On Bitcoin, Gold and Monetary Policy

This negative article on bitcoin indirectly brought together a few disparate thoughts for me. The article's position/bias is clear - the digital currency, which has grown...

Gold shortage?

Given the new gold backwardation , bulls have returned back in force ( 1 , 2 , 3 ) to explain how this will push gold higher. But does backwardation correlate with flat price...

Digging into ING US (VOYA)

After taking a position in ING US (NYSE: VOYA) at about the $25/share level, I have been fortunate to participate in the rise to above $30. The original target was around the...

The next catalyst for GDX

I've been pretty negative on gold miners (GDX), both because of the perceived weak hands involved on the long side and the terrible capital allocation policies/rising breakeven...

Are Emerging Markets Diversified?

GMO 's most recent yearly forecasts seem like what most people think - negative on most bonds and most US equities, but most positive on emerging market equities (but...

How to pick a fund manager

Perhaps it is actually harder to pick a manager than to pick investments. The general statistics against active management are well-known . In 2012, for example, 63% of large...

Lampert's Folly?

Edward Lampert's credentials are impeccable - Yale Skull & Bones, Goldman Sachs risk arbitrage under Robert Rubin (Secretary of the Treasury under Clinton), and of course...

Conflict of Interest - Unfair but Necessary?

Misaligned incentives seem to be a common trait in selling financial products. After issuer-paid credit ratings and stock exchanges which cater to high frequency traders, even...

Single Family Rentals - Institutional Herding Continues?

I originally got interested in single-family rentals with the spinoffs of Silver Bay Realty (SBY) and Altisource Residential (RESI) in the last half year or so. These companies...

Shibor - Canary in the Coal Mine?

I'm surprised that the recent Shibor spike hasn't (Shibor is the Chinese version of LIBOR ) sparked more concern . After staying at less than 4% for the last year, the 3-month...

Pages

WallStreet Prep Master Financial Modeling