Blog Category: Trading

I was having breakfast with one of the biggest hedge fund managers. He was telling me his latest ideas. Then he stopped chewing and said, “you know what. You’re a remora.” I didn’t know what that was. The food was practically spitting in my face. “A remora is a fish that is a blood-sucking leech”. […]

I once went to a Berkshire Hathaway annual meeting. I met a guy who told me how in 1976 he bought 200 shares. “After a year the stock had doubled so I decided to take some profits off the table. I sold 100 shares and started a restaurant and ran that for the next 30 […]

People have called me a “perma-bull” forever. Mish Shedlock called me a “wacko”. Zerohedge has called me insane. Nouriel Roubini has laughed in my face. My daughters still quote Don Luskin when he was on CNBC shaking his head and saying, “James, James, James…” while laughing after I said the market was going to hit […]

I was a day trader for many years, and it almost killed me. I made money by making profits on my own money and also taking a percentage of the profits for the people I traded for. I traded up to $40 million or $50 million a day at my peak. I did this from […]

WHEN I HIT BOTTOM Corey Mays ‏@coreyisamaysing: What was one of the most important things you learned from failing at a start up? Answer: I called my parents to borrow a few hundred dollars. Two years earlier I had $15 milllion cash in the bank. Now I had $0 in the bank. ZERO. I had […]

 [Some expanded answers from my regular Thursday Twitter Q&A session] HOW TO DEAL WITH BURNOUT? Lemuel Goltiao ‏@suburbandude: Any advice for someone who’s experiencing burnout? Answer: I have to confess something. I am feeling a little bit of burnout. I’ve been doing this blog for a little more than two years. I probably write, on […]

SHOULD YOU BE YOURSELF? Tania Hew ‏@taniahew: Interested in your take on advice to be yourself when seeking leadership roles/new jobs. Answer: Everyone puts on a mask when they wake up in the morning. They have different masks for different occasions. I have my father mask, my partner mask, my lover mask, my friend mask. […]