May 7, 2024 - Quote of the Day
“Artificial Intelligence is potentially more dangerous than nukes,” said Andrew McAfee of the MIT Center for Digital Business.
Entries by MHFTF
Dumping the Old Asset Allocation Rules
What to do about asset allocation is the one question that I get every day which I absolutely cannot answer. The reason is simple: no two investors are alike. The answer varies whether you are young or old, have $1,000 in the bank or $1 billion, are a sophisticated investor or an average Joe, in
January 6, 2025 - Quote of the Day
“Short term volatility creates long term opportunity, said Rupal Bhansali, of the Ariel International Fund.
Who Was the Greatest Wealth Creator in History?
Who’s been buttering your bread more than any other? Which publicly listed company has created the most wealth in history? I’ll give you some hints. The founder never took a bath, was a devout vegetarian, and dropped out of college after the first semester. The only class he finished was for calligraphy. And he was
Why Doctors Make Terrible Traders?
At one of my recent Strategy Luncheons, I had the pleasure of sitting next to an anesthesiologist who was a long-time reader of my research. As much as he loved the Diary of a Mad Hedge Fund Trader, he confided in me that his trading results were awful. I told him I knew why. Doctors,
October 19, 2023 - Quote of the Day
When you look at the size of the US workforce over the next 30 years, it is going to increase by 30%. That compares to Japan, where it is going to be shrinking, Europe, where it is contracting, and even China, where it turns down. The idea that the baby boomers are going to overwhelm
May 12, 2023 - Quote of the Day
“Everyone has the brainpower to make money in stocks. Not everyone has the stomach,” said legendary investor and former client Peter Lynch.
Is Airbnb Your Next Ten Bagger?
Last summer, I stayed at an Airbnb in Long Beach, CA in order to pick up my kids from the Boy Scout Camp on Catalina Island. It was billed as a vintage 1920s residence with all the period finishes, was two blocks from the beach, and was a short drive to the Cataline ferry, so
Shopping for Fire Insurance During a Hurricane
With the Volatility Index back down to a bargain $18, I am getting deluged with emails from readers asking if it is time to start hedging portfolios one more time and buying the iPath S&P 500 VIX Short Term Futures ETN (VXX). The answer is no yet, but soon, possibly very soon. They are inquiring
December 16, 2022 - Quote of the Day
“Without new profits, the market can’t go anywhere,” said independent research consultant David Darst.