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I find the notion of being a persistent short seller to be an interesting one. It is interesting because of the following reasons. Equity markets in particular have an upward bias. Short selling offers very limited profitability but theoretically unlimited risk. In this respect, it is similar to writing options. In times when short selling…
Commencement season is just around the corner. Whether in person or over a live-stream, graduates and their families will follow the long-honored tradition of listening to speeches studded with unoriginal chestnuts like following your dreams, shooting for the stars, and believing that you can do whatever you set out to do. But that message doesn’t seem…
Norman Garmezy, a developmental psychologist and clinician at the University of Minnesota, met thousands of children in his four decades of research. But one boy in particular stuck with him. He was nine years old, with an alcoholic mother and an absent father. Each day, he would arrive at school with the exact same sandwich:…
It’s easy to overestimate the importance of luck on success and underestimate the importance of investing in success every single day. Too often, we convince ourselves that success was just luck. We tell ourselves, the school teacher that left millions was just lucky. No. She wasn’t. She was playing a different game than you were. She was…
With the NASDAQ 100 having a little bit of a conniption last night I thought it might be interesting to see how its components stocks were doing. The table below looks at the percentage distance away from their 52 week high. I was going to highlight those that were below their 52 week high but…
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