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"Philosophy is written in this grand book, the universe, which stands continually open to our gaze. But the book cannot be understood unless one first learns to comprehend the language and read the letters in which it is composed." - Galileo Galilei

Pizza Arbitrage The owner of a U.S. pizza restaurant discovered he was (inadvertently) selling pizzas on the food delivery app DoorDash, and then realized he could make a profit through buying back his own pies. The cause was a fee-waiving system designed to bring in business—at a cost. "You...

"The greatest freedom in the world is to be able to do what you want, when you want, with who you want." - Anthony (Pomp) Pompliano

“Be kind, for everyone you meet is fighting a hard battle.” - Plato

"Surely all art is the result of one's having been in danger, of having gone through an experience all the way to the end, where no one can go any further." - Rainer Maria Rilke

Odey Says Governments May Make Private Gold Ownership Illegal (Bloomberg) Crispin Odey, one of Europe’s highest-profile hedge fund managers, said that governments may ban private gold ownership if they lose control of inflation in the wake of the coronavirus crisis. “It is no surprise that...

Is Remote Trading Leading to a Paradigm Shift on the Trading Desk? By Shane Remolina - May 20, 2020 Everyone talks about the buzz of the trading room Sell-side traders have worked in large, physical trading rooms for decades. A small proportion have stood every day, shoulder-to-shoulder on huge...

“It seems to me that one of the great purposes of life is to: be happy all the time and to make others happy!” - Napoleon Hill

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Hedge Fund Manager Makes the Case for Value Investing (ETFTrends.com) AQR Capital Management founder Clif Asness addressed whether value investing can work today via a blog post entitled “Is (Systematic) Value Investing Dead?” The extended bull market certainly put value investing in the...

"Strength does not come from winning. Your struggles develop your strengths. When you go through hardships and decide not to surrender, that is strength. "...

The Three Sides of Risk May 19, 2020 by Morgan Housel I grew up ski racing in Lake Tahoe. I was on the Squaw Valley Ski Team, and it was the center of my life for over a decade. At a conference a few months ago I was asked what skiing taught me about investing. This was on stage, where you...

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“Keep your face to the sunshine and you cannot see a shadow.” - Helen Keller

Peet’s is going public again this time via Euronext. Peet’s was taken private by JAB in 2012 inorder to expand more aggressively, 8 years later have only 200, meanwhile Starbucks have 28,218.

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Buffett and Goldman Warren Buffett's Berkshire Hathaway offloaded most of its stake in Goldman Sachs in Q1, according to a regulatory filing. Unlike Berkshire's recent, dramatic selloff of airline stocks, this doesn't seem to be a generalized exit from the banking industry; it remains a...