It’s end of third quarter, and the disaster in my portfolio continues. I’m currently down almost -10% in the quarter and -7% YTD, which on both counts is worse than the market. Some of it is deliberate as I have increased my exposure to the oil industry significantly, buying 2017 futures, and building up postions […]
Month: October 2015
Gone Global: the U.S. Fed as Global Banker of Last Resort
I’m doing some reading on current activities of the US Federal Reserve in light of their classic mandate to coordinate inflation and unemployment in the United States. I decided to write a post on the changing role of the Fed since the last recession more to clarify my understanding than anything else. If it seems […]
On Nigerian Development
I just want to share some thoughts on my mind about Nigeria and our efforts at development. When it comes down to it, development, while masquerading as economic is not quite that. A sufficiently developed country becomes a civilization. It evolves rules, institutions, cultural touchstones and all of these shapes the citizenry, with spillover effects […]
Ferarri Readies for IPO
She said she never drove foreign So I introduced her to my red Ferrari- Waka Flocka Next Tuesday, the IPO for Ferrari is expected to debut on the market. The iconic car has been owned by Fiat Chrysler Automobiles NV, who own 90% and Piero Ferrari, the second son of the company’s founder who owns […]
Investing for the Risk Averse
Let’s say you’ve heard the whole drill about equities and commodities investment, buy you’ve looked at yourself as an individual, guaged your risk appetite in the light of the last recession and personal circumstances, and just decided that they aren’t for you? What then? For some people, their immediate instinct is to hold cash deposits […]
Russia and the U.S. : A Modern Day Peloponnesian War
A historical perspective sometimes throws certain occurrences in the proper light for us to understand their significance, or lend us a better frame of reference for thinking about them. For this reason, it’s apt to compare the tension between Russia and the United States to that between Sparta and Athens during the Peloponnesian wars. The parallels […]
Experiencing my First Natural Disaster
“By the rivers of Babylon, where we sat down and there we wept, when we remembered Zion.” So it flooded in my city, on my birthday weekend. Fortunately, it didn’t get bad until Sunday really, and by that time, we had partied and rested. I ended up spending most of the time holed up at […]
