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Hugh Hendry Eclectica

@hendry_hugh

10 Feb

You want to be a macro hedge fund trader? Imagine the hypothetical. You’re taken to a psychiatric ward. There‘s a girl, sitting naked on the floor. She’s rocking. She’s not spoken to anyone for months. What do you do..?

RD Laing a rockstar psychiatrist popular in the psychedelic late 60s went into the room, stripped off naked and started rocking with her. Within 20 mins they were chatting. Ronnie would have made an awesome macro trader...

Read 7 tweets

Hugh Hendry Eclectica

@hendry_hugh

8 Feb

Flashback - me in China - 2008. China has 5% world’s land, 20% world’s population, > 15% world GDP and 70% world’s high speed rail system. Farm land with a ticket to go faster than necessary. The US has locomotives... think of two Chinas doing exactly the same thing.

Only difference is accounting. In one China if you invest $100m in a project that is only worth $20m you write the project down to $20m. In line with what other countries do. In the other China, you invest $100m in a project that’s only worth $20m and you carry it at $100m.

In accounting terms the first China will show a much lower GDP and a lower GDP growth rate than the second. We live in the second China. The GDP number they report is much higher than the GDP number of the first.

Read 5 tweets

Hugh Hendry Eclectica

@hendry_hugh

6 Feb

A lot of you are invested in uranium. I commend you. I wish I was.

Uranium is the rockstar of commodities. It doesn't mess around - bull and bear markets are of epic proportions.

The 1970s peak of $42 slumped to $10 where it stayed a long time before our generation's exuberance, and the helping hand of necessity, took it to $80 - something better than great sex ?? you made 50x your money in some of the spec junior miners...50x!!

Read 17 tweets

Hugh Hendry Eclectica

@hendry_hugh

30 Jan

Quite you say? I’ll give you quite. I don’t do cheesy music. When I’m pounding the sand burning off the tequila and the virus I’m listening to Mr Motivator by IDLES...here’s what I hear

Repeat after me
I am I
And I intend to go go go
Like Conor McGregor with a samurai sword and roller blades Like a hedge funder declaring he’s morally and intellectually bankrupt on his sunny Caribbean island
How d’you like them clichés???

Now turning to end of week stuff. Don’t stop the game and don’t protect #hedgefundelite. Buying crappy co.s and bidding them to preposterous valuations is almost DaDaism and the kind of nihilism you find around fin de siècles or at least in The Joker movie.

Read 14 tweets

Hugh Hendry Eclectica

@hendry_hugh

28 Dec 20

Ok...let's do this. I'm going to start a live cast in 2021. I'm inviting you to present your best trade idea at my investment strategy committee. I'm going to be helped and assisted by my former investment partners Tom Roderick and George Lee

Want to become an eclectica investment analyst? You got to have an idea, think Peter Lynch and One Up ON Wall St. To apply you have to subscribe to youtube.com/channel/UCs4X8…

Then you got to submit your idea on the contacts page of my website hughhendry.com/contact/

Read 7 tweets

Hugh Hendry Eclectica

@hendry_hugh

18 Dec 20

I’ve been reading and thinking again...

A stylish person is consciously concerned about their appearance and tends to conform to the latest fashion.
Style however is unconscious, many prefer timeless.

I spent my youth literally sifting through inventories of timelessness seeking a path to leave my grey world behind

Style was a way of existing, a life full of possibility, of everything that life can afford, of everything that I lacked at the time. I made a pact with myself.

Read 20 tweets

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