I’ve expressed enough confusion about the VIX to draw some attention from good-hearted folks who, unlike me, know a lot about the subject. One fellow in particular, whom has chosen to remain anonymous to readers, was good enough to compose the explanation beneath, complete with charts from his Bloomberg terminal; thank you! (more…)
It seems Jack isn’t with us this morning, regrettably, so I’ll put up a very lovely comment cleaner, shown below: now this woman is clearly a devotee. She’s wearing a Tim t-shirt while reading my book. If Slope were on the screens in the background, I probably would just make this image my new desktop background. Thank you, lovely stranger!
Today the Slope of Hope turns nine years old. Nine. Years.
As some of you may recall, I wrote my first post on March 29 2005 from the Ritz in Cancun, Mexico. I had sold Prophet just two months earlier, and I had taken my wife and children on vacation. I remember Joe Montana took the elevator with us and counseled us to enjoy our kids since “they grow up fast.” As much of a cliche as that is, it certainly is true. (more…)
It was heartening yesterday to see two Slopers – - Mark St. Cyr and our beloved BDI – - dominate the front page of ZeroHedge this weekend. W00t! We’ll set aside the advertisement that was featured next to them and what it implies.
In my last post (“A New Approach To Portfolio Construction“), I showed a couple examples of Portfolio Armor‘s new portfolio construction tool in action. You may recall our approach there in broad strokes:
- Find securities with the highest expected returns net of their hedging costs (high “net expected returns”) at your particular risk tolerance.
- Hedge them. (more…)
I was pleased to get this snapshot of breakfast from Europe, where an esteemed Sloper is starting to read my newest book on Kindle. Thank you!