So if you’re my LP. I’m writing a calm letter to you all. Expect volatility. 24 months. And then expect us to be healthy. And aggressive when it matters. We are wealth managers. Not oracles. But we have 100 PhD’s in the pipeline. And they all are saying. “I don’t know.” Someone has to make a decisio...

So if you’re my LP. I’m writing a calm letter to you all. Expect volatility. 24 months. And then expect us to be healthy. And aggressive when it matters. We are wealth managers. Not oracles. But we have 100 PhD’s in the pipeline. And they all are saying. “I don’t know.” Someone has to make a decisio...

Caused by wars, socialism, viruses... Discuss! Look. I realize you all hate me for playing devils advocate. But Paul. There’s inflation. And hyperinflation. And a recession fixes that. I’m not happy about it. I’m a human being with emotions. However. We are 1998 30 year yield gilts. —- now let’s lo...

If we get to 2% ex housing shelter & energy on Core PCE. It won’t be hard. Just stop consuming you Taylor swift lovers.

Sure. It’s higher for longer. But. It’s going to break something. 24 months.

If we get to 2% ex housing shelter & energy on Core PCE. we are don’t.

Sure. It’s higher for longer. But. It’s going to break something. 24 months.

Wilmott is my teacher. I always admired the man. He’s a brilliant mind. But I like to get into fights with him. Over dumb stuff. Not inflation. Because we are using the Fed’s PCE ex energy and shelter. I like to argue with him on dumb stuff like. HYPERIBFLATION WEIMAR GERMANY VENEZUELA TURKEY ARGENT...

But like I said. We have a mental Illness. We believe slow growth 2024. Consumer cyclicals are murdered. Including us. Yet we retain mental illness in entrepreneurship.

EV business is THE WORST business ever. Facts

EV business is THE WORST business ever. Facts

Write an LP EMAIL Paul. I’m sorry I didn’t go long the magnificent seven. Give me my lockout periods. You can’t redeem from this closed end fund. I’ll deliver alpha. 7 generals need to be murdered.

7 generals need to be murdered. Either way. We got positive carry in TIPS.

Having seen yet another car accident in London I was just about to post in the Stupid Clock thread about the inevitable increase in insurance. Anyway, Sky News beat me, over 40% increase in one year. So add stupidity to the causes of inflation. The rise of EVs? Much more expensive to fix. Worst bus...

Having seen yet another car accident in London I was just about to post in the Stupid Clock thread about the inevitable increase in insurance. Anyway, Sky News beat me, over 40% increase in one year. So add stupidity to the causes of inflation. The rise of EVs? Much more expensive to fix. Worst bus...

I did the math. We win no matter what

I did the math. We win no matter what

“Dear LPs. Thanks for your confidence in us. I got notice from your layers yesterday about our irresponsibly long position on (you guess friends). You’re upset and you had your worst year in 10 with us an LP. I’m GP. You gave us constant for 16 months left of lockout. I have a 24 month horizon. And ...