Morgan Stanley took $SNAP (Snapchat) public three months ago. The thesis was future innovation. Today Morgan Stanley downgraded Snapchat for lack of innovation. And people wonder why ICO’s, Bitcoins and Tokens are the rage. Meanwhile, I overheard my father in law grumbling about Amazons lack of profits as I barbecued tonight. I quickly rushed over …

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Today’s post comes from my upstairs porch on Coronado…if you put your ear to the picture you can hear the Pacific: Ivan and I put together another ‘Momentum Monday’ (video is at end of the post). I love doing these and hope you enjoy. Below I outline some of what we discuss. There is a …

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My niece and her boyfriend bought a condo today in Toronto. This was the text exchange that ensued on the news: These crazy millennials! Ok now to the real point of today’s post…malls! I read this excellent two part piece from the Adventure Capitalist called ‘Mall Tour’. Kuppy is a hedgie and he really wanted …

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My friend Jon has written a fantastic piece on some things he has learned over 30 years of investing. Jon is a trend follower like me. We traders and investors are weird. Everything about investing has already been written, but we keep writing it over and over, remixing and making it our own. A couple …

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Janet Yellen was out speaking last week and Reuters captured it this way  The Millennials saw this coming and had put down their avocado toast in March to came up with a plan to take advantage of Janet’s promise: Poor Janet!

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It is great to be back at my desk in San Diego. I caught up with a bunch of traders and investors to work on getting my feel back on the markets. Ivan and I put together a ‘Momentum Monday‘ to help organize our own thoughts around what’s working right now and go through some …

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We have Max at home with us for the rest of the summer.  He just finished up 21 days off the grid on an Outward Bound adventure. Vegas had him lasting 21 hours but these millennials are scrappy it they have to be.  Here he is catching up on his calls and Snapchats while we …

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Happy Independence day everyone. Here is a group of books that I am perusing for my next reads. The team at A16z (one of the best Venture Capital Firms) put together their reading list and I thought I should share. Here is the link. Scroll theough them, there will be something interesting for you and …

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I spend a lot of time with fortunate people. I myself am the fortunate of the fortunate so nobody knows fortunate people better than me! International coach travel is a great way to remind myself how fortunate I really am. I have become a zen traveller compared to the way I was in my thirties. …

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Phil Knight’s Shoe Dog was fantastic. I wish I had this book 20 years ago. Phil knows how to tell stories. I have owned Nike for a very long time, but I did not know the history or know about the people that made Nike great. I have long called them an 8-80 brand that …

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