March 31, 2021 - Quote of the Day
"Good fortune is often more fatal than adversity," said the 18th century German emperor, Frederick the Great.
Entries by MHFTR
The Latest on Quantum Computers
When I was a kid, radios were built with vacuum tubes. I remember my dad taking me to the supermarket where a large display case sporting dozens of sockets identified the tube you needed. All you had to do then was install it without electrocuting yourself. Then transistors were invented and everything changed overnight. Suddenly,
The Worst Trade in History
Say you owned 10% of Apple (AAPL) and you sold it for $800 in 1976. What would that stake be worth today? Try $80 billion. That is the harsh reality that Ron Wayne, 84, faces every morning when he wakes up, one of the three original founders of the consumer electronics giant. Wayne first met
October 20, 2020 - Quote of the Day
“Nobody knew it was August 1982 until it was August 1984,” said Christopher Verrone, head of technical analysis at research boutique Strategas.
If Bonds Can’t Go Down, Stocks Can’t Either
The U.S. Treasury bond market has suddenly ground to a halt, puzzling traders, investors, and hedge fund managers alike. Today, the yield on the 10-year Treasury bond (TLT), (TBT) traded as low as 0.77%. This is despite the U.S. economy delivering a horrific negative GDP growth during Q2. Growth is expected to rebound to 2-5%
Testimonial
Don't worry, John. Your posts are probably the least boring of any mentor(s) out there. Please keep up the good work. By the way, I may have flown in that Tiger Moth back in the early 70s. My dad learned to fly on Tiger Moths right after the war in south England and we used
October 8, 2020 - Quote of the Day
“October is one of the most peculiarly dangerous months to trade in stocks. The other are July, January, April, November, May, March, June, December, August, and February,” said American writer and humorist Mark Twain.
How the Risk Parity Traders are Ruining Everything!
I received a call from a hedge fund manager on Friday warning me of what was about to hit the market. So much money had poured into "risk parity” strategies that it was starting a long-term secular trend up in market volatility (VIX). It was a classic case of too many people bunching up at one
Testimonial
I am constantly puzzling over what to say in a testimonial for the Mad Hedge Fund Trader. There are so many elements to the service. Traders and fund managers can vary so much in their style and experience. This is my 5th year of MHFT/MDT subscription. After a few ups and downs, making most of
October 2, 2020 - Quote of the Day
“The Fed only knows two speeds; too fast, and too slow,” said Nobel Prize winning economist Milton Friedman to me over lunch one day.