Commentary

As I noted on Monday, the world has been betting against the U.S. Dollar.  This chart by Ahmed Saqib says it all. The breakdown of the Commitment of Traders Report from the end of August shows that hedge funds had…

Momentum gauges go negative… safe-haven currencies in trouble… election concerns… and a short-term swan trade on the dollar. With the Dow off 800 points on Monday, people continue to speculate that the Federal Reserve will load up its cannons and…

Yesterday’s slump… The Merrill Lynch disaster… Intelsat (INTEQ) buying Gogo (GOGO)… the NYC debate continues… and postcards from the Florida Republic. It was a wild Thursday of trading, wasn’t it?  The Dow Jones shed 807 points yesterday. The Nasdaq slumped…

Seth Klarman has made me a ton of money over the years.  I’ve stolen many of his stock ideas, most of which have gone higher by a multiple of what I paid for. For those not familiar with Mr. Klarman,…

If you follow some of the popular investing websites, you may have seen the flashy headlines reporting that Buffett’s favorite valuation indicator is back to internet bubble levels. It is quite true. The Buffett Indicator is indeed approaching 1999 and…

The dollar dilemma… skin in the game… the Democratic National Convention (DNC) drama… and departures from the Old Union. I took a little heat from some friends of mine after I said I’d be willing to leave the country if…

Thanks to the nature of modern media… it’s nearly impossible to clone the trades of the old guard profitably. In a world of instant reporting, as soon as someone — especially someone like Warren Buffett — makes a move in…