A diary of the thought process behind my investment decisions
Groucho Capital Observer
I have slightly added to my hedges and will use further strength to reduce exposure. I remain in a medium sized net long position but am hoping to be able to reduce it. I have been bullish for months while the crowd was looking for the end of the world. Like Groucho Marx I don't want to be part of a club that would have me and the bull side is starting to feel crowded.