November 28, 2018

China could outlast USA in a trade war

Doug Kass on the US - China trade war and differences between China and USA level of patience.

Since the Chinese/US trade dispute is on the front burner now, I wanted to repeat these thoughts from a week ago:

"I have written much about trade over the last few weeks - most recently this week's.
What follows is a great quote made in 1972 by Chinese Premier Zhou Enlai - it's something to keep in mind when listening to opinions on the subject of China/U.S. trade.
When he was asked about the impact of the French Revolution (of 1789), he replied "It is too early to tell."
That quote is from sixty years ago.
Unlike many, I believe the Chinese can outlast us in a trade war.

China is a patient civilization. The country takes the long view of history (often measured in hundreds of years)- as expressed in the witty and Oscar Wildean response above by Enlai.

While Americans are focused on 2020, the Chinese are focused on 2120! 

Hardliners in the White House and the dopes on Wall Street don't have a sense of history."

via twitter

November 19, 2018

Is there a special sauce to beat the market ?

Navigating the stock markets is not easy even though many claim to have a special secret sauce that enables retail investors to bag profits. Doug Kass tells the truth of how Retail Investors can get duped.

"The “special sauce” guys who have a special formula to beat Mr. Market. The most venomous are the “unusual call activity” crowd – a constant diet of which will end most up in the poor house. Most have little skin in the game. But, importantly, their consistent failure to memorialize the results of their recommendations is testimony to the mug’s game they use as a “hook” to snare the unsuspecting. I have contempt and little respect for those that show the “rolls” of their winners and too often ignore their trades that go to zero (e.g. out of the money calls bought on (ROKU, SQ, AAPL, TSLA, NFLX, GS) and many other high beta stocks of that ilk that have recently collapsed).

(There is no special sauce. I give these players – with limited accountability and selective disclosure – no respect at all – for basically trying to deceive the individual investor.)"

- via realinvestmentadvice

November 6, 2018

The Fed is taking a more Hawkish tone

Click here if the above video does not play

October 29, 2018

General Motors long is the Trade of the Week

Doug Kass likes GM stock

"GM (long) is my "Trade of the Week!"
This is a departure for me.
Note: I have been short the stock for two years (at $43.33) and covered under $33 recently."

via twitter