I love holiday weeks. It seems like I'm just getting settled into work when Friday happily rolls around. I wish every week was a four day week. Yet, when it comes down to writing a newsletter, four day weeks...
Earnings season for microcaps came and went during the month of August. Well, we call it earnings season but, when you're betting on future leaders with disruptive business models, they tend to be early stage. Which means it's more...
Phew! Am I ever glad to get earnings season over with. Trying to keep up with all the calls and the incredible volatility in the portfolio can be overwhelming and this last week encapsulated all this for me. Throw...
For the last couple months I’ve felt like Muhammad Ali’s sparring partner. The market has really tried to take its pound of flesh out of me. Yet, as I write this, the portfolio just closed up 2.7% on the...
Friday was the most exciting day yet in the Tour de France, with the Pyrenees separating the contenders from the pretenders. I had thought this Tour would be a boring tour de force for Chris Froome, however, just when...
Normally I try to have my lead story be something about the big picture. Whether that be the Tailwinds' portfolio, micro-caps in general, or the overall market, the idea is to develop a top-down piece that can add additional...
I don’t know about you, but I’m worried. The economic cycle is long in the tooth. Equity valuations are stretched. The yield curve is flattening. Emerging markets and other liquidity-sensitive markets are sagging. The Federal Reserve is raising rates...
For those who have read my previous notes on Bitcoin, I'm sure you're wondering what's the scoop here. I've been a vocal bear on Bitcoin, calling the top pretty well and consistently saying that I believe it's a bubble...
Stick a fork in it, June is dead. Which couldn’t have happened soon enough as, what started out as a wonderful month, turned into final week of wasted opportunity and frustration. Such is the life of someone who deals...
"You f…g Americans. Who are you to tell us, the rest of the world, that we’re not going to deal with Iranians?" Richard Meddings, Standard Chartered’s Finance Director, said in 2012 America under Donald Trump is emerging as the global bully....