Portfolio Update
Close TLT +30%. Close LM +58%. Going Long US Dollar.
March 2020
Global Stock Market Carnage
On January 31st we gave the following warning about the Risks being real. “We are witnessing an extremely stubborn decade-long bull market and the very powerful force of the herd on the move. The perspectives and assessments of the horizon (“cognitive eyeballing”) are distorted. Investors no longer seem to be able to properly assess the
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Howard Marks
“When I see memos from Howard Marks in my mail, they’re the first thing I open and read,” Warren Buffett Howard marks latest memo…read here
Riders on the Storm
There’s a killer on the road, His brain is squirmin’ like a toad, Take a long holiday, Let your children play, If you give this man a ride, sweet family will die, Killer on the road. Riders on the Storm – The Doors
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