13 October 2017 – Iran is in trouble. Once again.

Oil I increased my exposure to oil considerably based on the expectation that Trump will not certify Iran deal which turned out to be right on Friday. Trump detest Iran policies and will do everything to hurt them. Now, Congress has 60 days to take measures. Europe stayed intact in their approach towards the deal…

6 October 2017 – hola independencia!

Oil’s price fall this week negatively affected portfolio performance. The fall was due to rising production over again which makes sense. However, I have not changed my view on oil so far. I expect it to rise further as OPEC comes to an agreement to extend production cuts. Saudi King visited Moscow for the first…

29 September 2017 – TAX cuts on the horizon? Probably in 2019.

The portfolio was up 1 % during the past week as oil prices rose 2% in anticipation of rebalancing. I closed part of my positions after the rally but still hold futures contracts.     I am building a strong conviction that oil prices will keep increasing due to OPEC cuts, Saudi’s interest in higher…

Margin of Safety — Seth Klarman

    Chapter 1  1. Investment success requires an appropriate mindset. Investing is serious business, not entertainment. If you participate in the financial markets at all, it is crucial to do so as an investor, not as a speculator, and to be certain that you understand the difference.  Investors who take advantage of Mr. Market’s periodic irrationality, by…

22 September – The Big Week!

The portfolio did not move much, it had a slight decline due to my late exit from gold positions. Oil positions did fairly well. I increased my positions on PayPal more. Will look for more stocks to buy in the future. The week was remembered by Trump speech to UN, FED speech, OPEC meeting on…

15 September 2017 –

The week was remembered as oil moved higher as Refineries was reopening after the Hurricane Harvey. I bought more oil positions and sold most of the gold. I still think gold has the room to go but I will be cautious in the short term. Euro traded a bit lower but I presume the end…

8 September 2017 – Hurricane Irma week

Both of my predictions about oil and gold prices turned out to be right as both rallied further. I took positions in both asset classes and closed some of them during the week. After Hurrican Harvey is gone, South East US is being threatened by another catastrophic Hurricane – Irma. At the time of writing,…

2 September 2017 – NK: “US no need to worry!”

Well, My portfolio did not do much return as I had completely been away from checking international events and focusing on equity investments. As predicted earlier, oil corrected itself but did it more than I expected to fall from 50$ to 46$ for WTI Oil.  Luckily I had closed my positions and got back in…

July 31 – Biggest gain in two weeks, Drama in WH continues.

Vacation paid off. As Soros says and I am paraphrasing it is that “most of the time I am successful is because I am not checking the markets too often”. I came back from a week long vacation and during the period oil and gold rallied as  I predicted. Now, WTI trades around 50$ which…

14 July 2017 – Trump is on Fire! Again.

The week was positive mostly for oil prices. Holding to my positions paid off. I have not decided what steps to take next but in the long run, I am still bullish on oil. EIA ( Energy Information Administration) anticipates rising oil production the next year, however, it was below the expectation. Oil prices moved…

7 July 2017 – G20 meeting, Oil is lower again.

During the past one month, oil prices fell further and rebounded again and fell again. During the first fall I kept adding more oil futures as it rebounded, I made back all losses but decided to hold on to half of them in anticipation of future rise, but it did not materialize. In the long…

Excerpts from Warren Buffet Letters

So, I decided to share with you some interesting information, knowledge from Warren Buffet Letters since the 1980s. I will be sharing more as I read the letters. The following are interesting ones. Of course, if you need much better understanding and get to learn more, you should read the whole letters. I pretty much…