Squirrels 2 – Central Bankers 0
A squirrel stored 300 pounds of acorns inside a transmitting antenna. At this point, is there anyone who thinks our debt/money printing/currency debasement regime is superior to a small rodent who saves during the summer so it has food (income) during the winter? The squirrel stocked about 150 kilos of acorns inside the transmitting antenna. … Read more
Do You Adapt to Changing Market Conditions?
I’ve worked for and run a variety of different hedge funds with multiple strategies: concentrated long-only, long-short equity, long-term value, special situations, growth investing, options-based hedging, and even risk arbitrage (betting on the results of an announced but not completed merger or acquisition). The best investors have a clear understanding of what makes a good investment … Read more