Year End Letter: Top Gun Returns 38% in 2025
January 3, 2026 It takes a man a long time to learn all the lessons of all his mistakes – Jesse Livermore The test of a first rate intelligence is the ability to hold two opposing ideas in mind at…
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The Dumb Money Is Going All In While The Smart Money Gets Out, Who Is John Galt?
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When The Chart Goes Parabolic It’s Time To Sell
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Economic Growth, QE Infinity and The Great Disconnect
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The New York Times Profiles BB&T’s Philosopher-Businessman CEO
Over much of the last four decades, John A. Allison IV built BB&T from a local bank in North Carolina into a regional powerhouse that has weathered the economic crisis far better than many of its troubled rivals — largely by avoiding…
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Second Guessing The Maestro: Greenspan’s Reputation Under Fire
Indeed, recent research within the Federal Reserve suggests that many homeowners might have saved tens of thousands of dollars had they held adjustable-rate mortgages rather than fixed-rate mortgages during the past decade, though this would not have been the case,…
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Caroline Baum: John Galt Plan Might Save US Financial System
Mr. Thompson, President of the United States: The country is in a terrible state. People are starving and giving up, the economy is falling to pieces, nobody is producing any longer. We don’t know what to do about it. You…
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Barron’s Economics Columnist Pens Two Excellent Columns On The Gold Standard
The last two weeks, Barron’s economics columnist Gene Epstein has written an excellent two part case for gold: “Greenspan Was Right: The Case for Gold, Part I” (subscription required) “Restoring Balance: The Case for Gold, Part II” (subscription required) The key…
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The Atlasphere Publishes My Expanded Review Of “An American Hedge Fund”
The Atlasphere, a site for fans of Ayn Rand, the author of Atlas Shrugged, has published my expanded review of An American Hedge Fund, by Tim Sykes: “The Odyssey of Star Stock Trader Tim Sykes”.
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Uncle Ben: Shiznit
Shiznit, adj: (1) the best (2) the greatest in a certain category or universally (3) gaddam’ phenomenal, bi-atch! In the spirit of “Malibu’s Most Wanted”, which I had the pleasure of watching last night, and on the occasion of Fed…