Mad Hedge Fund Trader

An Evening with Bill Gates, Sr.

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I had a chat with Bill Gates, Sr. recently, co-chairman of the Bill and Melinda Gates Foundation, the world?s largest private philanthropic organization. There, a staff of 800 helps him manage $30 billion. The foundation will give away $3.1 billion this year, a 10% increase over last year. Some $1.5 billion will go to emerging nation health care and another $750 million to … [Read more...]

Old Tech is Back!

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There is no doubt that old tech is back with a vengeance. Look at the trifecta of blockbuster earnings reports from Microsoft (MSFT), Amazon (AMZN), and Alphabet (GOOGL) recently, and you can reach no other conclusion. The Microsoft turnaround in particular has been amazing. PCs, and the software to run them were so 1990s. After the Dotcom bust in 2000, Microsoft was dead … [Read more...]

An Evening with Bill Gates, Sr.

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I had a chat with Bill Gates, Sr. recently, co-chairman of the Bill and Melinda Gates Foundation, the world?s largest private philanthropic organization. There, a staff of 800 helps him manage $30 billion.The foundation will give away $3.1 billion this year, a 10% increase over last year. Some $1.5 billion will go to emerging nation health care and another $750 million to … [Read more...]

The Unintended Consequences of the Euro Crash

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For those of you who heeded my expert advice to buy the ProShares Ultra Short Euro ETF (EUO) last July, well done! You are up a massive 48%! This is on a move in the underlying European currency of only 18.5%. My browsing of the Galleria in Milan, the strolls through Spanish shopping malls, and my dickering with an assortment of dubious Greek merchants, all paid off big time. … [Read more...]

Is It Time to Buy Technology Stocks?

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Call it the shot heard round the world. David Einhorn?s lawsuit against tech goliath Apple (AAPL) has focused a giant spotlight on what has been one of the worst performing stock market sectors of 2013-- large old technology stocks. Could this be the set up for the biggest sector rotation of the year? Most of the price action in this year can be divided into kinds: big cap … [Read more...]