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Weekend Reads: China, Oil, and Lyft

CME Group Announces Launch of Ultra 10-Year U.S. Treasury Note Futures and Options – (CME Group) China crashes its stock market with circuit-breakers meant to save it – (The Economist) China Could ‘Spook’ Markets Again in 2016, IMF’s Obstfeld Warns […]

Follow the Capital Cycle as a Contrarian

Follow the Capital Cycle as a Contrarian

Ed Chancellor on the capital cycle… From his introduction to Capital Returns: Investing Through the Capital Cycle: A Money Manager’s Reports 2002-15, which was released in hardcover today (Dec. 2015): Typically, capital is attracted into high-return businesses and leaves when […]