January 15, 2025 - Quote of the Day
"My experience in business helps me as an investor, and my investment experience makes me a better businessman," said Oracle of Omaha, Warren Buffett.
Entries by MHFTR
January 13, 2025 - Quote of the Day
“When the Dow was down 3,600 points I felt like hugging our computers. The combination of man and machine is wonderful…Computers, math and game theory are the best decision makers there are,” said Bridgewater founder Ray Dalio.
December 31, 2024 - Quote of the Day
“To get rich is glorious!” said Deng Xiaoping, the Chinese general who launched the country’s modern economy in the seventies.
An Evening with Travel Guru Arthur Frommer
It was with great sadness that I learned of the passing of travel guru Arthur Frommer at the age of 95. Arthur had a great influence on my life. Since many of you are now planning summer vacations, I thought I would pass on what I learned from the ultimate travel guru of all time.
The Real Estate Crash Coming to a Market Near You
Hardly a day goes by when a reader doesn’t ask me when the Australian real estate bubble is going to burst. They are right to be concerned. In the table below, Sydney is ranked as the second most expensive market in the world at 12.2 times the local median pre-tax household annual income. It is
The Falling Market for Kids
Until the 19th century, children used to provide income and security for their parents as they worked on the family farm. That dynamic continued when industrialization brought families into the cities and kids into the factories. Since then, children have been a great short. A hundred years of state-mandated education and child labor laws increased
Trading the Kennedy Assassination
Passing through Dallas, Texas on the way to a previous Mad Hedge Strategy Luncheon a few years ago, I couldn’t help but remember the assassination of President John F. Kennedy on November 22, 1963, some 57 years ago today. The tragedy offers valuable lessons for today’s traders, although we have to travel a somewhat circuitous
Testimonial
I am basically writing this email to thank you so much for coming to Australia. Thank you again for sparing the time, for being present to hear our questions, for sharing your valued insights and knowledge and in addition to all that thank, you for your friendship. As I said on the occasion, I was
November 18, 2024 - Quote of the Day
"The government is now the biggest impediment to economic growth," said my old friend Steven Rattner of the Quadrangle Group.
November 5, 2024 - Quote of the Day
"No better friend, nor worse enemy," says the motto of First Division of the US Marine Corps.