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The Black Swan

The Black Swan

April 23, 2026

Contrary to popular belief, black swans don’t have to be bad. They can also be good. Most people think of panics and crashes when they think of black swans, but really a black swan refers to any improbable event that could not be foreseen. The Nasdaq up 13 days in a row? I’d call that a highly improbable event.

There Is No Leverage in the System

There Is No Leverage in the System

April 16, 2026

Stocks went down about 9%, and now they are back up to the highs in the span of about two weeks. No fun for me. But I think we learned something interesting from this scenario…

The Awesome Portfolio

The Awesome Portfolio

April 9, 2026

On September 8, 2026, my seventh book, The Awesome Portfolio, will be published by Harriman House. Yes, my seventh book.

The Caboose

The Caboose

April 2, 2026

I am the caboose. I am the last person to learn about trends in tech. Therefore, I am a terrible tech investor. It is true!

Two-Year Notes in Turmoil

Two-Year Notes in Turmoil

March 26, 2026

I was talking to someone uninitiated in finance the other day. She asked me if skyrocketing oil prices were having an effect on the stock market, and I said yes, but not in the way that you think.

I Just Work Here

I Just Work Here

March 19, 2026

I don’t pay attention to the news; I just trade the charts.

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