America just went through its worst civil unrest in 52 years, but the protesters are raging with the machine, not against it. Investment implication: bet on the machine.
You can't say "it goes far deeper than the statistics" and then make a statistical claim "a black person is far more likely to end up dead" with no numbers to back it up. The facts don't support your claim. If you take into account crime rates, blacks are less likely to be killed by police than you would expect.
"In 2019 police officers fatally shot 1,004 people, most of whom were armed or otherwise dangerous. African-Americans were about a quarter of those killed by cops last year (235), a ratio that has remained stable since 2015. That share of black victims is less than what the black crime rate would predict, since police shootings are a function of how often officers encounter armed and violent suspects. In 2018, the latest year for which such data have been published, African-Americans made up 53% of known homicide offenders in the U.S. and commit about 60% of robberies, though they are 13% of the population... police officer is 18½ times more likely to be killed by a black male than an unarmed black male is to be killed by a police officer."
Looks like I accidentally left a Tilson quote out of this article. This was it:
"The first-quarter results were impressive in terms of net subscriber additions and operating margin expansion, but Berna [Barshay, Tilson's colleague] has a warning for investors...
I would be cautious chasing the stock here, and if I was long, I would consider taking profits on at least part of my position."
On social media this week, America's largest brands have expressed support for Black Lives Matter protesters; many of those same brands, as John Binder noted in this Twitter thread, have also had their flagship stores looted during the protests.
Our top names have already been performing the market, albeit by a modest about recently. By isolating the factors that lead to the most alpha, we should be able to significantly increase the performance of our top names.
The hedged portfolio method offers a way to maximize potential returns with a concentrated portfolio while strictly limiting risk. Here we use that approach to build a hedged portfolio around a position in Hewlett Packard Enterprise.
As the populist wing of the Democratic Party becomes ascendant, Facebook's Sheryl Sandberg, once mooted as a future Clinton admin Treasury Secretary, comes under scrutiny as her company courts antitrust attention.
We've been presenting our top 10 names to subscribers since June 8th. Here, we show the performance of the first 9 weeks' top picks versus the market since then. Each cohort is beating the market so far, to varying degrees.
Latest Comments
Hedging Market Portfolios Using Analytics
Thank you, David.
Time To Hedge Tesla
Thanks.
COVID-19 And The Soloflex Economy
You can't trust what anyone says. Two weeks ago, if you went outside in a mass gathering, you were killing grandma with COVID-19. Now, it's okay.
talkmarkets.com/.../making-sense-of-the-chaos
Making Sense Of The Chaos
Duanne,
You can't say "it goes far deeper than the statistics" and then make a statistical claim "a black person is far more likely to end up dead" with no numbers to back it up. The facts don't support your claim. If you take into account crime rates, blacks are less likely to be killed by police than you would expect.
From the WSJ ( www.wsj.com/.../the-myth-of-systemic-police-racism-11591119883 ):
"In 2019 police officers fatally shot 1,004 people, most of whom were armed or otherwise dangerous. African-Americans were about a quarter of those killed by cops last year (235), a ratio that has remained stable since 2015. That share of black victims is less than what the black crime rate would predict, since police shootings are a function of how often officers encounter armed and violent suspects. In 2018, the latest year for which such data have been published, African-Americans made up 53% of known homicide offenders in the U.S. and commit about 60% of robberies, though they are 13% of the population... police officer is 18½ times more likely to be killed by a black male than an unarmed black male is to be killed by a police officer."
COVID-19 And The Soloflex Economy
I got my Costco card refund in February, so I stocked up then. Good timing.
COVID-19 And The Soloflex Economy
Could be. I've noticed there's been a run on exercise equipment at Target recently.
COVID-19 And The Soloflex Economy
You can find an interactive version of the chart for the portfolio hedged against a >4% decline here: https://portfolioarmor.com/front_tests/2333
In Case Whitney Tilson Is Right About Netflix This Time
Looks like I accidentally left a Tilson quote out of this article. This was it:
"The first-quarter results were impressive in terms of net subscriber additions and operating margin expansion, but Berna [Barshay, Tilson's colleague] has a warning for investors...
I would be cautious chasing the stock here, and if I was long, I would consider taking profits on at least part of my position."
Locking In Amazon Gains
Thanks, Texan Hunter.
Surviving COVID-19
My pleasure, Mike. Good luck.