March 24, 2026
Global Market Comments March 24, 2026 Fiat Lux Featured Trade: (FOUNDING THE MAD HEDGE DIARY OF A MAD HEDGE FUND TRADER)
Entries by april@madhedgefundtrader.com
Founding the Mad Hedge Diary of a Mad Hedge Fund Trader
The Diary of a Mad Hedge Fund Trader is now celebrating its 18th year of publication. During this time, I have religiously pumped out 3,000 words a day, or 18 newsletters a week, of original, independent-minded, hard-hitting, and often wickedly funny research. I spent my life as a war correspondent, Marine Corps combat pilot, Wall
March 23, 2026 - Quote Of The Day
“Getting information off of the Internet is akin to trying to sweep back the ocean with a broom,” said Ray Kurzweil, director of engineering at Google.
March 19, 2026
Global Market Comments March 19, 2026 Fiat Lux Featured Trade: (TUESDAY, JUNE 16, 2026, NEW YORK CITY GLOBAL STRATEGY LUNCHEON)
Tuesday, June 16, 2026 New York City Global Strategy Luncheon
For the first time in three years, I’m back in the Big Apple! Come join me for lunch at the Mad Hedge Fund Trader’s Global Strategy Luncheon, which I will be conducting in New York City on Tuesday, June 16, 2026. An excellent meal will be followed by a wide-ranging discussion and an extended
March 18, 2026
Global Market Comments March 18, 2026 Fiat Lux Featured Trade: (JOIN ME ON CUNARD'S QUEEN MARY 2 FOR MY JUNE 19 TRANSATLANTIC SEMINAR AT SEA LUNCHEON)
March 18, 2026 - Quote of the Day
"The things that affect the investment world so profoundly are the things that were not foreseen. If they could be foreseen ... anticipated and adjusted to and factored into prices, they wouldn't have that cataclysmic effect," said legendary investor Howard Marks of Oaktree Capital.
The Reputation Trade
In 1987, I was drinking whisky in a Ginza bar with a senior trader from one of Japan's largest brokerages. He was celebrating. His firm's stock had just hit a new all-time high, trading at a valuation that made even the most optimistic analysts uncomfortable. I asked him what justified the premium. He swirled his
March 17, 2026
Global Market Comments March 17, 2026 Fiat Lux Featured Trade: (HOW TO HANDLE THE FRIDAY, MARCH 20, OPTIONS EXPIRATION), (SPY), (RTX), (BA), (CAT), (GLD)