I like to start out my day by calling readers on the US East Coast and Europe, asking how they like the service, are there any ways I can improve the service, and what topics they would like me to write about. After all, at 5:00 AM Pacific time, they are the only ones around. […]
Since we have just taken in a large number of new subscribers from around the world, I will go through the basics of my Mad Hedge AI Market Timing Index one more time. I have tried to make this as easy to use as possible, even devoid of the thought process. When the index is […]
I am once again writing this report from a first-class sleeping cabin on Amtrak’s legendary California Zephyr. By day, I have a comfortable seat next to a panoramic window. At night, they fold into two bunk beds, a single and a double. There is a shower, but only Houdini could navigate it. Not made for […]
SOCIALISM You have 2 cows. You give one to your neighbor. COMMUNISM You have 2 cows. The State takes both and gives you some watered-down milk. FASCISM You have 2 cows. The State takes both and sells you some milk at an inflated price. NAZISM You have 2 cows. The State takes both and sends […]
How many mutual funds would you guess outperformed the stock market since the bull run started four years ago? If you guessed 1,000, 100, or even 10, you would be dead wrong and even off by miles. In actual fact, not a single mutual fund has beaten the market since 2020. Remember all those expensive, […]
Until the 19th century, children used to provide income and security for their parents as they worked on the family farm. That dynamic continued when industrialization brought families into the cities and kids into the factories. Since then, children have been a great short. A hundred years of state-mandated education and child labor laws increased […]
If there was ever an argument that you should rely on independent newsletters for guidance about financial markets, such as The Diary of a Mad Hedge Fund Trader, and not traditional brokerage houses, take a look at the chart below from JPMorgan. It shows that despite all of the reforms passed after the dotcom crash […]
Last weekend, I had dinner with one of the oldest and best-performing technology managers in Silicon Valley. We met at a small out-of-the-way restaurant in Oakland near Jack London Square, so no one would recognize us. It was blessed with a very wide sidewalk out front and plenty of patio tables. The service was poor […]
Lately, I have spent my free time trolling the worst slums of Oakland, CA. No, I’m not trying to score a drug deal, hook up with some ladies of ill repute, or get myself killed. I was looking for the best-performing investment for the next 30 years. Yup, I was looking for new homes to […]
After spending more than half a century in the investment business, I see all decisions boiling down to a single issue: Artificial Intelligence. Speaking to people at the local PTA, American Legion, the VFW, the Commonwealth Club, people sitting next to me at high school football games, and even my own readers, this is the […]
