By EconMatters Earnings season is starting to ramp up, and its abundantly clear that we have a problem. We had this occur last year as we were pushing all-time highs in markets, and the bulls wouldn’t let stocks drop even as a couple of misses started happening. Then on a Friday before options expiration, all hell broke loose because there were so many misses and stocks getting killed that the carnage was too much to fight, and the bulls capitulated.
Nomad Investment Partnership: Keep An Eye On The Unseen Risks
There are many ways to define risk. Warren Buffett has said that "risk comes from not knowing what you're doing." Q3 2020 hedge fund letters, conferences and more His mentor, Benjamin Graham, believed that risk should be measured as the chance of a permanent capital impairment of an investment. Seth Klarman also holds this view. Read More