I have spent many hours speaking at length with the generals who are running our wars in the Middle East, like David Petraeus, and James E. Cartwright. To get the boots-on-the-ground view, I attended the graduation of a friend at the Defense Language Institute (DLI) in Monterey, California, the world's preeminent language training facility. As
“The Fed only knows two speeds; too fast, and too slow,” said Nobel Prize-winning economist Milton Friedman to me over lunch one day.
Global Market Comments October 26, 2023 Fiat Lux Featured Trade: (LAST CHANCE TO ATTEND THE OCTOBER 31 MIAMI, FLORIDA STRATEGY LUNCHEON) (THE REAL ESTATE MARKET IN 2030), (XHB), (ITB), (LEN), (INDUSTRIES YOU WILL NEVER HEAR FROM ME ABOUT)
Come join me for lunch for the Mad Hedge Fund Trader’s Global Strategy Update, which I will be conducting in Miami, Florida at 12:00 PM on Tuesday, October 31, 2023. A three-course lunch is included. I’ll be giving you my up-to-date view on stocks, bonds, currencies commodities, precious metals, and real estate. And to
A number of analysts, and even some of those in the real estate industry, think that there will never be a recovery in residential real estate. With 8.0% mortgage rates who can blame them. Long time readers of this letter know too well that I went hugely negative on the sector in late 2005, when
The focus of this letter is to show people how to make money through investing in fast growing, highly profitable companies which have stiff, long term macroeconomic winds at their backs. That means I ignore a large part of the US economy, possibly as much as 70%, whose time has passed and are headed for
Global Market Comments October 25, 2023 Fiat Lux Featured Trade: (AN EVENING WITH THE CHINESE INTELLIGENCE SERVICE), (FXI), (CYB), (BIDU), (CHL), (BYDDF), (CHA)
The current chip war with China brings back memories of my five-decade-long relationship with the People’s Republic of China. I normally avoid the diplomatic circuit, as the few non-committal comments and soggy appetizers I get aren’t worth the investment of time. But I jumped at the chance to celebrate the 62nd anniversary of the founding
Global Market Comments October 24, 2023 Fiat Lux Featured Trade: (POPULATION BOMB ECHOES), (MOS), (AGU), (WEAT), (CORN), (SOYB), (RJA) (A SHORT HISTORY OF HEDGE FUNDS)
Legendary Fortune Magazine editor, Winslow Jones, created the first hedge fund out of a shabby office on Broadway Avenue in New York City in 1948 and generated monster returns over the next 20 years. He got the idea of a 20% performance bonus, now an industry standard, from ancient Phoenician sea captains who kept a
“Wall Street denizens are always ready to suspend disbelief when dubious maneuvers are used to manufacture rising per-share earnings , particularly if these acrobatics producer mergers that generate huge fees for investment bankers,” said Oracle of Omaha, Warren Buffet.
Global Market Comments October 23, 2023 Fiat Lux Featured Trade: (MARKET OUTLOOK FOR THE WEEK AHEAD, or WAS THAT THE CAPITULATION?), (SPY), (TLT), (TSLA), (NVDA)
It’s very relaxing writing here in West London, recovering from my injuries. No air raid alerts, no incoming missiles, no heavy artillery. The people you encounter are upbeat and optimistic, not haggard, sleep-deprived, and war-weary. I just knock out a newsletter and then head for the King’s Head for a pint of Guinness and a
Global Market Comments October 20, 2023 Fiat Lux Featured Trade: (TESTIMONIAL) (OCTOBER 18 BIWEEKLY STRATEGY WEBINAR Q&A), (LMT), (MS), (GOOG), (NVDA), (TSLA), (MSFT), (AMZN), (APPL), (META), (FXI), (RIVN), (NFLX)
Thank you so much for that Ukraine trip and for the great webinar this morning, I couldn’t be more grateful that I stumbled across you and get all the insight that you offer. Bless you John. Charles Las Vegas, Nevada 2023 Army Mine School in Kiev
Below please find subscribers’ Q&A for the October 18 Mad Hedge Fund Trader Global Strategy Webinar, broadcast from London England. Q: Is Nvidia (NVDA) a buy at the current price? A: Absolutely, if your view is more than, say, a month. This stock will easily be $1,000 in the next year or two. They have
Global Market Comments October 19, 2023 Fiat Lux Featured Trade: (WHO WAS THE GREATEST WEALTH CREATOR IN HISTORY?) (FB), (AAPL), (GOOG), (AMZON), (XOM), (BRKY), (T), (GM), (VZ), (CCA), (WHY DOCTORS MAKE TERRIBLE TRADERS?)
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
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,
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