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The day I nearly died – Q2 2019

Watching waves crash can have a very peaceful, calming effect on most people… The rhythmic, circular motion of massive energy passing through enormous bodies of water manifesting as thunderous booms or tiny ripples at the sandy shoreline; for those who have never experienced them, I would recommend you give them a try. The wind, the sounds, the salt air,…

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Navigating Rip Currents – Q2 2019

As discussed above, if you break down what we do here at Other Side Asset Management every day, in its most simplistic form, is weigh and manage risk vs. reward… We look for things most people aren’t paying attention to, we’ve described it as spotting cracks in the damn before the damn gives way. (or before the bottom falls…

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“Margin of Safety” – Q2 2019

When people in the investing community read those three words, they typically think of investing legend Seth Klarman and his book “Margin of Safety”; while they should be thinking of his likely inspiration, Benjamin Graham’s timeless piece, The Intelligent Investor, Chapter 20: “Margin of Safety” as the Central Concept of Investment. I’m embarrassed to say it’s taken me 23…

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Coming to America! – Q2 2019

Speaking of breached… Many academics believe central banking officials around the globe are making policy decisions on a whim. We continue to argue that they have become slaves to their years of blunders and mismanagement beginning with Greenspan’s reaction to the 1987 crash tying interest rate policy to asset prices. In the minds of central bankers, lowering interest rates…

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Desperation – Q2 2019

Is what we are currently seeing out of the Fed and other global central banks and while lower interest rates will likely yield higher asset prices (in the short term) – odds are it won’t manifest in the traditional measures used by academic. Garbage in garbage out; when your input is crap your output won’t be much better; try…

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