April 5, 2019

I started my career in global macro investing in 2008. As you can imagine, it was a complete baptism of fire. Storied institutions like Lehman Brothers, Fannie Mae and Freddie Mac were failing every day, with many others coming close to the brink. The next few years ha...

March 22, 2019

I initially wanted this to be a post about how someone could generate outstanding investment returns without being what's traditionally considered a top investor - say, for example, lacking unusual information advantages or extraordinary analytical wizardry. I started...

May 29, 2018

I've been thinking about complacency a lot lately. We're approaching the 10-year anniversary of the collapse of Lehman Brothers, but with markets buoyant, it's hard to believe we might return to those perilous times. Allowing complacency to seep into markets generally...

July 27, 2017

After a brilliant display against Real Madrid, Manchester United forward Anthony Martial was urged by manager Jose Mourinho to produce that form more consistently. My initial response: Well, yeah, no kidding. It would be great if Martial could consistently go past play...

January 16, 2017

"Some people believe football is a matter of life and death...I can assure you it is much, much more important than that." - Bill Shankly, Liverpool Football Club manager

Shankly might have been exaggerating, but it's pretty remarkable how closely Manchester United's fo...

October 3, 2016

Any investor worth his salt spends as much time thinking about portfolio construction as he does about security selection. Unsurprisingly, portfolio construction and its cousin, asset allocation, feature prominently in much of modern finance theory. At the simplest lev...

Please reload

Get Updates
  • Grey Twitter Icon
Recent Posts

2020 Book Recommendations

July 30, 2020

1/10
Please reload

Books and Podcasts

2020 Book Recommendations

July 30, 2020

1/6
Please reload

Tag Cloud
Please reload

  • Grey Twitter Icon