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https://www.economist.com/news/leaders/21724392-and-man-oval-office-making-bad-situation-worse-donald-trumps-washington good article

This negative/egoic NY influence is another reason why I got to be less bullish in the US at these prices. Trump was born and lived his whole life there, he lived the ecoic lifestyle for too long and manufactured an even bigger, out of this world type lifestyle. He build up an huge ego along the...

I also see now why I was never a big fan of Charlie Munger even though I like Buffett. Charlie always sounded arrogant, egoic, negative, brash, I had plenty of that in my personality and my intution knew I was unbalanced (too bearish and not bullish enough). The way to balance myself was to like...

Today I finished listening to an audiobook that talks about NY in a similar way that I have been hammering for weeks now. Its The Education of a Value Investor, its an excellent book that I was quite impressed with. These days I avoid value investing books like a plague because usually there is...

The whole Martin Skreli hedge fund drama could possibly the most new york thing ever, at least in my mind. Guy learns his whole live how powerful convexity is, watches dozens of people get massively rich being long biotechs, then sets up a hedge fund with high fees (typical NY thing do to) then...

There is also the bonus that intution might work because it simply does. That is, that there is some kind of greater inteligence in the subconcious that manifests itself sometimes through body signals (gut feelings and other manifestations). Either way, it looks like a key component of any good...

Here is a random thought/possibility: intuition might be great not because its accurate/precise/or 'smart' but simply because it gets people to try different things than they are used to. In the process of trying different things people learn (as Taleb says, a lot of the great discoveries were...

tks

http://www.newyorker.com/magazine/2016/07/25/donald-trumps-ghostwriter-tells-all

https://dealbook.nytimes.com/2014/11/24/bear-going-vs-the-bulls-still-profits/?_r=0 2014 article about Spitznagel returns and strategy

Since the 2009 low the S&P500 total return index is up almost 300%. I'm sure a lot of people sold back then trying to avoid a further 20-30% loss, as a result they missed out on a 300% gain. They could only be right in limited amounts but they could (and were) wrong exponentially. This is why...

Except this approach can be part of a multi-strategy approach. It can also be ramped up when risks (as judged by the portfolio manager) are higher than usual and toned down when risks are judged to be lower

Thank you. Writing to myself bores me, it takes huge effort for me to write something that I think it will take months/years for people to read, so I avoid it like a plague. This journal offers me a way to get some people to read it right away and I find that more motivating, gives me more focus...

http://www.coindesk.com/celebrity-investor-mark-cuban-participate-first-ico/ Cuban is investing in this ICO but he is conflicted. He invested in the company (through regular shares) back in 2015, he wants to hype up the ICO so that perhaps the company can raise more money. I was looking around...

https://www.bloomberg.com/view/articles/2017-06-26/this-time-really-is-different

Tks for posting. Very interesting what he said about BRK "I think from what I saw that Berkshire is not immune to their own statement. They got involved in financial products and blew up but this is not advertised (I know people who worked there)."

https://www.bloomberg.com/news/articles/2017-06-28/hot-tax-avoidance-plan-joins-millionaires-hedge-funds-insurers

This is contradicted by their own table

This case is more interesting than it looks. Its a criminal case so it needs to have criminal intent and the jury needs to be unanimous . Yet Skreli did all those things after consulting with a lawyer, who consults with a lawyer if they intend to break the law? That's when the prosecutors felt...

With US treasuries you can maintain 95-99% of your buying power and get some interest. Cash is also not bad, IB is paying 0.66% right now (not including the first $10K)