My spending moratorium while on vacation

Kim and I are back from a week-long beach vacation with her brother and his family. We traveled to a luxury timeshare resort where it was super easy to practice social distancing because almost nobody was there. (The place was running at maybe 10% capacity because of COVID, and the level of cleanliness was mind-boggling.…

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Ray Dalio warns we could be “on the brink of a civil war”

bridgewater esg dalio ddtg world order Ray Dalio world powers

While Biden’s inaugural address and call for unity strives for a non-violent path forward that will benefit all Americans, the US is still suffering from the coronavirus pandemic and economic fallout, income inequality, political divides and massive government debt and Ray believes that if these factors are not properly addressed the country could be on […]

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Surprise! Nasdaq Leads Weekly Gains

Nasdaq surged

In a surprise twist, the Nasdaq surged by a healthy 4.2%, managing to close the week at an all-time high. What’s happening to tech stocks? Q4 2020 hedge fund letters, conferences and more Surging, gaining…come again? Tech Stocks Still Going Strong Wasn’t tech supposed to wither away and die thanks to be big bad Democrat […]

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Soaring Stocks Of Unprofitable Tech Companies

unprofitable tech companies

Whitney Tilson’s email to investors discussing IBM: the ultimate value trap, soaring stocks of unprofitable tech companies, and the wisdom of crowds. Q4 2020 hedge fund letters, conferences and more 1) Tech giant IBM (IBM) reported dismal fourth-quarter earnings on Thursday after the close, and the stock fell 9.9% on Friday – continuing its steady […]

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Sierra parametric cat bond hits $200m, prices 14% down on guidance

The second parametric earthquake catastrophe bond Sierra Ltd. (Series 2021-1), sponsored by specialist mortgage security focused investment manager Bayview Asset Management, LLC, has now been successfully upsized to $200 million, while pricing for each of the two tranches of notes has settled at the bottom end of reduced guidance. The upsizing and low pricing of…

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