, 2012

Come join me for lunch for the Mad Hedge Fund Trader’s Global Strategy Update, which I will be conducting in Paris on Tuesday, July 17, 2012. A three course lunch will be followed by a PowerPoint presentation and an extended question and answer period. I’ll be giving you my up to date view on stocks, […]

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