I am writing to you offshore from the Falkland Islands near the east coast of Patagonia in Argentina, at 51 degrees south latitude, 59 degrees west longitude. I just completed a hike to the highest peak in the islands, some 2,313 feet, and it was damp, cold, and windy. So, it will take some time […]
Category Archives: Diary
“US stock performance was good in 2025, but is set to be outperformed by Japan, Europe, and emerging markets,” said a top manager at bond giant PIMCO.
Global Market Comments February 13, 2026 Fiat Lux Featured Trade: (FEBRUARY 11 BIWEEKLY STRATEGY WEBINAR Q&A), (MSFT), (SNOW), (JPM), (KO), (FXE), (FXA), (FXB), (FXC), (TSLA), (GLD), (SLV), (PANW), (PLTR), (LLY)
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Trader Global Strategy Webinar, broadcast from 65 degrees South in Antarctica. Q: I’m concerned about pressure on software standalones in the face of AI domination; are these stocks a buy, or when will we see the bottom? Are they going out of business? A: Some will and some won’t, such is the nature of technology […]
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“Investing Illusions can continue for a surprisingly long time,” said Oracle of Omaha Warren Buffet.
Global Market Comments February 12, 2026 Fiat Lux Featured Trade: (LEARNING THE ART OF RISK CONTROL)
Now that you know how to make money in the market, I’m going to teach you how to hang on to it. There is no point in booking winning trades only to lose the money by making careless mistakes. So today, I am going to talk about risk control. The first goal of risk control […]
Global Market Comments February 11, 2026 Fiat Lux Featured Trade: (SOME SAGE ADVICE ON ASSET ALLOCATION)
Asset allocation is the one question that I get every day, which I absolutely cannot answer. The reason is simple: no two investors are alike. The answer varies whether you are young or old, have $1,000 in the bank or $1 billion, are a sophisticated investor or an average Joe, in the top or the […]
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“Fair value doesn’t mean you have to go down. It just means you have to be cautious,” said hedge fund legend David Tepper of Appaloosa Management.