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Buy Options, Feed Story to Wall Street Journal, Make Fortune, Rinse and Repeat
The hedge fund model can be a great model. Many titans in New York have made fortunes trading on other people’s money and some have even done so legally. Yet, the reality that is exposed in the Showtime show Billions is that a... Read →
Image Politico
A Huge Dilemma for the American President
After a whirlwind trip to Ottawa during which Trump alienated our major G-7 allies, followed by a meeting with Kin Jong-un in Singapore in which Trump managed to alienate South Korea, our President flies home to Washington where he faces... Read →
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You can Barely Read a Teleprompter and Now You’ve Written A Book?
I tuned into CNN this morning to get the latest news of the Singapore summit. I try not to watch CNN anymore because it has basically become nonstop nonsense fronting as “Breaking News”. This morning I did get a speck of news,... Read →
Image ABC News Australia
It Ain't Going to Happen
They will meet, smile at one another, and Kim Jung-un will quietly tell Trump he wants to quickly “denuclearize,” and that doing so is his highest priority. He promises, as a first step, to open for inspection his newest and... Read →
Image Fairmont Copley Plaza Boston
Years of Earning Points and Miles for My Credit Card Spend With Only a Few Regrets
I have been earning points and miles for my spend – all of my spend – for many, many years. I know that I have played the system well, earning valuable hotel stays and airline tickets (and transferrable points) that have... Read →
Image Courtesy: Mirror
Russia Is Awful and FIFA is Corrupt to the Core, But the World Cup Needs to be Celebrated
Russia is corrupt to the core, at least in the Putin-controlled iteration. Their interference with processes has been going on for a very long time. In fact, it dates back way before they upped their game by taking control of the... Read →
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Roseanne Barr and Samantha Bee: Predictably Awful versus Childishly Crude
We live now in an ugly place – a place where people say and do ugly things. And, it is symptomatic of the political and social realities of the time. Roseanne Barr’s recent racist utterance was ugly, and, yes, reactions and... Read →
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A Feel Good Story From France that Could Not Happen Here in the US – At Least Not Now
This morning, CNN is reporting on an amazing “feel good” story from France. Mamadou Gassama, a 22-year old Malian migrant, scaled the outside of a Paris apartment building to rescue a 4-year old dangling from the balcony of... Read →
Image Courtesy: New York Times
A Star Has Fallen
There was a time, not long ago, when Elon Musk was seen as one of the great, if not the greatest, innovators and minds of the early 21st Century. He not only introduced and built Tesla, but he set his sites on space travel and new and... Read →
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Bill Ackman Puts $1 Billion into Lowe’s. I am Out!
Lowe’s has always been an interesting company to me. I’ve been in the stock many times over the last 25 years. Prior to the financial crisis in 2008, it actually traded at a premium to Home Depot and was growing faster... Read →
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I Went to A Fortified High School
I grew up in Paris in the 1980s. Not Paris, Texas but Paris, France. At the time, Americans were under attack in the City of Light and American institutions were heavily fortified. That included the American School of Paris, my... Read →
Cold Storage
Watching the royal wedding unfold before the cameras and the large crowds in England was lovely, inspiring and sad. It was lovely to see such wonderfully British pageantry; it was inspiring to enjoy a happy and loving young couple; and it... Read →
Does An Inverted Yield Curve Signal Recession – This Time Could Be Different
When I was in business school, I was taught that an inverted yield curve is an extraordinary precursor of a recession. Indeed, the empirical evidence is there. Of the five recessions since 1980, all have been preceded, by 6 to 18 months, by... Read →
We Have Become Immune to School Shootings Already. How is this Possible?
Today’s news of yet another school shooting – this time just outside Houston – and the loss, yet again, of the lives of countless youngsters has my friends and colleagues outside the US calling and writing messages on... Read →