Category: Research – Alex

“Consistently profitable commodity trading is not about discovering some magic way to find profitable trades… Consistently successful trading is founded on solid risk management.” ~ Peter L. Brandt, via his excellent book “Diary of a Professional Commodity Trader” (read our book notes here).  In this week’s Dirty Dozen [CHART PACK] we share more long-term confirming…

“I don’t like the word ‘instinct,’ because it just sounds like a gut thing. I think what we call instinct is really a type of pattern recognition, which comes from experience looking at the companies and industries that work.” ~ Daniel Loeb In this week’s Dirty Dozen [CHART PACK] we talk about how the LEI…

“You can make a good living selling hype, but you can get rich by buying truth.” ~ Larry Hite’s book “The Rule” In this week’s Dirty Dozen [CHART PACK] we look at potential sell signals firing but contrast that with neutral-to-slightly-supportive internals. We then discuss the ongoing rotation we’re seeing across sectors, another long setup…

“A constant in the history of money is that every remedy is reliably a source of new abuse.” ~ John & James Galbraith via the book “Money”  In this week’s Dirty Dozen [CHART PACK] we look at shifting momentum in cyclical sectors (miners, energy, financials), we then update the risk/reward in stocks, cover a potential…

“If only one lesson is to be chosen from a package of lessons involving Social-Proof Tendency, and used in self-improvement, my favorite would be: Learn how to ignore the examples from others when they are wrong because few skills are more worth having” ~ Charlie Munger In this week’s Dirty Dozen [CHART PACK] we cover…

“We are great believers in the idea of having audacious goals, breaking out and doing something out of the ordinary… It’s helped us turn what most people consider a mere profession into a vocation and, beyond that, an art, where we frequently put ourselves in harm’s way.” ~ The Chandler Brothers (the greatest investors you’ve…

“In the long run, painful losses may prove much more valuable than wins — those who are armed with a healthy attitude and are able to draw wisdom from every experience, ‘good’ or ‘bad’, are the ones who make it down the road. They are also the ones who are happier along the way. Of…

“Mountains should be climbed with as little effort as possible and without desire. The reality of your own nature should determine the speed. If you become restless, speed up. If you become winded, slow down. You climb the mountain in an equilibrium between restlessness and exhaustion. Then, when you’re no longer thinking ahead, each footstep…

“You must know the big ideas in the big disciplines and use them routinely – all of them, not just a few. Most people are trained in one model-economics, for example – and try to solve all problems in one way. You know the old saying: “To the man with a hammer, the world looks…

Modern economists do not get their rewards and awards for being preoccupied with energy, and modern societies become concerned about it only when the supply of any main commercial form of energy appears to be threatened and its prices soar. ~ Vaclav Smil, How The World Really Works In this week’s Dirty Dozen [CHART PACK]…