“Day to day, the stock market is a voting machine; in the long term, it’s a weighing machine,” said the legendary stock analyst Benjamin Graham.
Category Archives: Diary
Global Market Comments March 20, 2025 Fiat Lux Featured Trade: (PLEASE USE MY FREE DATABASE SEARCH)
The original purpose of this letter was to build a database of ideas to draw on in the management of my hedge fund. When a certain trade comes into play, I merely type in the symbol, name, currency, or commodity into the search box, and the entire fundamental argument in favor of that position pops […]
Global Market Comments March 19, 2025 Fiat Lux Featured Trade: (PROFITING FROM AMERICA’S DEMOGRAPHIC COLLAPSE)
Demographics is destiny. If you ignore it as an investor, you will be constantly behind the curve wondering why your performance is so bad. Get ahead of it, and people will think you are a genius. I figured all this out when I was about 20. I realized then, back in 1972, that if I […]
Global Market Comments March 18, 2025 Fiat Lux Featured Trade: (HOW TO HANDLE THE FRIDAY, MARCH 21 OPTIONS EXPIRATION)
Followers of the Mad Hedge Fund Trader alert service have the good fortune to own four in-the-money options positions that expire on Friday, March 21, and I just want to explain to the newbies how to best maximize their profits. These involve the: Risk On (NVDA) 3/$88-$90 call spread […]
“A fool learns from experience. A wise man learns from the experience of others,” said Otto von Bismarck, the first Chancellor of Modern Germany.
Global Market Comments March 17, 2025 Fiat Lux Featured Trade: (MARKET OUTLOOK FOR THE WEEK AHEAD, or SELL FIRST AND ASK QUESTIONS LATER), (SPY), (TLT), (IBKR), (GM), (TSLA), (NVDA), (SH)
I have been learning a new language over the past few weeks (I already speak six). And like learning any new language, it has been a bumpy road. I remember a family dinner I had in Tuscany in 1968. The dessert was chocolate cake. I didn’t know how to say “cake” in Italian, so I […]


