Quotes

When asked about what is his favorite Superbowl out of the 7 he won, Tampa Bay Buccaneers’ quarterback always replies: “the next one”. Tom Brady is the embodiment of humility, work ethics and discipline. 

Despite all the accolades and record breaking career, he knows that to win the respect of his team mates he has to..



He believes in the daily
grind

Leaving no stone unturned gives him absolute confidence in his abilities 


It's not what you think it is what you do that count. Laser focused on the task at hand


Let the results do the talking



Who would have thought?

How wrong can we be at judging people on preconceived ideas or concepts that are different from the established norm. Despite his successes as a college quarterback, this is how he was reviewed in the combine. He was eventually drafted 199th on the list that year and could have ended as an insurance salesman had Bill Bellichick and the Patriots had not picked him.




Jeff Bezos was also underestimated at the beginning. Most people appreciated that the internet was to be a big thing and that ecommerce would become something important in the future, but in 1997, some 3 years after the company was founded, this is how a Harvard student saw the future for the young Bezos. 

Of course, Brady and Bezos are the exceptions that confirm the rule. But a clear lesson can be drawn: if you want to pick the exceptional, focus on drive, beliefs and character.




Markets & Macro news

Yield curve steepening





Big stimulus
All that money that is not spent yet is...


Everybody



...fuelling the most hated bull market



It's everywhere







Even Zombie companies




With some juice still in the tank





Druckenmiller says it best

Because the Fed is scared
Vaccine means



Inflation is coming (money will be spent)
Starting with housing



Food

Even energy is catching up

And the supply side is slower to recover than demand


Bubble or bull ?

Half of the world's economy is able to borrow freely now



History of manias reveal some common traits though
The big story is Bitcoin
On track to Plan B target

The crypto exchanges struggle to meet demand
Comparing Bitcoin previous bull runs
And the monthly Sharpe ratio is looking good


How to trade it : scale trading or investing

And price is not mean reverting but trending

It's not like Gold
More like Silver



























Themes, Sectors & Corporate news

We will need more Co2 friendly electricity


I see It's coming

Need more lithium batteries to store it

ALB, SQM, LTHM










Comments