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IB raised the commission for low priced stocks and now its tough to make money in very low priced OTC stocks, which I trade from time to time. So I'm looking for a broker with fixed commission charges and that will open accounts to non-US entities. TDAmeritrade is out because they only open...

Novogratz on Crypto valuation: “[Cryptocurrency] is a global revolution. The internet bubble was only a US thing. It was rich US people participating. [Cryptocurrency] is global. There are kids in Bangladesh buying coins. It is monstrous in Tokyo, in South Korea, in China, in India, and in...

You are from Palo Alto, CA right? Maybe thats why. I would recommend you visit a small town in Brazil, especially in the state of Minas Gerais or Bahia. That should demonstrate to you why I felt that way (also locals also told me that mainlanders are even ruder than them)

For americans its pretty much a nobrainer for the young people to consider graduating from a college overseas rather than in the US. Not only will they save a massive amount of money (avoiding being stuck with debt for years) but they will also accumulate a lot of lessons, learnings and...

What is interesting is that some people like Chris Sacca (a VC with a great track record) makes it part of his investment criteria to ONLY invest in startups lead by people that have lived abroad for a certain period. I can see why he would do that, at least partially. I believe that if someone...

I didnt visit Mainland China. I wasnt doing research or anything like that, just enjoying some free time without any plans. But I was told by HK Chinese people that Mainland Chinese are even more rude than HK people. I assume some of that is related to ridiculous work hours and no vacations. I...

I just came back from a trip to Hong Kong and Macau. My impressions were -The Chinese (HK Chinese but I assume it also applies to Mainland Chinese as well) have a really strong work ethic. I went to Paraguai a few years ago, on Sundays and holidays you couldn't find a place open to save your...

https://seekingalpha.com/article/126229-the-roubini-portfolio "Roubini, as a professor at NYU, has a 401(k) -- and that is invested in a broad range of domestic and international equities. Whatever percentage of his NYU salary that Roubini puts into his 401(k), then, will indeed be allocated...

The guy behind ZeroHedge also seems to have a Roubini Barbell portfolio. 90% of his commentary is bearish, yet it came out that he bought a piece of real estate worth over $2M, I'm sure that is not the only asset "inflated by QE" he has purchased. He might eveb consciounsly hedge his bearishness...

And Roubini in particular is quite a character. I remember an interview he did with Maria Bartiromo back in 2008/2009 where he said something to the effect of "I dont try to time the market, I have all my savings in stocks, it will produce the highest return over the long-run". He was doing that...

I read Dalio's book a few months ago but I never mentioned in this journal. I liked the book, especially the concept of "believability-weighted decision making". This is something that I believed it but I never was able to articulate and make it a very concious part of my view of the world. My...

Get 1 year UST bills instead of 1 month. That way you dont have the hassle of rolling over them and having to pay commissions several times a year

Arent a lot of these chinese tech companies great beneficiaries from Chinese barriers (like the Great Firewall) and thus they lack the innovation needed to compete globally against their US competitors? In China they can do great but what about the rest of the world?

von Mises: "Lugwig von Mises rejected the use of mathematics in economics, but by no means abandoned abstract theorizing. In fact, Mises's methodology is quite unreal. Mises's books contain no charts, tables or graphs...They contain no mathematical formulas or econometric models, no empirical...

You got my quote wrong, I'm arguing that there is not enough data to attach a high conviction level to most theories about economies and markets because they are EASILY fasifiliable/contradicted by even more data and studies. Which is typical when you are dealing with extremistan datasets At the...

Maybe I wasn't clear enough (I was rambling after all) or I dont understand what you are saying. I dont mean to say that evidence for something shouldn't be counted as evidence or that Soros subscribes to that belief. Just that people usually overrate evidence (except Austrians who underweight...

The other day I was thinking about Milton Friedman's old critiscism of praxeology: "So far as von Mises is concerned, I refer to his methodological doctrine of praxeology. That's a fancy word and it may seem highly irrelevant to my topic, but it isn't at all. Because his fundamental idea was...

How he could have invested in the S&P500 back in the 40s with no fees?

Yeah, it sounds like there might be some legal issues around that

Its possible to exercise the puts right? If so, its probably a good idea to do so. The only question is how low a strike would it make sense to exercise them. I havent followed all the developements but even as low as $10 might be a decent play to exercise. If they get suspended the stock will...