Our kindergarten teacher once told my mother that she thought I was a “մտավոր հետամնաց (mentally lagging)”. Couple weeks later we were given small paragraphs to learn for a performance. I brought home the handwritten piece of paper so my mother could teach me what I had to say. She instead corrected seven or eight grammatical and spelling errors with red ink and asked me to take it back to the teacher…

In response to a recent post from Jeff Watson, I said “I don’t believe markets can be accurately predicted. I have not yet seen any evidence that proves me wrong and would appreciate learning from those who have access to such science or methods. Markets are not subject to natural laws. My objective is to lose as little purchasing power over time as possible. I have not found a way to accurately [and consistently] predict even a single future price.”

Rocky Humbert, the legendary speculator and curmudgeon, promptly responded with “I tend to agree with you, but…

My beautiful wife runs the Armenian Sunday school at our church. Last night was their main annual fundraiser. This time I was helping an Armenian family originally from Iran make the koobideh. In the process I heard their story of running from Iran, walking fifteen days in a desert to Pakistan, running from Pakistan to Singapore, from there to Germany as refugees, from there to the United States…

I have been thinking about the concept of time a bit recently. Even though we get exposed to it from an early age, it is not an easy concept to internalize. While I am still learning what time really is, I understood it a bit better after my mother fell victim to cancer. Let me give you a few examples of what I mean by understanding time. I implemented a few systems in the past and although my work was done in months, the result of my work…

Daily Speculations is a blog mainly about the markets but hidden under the market context there are very interesting experiences, lessons, and thoughts about life in general. I have recently joined the discussion and hope to add my modest contribution (you can find what I have said so far by clicking on Legacy Daily in the list of the names on the left)…