Being at the top I tend to get a lot of emails from people and I can't always respond to them individually so I figured I'd post a little bit about my real life investing style since that's the top question. If I don't respond to your email it doesn't mean I don't love you. I’m sure there are plenty of other reasons I don’t love you. Maybe you made fun of my glasses? [more]
I bought a pair of rose colored glasses recently. If you've never actually worn rose colored classes you should. The world really does look brighter and cheerier through them. I bought the glasses because I moved to a place where it is cold, dark, and rainy all the time so wearing them gives me the illusion that weather related things aren't that bad. Sometimes when I wear them I'm tempted to add little green upward pointing thumbs to my Caps portfolio.
I've been reading a lot of criticism about making negative picks and I responded to it a little bit in my last post, but I'm going to focus completely on it this time.
There is nothing wrong with saying something is going to underperform the market. [more]
I'm out of the top spot again which means I got a little bit dumber today. Whereas yesterday everybody should have listened to me today it's everybody but one. It's only a matter of time before two people shouldn't listen to me and, as unlikely as it seems, maybe more. [more]
It sure is lonely at the top. At least I can use my imaginary wealth to buy imaginary friends.
As I mentioned in my first post my caps strategy was to short the housing market. I pretty much picked every stock I could think of that related to the housing sector and picked underperform on it. Then, as it dropped, I picked them all again. I was pretty much all in on housing. And I lost big. I was 3rd player from the bottom. [more]