Animal spirits are still relatively muted. I spent most of yesterday running around New York City meeting with traders and investors of all kinds. These days, I live outside the city, with three kids and all. I’m a suburbs guy…
I’ve been trading Crypto since about 2014. Some people were trading it even before me. Never has the total Cryptocurrency market been worth as much as it is today. Even if you don’t own any Crypto – even if you…
If we’re going to consistently profit from everybody being wrong so often, I think it’s important to understand why. Why is everyone always so wrong? It all comes back to the humans. It isn’t just the “retail” investors, who are…
It’s important to take time to stop and look around. We don’t want to devise a strategy and force it on the market no matter what. It’s actually the opposite. The first thing we want to do is identify what…
We call this daily note Everybody’s Wrong because it certainly feels that way sometimes. The truth is the crowd is usually right through the duration of most trends. So when asset prices are trending but the crowd is wrong, it…
If your strategy only works in certain types of market environments, then it’s probably time for a new strategy. If you’re unable to adapt to changing market conditions, it’s only a matter of time before it’s all over for you. …
Most people don’t know what to do with short interest data. That’s not an insult. That’s just the truth. Take the latest FINRA report, for example. It came out on Wednesday, July 10. It’s impossible to find, and even if…
Bitcoin and Cryptocurrency are not a new asset class. They’re just more technology stocks. Everybody’s wrong about this. And they’ve held themselves back by putting Bitcoin and Crypto on a pedestal. My Personal Evolution I started trading Crypto back in…
Historically, when everybody expects stocks to rise and consumers are also feeling good, it doesn’t bode well for the market. At a certain point, if we’re all bullish, and we’ve all acted upon that belief, who’s left to buy? And…
Charlie Munger once turned to his longtime business partner Warren Buffett and said, “Warren, if people weren’t wrong so often, we wouldn’t be so rich!” Charlie’s message has resonated with me for many years. It’s a big reason why I…
What we like to do is find massive divergences between what investors think should be happening and what’s actually happening. We came into the year looking for a U.S. Dollar rollover, as investors all over the world just assumed the…
There’s a big misconception I’ve noticed among the public, and it’s getting worse. For some reason, people forget CEOs work for shareholders. The job of a CEO is to increase shareholder value. Period. The CEO does not work for employees.…
