We had this old saying back in my investment banking days: “Don’t fight the tape.†It was a phrase that we used in finance that basically cautioned you not to bet or trade against the trend in the markets. It was a REALLY old saying because the term “tape” referred to the ticker tape machine that the old timers used to have on their desks to get stock prices delivered to them before AOL, E-Trade, and iPhones.…
My own terrible experience with simultaneous deflation AND inflation
I read a great post today about the impact high debt levels are having around the world. It’s from the Sovereign Man blog at sovereignman.com. I highly recommend that you subscribe. His perspective is unique and definitely thought provoking. I’m reposting it here with full attribution to the author, Simon Black…. September 10, 2015 Santiago, Chile Yesterday was a pretty big day. First (and perhaps most importantly) my post-Italy no carb detox came to an…
Cigar Review: Rocky Patel Nicaraguan Torpedo
Wow. It’s rare when I find a truly great cigar for under $10 a stick. And it’s like finding a unicorn when I find one under six bucks. But I found one. The Rocky Patel Nicaraguan Torpedo. My dealer, Famous Smoke Shop, sells them. They go for – get this $5.20 a stick individually, and you can get a pack of 5 for $21.95 as of this writing. And they’re awesome. The first thing…
Cigar Review: Arturo Fuente Chateau Fuente Sun Grown Queen B
I don’t normally start my cigar reviews talking about my wife, but she’s relevant to the story so stay with me. Truth be told, my cigar habits are pretty boring. Having enjoyed them now for going on 25 years, I know what I like and I tend to stick to it for my “daily driver†cigar, my “yard work†cigar, and when I occasionally go upscale. Old habits die hard I guess. That’s where my…
Why is Real Estate Better than the Stocks?
I get this question asked to me a lot. “Why would I invest in Real Estate, why wouldn’t I just leave my money in the Stock Market.†I see a lot of these financial papers or financial write ups that show financial comparison of a stock performance or of a stock index performance as it relates to Real Estate or Real Estate indexes as well. One of the things they show is just an increase line.…
Cigar Review: The Romeo Y Julieta Reserve Toro
If you’ve been reading my stuff here you may not know that for some time I’ve been doing cigar reviews. Why have I not posted any of them here? Yeah great question. But today that changes. While I do have my favorites, I also like to experiment on occasion and try a cigar I haven’t smoked before. I plan to bring you reviews of both going forward. To start I’m going to review a…