The inverse of yesterday, naturally. We tanked into the bell yesterday and today enjoyed the mirror image. As such, I managed to scratch and claw myself back into the green — literally akin to pushing a handicapped wheelchair up a steep cliff — only to perhaps tomorrow speed downhill directly into an dynamite depot where I will explode.
I fished out one of the most depraved portfolios YTD, affixed with a beta of 2 now, slightly leveraged, long all sort of craven degenerate stocks. I will either rejoice and revel in my own ignorance tomorrow or pay a very severe price for my sins of wanton greed and lust for material earthly items.
In other news, I am busy studying to get licensed again — off to manage other people’s money again for both sport and pleasure. I have been out for 7 years and miss it — bedraggled with a feeling of being UNDERUTILIZED amidst a cadre of unsophisticated and dwellers. It might entirely be plausible that this blog ceases to exist within the year. Nothing is written in stone — but I am giving you all fair warning, as I have grown bored and want to embark on a new task.
If you enjoy the content at iBankCoin, please follow us on Twitter
You can’t quit! I’ve been reading your blog since like 2006
Also if you need a quant for your fund, I’m looking for a side gig.
Do you really miss the hand-holding with clients who turn their back on you the minute your returns suffers vs the benchmarks? Or do you miss the money? I did it for 20 years, and I HATE small-minded, inexperienced investors. They deserve zero-bid penny-stocks…
Whatever happens, thanks for sharing your talents in markets, human behaviours and in written English with everyone for so many years.
Say it ain’t so.
I’m with TC Fly. Understand you gotta do what you gotta do, BUT…
It is *officially* under protest.
very good, fuck off
Catamite
You can’t quit, boss. Where would we, the catamitic sheep, go? IKep it going – great marketing for your business.
Another thought. Consider the timing … going back into it right at the catastrophic crash.