This blog is a record of my market thoughts and trades in real time. I started trading with my savings in January of 2007. My strategy is based on macroeconomics. My idol is George Soros. My style is based on identifying where mainstream market beliefs differ from mine. You may email me at levinegregoryj@gmail.com. Thank you.
Bought CNE yesterday at $12.76. At 4.1 times free cash flow, it was too cheap to resist, even though it with PDC it overweights my portfolio towards oil and gas too much for my liking. The distributions will yield 19% (if they don't go up even more). CNE also hedges half their production against lower prices, so oil could fall to $40 for a quarter and they'll probably still grow their cash flow.
posted by The Obfuscation Oracle @ 1:20 PM
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My strategy is big picture. I am fascinated by credit flows and how central bank and government policy interacts with global trends. I try to time bubbles, predict trend changes and invest accordingly. An inquisitive, contrarian, and skeptical attitude come to me naturally. I believe two things about investing. First, there are plenty of analysts who can pick out which snail (or tech company) will beat the other snails (or tech companies). What I want to know is, "Which asset class is the cheetah standing still?" This is what I have invested years of my time, energy, and thought process to do: understand the confluence of finance and economics and how to speculate on that knowledge.
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