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Morgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness
Rob Arnott is doing the "double short" trade in his PA where you short both the 2x long and 2x inverse ETFs (eg $MSTU and $MSTZ) and profit off of the vol drag decay from daily resetting. One catch tho, there's huge tail risk if mkt moves one direction for a while and they start compounding, you get blown up = prob don't try this at home. I covered... See more
The Competitive Advantages of Permanent Capital
- Pershing Square https://t.co/ipwlyuPBFt
take 20% profits when you have them (except with the most powerful of all stocks) and cut your losses at a maximum of 8% below your purchase price.
William J. O'Neil • How to Make Money in Stocks: A Winning System in Good Times and Bad, Fourth Edition
the problem was: there isn’t an easy way for a relatively savvy investor to get the type of market-beating risk-adjusted returns that hedge funds and their clients have access to.
Benjamin Rollert • Not Boring Memo: Composer
Good pod w/Joseph Shaposhnik who runs the TCW New America Premier Equities Fund
He is super high quality focused - nice single stock discussions on $AVGO, $CSU, $FICO & $ROP - I also enjoyed hearing his views on capital allocation
Top positions below https://t.co/2J5dvBHDsR
Retirement Portfolios: Theory, Construction, and Management (Wiley Finance)
amazon.com