September 4, 2016 12:51 AM
“For a country with over 300 million people, why do you choose such bad politicians?”
Yup, I’ve been doing business overseas for a while now and I keep getting the same question from foreigners who simply cannot decipher the American political system. Heck, I often ask myself the same questions.
A few years ago, I had this conversation;
Him: Will George W. Bush invade my country?
Me: Don’t worry, he can’t find it on the map...
Fast forward 8 years;
Him: Why is your Nobel Prize winning ... more
August 18, 2016 5:54 AM
Everyone is asking: “Is this is the right shoulder in oil?”
I know, I’m not a chart guy, but I certainly respect charts for entry points. Sentiment on oil is awful. Inventory is high. Refined inventory is off the charts. New supply is expected from all sorts of countries. Yeah, I’ve heard it all, but so have the charts. Here we are, and it sure looks like oil is forming a 2-year inverted head and shoulders (H&S) reversal.
Look at the S&P Oil & Gas Exploration & Production... more
August 7, 2016 12:26 PM
So, the inevitable happened, someone hacked Bitfinex where I kept part of my Bitcoin stash. It sounds like I’m getting back 64% of my bitcoins and a BFX token which I can potentially exchange for shares of iFinex Inc., which happens to be the Bitcoin exchange that lost my damn bitcoins in the first place!!! Why would I want to own non-tradable illiquid equity in an exchange that no one will ever want to put money into again? Why do I want BFX tokens? Why do I want Bitcoins in the first place... more
July 30, 2016 5:28 AM
Two weeks ago, I had a call (linked below) with my good friend Chris MacIntosh from Capitalist Exploits. We spoke about Brexit, Bitcoin and why my investing strategy has evolved from buying small growing companies to buying the shake-outs from macro events. I recommend subscribing to Capitalist Exploits in order to get notified when new content is posted.
Trading The Chaos
July 7, 2016 12:57 AM
In all my global wanderings, I’ve only been to London twice—during one of those visits, I didn’t even leave Heathrow. To say that I understand the inner psyche of the British is foolish, but I certainly would have voted in favor of Brexit. I would have voted this way, not because I’m uneducated, impoverished or racist. I certainly don’t feel disenfranchised. I would have voted for Brexit out of sheer personal self-interest. As I watch both leading UK parties disintegrate into internecine cha... more