Alchemy – Bulls into Bears

Posted on Saturday, June 9th, 2018

So  much to say and so little space. I guess a chunk will have to wait for my quarterly letter next month. Bulls into Bears Some of the most visible market pundits that I term as permanent bulls have turned bearish of late. In fact, in my almost 30 years of doing this, these are… read more.

Watch List

Posted on Sunday, June 3rd, 2018

While none of us really want to circle back and explore the Euro crisis again we may not have any choice. We are back to Ital-eave which, by the way, is my personal favorite portmanteau created since the dawn of the GFC. Italy is the third largest sovereign borrower in the world and has large… read more.

Stolen Picasso

Posted on Sunday, May 27th, 2018

My wife stole my Picasso!! Great story making the rounds of late. A billionaire investor was very proud of the $50 million Picasso that hung over his bed. His wife, being a fairly good artist, quipped sarcastically that she could paint that! The billionaire investor quickly dismissed his wife’s claim. Years later, after the divorce,… read more.