Long time no time.
Man, my life almost changed a couple weeks ago and I needed the break to gather my thoughts, to be with my family and to rally around my daughter’s recovery…which will still be months in the making. Thank you to the handful of you that offered thoughts and prayers in her behalf. There are some good people that still visit this little corner of the site and I appreciate you.
This year had already been a weird roller coaster for me. Not always P&L related (although up til last month, I chopped in a range for 3 months before I got my mojo back)…but more of a change in environment (blog, not market) that I haven’t really developed a good feel for. With that and to be totally honest, lately I have really lost the motivation to blog. Over the years my little corner of this website attracted good groups of traders. Building that type of environment, along with training others to assist in finding opportunities is what I loved about blogging….as well as how accountable you have to be for what you put out there. When being critiqued, it forces you to step your game up.
I’ve built a solid group of readers here over the years. Folks that could carry an intelligent conversation, make contributions, and were competent enough to where you could trust them not to do something totally fucktarded – like put their entire account into OTM call options. This year more than ever, the vibe has totally changed. It got sloppy, dumbed down, watered down, and I let it impact me and the group. I suppose a change in vibe might be fine, but it completely shit all over the value I felt was contained within. Like anyone else, when you genuinely feel like you are not providing any value, you start looking for something else to spark creativity, to motivate, and to bring out the best of what you have to offer. Plus, the decor here around me changed drastically and I opted for Peanut Gallery rather than keeping up with the pace of change.
As most of you know, I’ve taken some steps to move back towards money management and have started the process of launching a fund. My goal was to be up and running before school starts. I feel the massive shifts in the industry offer unique opportunities to guys like me…especially when the masses have given up on active management. I’m confident that this new venture will spark the flame that I have lost for the daily grind and will motivate me to compete and go all out for my investors, rather than let dementia riddled retired assholes heckle me or let the 20 something catamites around here talk down and pick fights with me. I’m kinda spent on that front.
With the recent chaos going on in my life, I had given the thought to go back into hiding. After all, this is the phase in the market where participating is easy, everyone is an expert, and distinguishing value from one retard to the next is more difficult. In recent years, I’ve made calls that needed to be made and said things I felt needed to be said. I was content to step down – at least for a period of time to get my mind right again. After chatting with Fly a little last night, I’ve decided to try and put a little more effort into building back up what once was. I apologize for letting this place suffer the way it has. I’ve had more distractions in the year than I’ve had in the last 5 combined. Hoping that with a little help from the readers, we can develop another good market/stock picking narrative in here again.