“If you desire a ride to Baghdad, here is a magic carpet; if you desire your enemy dead, here is a magic doll; if you desire unlimited riches, here is a forecast of interest rates.” – Deirdre McCloskey Advertisements
Markets have been volatile in 2016, not 2008 volatile, but the worst we’ve seen since then. You can blame it on a number of factors but two stand out to me, a slowing Chinese economy, and the price of oil. Slowing Chinese demand may be the biggest issue plaguing the U.S. economy. Fortunately, the PBOC […]
The Shaperfunds portfolio returned 3.65% in 2015, 5.3% better than my benchmark, the S&P 500 Index. According to the Absolute Return Composite Index, the average hedge fund lost 0.09% for the year. Below is a chart showing the Shaperfund portfolio versus my benchmark. The 5.3% outperformance is a result of stock selection and market timing. The […]
Today was a great day for me thanks in part to speculation that Canadian Pacific is interested in buying Norfolk Southern. Norfolk Southern and CSX Corp. accounted for 3.1% of my portfolio at the beginning of today and closed up 11% and 3% respectively. Here is my portfolio as of close today: Here is my […]
We finally got a 10% correction and while I cannot say if it’s over or just beginning, it’s nothing new.