A nihilist set on a destructive path?

June 25th, 2021|

There was a time when i thought that to speculate you had to be a nihilist set on destruction - tu consens ou plutôt aspires à ta ruine?? That you had to yearn for your own demise..? Hold on..? Perhaps I succeeded?

Helicopter Money

March 8th, 2021|

We’ve never seen the phenomenon of simultaneously higher equity prices and a shift higher in the VIX curve without a state of hyperinflation; except at the start of Abenomics for 1-2 months in 2012 and maybe now...

Confessions V: Massacre of the Beloved

October 2nd, 2020|

Losing $40m over 2 months. My first rookie mistake - too much risk. Gold approaching $400. It would stay there next 3 years but the shares were going to surge. Everything screamed buy. Except they wobbled first. Survivors dig shallow’er graves - selling my beloved stocks.

Confessions IV: How many times can you say sorry?

July 27th, 2020|

Gold stocks surging. Fund performance recovers. Explaining the explosive convexity of gold miners. Another hedge fund manager from Glasgow - his family built ships. Nokia a tale of then and now. An unhappy time in Mustique and David Yarrow convinces me to set up my own business. Fund +4.1pc FTSE All Share -9.8pc.

Confessions III: Commodity Speculator Paradise

May 11th, 2020|

The gold stocks arrive @ Eclectica A very deep gold mine Buying the WORST in case you're proved correct. Plasticine Macro trader. Barry Callebaut. A party overlooking Red Square with Jimmie, Mark & Nassim. Fund +1.8pc FTSE All Share -6.9pc.

Confessions II: Is there something better than great sex?

April 28th, 2020|

What did I do when I discovered Amsterdam commodities? In my head, the voices are saying, there's gonna be a commodity boom! But it's incredibly hard to find equity exposure because investment banks just present you more of what worked last time. All we could find were strange creatures like Amsterdam commodities: no website, absolutely zero interest in talking to us… That’s why they call it a brave new world…

Confessions I: Baptism of Fire

April 16th, 2020|

I cry, You Cry. New babies, catching fallen angels, too early for rate cuts. Baptism of fire: launching a global macro hedge fund at the bottom of the bear market.

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