Tag Archives: investingphilosophy

Co-Relation Trades & Blowing Up

Here are two case studies of Co-relation trades & blowing up. The common theme in both of these trades: an allergic reaction to be negative carry or paying out premiums. ===== 1) London Whale (2012) Bruno Iskill initiated a curve … Continue reading

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Investment Backwater

Milken, as you probably know, turned junk bonds from a financial backwater into a national mania ===== These are still not fully formed thoughts & still very fragile & still could be obvious to the rest of you. Here goes: To make large … Continue reading

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GMO Reports Over the Years

GMO Ode to Joy of Cash.pdf GMO_AA_2008 10 year results.pdf GMO_Letter_ShortestLetterEver_3Q11.pdf JGLetter_Pt2_DangerChildrenatPlay_2Q11.pdf JGLetter_ResourceLimitations2_2Q113.pdf Quarterly Review 2011_Q1 Grantham2.pdf

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Howard Marks – Asset has certain quantum of return potential over its lifetime

"To me, the answer is simple: the better returns have been, the less likely they are – all other things being equal – to be good in the future. Generally speaking, I view an asset as having a certain quantum … Continue reading

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Ray Dalio & George Soros- Investing Philosophy vs Raw Instincts

Ray Dalio joins the list of successful investors who try to turn thier successful investing style into a philosophy about society, life and everything in between. George Soros tried it with his Theory of Reflexivity but when it against his “signal… Continue reading

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Spotting Bubbles: Originally Sound Premise & Price Actions

I had read the attached really great testimony on Buffet when it first came up and found myself re-visiting it when talking about a bubbly market. I think most people are generally good at coming up with macro/micro themes e.g. Internet is going t… Continue reading

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