There was a time when I devoured investing podcasts. One of my early favorites came from Meb Faber’s interview with Adam Butler, Rodrigo Gordillo, and Michael Philbrick of ReSolve Asset Management. At the time, I was looking for investment managers who held similar investing views to my own. Stock picking still seemed most common. Focusing…
Portfolio on 6.26.20
Up nearly two tenths of a percent. Correlation seems to be falling, so the cash isn’t deemed necessary for protection any longer. Getting close to equal weight between the 3 assets. On June 26th, 2020, the strategy rebalanced to: 36% SPY , 36% TLT , 28% GLD
Error Drag: A Lesson in Strategy from Tiger Woods
If Tiger Woods was a investment manager, he would dominate investing just as he dominates golf. Golf is often called a game of misses. Even a professional doesn’t hit most shots to their target. Therefore they try to manage each shot so that the bad ones don’t ruin the round. 2019 Masters Re-watching Tiger Woods’…
Portfolio on 6.19.20
Up just over half of a percent. Fairly calm week (relatively) with steady gains. The increased calmness leads a reduction in cash. Interesting it went mostly to gold. On June 19th, 2020, the strategy rebalanced to: 30% SPY , 38% TLT , 27% GLD, 5% Cash
If You’re Going To Miss, Aim Left
Engineering college classes teach students early on that all measurements are wrong. Essentially all measurements have some level of error. They are technically just estimates of the true value. Therefore you have to be careful using and extrapolating measurements during calculations. You may think you have precise numbers, but you probably don’t. Here is an example:…
Portfolio on 6.12.20
Down three tenths of a percent. The week started off wonderfully, with new all time daily highs set on Tuesday and Wednesday. Then Thursday happened, falling nearly 2%, and brining back memories of March. I’m glad there was a bit of cash in the portfolio to cut the losses this week. Obviously the strategy becomes…
The Strategy One Year Later: Portfolio on 6.5.20
One year ago today I started posting the portfolio positions so others could see in real time how Geometric Balancing works. It’s been quite a year, and in many ways you’ve gotten to see the response in a variety of markets. We had three strong stock bull runs: early last summer and then from the…
An Ode to Cooperation
I’m going to show you why giving money to other people may actually make you wealthier in the long run. Not richer in the spiritual or psychological sense, but truly wealthier in a monetary sense. In doing so the whole of society will be better off too. This concept might seem strange but many of…
Portfolio on 5.29.20
Up 0.9% for the week. The strategy is back within a quarter of a percent from the daily high set on the 21st of February. It set a new monthly high today, up nearly 5% for the year. Why Is This Working? Since the strategy is now above it’s prior level on the day the…
Repetition Economics: The Story of the Hunter, the Mammoth, and The Wolves
Imagine you’re an early human. When out hunting for food you spot a woolly mammoth in a vulnerable position. Your family hasn’t eaten in days. Much of the tribe is desperate for food as well. Do you attack? The Mammoth. What would go through an early human’s mind to make this decision? Obviously, bringing down…