Markham Gross

Futures Trader (rules based / systematic), Pilot, Programmer, Skier, Mtb Biker.

[Markham Gross @MarkhamGross]

Does anyone think this reduces carbon?

[Bob Allen @CaptBob_Nomadic]

We just paid 7k to purchase carbon credits for the few flights we did in the UK in 2025. Cost 3-5K just to have a company report and manage the credit scheme on our behalf. Thats the UK, we have to do same for EU and we have 10 times the flights there. Does anyone really think this crap reduces carbon? It’s a tax revenue for govts and money making scheme for the companies selling carbon credits.

[Markham Gross @MarkhamGross]

@micsolana I feel like I’ve read this book before.

[Markham Gross @MarkhamGross]

@gfc4 @jackschwager This is Great, George! Congratulations to you and Jack on the book coming out. I look forward to reading it and adding it to the library.

[Markham Gross @MarkhamGross]

Headlines like this actually get me excited.
https://t.co/tq8t0u4wfn

[Markham Gross @MarkhamGross]

@realEstateTrent 💯

[Markham Gross @MarkhamGross]

I recently looked at a “diversified” portfolio of 7 ETFs and mutual funds for someone. Ran monthly return correlations against S&P500 ETF, which was one of the seven. Correlations of the other six: 1) 91%, 2) 97%, 3) 74%, 4) 100%, 5) 86%, 6) 87%. “Diversified”?

[Markham Gross @MarkhamGross]

The most robust portfolios have several non-correlated return streams. That is they perform independently of each other. Not opposite of each other as that would be a hedge. A bunch of different stocks is not truly diversified.

[Markham Gross @MarkhamGross]

To take money out of the markets (extract profits) over the long term, you must accept some psychological and financial pain along the way. Long-term growth is not a straight line with anything in life.

[Markham Gross @MarkhamGross]

@matt_lorelli Saw a track in Banana

[Markham Gross @MarkhamGross]

@orenjacob @palisadestahoe Definitely some good runs up there!

[Markham Gross @MarkhamGross]

@ClintFiore Northern NV is pretty nice for these things.

[Markham Gross @MarkhamGross]

@atmosinvest Reminiscences of a Stock Operator, Market Wizards, New Market Wizards, Trend Following. Those all influenced me early on and I think I probably read them in that order. Also Antifragile. What do you recommend?

[Markham Gross @MarkhamGross]

Uncertainty is a major piece of the investing puzzle. Strategies and systems need to be able to handle uncertainty.

[Markham Gross @MarkhamGross]

Fun flying.

[Markham Gross @MarkhamGross]

@nntaleb Lift weights and ride bikes. Mountain bike (enduro over cross country) might also be more robust type of full body training relative to road.

[Markham Gross @MarkhamGross]

@pkedrosky Supply is restricted by government while demand is more and more subsidized by government. Higher costs for less quality is always the result of that. In a free market, high quality practitioners can still make just as much if not more.

[Markham Gross @MarkhamGross]

@pkedrosky Father was a doc and agreed with this opinion. Medical care is not currently a free market.

[Markham Gross @MarkhamGross]

@UCFGonzo Congrats!

[Markham Gross @MarkhamGross]

Easy - diversified Trend and it would be a large allocation.

[Meb Faber @MebFaber]

Successful entrepreneur sells their biz, puts proceeds 80% into S&P, 20% into T-bills.

You get to make only one addition (asset class or strategy) to their portfolio that will improve their risk adjusted returns.

What is it?

[Markham Gross @MarkhamGross]

Funymentals

[Sam Parr @thesamparr]

Reminder: no one knows anything and we're all morons.