There was a rather interesting development in the currency markets recently one that did not make too many headlines but probably should have. The US and Japanese authorities appear to have stepped in together to support the Yen. Not through a loud, headline-grabbing intervention but through a more coordinated and, shall we say, elegant approach….
Everyone has an opinion
People seem to have a natural attraction to negative and sensational news. Bad news gets attention, good news is often ignored, and social media has made everyone a commentator whether they actually know what happened or not. We hear something, read a headline, see a 30-second video and suddenly we know the whole story. Sometimes…
Arrival, crowds and conversations
Away from the volatile markets, I have been accommodating some visitors, one of whom is a friend from Guangzhou who was in town this past week. He has done very well for himself back home, building a successful business over the years. It shows not just in what he has achieved but in how he…
The seven levels of consciousness
In his 1963 book “The Science of Existence and the Art of Living”, His Holiness Maharishi Mahesh Yogi states that through the practice of Transcendental Meditation (TM) techniques, over time, the conscious mind becomes familiar with the deeper levels of the mind and the subconscious mind becomes familiar with it naturally. He said he would…
The state of the markets
While “The Big Short” investor Michael Burry is sticking with his bearish wagers even as the S&P 500 hits record highs, I spent some time on a video call with investors and partners discussing the state of the markets and, of course, our model portfolios. Many charts popped up during the discussion. Probably too many….