[[The Trade Idea Thesis]]

[[Indicators]]

[[Axioms]]

[[Financial_Dictonary]]

[[The Business Cycle]]

[[Option Strategies]]

[[Technical_analysis]]

"" When I want to raise cash I put it into bershire hataways "" ....

declining yield make stock more attractive from a valuation perspective, debt easier to roll over ...

Q1 = Janvier,Fevrier,Mars
Q2 = Avril,May,Juin
Q3 = Juillet,Aout,Septembre

# Hedge Fund Exemple
- XYZ Fund as 100,000,000 $ as AUM
- Typically hold 25 Long & 25 Short
- Self imposed 2% position limit - no position over 2M
- Charged investor a 2% Management fee and a 20% performance fee thus making 2M in fee and (0.20 * 2M) 4M in performance fee.
- 50% of performance fee reinvested into fund


# 11 Major Sector

 | Real Estate                | Cyclical        |
 | Health Care                | Value/Defensive |
 | Financials                 | Cyclical        |
 | Utilities                  | Value/Defensive |
 | Consumer Defensive/Staples | Value/Defensive |
 | Consumer Discretionary     | Cyclical        |
 | Communication Services     | Cyclical        |
 | Technology                 | Growth          |
 | Materials                  | Cyclical        |
 | Energy                     | Value/Cyclical  |