Author: evencio.alvarez14@gmail.com
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Allan Mecham and Arlington Value: Invaluable Lessons on Value Investing
There aren’t many investors compounding capital at double digits over the course of decades and those that do are already well known (i.e., that guy from Omaha). However, in a small office above a taco shop, there’s a man running a hedge fund called Arlington Value who has demonstrated the advantage in simplicity, long-term thinking,…
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A Monday Dozen
The thing to do is watch the market, read the tape to determine the limits of the get- nowhere prices, and make up your mind that you will not take an interest until the price breaks through the limit in either direction. ~ Jesse Livermore Every weekend I scroll through probably a 100+ charts. I…
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Macro Ops 2019 Mid-Year Performance Review
To others, being wrong is a source of shame; to me, recognizing my mistakes is a source of pride. Once we realize that imperfect understanding is the human condition, there is no shame in being wrong, only in failing to correct our mistakes. ~ George Soros I learned that everyone makes mistakes and has weaknesses…
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Asset Shortages, Druckenmiller Speaks, and THE Oldest Book on Markets
Alex here with your latest Friday Macro Musings…As always, if you come across something cool during the week, shoot an email to alex@macro-ops.com and we’ll share it with the group.Now for your latest Macro Musings…Latest Articles/Podcasts/Videos — Genghis John And The Ultimate Mental Model For Markets — Alex introduces Boyd’s strategic framework, the OODA loop…
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Genghis John and the Ultimate Mental Model for Markets
Revelation A loser is someone — individual or group — who cannot build snowmobiles when facing uncertainty and unpredictable change; Whereas, A winner is someone — individual or group — who can build snowmobiles and employ them in an appropriate fashion, when facing uncertainty and unpredictable change. Snowmobiles? I’ll explain in a minute. First… Let’s…
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Playing The Player Update: Another Major Buy Signal
The best trades are the ones in which you have all three things going for you: fundamentals, technicals, and market tone. First, the fundamentals should suggest that there is an imbalance of supply and demand, which could result in a major move. Second, the chart must show that the market is moving in the direction…
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The Market is Teeing Up…
The following is an excerpt taken from our latest weekly note that was sent to Macro Ops Collective members.We’re going to cover a lot in this week’s report. We’ve got trade wars, trade wars, and some more trade wars… Regulatory action against tech giants… A look at sentiment and technicals which are setting up for a…
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EM Hoodwinking Investors and a BIG Bond Short
Alex here with your latest Friday Macro Musings…As always, if you come across something cool during the week, shoot an email to alex@macro-ops.com and we’ll share it with the group.Articles I’m reading — Jason Zweig writing for the WSJ published an article (link here) highlighting what I think is an important and often misunderstood fact,…
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Madness is the Norm and a DEEP Value Energy Play
Alex here with your latest Friday Macro Musings… As always, if you come across something cool during the week, shoot an email to alex@macro-ops.com and we’ll share it with the group. Recent Articles/Podcasts — Boom-Bust Barometer Biffs Badly — Alex shows how the divergence between Ed Yardeni’s Boom-Bust indicator and the S&P 500 means lower…
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Boom-Bust Barometer Biffs Badly
Yardeni’s Boom-Bust Barometer (BBB) pitched to 18-month lows last week (dotted red line below).The BBB is comprised of the CRB industrial raw materials spot index divided by the four-week average of initial unemployment claims. It’s a fairly reliable stock market indicator which makes sense seeing as how rising raw material prices and a strengthening labor…