Using Veritas to Construct the "Per…

29-04-2017 Hits:84563 BoomBustBlog Reggie Middleton

Using Veritas to Construct the "Perfect" Digital Investment Portfolio" & How to Value "Hard to Value" tokens, Pt 1

The golden grail of investing is to find that investable asset that provides the greatest reward with the least risk. Alas, despite how commonsensical that precept seems to be, many...

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The Veritas 2017 Token Offering Summary …

15-04-2017 Hits:79034 BoomBustBlog Reggie Middleton

The Veritas 2017 Token Offering Summary Available For Download and Sharing

The Veritas Offering Summary is now available for download, which packs all the information about Veritas in a single page. A step by step guide to purchasing Veritas can be downloaded here.

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What Happens When the Fund Fee Fight Hit…

10-04-2017 Hits:78884 BoomBustBlog Reggie Middleton

What Happens When the Fund Fee Fight Hits the Blockchain

A hedge fund recently made news by securitizing its LP units as Ethereum-based tokens and selling them as tradeable (thereby liquid) assets. This brings technology to the VC industry that...

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Veritaseum: The ICO That's Ushering in t…

07-04-2017 Hits:83362 BoomBustBlog Reggie Middleton

Veritaseum: The ICO That's Ushering in the Era of P2P Capital Markets

Veritaseum is in the process of building peer-to-peer capital markets that enable financial and value market participants to deal directly with each other on a counterparty risk-free basis in lieu...

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This Is Ground Zero for the 2017 Veritas…

03-04-2017 Hits:79932 BoomBustBlog Reggie Middleton

This Is Ground Zero for the 2017 Veritas Offering. Are You Ready to Get Your Key to the P2P Capital Markets?

This is the link to the Veritas Crowdsale landing page. Here is where you will be able to buy the Veritas ICO when it is launched in mid-April. Below, please...

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What is the Value Proposition For Verita…

01-04-2017 Hits:82242 BoomBustBlog Reggie Middleton

What is the Value Proposition For Veritas, Veritaseum's Software Token?

 A YouTube commenter asked a very good question that we will like to take some time to answer. The question was, verbatim: I've watched your video and gone through the slides. The exchange...

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This Real Estate Bubble, Like Some Relat…

28-03-2017 Hits:53217 BoomBustBlog Reggie Middleton

This Real Estate Bubble, Like Some Relationships, Is Complicated...

CNBC reports US home prices rise 5.9 percent to 31-month high in January according to S&P CoreLogic Case-Shiller. This puts the 20 city index close to an all time high, including...

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Bloomberg Chimes In With My Warnings As …

28-03-2017 Hits:81239 BoomBustBlog Reggie Middleton

Bloomberg Chimes In With My Warnings As Landlords Offer First Time Ever Concessions to Retail Renters

Over the last quarter I've been warning about the significant weakness in retailers and the retail real estate that most occupy (links supplied below). Now, Bloomberg reports: Manhattan Landlords Are Offering...

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Our Apple Analysis This Week - This Comp…

27-03-2017 Hits:81251 BoomBustBlog Reggie Middleton

Our Apple Analysis This Week - This Company Is Not What Most Think It IS

We will releasing our Apple forensic analysis and valuation this week for subscribers (click here to subscribe - lowest tier is the same as a Netflix subscription). As can be...

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The Country's First Newly Elected Lame D…

27-03-2017 Hits:81052 BoomBustBlog Reggie Middleton

The Country's First Newly Elected Lame Duck President Will Cause Massive Reversal Of Speculative Gains

Note: Subscribers should reference  the paywall material here for stocks that should give a good risk/reward scenario for bearish trades. The Trump administration's legislative outlook is effectively a political desert, with...

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Sears Finally Throws In The Towel Exactl…

22-03-2017 Hits:86901 BoomBustBlog Reggie Middleton

Sears Finally Throws In The Towel Exactly When I Predicted "has ‘substantial doubt’ about its future"

My prediction of Sears collapsing once interest rates started ticking upwards was absolutely on point.

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The Transformation of Television in Amer…

21-03-2017 Hits:84919 BoomBustBlog Reggie Middleton

The Transformation of Television in America and Worldwide

TV has changed more in the past 10 years than it has since it's inception nearly 100 years ago This change is profound, and the primary benefactors look and act...

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I've decided to put a general post on my thoughts for the morning. There has been a lot of activity in the comments section and I am getting the impression that, despite my admonition and warnings to the contrary, there are many readers who a) are taking my opinions as investment advice and  c) are not taking small manageable positions and taking profits often, and c) are taking a short term view of a long term situation while assuming stock market price movements are somehow dogma in terms of fact and this country's state of affairs.

The market rally

The market has been rallying very, very hard. I am disappointed in my personal results, primarily because I disgorged an obscene amount of profits. I have saw the rally coming and publicly called it days before the fact, but I significantly underestimated its breadth and depth. Although I am still up over 400% on a rolling average I am down significantly from my all time high, which the bar that I hold myself to. I am the first to admit that this is unrealistically harsh and I would not suffer such a critical review from anyone else, but this is the standard that I hold myself to. I need to be careful, though. Being too demanding on oneself could be just as destructive as being too lax or not demanding enough.

 

Prudent risk management

Hedging and cash management are the words of the day, every day. When I am  making money, I find I should be constantly taking it off the table.  Basically, when I start feeling good, I should be taking cash. When I really feel bad about my positions going against me is when I should re-examine my thesis and if it still holds buckle down. This is a very unscientific methodology, but I found it to be most utilitarian over the life of this blog. I must admit that even I don't adhere to it as steadfastly as I should, and when I fail to do so I regret it, every single time. 

In addition, I believe that all who follow fundamental research in a volatile and potentially manipulated market should actively and/or passively hedge. As a matter of fact, at the rate and velocity that the market is rallying in unison, led by the banks and insurers, I find it to be mandatory. It limits your losses to determinable amounts and actually allow you to profit when things go against you by legging out of positions if you successfully stick to your thesis after things move against you. The reason many don't have staying power is a lack of long term conviction, lack of risk management and the absence of money management, ex. taking small positions and taking money off of the table. In early March when I said I was preparing for a market rally, I built up a cash position of around 65% or so. It wasn't enough in retrospect, and an active hedging strategy would have been much more fruitful, a strategy that I was more or less forced into later on. I am now just over 70% cash (give or take) and actively hedged for the balance and will be aggressively seeking to regain my disgorged profits for the year. That's right, I am shooting for the triple digit returns again. It will be harder, but still quite possible. Paying subscribers should look to the subscription content section for new material to see why I am still not convinced that banks or REITs can earn their way out of this just yet. Earnings are really just not there yet, despite the proclamations of the media and management. Once the accounting games are stripped away, there were quite a few losses and missed expectations for the quarter - and this is after the expectations were lowered considerably.