Process Driven

Process-a series of actions or steps taken in order to achieve a particular end Too often when we see the greats of any field perform their skill we focus on the art. Michael Jordan using his athleticism to perform acrobatic skills on the way to a dunk, Messi doing something previously thought impossible with a soccer ball, reading about a …

To Win At The Money Game You Must Have No Shame

“Have privately decided that the simple “mindset hack” you need to be successful is to have no shame whatsoever.” -@retail_risk When you read the above line it you probably laughed and thought of a few examples. Whether the example is Warren Buffett talking company owners into selling him the business at a 20% discount to what they can get from …

We Get Paid For Taking Risks

One of the primary functions of public markets is to transfer risk. In theory we get paid for this. Someone wants liquidity and at a price, usually a decent one, some trader shows up and gives them liquidity.  Are you a founder and want to take some money off the table just in case aliens land and end the need …

Future Simplified Federal Reserve FOMC Statement

Federal Reserve issues FOMC statement For release at 2:00 p.m. EDT   The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals. We are not thinking about thinking about thinking about thinking about thinking about thinking about thinking about thinking …

Alternative Data In The Age Of The Rona

After the Utah Jazz vs OKC game was cancelled and the world changed a lot of different companies started to provide a lot of interesting datasets that were not previously available. Some are only going to be available until the pandemic ends, while others will likely be available for a lot longer. Since the pandemic is going to last at …

Presidential Polls And The Stock Market The Results Might Surprise You

Over the past few weeks I have been hearing more and more people say things like “the market is up because Trump is narrowing the gap to win” or that “the market is proving that it likes Biden” and other similar sentiments.  Lucky for us there is a lot of data we can look out to find what the market …

The Hype Cycle and Thematic Macro

We have all seen the pic below of the “Gartner Hype Cycle.”  I am not sure how Gartner uses it and am not sure I even care, but I love the pic. It very much shows the “low risk” point of when to get into new and initially over-hyped industries. Look at it and think through some of the “the …

The Stock Market Is Not The Economy

As the rona has progressed and we have seen a renewed spike in case counts and the ensuing rise in hospitalizations and deaths we have also seen the new round of perma-bears. They all seem to want to see the world burn and the SP500 at like 300. I feel pretty good that as long as we don’t have a …

Building A Process To Avoid Drowning In Information

As you may have guessed by the name of the firm we are big into process. If you work at it you can make almost anything more efficient. This tends to be a good thing for those of us who don’t like missing things that we should have seen. When it comes to the constant deluge of information having a …

Buybacks And Their Effects On Stock Prices

To say buybacks have been in the news the last few months would be a major understatement.   Buybacks have been controversial for a while now, and since the virus bailouts they have become downright toxic. Despite the fact that buybacks are basically, like dividends, just another way to return capital to shareholders, they seem to garner a lot of …