by CEO.CA on Bay St. Legendary investor and author Jim Rogers urged students to scrap career plans for Wall Street or London’s financial district during a Nov. 4, 2010 speech at Oxford University’s Balliol College (one of his alma maters). He recommended studying agriculture and mining instead. “The power is shifting again from the financial… Continue Reading
Ray Dalio is the founder of Bridgewater Associates, the world’s largest hedge fund firm and is one of the most iconic money managers on Wall Street. The Harvard graduate created the All Weather fund in 1996 and revolutionized traditional optimal strategic asset allocation models. Instead of balancing portfolios based on total weightings only, he included risk,… Continue Reading
Self-help guru Tony Robbins is out with a new book which offers a slew of financial advice including an “All Weather Portfolio” (AWP). Without delving into too much detail (others have already done this favor for us….), the crux of Robbins’ All Weather Portfolio is a recommendation to allocate 55% of ones portfolio into US Treasury… Continue Reading
The New York-based alternative asset manager, The Lind Partners, have announced a unique strategic partnership with John Hancock (the eldest son of Gina Rinehart of Hancock Prospecting, the largest private company in Australia) in which Mr. Hancock will become a consultant to Lind and advise them on investing in the Australian resource sector. The team at The Lind… Continue Reading
I was a daytrader 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 or $50 million a day at my peak. I did this from 2001 to… Continue Reading
US Oil Sands (USO:TSXV) has closed its previously announced, oversubscribed $81 million financing and has added a changed lineup of all-star energy entrepreneurs to its board of directors. USO raised the money from three main strategic investors, Blue Pacific Investments, Anchorage Capital Group and Spitfire Ventures. Blue Pacific nominated Serafino Iacono (highly successful Colombian resource entrepreneur… Continue Reading
Andrew Ross Sorkin’s Dealbook (The New York Times) is out with a new article on the latest betting scheme being proposed by Wall Street; a market to buy and sell real financial interests in entertainment stars. Fantex Holdings announced today that it will open a marketplace in the US where investors can trade an interest in the… Continue Reading
“There was no firm like it. And there probably won’t be another one like it. It was tough to get into and tough to get out. Hotel California.” I’ve heard the name, Gordon Capital, a few times in my career. I find when talking about Gordon Capital, it is often complimented with a fond smirk… Continue Reading
If history repeats itself (which it has a habit of doing), then yes the bank is preparing to load up on gold. This morning, Jeffrey Currie, the global head of commodities research for the bank said: “While we agree with the mid-cycle price somewhere around $1,200, we believe that at least near term it can overshoot… Continue Reading
US hedge fund, Two Fish Management, is making a renewed call for the breakup of Barrick Gold (ABX:TSX). The hedge fund, led by Mike Morris said “the market is essentially assigning a massive conglomerate discount to the company.” Morris cannot see any compelling reason to own a worldwide conglomerate of gold mines. Two Fish wrote… Continue Reading
Many analysts are claiming that new platinum ETF and trust products such as Sprott’s physical products have begun to wreak havoc on an already beat up and battered South African platinum industry. Just as the gold ETFs did in the gold run over the last decade, these new platinum products could rip billions of investment… Continue Reading
The all-star tech incubator, Difference Capital (see Tommy’s article), announced the closing of a $45-million financing which brings the total funds raised in the previous two financings to $101-million and a total of $185-million since May 2012. You don’t see many junior miners able to raise that kind of money, especially in this market. So,… Continue Reading
Vanity Fair is out with a new long form profile of billionaire hedge-fund manager Bill Ackman. The Big Short War | Vanity Fair
Originally published on TommyHumphreys.com, CEO.CA’s predecessor site, and republished by WSJ, Business Insider, among others. I had wanted to interview Kevin O’Leary ever since I attended a small presentation on his O’Leary family of mutual funds that he gave to money managers in Vancouver last spring. Before those financial gatekeepers, O’Leary was his usual fast… Continue Reading
