A Reminder:

Three ideas stand out in the investment landscape:  1) Peak conventional oil production is still real, with the higher price deck and technological advancements changing the game.  2) The industrialization of China and the emerging markets growth with their raw materials consumption and attendant disruption.  3) The credit bubble and the money printing saga continuing.

As we navigate trying to understand the investment world, this blog tries to wade through the sludge to improve our understanding.  I post anonymously.  In the spirit of pioneering financial writers from Larry Livingstone to today’s blogosphere, I use the my pen name J.J. Butler.  Eighty years ago (pre-SEC!) a real J.J. Butler wrote the booklet Successful Stock Speculation for his brokerage firm.  Enjoy!

Meanwhile,  Michael Steinhardt:  “You can’t avoid being specific, you can’t avoid picking something.  Asset classes are not a way to get rich.”  Investment commentary on the market direction and asset classes seems ubiquitous to the exclusion of individual security insight.  Thus the Independent Stock Analysis has been born.