Substack Library
GlossaryChina’s Deflationary Down Wave
February 9, 2024Note to my readers: I am in Florida to celebrate my wife’s birthday and attend rowing camp. As a result, no post next week unless the sky falls, in which case you will hear from me.
The Outlook in Pictures
February 2, 2024THIS IS NOT INVESTMENT ADVICE. INVESTING IS RISKY AND OFTEN PAINFUL. DO YOUR OWN RESEARCH.
Would a Trump Win Move Markets?
January 26, 2024“I will try to express myself in my art as freely as I can and as wholly as I can, using for my defense the only arms I allow myself to use, silence, exile and cunning.”
Getting Paid To Wait
January 19, 2024“We have divided among us, like thieves, the treasure of nights and days.”
Big Forces, Asset Pricing
January 12, 2024NOTHING BELOW IS INVESTMENT ADVICE. INVESTING IS RISKY AND OFTEN PAINFUL, DO YOUR OWN RESEARCH.
Villains, Perpetrators, Markets
January 7, 2024“Four hoarse blasts of a ship’s whistle still raise the hair on my neck and set my feet to tapping.”
Avoiding Drawdowns
January 1, 2024Today I am writing about drawdowns and market surprises. If you are here for the investment logic jump to the paid section.
Cycles + Tomorrow’s Returns Today
December 22, 2023Announcements: Master, Minion was selected by Kirkus Reviews as among the “top 100” Indie books published in 2023. There are about 4 million books published a year, of which Kirkus reviews about 10,000. It’s a political thriller full of art, love, sex, violence, and political intrigue. My next book, The Uncomfortable Truth About Money (Harriman), comes out next year.
Look Back & Look Out
December 15, 2023Announcements: If you like the content (books, podcast, Substack) submit a review (Amazon, Apple, this page). Also, I want to do a podcast on US health insurance. I am looking for a guest who knows these organizations from the inside out and can explain how they are incentivized to reject claims. If you know of someone, please let me know.
The Power of Positive Cash Flow
December 8, 2023“Before I can solve a problem, I just state it to myself. When I think I have found the solution I must prove I am right. I know of only one way to prove it; and that is, with my own money.”