players

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

Rebellious Bavarian monks penned a series of 12th century poems. Explored the role of fortune in our world, the cycle of life, and death, of love and sex, corruption in the Catholic Church. Their work remained hidden till 1803. By 1937, Carl Orff had lived through 3 turns of Germany’s wheel: Empire, Weimar Republic, Nazism. He composed music. Set these poems to his most powerful piece: Carmina Burana. It moves me lik

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 730mm bushels to 900mm (exports drop to 9yr lows). Wheat and soybean inventories expanded too. Oil & gas in storage surged (US fuel use fell to Jun ’09 low). Coal appeared (South Africa shipments to Asia -17%). Iron too (Chinese imports -4.4% from Apr

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

Empires grow to the sky then crash to the forest floor. The USSR collapsed. Communism’s rot and the arms race weighed heavily, plus we funded jihadists – ooops, freedom fighters – to whittle ‘em down in Afghanistan. Europe grafted some shrubs to a few trees, called it the EU – latest in a long series of failed attempts at empire – wish ’em luck. America over-reached, claimed the globe, boasted sequoia status, n

Obama had a helluva wk, Osama too. World wasn’t big enough for 2 names like that. The bad fella burned some garbage, slipped into pajamas, and with no phone, no internet, no cable, he picked up a jihadist comic book to read himself to sleep – f4#k their cartoons are boring. The good guy played a round of golf, rushed to watch the reality show he’d produced. Brilliant subject, cast, and crew. Swept up real good

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

Mara woke me at 3am. Wanted to share an intimate moment. We snuck downstairs, flipped on CNN. Two lovely souls exchanged wedding vows. And we, along with 1,000,000,000 tiny creatures across our shrinking globe, shared in that wonderful human ritual. The dress, train, veil, limousine, palace, abbey, military uniform, medals – all intended to help us imagine our little lives are bigger, and connected. We submit to the

I played Lacrosse and didn’t suck. But to be great, you gotta play rightie and leftie with near equal skill, grace, confidence. I never could. By college, I’d recognized this problem, but at that level it’s damn hard to catch up. The best time to confront weakness is when you’re at ease – under no real pressure – my window had shut. So I made up for a weak left in lots of ways, hit guys real hard, hustled