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Hope all goes well. Mom and Grandma been here all wk. Sharing family trees. Like most guys, I know so little about where I’m from, even less about where I’m headed. But enjoy exploring the former and considering the latter. I’m related to the Wright Brothers (lots of dopes too). Orville and Wilbur, brilliant inventors. Wilbur lived at Mom’s house till he died. But that was when Americans built more than they bought.

Hope all goes well. Had lots of family visit this wk. Always fun to leverage up life’s mayhem. Someday it’ll all go dark and quiet. But my ears’ll be ringing like a tuning fork with the sounds of kids laughing, yelling, and crying. Heard some grown men crying this wk too. As they rushed for the safety of 2yr Notes at 0.40%. Overall: A peaceful transfer of power is Govt’s most noble moment. The higher a nation sets th

Hope all goes well. Summertime. Kids finished school. But I’m still in class. And I ain’t talking grammar class (gave myself an A in that one back at Brown). Nope, I’m talking mkts. What a tough teacher. Brown-nosing don’t work, apples neither. Just persistence, hard work, honesty, humility. Overall: Who the hell drank the last Red Bull? Seriously. Just a few weeks ago the glass overfloweth, and in no time, the

Hope all goes well. Be back next wk with full w/e notes. Needed a breather. Plus I’m engrossed in Decoded, new book by Jay-Z. My favorite living artist. Tells the story of Man’s struggle. Set in NYC, my hometown. Explores ambition, hunger, loyalty, hard work, power. Passion for the game. Turning nickels to dimes, dimes to bricks. Anyhow, I spent the wk in NYC with hungry guys, ambitious. All in love with the same thi

Hope all goes well. I confess. Tried to squeeze too many things into too few hrs. Failed. So I’m keeping it short. I’ll be back with full w/e notes June 5th. I’m jetting out tomorrow, heading to the Apple. Overall: Oh what fascinating creatures we are. Glorious. Pathetic. Noble. Base. Good. Bad. And of course, we’re weak, small, and have precious little time to learn so many complex things. Is it any wonder we’re con

Hope all goes well. Returned from London. I met so many fellas. Listened too. Everyone wants to buy commodities. And of course, the boys expect the USD to decline. Bonds too. Stocks may go higher, but “you gotta be careful” – so goes the chatter. Overall: What a miracle. The basket nearly empty, the multitude many. But when they counted the dough, there appeared aplenty. USDA forecast corn stockpiles to multiply from

Hope all goes well. What a ride! They just keep building these roller coasters bigger, better, faster. Financial engineering and abundant liquidity greases the wheels. I rode like everyone else. Felt those highs, lows, twists, turns, corkscrews too. Managed to finish the ride without puking. Owning options helps. I’m off to London’s Global ARC. Overall: Obama had a helluva wk, Osama too. World wasn’t big enough for 2

Hope all goes well. Big wk in Santa Barbara. May inflows are strong. Managing over $800mm now. And in our industry, where trillions change hands everyday, it’s easy to lose sight of a number like that. But truth is, it’s a mountain of trust and faith that some of the world’s best investors have placed in our hands. We’re humbled, real grateful. Overall: Mara woke me at 3am. Wanted to share an intimate moment. We snuc

Hope all goes well. We gathered Fri as an Investment Committee. Having mkts closed for 3days helps you relax, open the mind, be more objective. Plus a new friend visited, it’s pretty busy here in Santa Barbara.  Overall: What busy bodies we are. Just can’t help ourselves. Oh well, we’re Human. The British sent advisors to Libya, guess yelling orders at Mach 2 got old. And while the rebels don’t speak great English, t

Hope all goes well. Toured NY. Met 22 firms. Reminded me of my recent tour of Switzerland. And Texas. And St. Louis. And London. And Canada. And Miami. Why? Fellas want to talk about all the problems in our world. In these travels, haven’t found a raging bull. Not one. The globe’s filled with very nervous longs (and plenty of bankrupted bears). Overall: Those shifting plates beneath Japan won’t stop. And it ain’t jus