Uncategorized

03
Apr

Has Reality Set In On the Trump Rally?

No Tags | Uncategorized | Comments Off on Has Reality Set In On the Trump Rally?

  For the first four months since the election, the stock market was looking as cheery as these Miss America contestants aboard Donald Trump’s yacht in 1988. Investors were quick to conclude that the Trump presidency would lead to a meaningful reflation. It became a consensus viewpoint that huge infrastructure spending, massive tax reductions, and […]

Read More
05
Mar

How Investors Cause Their Fund Managers to Blunder

No Tags | Uncategorized | Comments Off on How Investors Cause Their Fund Managers to Blunder

From 1999 to 2009 the CGM Focus Fund managed by Ken Heebner produced a compounded return of 18% per annum. However, during that decade the average investor in that fund lost 11% on average. How could that possibly happen? Most investors bought the fund after periods of strong performance and sold the fund when performance […]

Read More
01
Feb

20,000 Reasons to Love Donald Trump

No Tags | Uncategorized | Comments Off on 20,000 Reasons to Love Donald Trump

  Due to the Trump Rally, the Dow Jones Index recently crossed the 20,000 mark for the first time. This has provoked a great deal of excitement from the talking heads on TV. Suddenly it seems everyone wants to get long the market for what is being hailed as a new era of prosperity. Even […]

Read More
10
Nov

Make Volatility Great Again!

No Tags | Uncategorized | Comments Off on Make Volatility Great Again!

    Election season is finally over, and like most of you, we are breathing a sigh of relief.  Trump’s win was a big upset for 50% of us, while the other 50% are already cautiously optimistic for the secession of California. The obvious question at hand is what it all means for us as […]

Read More
27
Oct

Carden Capital Talks Systematic Investing on Strategic Investor Radio

No Tags | Uncategorized | Comments Off on Carden Capital Talks Systematic Investing on Strategic Investor Radio

In this episode of Strategic Investor Radio, host Charley Wright interviews Sean Wright – no relation – of Carden Capital.  Sean is the founder and a Managing Partner of Carden, which is known for its unique investment strategies applied for institutions, mutual funds, private investors, and advisors.   Sean discusses Carden Capital’s “Vol Prowler” a […]

Read More
13
Oct

The Toilet Paper Paradox

No Tags | Uncategorized | Comments Off on The Toilet Paper Paradox

Too Much Toilet Paper – Or “The Paradox of Choice”   Have you ever experienced the pain of having to make choices in the toilet paper aisle of any North American supermarket? The psychologist Barry Schwartz extensively researched the issue and came to a controversial conclusion in his 2004 book “The Paradox Of Choice – […]

Read More
05
Oct

How AC/DC’s Angus Young Taught Me the Greatest Lesson in Finance

No Tags | Uncategorized | Comments Off on How AC/DC’s Angus Young Taught Me the Greatest Lesson in Finance

  It was the summer of 1992, and Carden Capital’s Sean Wright had just seen AC/DC play at the Monsters of Rock concert in Hannover, Germany.  Backstage, after the concert, Sean was talking with Angus Young, the legendary guitarist for the band, whose trademark schoolboy uniform and biting guitar sound have won millions of fans […]

Read More
29
Sep

Hasta La Vista, Baby!

No Tags | Uncategorized | Comments Off on Hasta La Vista, Baby!

    Do you remember the thrill of pitting man versus machine in the Terminator?  The narrative suggests the humans ultimately win the epic battle. In the real world, however, Sarah Connor would have been toast. The battle has long been won by machines. The resulting possibilities are far reaching and for the most part […]

Read More
22
Sep

The Investment Industry: A Basket of Deplorables?

No Tags | Uncategorized | Comments Off on The Investment Industry: A Basket of Deplorables?

The Investment Industry: A Basket of Deplorables? Knowledge Arbitrage: Works Against You Incentives need to be aligned. Does your advisor make money when you trade? Egregious Examples of Customer Betrayal Churn and Burn at Dean Witter Private Securities: 10% commission high enough? High Cost S&P 500 Mutual Funds: Why do they exist? Make Sure You […]

Read More
16
Sep

How Do You Know Whom You Should Trust? Here are Four Criteria to Find Out.

No Tags | Uncategorized | Comments Off on How Do You Know Whom You Should Trust? Here are Four Criteria to Find Out.

  Trust is the key to all successful human relationships.  In our lives we have to trust others.  From the moment we are born, we are hard wired to trust others because without their help, we would never make it.  At some point in our lives, however, we regrettably learn that we can’t trust everyone.  […]

Read More
4/AhULSoG6QtcAV674LlRM4-VI7AYuCy6J8hlLfH74PYA