June 17, 2025 - Quote of the day
"Almost all asset markets are bubbles and mispriced," said Bill Gross of bond giant PIMCO.
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April 22, 2025 - Quote of the Day
"Sometimes we stare so long at a door that is closing that we see too late the one that is open," said Alexander Graham Bell, inventor of the telephone.
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The Mad Hedge Dictionary of Trading Slang
The Diary of a Mad Hedge Fund Trader is read in 140 counties. About a quarter of our readers run the letter through a Google Translator before reading. That has created a problem. Stock trading is probably the most slang and acronym-ridden profession on the planet, second only to the United States Marine Corps. (Semper
The New Offshore Center: America
Officials in South Dakota have figured out how to make up for the complete collapse of their oil fracking industry. They are morphing the Peace Garden State into a major offshore banking center. South Dakota is not alone. Some 200,000 corporations, limited liability companies, and family trusts are registered in remote Stateline, Nevada on the
A Christmas Story
When I was growing up in Los Angeles during the fifties, the most exciting day of the year was when my dad took me to buy a Christmas tree. With its semi-desert climate, Southern California offered pine trees that were thin and scraggly at best, and we didn’t want to chop down the view that
November 20, 2024 - Quote of the Day
"Interest rates are the physical gravity of financial assets. The lower they are, the higher assets will levitate," said Anthony Scaramucci, the founder and managing partner of SkyBridge Capital, a leading hedge fund of funds.
November 4, 2024 - Quote of the Day
"Homo Sapiens, the first truly free species, is about to decommission the natural selection, the force that made us," said E.O. Wilson, a Harvard University biology professor.
October 17, 2024 - Quote of the Day
"Every attempt to make war easy and safe will result in humiliation and disaster," said the Civil War General, William T. Sherman.