The Quest For Cosmic Significance
And the Lord said unto Cain, Where is Abel thy brother? And he said I know not: Am I my brother’s keeper? – Genesis 4:9 As an observer of human nature, it’s clear that human beings are extremely driven creatures….
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Mixing It Up With Pat Lyons At Bay 101 On My Way To $29,000
Let me start this blog by saying that I am a big Pat Lyons fan. Over the years I have encountered a lot of people who say he’s not that good of a poker player or he inherited all his…
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On The Verge of Civil War or AI Utopia?
On Monday, Bridgewater Founder Ray Dalio wrote a well read article on Twitter and LinkedIn titled “Money, Civil and International War, Minneapolis, and Beyond – In Perspective”. In that article, Dalio argued that we are in the process of moving…
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Betting On A Countertrend Move In The Dollar and Related Intermarket Moves
The precious metals – especially silver – have gotten overly extended to the upside while the dollar seems due for a countertrend rally. SLV closed 144% above its 200 day moving average on Wednesday as massive amounts of funds flow…
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Mastering The Big Stack By Balancing Controlled Aggression With Self Preservation
Most poker players have no chance of winning a big tournament because they play too tight. Let’s say the starting stack in a particular tournament is 30,000 and the blinds start at 100/200/200. The weak tight player reasons as follows:…
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Business With A Higher Purpose: A Review of Bo Burlingham’s Small Giants
In his book Small Giants: Companies That Choose To Be Great Instead of Big (2005), Bo Burlingham has written a book about the possibilities of business. When we talk about business, we usually talk about the large corporations that dominate…
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The Massive Bluff That Potentially Cost Me My 2nd WSOP Ring – And Why I Regret It
I haven’t played much poker in the last 4 1/2 months as life has interfered: health problems, legal issues, business, etc… But I decided to head up to Thunder Valley from the Bay Area early Monday morning to play Event…
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Three Stocks For The Era Of Casino Capitalism
As an introduction to this blog I’d like to introduce three important concepts for understanding contemporary capitalism: casino capitalism, the K-shaped economy and financialization. Since I started in the business in 2006, the market has come more and more to…
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The Case For The Single Family Rental REITs
Last week, in an attempt to improve home affordability, President Trump announced a possible ban on institutional ownership of single family homes. This resulted in a selloff in the two leading single family rental (SFR) REITs: American Homes 4 Rent…
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The Vision of the Anointed and The Betrayal of Value Investing
The massive success of Amazon (AMZN) has created a paradigm shift in value investing. It was very hard to understand how AMZN could be a value stock based on traditional valuation measures for a very long time. Nick Sleep and…
