Dear Mr. Thomas,
Thanks for the 10-bagger on Palantir. I bought it at $7.50 and it’s now at $63.50, so I'd call that close enough to qualify. You pointed me to this company long ago, and I was patient.
Best regards,
David
Dear Mr. Thomas,
Thanks for the 10-bagger on Palantir. I bought it at $7.50 and it’s now at $63.50, so I'd call that close enough to qualify. You pointed me to this company long ago, and I was patient.
Best regards,
David
It was with great sadness that I learned of the passing of travel guru Arthur Frommer at the age of 95. Arthur had a great influence on my life.
Since many of you are now planning summer vacations, I thought I would pass on what I learned from the ultimate travel guru of all time.
When I backpacked around Europe in 1968, I relied heavily on Arthur Frommer’s legendary paperback guide, Europe, on $5 a Day, which then boasted a cult-like following among impoverished but adventurous Americans. The charter airline business had just taken off, plunging airfares, and suddenly, Europe came within reach of ordinary Americans like me.
Over the following years, he directed me down cobblestoned alleyways, dubious foreign neighborhoods, and sometimes converted WWII air raid shelters to find those incredible travel deals. When he passed through town some 60 years later, I jumped at the chance to chat with the ever-cheerful worshipped travel expert.
Frommer believes there are three sea change trends going on in the travel industry today. Business is moving away from the big three travel websites, Travelocity, Orbitz, and Priceline, who have more preferential lucrative but self-enriching side deals with airlines than can be counted, towards pure aggregator sites that almost always offer cheaper fares, like Kayak.com, Sidestep.com, and Fairchase.com.
There is a move away from traditional 48-person escorted bus tours towards small group adventures, like those offered by Gap Adventures, Intrepid Tours, and Adventure Center, that take parties of 12 or less on culturally eye-opening public transportation.
There has also been a huge surge in programs offered by universities that turn travelers into students for a week to study the liberal arts at Oxford, Cambridge, and UC Berkeley. His favorite was the Great Books programs offered by St. John’s University in Santa Fe, New Mexico.
Frommer says that the Internet has given a huge boost to international travel but warns against user-generated content, 70% of which is bogus, posted by the hotels and restaurants touting themselves.
The 94-year-old Frommer turned an army posting in Berlin in 1952 into a travel empire that publishes 340 books a year, or one out of every four travel books on the market. I met him on a swing through the San Francisco Bay Area (his ticket from New York was only $150), and he graciously signed my tattered, dog-eared original 1968 copy of his opus, which I still have.
Which country has changed the most in his 60 years of travel writing? France, where the citizenry has become noticeably more civil since losing WWII. Bali is the only place where you can still actually travel for $5/day, although you can see Honduras for $10/day. Always looking for a deal, Arthur’s next trip is to Chile, the only country in the world he has never visited.
With the advent of AI, Arthur has been met with an onslaught of new competition. Recently, Amazon (AMZN) has been flooded with hundreds of new travel books written entirely by algorithms. They have no human author who’s ever visited the country in question and are written entirely from existing information found on the Internet. But they’re cheap.
You can easily spot them from their wishy-washy, non-committal language and factual errors and omissions. For example, I recently found a travel book about Ukraine that neglected to mention that there was a war going on there and that its cities were being bombed by Russians daily.
Not for me.
Arthur’s Next Big Play is Bali
1968 on the French Riviera
“The individual investor in America sits at the bottom of the food chain,” said John C. Bogle, the late founder of the Vanguard Group of index funds.
Global Market Comments
December 5, 2024
Fiat Lux
Featured Trade:
(LAUNCHING “TRADING OPTIONS FOR BEGINNERS”)
Not a day goes by without an email coming in asking if beginners can make use of my money making service.
I always reply; “Absolutely.”
When I first started the Diary of a Mad Hedge Fund Trader a 17 years ago, layoffs were rampant, General Motors was going bankrupt, and the financial crisis was imminent.
Many newly unemployed were facing joblessness for years, if not forever. So they started trolling the Internet for new jobs.
Then they stumbled across my website.
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It worked.
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It will certainly be the most entertaining, if not the most scenic options course you have ever taken.
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Trading Options for Beginners
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8) The Mad Hedge Trading Rules
9) Meet the Greeks
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11) Introduction to Risk Management
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Global Market Comments
December 4, 2024
Fiat Lux
Featured Trade:
(AMERICA’S DEMOGRAPHIC TIME BOMB)
You can never underestimate the importance of demographics in shaping long-term investment trends, so I thought I’d pass on these two highly instructive maps.
The first shows a map of the world drawn in terms of the population of children, while the second illustrates the globe in terms of its 100-year-olds.
Notice that China and India dominate the children’s map. Kids turn into consumers in 20 years, stay healthy for a long time, and power economic growth.
The US, Japan, and Europe shrink to a fraction of their actual size on the children’s map, so economic growth is in a long-term secular downtrend there.
There is more bad news for the developed world on the centenarian’s map, which shows these countries ballooning in size to grotesque, unnatural proportions.
This means higher social security and medical costs, plunging productivity, and falling GDP growth.
The bottom line is that you want to own equities and local currencies of emerging market countries and avoid developed countries like the plague.
This is why we saw tenfold returns from SOME emerging markets (EEM) over the past ten and why there is an irresistible force pushing their currencies upward (CYB) over the long term.
Use any major meltdowns this year to increase your exposure to emerging markets, as I will.
"The next leg of the bull market is going to have to be a fundamental leg, not a liquidity leg, and investors are in a little bit of a malaise trying to figure that out," said Anthony Scaramucci of Skybridge Capital.
Global Market Comments
December 3, 2024
Fiat Lux
Featured Trade:
(THE MAD HEDGE DECEMBER TRADERS & INVESTORS SUMMIT IS ON!)
(IT’S GROUNDHOG DAY)
(LAUNCHING "TRADING OPTIONS FOR BEGINNERS”
(SPY), (TLT), (TBT), (VIX), (VXX), (GLD), (SLV)
The election is over and a brave new world lies before us.
But the Fed may soon stop raising interest rates, inflation is rising, and tech stocks are flat-lining! Can a stock market crash be far behind?
What should you do about it?
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There is a very high degree of risk involved in trading. Past results are not indicative of future returns. MadHedgeFundTrader.com and all individuals affiliated with this site assume no responsibilities for your trading and investment results. The indicators, strategies, columns, articles and all other features are for educational purposes only and should not be construed as investment advice. Information for futures trading observations are obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the trading observations is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein. Affiliates of MadHedgeFundTrader.com may have a position or effect transactions in the securities described herein (or options thereon) and/or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies.
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