November 13, 2024 - Quote of the Day
"In investment management, the progression is from the innovators to the imitators, to the swarming incompetents," said Oracle of Omaha, Warren Buffett.
Entries by The Mad Hedge Fund Trader
The Rebirth of the Master Limited Partnership
There was probably no more broken promise in the investment world over the last several years than that energy master limited partnerships (MLPs) would hold up even if the price of oil fell. These guys were toll takers, it was said, and profited from the volume of crude pumped through their pipelines. The price of
March 21, 2024 - Quote of the Day
"What is currently happening is that we have a lot of noise around what is uneconomic. When the economic stuff starts happening, like tax cuts, that will feed into real things, like cash flow and earnings," said Bill Miller, chairman of LMM Investments.
November 17, 2023 - Quote of the Day
"The factory of the future will have only two employees: a man and a dog. The man will be there to feed the dog. The dog will be there to keep the many from touching the equipment," said organizational consultant, Warren Bennis.
Quote of the Day - July 3, 2023
In the words of United States Army General, Creighton Abrams, "When eating an elephant, take one bite at a time."
Quote of the Day - June 20, 2023
"The rule of thumb is to do your homework, do your analysis, don't give up prudent risk management for the sake of certain fads. Look for real valuations, and stay true to your time frames," said Marc Chandler, the global head of currency strategy at Brown Brothers Harriman.
Quote of the Day - January 5, 2023
"Since 9-11, the government knows a lot more about you than you know about them, and the government likes that. But that's not what the American people want," said California Republican Congressman, Daryl Issa.
Why the Real Estate Boom Has a Decade to Run
Lately, I have been getting a lot of calls from concerned readers worried that we might be going into another 2008-2011 style real estate crash, when home prices cratered by 50%-70%, once the pandemic ends. It’s not going to happen and there are a dozen reasons why. Worst case, I expect a short, shallow pause
The Continuing Death of Retail
If you had to pick the biggest loser of our ongoing pandemic and the trade wars, it would be the retail industry (XRT). Higher costs which can’t be passed on, rising minimum wages, lower selling prices, and a massive inventory glut is not what money-making is all about. Now, take all of those problems and
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