“Past Performance is No Indication of Future Results”. Its a statement attached to every financial salespitch ever offered.  So why is it no one believes it ? Turn on CNBC, Fox Business, Bloomberg, and every other comment from the “experts” mouths are “historically when the Dow ….fill in the blank….” or “for the last X…

Lets say I owe the bank behind my credit card  1k dollars and Im paying  10pct interest because the best I can do is a little bit more than the minimum payment. You come to me and tell me you are going to take out a loan for at least  25k dollars, get me to…

I would hate to be the winning Presidential candidate. Both candidates are delusional  in thinking  their economic policies will drag us out of a recession or even improve the economy.  The reality is that the solutions offered by both are the equivalent of shuffling the deck chairs on the Titanic. They are meaningless. You can…

Transparency is key to the success of the Bailout and related loans and investments the government makes with our tax dollars. Without complete transparency, we will get from our government what we always get when it comes to finances, confusion. To do my part, I’ve worked with the folks at Sharesleuth.com to create Bailoutsleuth.com Its…

This is for anyone who has under 250k dollars in stocks and bonds and also has debt. If you listen to me, I GUARANTEE YOU that you will earn a greater return than 90pct of the richest, supposedly smartest money managers ON THE PLANET. All those Wall Street fat cats, they can’t earn as much…

Let me get this straight.  In 2008, funds trying to squeeze out another basis point or two thought they were being conservative  buying insurance on heavily leveraged portfolios of sub prime loans and other debt. Once those loans started to default, it  created a cascading deleveraging event which lead to major financial institutions failing and…

First rule of Investing. Dont fall in love with positions or try to prove yourself right. I thought we might get a bounce. I was wrong. I covered my short puts when the market started to shed its gains. So I lucked out there. More importantly, i wanted to clarify my bullishness. I don’t think…

I  could be an idiot. But I think now is the time. I put 8 pct of my net worth in DIAmond puts at 11000, as a hedge, and just sold them at a very nice gain. Very nice. Now Im short puts that I sold in not near as big a position, but nice….

Is our Dallas Mavericks.  The Preseason starts tonight. Not only can I not wait to get things rolling, but I can not wait for the election to be over.  Watching Tina Fey on SNL is hysterical, but its time to return the Maverick name where it truly belongs.  On our jerseys. Any one know of…

You would think that in 2008 that markets should be efficient.  One market that certainly is not is the corporate bond market. Any individual who has ever tried to buy a corporate bond knows how difficult it can be. There is no exchange for corporate bonds.  They don’t trade like stocks, indexes, ETFs, or anything…