Category: Theory And Training
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Be Fire and Wish for the Wind
“Wind extinguishes a candle and energizes fire. “Likewise with randomness, uncertainty, chaos; you want to use them, not hide from them. You want to be the fire and wish for the wind. This summarizes this author’s non-meek attitude to randomness and uncertainty. “We don’t just want to survive uncertainty, to just about make it. We…
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Markets as a Banana: The MOST Important Fundamental Part 2
Today’s note is the second part of a write-up I sent you earlier in the week titled “The MOST Important Fundamental: The Global Shortage of Safe Assets”. If you haven’t already, I suggest clicking the above link and giving the first section a read before diving into this one. In the following collection of ordered…
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“Unpleasant Truths” or “Comforting Lies” and The Path To Trading Mastery
In trading and investing, the taste for “unpleasant truths” is slim.This is human nature… it’s always been this way. And we at MO know something quite important. We know it with the certainty of gravity: The millions who take the “comforting lies” approach to trading will fail. A large portion of this group will quit…
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Teachings From Commodities Corp (CC)
Today I wanted to share a little nugget with you guys and gals that I pulled from our internal library that’s available to members of our Collective. It’s about Commodities Corp. The training grounds for many of the best traders alive today. Inside, you’ll find some back story on CC along with a host of…
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Macro Ops Podcast: Spin-off Investing with Richard Howe
This is an all-out spin-off podcast. Brandon chats with Richard Howe, founder of StockSpinoffInvesting.com. Brandon and Richard discuss everything spin-off related. Richard focuses on smaller-cap spin-offs, and goes deep into his research process.The hour-long episode covers current ideas, past ideas, the history behind spin-off investing and what Richard likes going forward.Check it out on your favorite…
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Are You An Inside or Outside Zebra?
A favorite value-investing book of mine goes by the title “A Zebra in Lion Country”. It was written by Ralph Wagner who formerly managed the Colombia Acorn Fund where he put together a solid track record of 16.5% CAGR over a 20-year period.The book gets its title from this metaphor on investing that Wagner shares…
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My Favorite Investing Resources
I’ve received many questions about where to start, books to read and podcasts to follow for value investing. While the following addresses their specific request, I think this list of resources helps all investors.Traders learn from value guys. Value guys learn from momentum traders. We all learn from each other.I’ve broken down my favorite resources…
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Plato’s Cave and How I Lost $127,562.06
Are you familiar with Plato’s allegory of the man in the cave? It’s about a man deep in a cave who’s been chained to a wall his entire life. He’s never seen the light of day and doesn’t know there’s an outside world. In this cave, out of the man’s purview, there’s a fire with…
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Question EVERYTHING: A Recent Thing I From One of the Better Traders I Know
There’s been a few things that have been rattling around in my brain-housing group that I wanted to get down on paper and share with everybody.What sparked this flywheel of thought is something my buddy and resident systems trader here at MO, ChrisD (@ChrisDMacro) tweeted a few weeks ago. Here it is.Chris joined our team…
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Ditch the Predictions and Play the Odds
We are in the business of making mistakes. The only difference between the winners and the losers is that the winners make small mistakes, while the losers make big mistakes. ~ Ned Davis When I became a winner, I said, “I figured it out, but if I’m wrong, I’m getting the hell out, because I…