The Market Structure Map
November 20, 2024
Nvidia (NVDA) reports results today after the market closes, like thousands of public companies in the last couple weeks trying to generate alpha. The difference between Nvidia and most of the rest – about 99% – is Nvidia right now generates alpha, a superior return...
November 13, 2024
November 6, 2024
We’re back! Karen and I left for Spain last month, where outside Girona I rode bikes with good friend Brent and our pro-cyclist guide, Arno. Three hundred miles, over 23,000 feet including the famed Category 1 (over 3,000 feet) Rocacorba, six days in the saddle....
October 16, 2024
Options expire and renew starting today and running through Tuesday, the last chance for big hedges and bets on the US presidential election. We could root through Nostradamus’s quatrains for insight on what’ll happen. We could try something more certain, such as wildly guessing. Or...
October 9, 2024
Forbes Magazine wrote in Feb 2009 that Warren Buffett is said to have observed, “You pay a very high price in the stock market for a cheery consensus.” On the other hand – you know about the one-handed economist – Baron Rothschild is credited with...
October 2, 2024
On Buffalo Pass, autumn blazes. In fact, there are a lot of things ablaze, with another earnings season looming. Will you report results the same old way, public companies? One thing blazing are Chinese stocks, which posted the best week and day since 2008. I’m...