Jurgen Klinsmann, the coach of the US soccer team is caught in a maelstrom after deciding to leave Landon Donovan, the leading goal scorer in US Men’s National Team history off the team. But I don’t think he’s getting enough credit for the brilliance behind the move. And to me, it looks like a smart case of second level thinking.
We humans are a fickle bunch. If there’s one thing you can pretty much guarantee, it’s that things are never really good enough. We seem to focus excessively on the negatives in our lives at all times. You’ve probably heard a lot about this in recent years about how the economy is terrible, how we’re… Read More
I was intrigued by comments in this interview with Marc Faber of the Gloom, Boom and Doom Report. He said: “I am hoping for the market to drop 40% so stocks will again become, from a value perspective, attractive again…I think stocks are, by and large, fully priced.” I run into this sort of thinking… Read More
Good paper here via quantivity on Twitter discussing the effect of fund managers borrowing on margin to purchase assets. This is something I’ve discussed previously in my many posts on margin debt and why it matters (see here for a good explanation or just read on). Many analysts correctly note that margin debt is a coincident… Read More