Risk Management in Trading: GameStop Edition

Trading is a game of survival against the twin threats of long-term inflation and capital preservation. Achieving a balance between the two ultimately determines success. To beat inflation, you have to take risk. But to protect your capital, you have to understand the role of risk management in trading. GameStop: the perfect short (2015 to… Continue reading Risk Management in Trading: GameStop Edition

Citi’s $900M Whoopsie

[February 2021 update: Citi lost their case, but it's on appeal and not looking good for them. Matt Levine has his normally hilarious take on the ruling. I also learned a new legal doctrine as part of this whole brouhaha. Luckily I learned it from the bleachers.] Back in August of 2020, so roughly 3… Continue reading Citi’s $900M Whoopsie

New Normal: 2% AVERAGE Inflation

Ah, late Summer, when you start feeling sad that the warm and sunny carefree days are close to an end, the evenings spent on the back patio will soon require a fire and a sweater, and you turn your attention to Fall. But before you can truly start growing that seasonal beard in earnest, there's… Continue reading New Normal: 2% AVERAGE Inflation