Some people never go crazy. What truly horrible lives they must lead.
–Charles Bukowski

Meanwhile, back at the coastal office, things got weird and even weirder. Go figure. If it hadn’t been for a few different happenings, I may not be where I am–which is still in question.

Secret

Someone said it to me again the other day, “Heya…so what’s your secret?” I said, “What are you talking about?”

“I mean, ah…what’s the secret with money. How do you have so much?”

“Oh, that secret,” I said. “Well that’s easy; I swung for the fences.”

Early Investing

Think of it like this: when you are young, you must accumulate some capital. Even if it is a small amount–you need some. And with it, you must swing for home runs every time you bat. When you are young, you should always be “swingin’ for the fences.” Without a few homers, you can’t make it to the next level.

Midlife

In your middle years, you become an investor, allocating the capital from those home runs to money managers and managers of businesses. You will learn a great deal in your years as an investor–more than you think you will. When you have learned what you need, you’ll be ready for the final phase.

The Name is Bank

In your latter years, you’re the bank. That’s me. Remember that every great bank is sometimes the party and sometimes the counterparty, depending.

But I am not just a bank. I am a story. The story of a man who was fed up with all the gunk and the filth and couldn’t take it anymore. The story of Vincent M. Vega, the richest man in the world. A man that believes he is a superhero–and because of the power of positive thinking–he is.

Volatility bounced off key support last week and is poised to move higher.

Trader Art - The VIX

Insiders in Tesla Motors sold what they could to the public and collared their remaining shares. My sell signal should ring soon. It is then that I will be short.

Trader Art - TSLA

Hasbro (HAS) is a leveraged buyout (LBO) candidate, and it’s vol trades cheap. The company claims it turned down an offer to be taken private from Providence Equity Partners. My model shows the buyout price at $52 per share–about a 25% premium from here.

Trader Art - Hasbro LBO

On board The Errol Flynn I fly sky high. Too fast to live. Too young to die.