The chart below is from Institutional Investor and it tracks where family offices which are essentially private wealth management groups are placing their capital. These charts always tend to follow a very generic flow – a lot in liquid assets such as equities, nowhere near as much as you would think in real estate and…
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Within trading there are a few implicitly stated rules – perhaps first and foremost of these is the acceptance of risk for the opportunity to profit. The balancing act between risk and reward has over the decades been fertile ground for academics to traders. Academics seek a mythical middle ground that defines an appropriate balance…
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Britt Harris: I have to surround myself with people who are strong in areas where I am not, whom I trust. The Texas model is in part about diversity of thinking, and diversity of thinking comes from knowing what your personal genius is, and what your perspective is. That helps you work on your strengths. It’s…
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The chart below is from a recent analysis from the World Economic Forum The report points out in detail the simple fact that people are living longer than their retirements savings, the returns they have from their existing investments are inadequate and the government will struggle to make up any shortfall. The takeaway message is…
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The chart below shows a series of predictions by experts on the future of the US 10-year T-Note. As you can see they missed by miles which should not be any surprise at all what is surprising is that anyone still listens to them. Source – WSJ
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Now that May is in the rear vision mirror you will no doubt be bombarded by invocations to sell In May and go away. The rationale being that the markets best months are behind it and you are best off leaving and coming back in October. I have always found finances little myths quite quaint…
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As you know I tend to collect junk mail that I am randomly sent – I am always interested in what people have to say about various bits and pieces. I am particularly interested in the material sent out by professional money managers. It must be difficult to justify taking money off people when you…
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I used to think that those that ran hedge funds got rich because of their incredible returns. Then I heard about the 2 and 20 fee structure that most hedge funds charged. The typical hedge fund fee structure (historically) is 2% of assets under management and 20% of all positive returns. Therefore, if you gave…
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Phillip Teo of TraderWave (our breakfast friend Singapore) talks to Ray Barros. I have always enjoyed listening to Ray. In the dim dark recesses of my mind I have a recollection of us sharing a stage decades and decades ago. He sees parts of the world a little differently to me but there is always…
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