Douglas Tengdin, CFA

Love this business: mailroom to trader to CIO to running my own RIA. Homeschool dad, Shakespeare fanatic. RT ≠ E.

[Douglas Tengdin, CFA @Tengdin]

This game never gets old ....

[Douglas Tengdin, CFA @Tengdin]

@MebFaber @unpopularvc Unionized workforce
Labor intensive
Intense government regulation

Seems pretty analogous.

[Douglas Tengdin, CFA @Tengdin]

@DanMegill It’s okay, your command of Claude probably impresses the boss anyway 😁

[Douglas Tengdin, CFA @Tengdin]

@mark_ungewitter Case could be made that Covid low was a reset for a new (steeper) trend channel.

[Douglas Tengdin, CFA @Tengdin]

@LizAnnSonders And yet the Fed tightens … kind of getting a Jean-Claude Trichet 7/7/08 vibe ….

[Douglas Tengdin, CFA @Tengdin]

@cullenroche It's called the "bums problem", because the bums issue more of the debt included in the index. Larry Siegel identified the problem 23 years ago in a #CFA Institute monograph: Benchmarks and Investment Management.(2003).

[Douglas Tengdin, CFA @Tengdin]

@choffstein Days are long, years are short b

[Douglas Tengdin, CFA @Tengdin]

@dampedspring Just this week?

[Douglas Tengdin, CFA @Tengdin]

Why own oil when you can own Exxon?

[Douglas Tengdin, CFA @Tengdin]

Chuck Grassley suggests that export controls on diesel could follow the example of export controls on soybeans in the '70s. How'd that work out? Growth of Brazil's soybean exports as an alternative to the US, thanks to Nixon's brilliant economics:

[Douglas Tengdin, CFA @Tengdin]

@QuietProsperity @ReformedTrader I run a negative quality screen *before creating sleeves for value, low vol, and momentum. Sleeves provide regime diversification. Quality screen eliminates junk.

[Douglas Tengdin, CFA @Tengdin]

@mark_ungewitter Price is old. Growing mold. Does it pay to be bold? Or is the tale told?

[Douglas Tengdin, CFA @Tengdin]

@mark_ungewitter The broader the base, the higher in space?

[Douglas Tengdin, CFA @Tengdin]

@Perth_Tolle Less China = More Korea

[Douglas Tengdin, CFA @Tengdin]

And this, my friends, is the kind of boring, German B2B company that can become a 100-bagger: https://t.co/QXs26IzJKx

[Douglas Tengdin, CFA @Tengdin]

@MebFaber I'm really glad I never moved anything to Altruist. This may be VG planning to roll out a new platform more broadly and then accidentally destroy it via incompetence. But I'm open to the idea that they are just buying Altruist to kill it. The end result is the same either way.

[Douglas Tengdin, CFA @Tengdin]

You think: “It can’t be that simple.” Then you look at the chart again and think, “Yeah, it really *is that simple.” #DC_Lite

[Douglas Tengdin, CFA @Tengdin]

@choffstein Somehow I’m hearing the “Empire Strikes Back” theme.

[Douglas Tengdin, CFA @Tengdin]

@mark_ungewitter "Long and worried" is my default setting.

[Douglas Tengdin, CFA @Tengdin]

Great article this morning from Cameron Crise. Note that raising rates is *not as restrictive as it used to be:

[Douglas Tengdin, CFA @Tengdin]

@choffstein I’d agree with except when I’m trying to get my adult kids to the restaurant downtown to celebrate their youngest sibling’s Navy OCS graduation and commission. They’re on the way. There’s a spot. I’m holding it.