The Best Investment Track Record Ever?

Reading Time: 3 minutes Sixty-six percent per year average returns (before fees) over thirty years. With no down years. Yes, you read that right. That’s the spectacular track record for Renaissance Technology’s Medallion fund that author Greg Zuckerman lays out in his investigative book on the legendary mathematican and Renaissance founder: Jim Simons (“The Man Who Solved the Market“). … More The Best Investment Track Record Ever?

Planning once you’ve been punched in the mouth – 3 more questions

Reading Time: 9 minutes No plan survives first contact with the enemy Herman Von Mutke the Elder During a speech in November 1957 Eisenhower told an anecdote about the maps used during U.S. military training. Maps of the Alsace-Lorraine area of Europe were used during instruction before World War I, but educational reformers decided that the location was not … More Planning once you’ve been punched in the mouth – 3 more questions

Three questions we are all asking in this market

Reading Time: 6 minutes There are decades when nothing happens, and there are weeks when decades happen. Lenin Yes, so in case you are wondering we ARE in the Lenin quotes phase of this crisis (Warren Buffet quotes was first week of March, Charlie Munger second week of March and Peter Lynch third week of March, since you asked). … More Three questions we are all asking in this market

Top Reads March 2020

Reading Time: 3 minutes My latest top reads, might come in handy if you have more time at home than anticipated these days … Red Notice A true-story thriller which goes from building an asset management business in Russia in the 1990’s, being blackmailed by oligarchs to murder, corruption and becoming Putin’s #1 enemy.   goodreads.com Super Pumped The … More Top Reads March 2020

Amplifying Certainties

Reading Time: < 1 minute We are deeply wired to care a lot about our sense of self worth & social standing … if these are undermined we feel a threat, which pulls brain fast into fight/flight mode & we lose cognitive capability So in our moments of greatest challenge, we actually become dumber… That was the stark but enlightening … More Amplifying Certainties

15 productive things investors can do in a market downturn

Reading Time: < 1 minute Re-affirm your investment objective ( for framing, context) and your process 2. Run through each of your holdings and remind yourself why you own it 3. Check your mandates are performing as expected given conditions 4. Remind yourself how often drawdowns usually occur – put things into historical context 5. Count how many of the … More 15 productive things investors can do in a market downturn

Complex systems and an Oscar-worthy f*** up

Reading Time: 2 minutes And the winner is … La La Land!! You might remember this one. Oscars night in 2017. Award for best picture. Warren Beatty and Faye Dunnaway presenting. The entertainment world waiting with baited breath as Beatty hesitated -playing with the audience- as the winner of the best picture was to be announced … But it … More Complex systems and an Oscar-worthy f*** up