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Well c’mon, man, I hear that Bobby’s back from being upstate
He learned his lesson, so they say, well I guess we’ll wait and see
He’s got a new corvette, he says it does a hundred and twenty, easy
Got some catchin’ up to do, some crazy score to settle

When I first heard Bobby’s back, the first thing that I thought of
Was how his chic like up and left with some guy she just met
I don’t think that he knew it yet, man it sent a chill right through me
The only thing he ever loved just left with his last paycheck

Bobby’s back, maybe for good this time
All his life, he was the last in line
Bobby’s back, maybe for good this time
All my life, he was a friend of mine

Bobby’s face looked pale and thin, as if some ghost had haunted him
When he asked me what was new, I wasn’t quite sure what to say
How come everybody’s stickin’ bloody fingers in my face?
I almost cried and said, “They sure don’t make cars like they use to”

Bobby’s back, maybe for good this time
All his life, he was the losing kind
Bobby’s back, maybe for good this time
All his life, he never had peace of mind

I shook him hard and said,”Listen man you can’t go back in time again”
And never ’til the day that I die did I see tears fall from Bobby’s eyes
Four or five years had gone by when I read about how Bobby died
He crashed his car into a wall, messed up on drugs and alcohol
Another brother led astray, well I’ll be damned if I go that way
Say a little prayer for him he lived a life you just can’t win

Bobby’s back, maybe for good this time
All his life, he was the last in line
Bobby’s back, maybe for good this time
Bobby’s gone, he was a friend of mine

Honorable mention: Whoever gave Setzer his mullet. So 80’s. And so cool.

Meanwhile, aboard The Errol Flynn–where I am just as connected as I am when I am back at The Factory–Flash and I are entertaining Cary, Pinky, Holly and Amanda. Flash is in an apprenticeship program, and I have just given him a new incentive: his own Bloomberg terminal. You’ll get to know Flash in time. He’s someone everyone needs to know at some point. Like the rest of the cast here at the set of the richest man on the planet, Flash adds an immense amount of value.

“WHAT?” Flash asked, “You think gold might pull back?”

“Yeah, I think so,” I admitted, “That’s why I sold the majority of it.”

“You said you wouldn’t sell it till it hit $10,000 per oz. Why the switch?”

“I still think it’s going to $10,000 an ounce,” I smirked, “but I am cautious in the short term. I think we could see a pullback more severe than I want to sit through. Besides that, there are so many things that I want to buy now. And I can always get right back into gold whenever I choose.

Gold is crowded here–is there a gold bear anywhere? I haven’t met one in weeks.” I continued. “What’s more, I haven’t seen or heard from a bull in stocks in what seems like months. There are too many bulls in gold and too many bears in stocks.”

“So what are you buying?”

“Calls in everything–especially financials like Goldie (GS). I haven’t been this bullish in a while. You know I love the bull side–particularly when there are too many bears.”

Then Pinky called and said to meet her in the lounge, where we sang with Cary Okie.

Flash didn’t even show up to the party in the sky; he stayed back in the office lost in his new Bloomberg. Flash is one of the greatest traders I’ve known. And he is just getting started.

And the beat goes on.

Dedication: My yoga pals I spent time with in Ubud.
“Two men look out through the same bars: One sees the mud and one the stars.”
–Frederick Langbridge (1849-1933)

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.