Kass: "Downside Risk Dwarfs Upside Reward"

"I worship not at the altar of price momentum but rather at the altar of security analysis and margin of safety. This analysis suggests that the downside risks dwarf upside rewards. After much thought I have liquidated all of my long positions and I have a large net short exposure now."

  • Jul 24, 2018 8:37 AM

Jim Quinn: A Nation Built On Lies

"The societal hollowness created by those pushing the delusion of a materialistic American Dream based on an ever-growing pyramid of debt has left a society morally deadened, psychologically damaged, living lives based on deception, and willfully ignorant of the truth."

  • Jul 9, 2018 4:25 PM

Everyone's Got A Plan...

“Wall Street is a street with a river at one end and a graveyard at the other.” – Fred Schwed, Jr.

  • Jun 28, 2018 10:25 AM

Risk Happens Fast

"The possibilities of policy errors (fiscal and monetary) are multiplying...Hastily crafted policy that conflates politics is dangerous in a flat and networked world"

  • Jun 20, 2018 8:35 AM