Today we sold EEM; Emerging Markets (7.77 shares @ 41.39), IYE; Energy (12.11 shares @ 35.43), EWZ; Brazil (2.33 shares at 75.52), and DBB; Commodities (36.39 shares @ 20.20).  In all case we took take gains to bring each asset back to it’s neutral postion.  Each showed some recent weakness/slowing.   Japan remains the only asset class at […]

I just finished John Talbot’s “The 86 Biggest Lies on Wall Street.”  It’s concise and very good.  It’s a quick read and a good book to read piecemeal since each “lie” is it’s own chapter and usually only a page or two.  Mr. Talbot is a former investment banker at Goldman Sachs and a visiting scholar […]

As the physicist Neils Bohr said, “Prediction is difficult, especially about the future.”  Here’s an article from Forbes that was printed in May of this year — not too long ago, I would argue.  So how easy is it to predict the price movements of an asset?  Well, here are a few quotes if you don’t […]

We restored VPL (Pacific) to it’s 5% weighting.  Bought 45.42 shares @ $52.73.  (10:22 am, October 8)

Below is a link to another good piece by Nouriel Roubini (on oft quoted favorite) and Ian Bremmer (author of “The Fat Tail: The Power of Political Knowledge for Strategic Investing” (Oxford University Press, 2009).  In short, they lay out what they believe the Fed must do to navigate this ongoing crisis and prevent or […]

Today (Wednesday, 10/7) we bought 285.22 shares of DBB @ 18.16 to bring the commodities position back to neutral (10%).  We also resotre FXI (China) back to its neutral position (5%) by buying 60.24 shares @ 42.02.

Inflation may rear its head in the US.  It may not.  But most investors have been looking at ways to brace their portfolios against the risk of devalued assets.  Here’s an article about the potential shortfalls of some strategies.  http://online.wsj.com/article/SB10001424052970203917304574414712726387126.html?mod=WSJ_hpp_sections_personalfinance. Shortfalls or not, inaction leaves one completely exposed and that is unacceptable.  We continue to use multiple […]