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Note this page was written Jan. 2008. Since then my economics professor Leonid Hurwicz, mentioned below and one of the most original minds of last century, passed away (June 2008).
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Ricky invested in penny gold mine stocks (with prices less than one dollar) Jan. 2001, before 9/11 borrowing from his Citibank Credit card at 15%. Now he has a fixed rate for good on that loan of 1.9%. Since then the price of an ounce of gold has gone up from around 200 to 900. Prices of Penny stocks have grown even more, 20 times bigger for example. Just in the first two weeks of 2008 he has made 5000 dollars by borrowing again $20000 from his credit cards. For six years he has been telling only his closest friends to buy gold or gold mine stocks and lately to get rid of any other investment. He predicted in 2001 the meltdown in the housing market in the USA that will have serious negative consequences in the world including Canada.
Now Ricky is offering his Monthly Financial Newsletter in plain language. This is an alternative to taking University level Introductory Macroeconomics or Microeconomics. Actually what you learn wil go beyond what is taught in such courses. The Newsletter will be selfcontained and will focus on the essentials that may help you decide on what is best when managing your own investments and it is based based on his own research and success.
Currently Ricky trades in the stock market where one could say he is the only one that combines frontier knowledge in monetary economics, intuitive commentaries of the best Wall Street commentators and academic and business experience. He holds a PhD in Economics at the University of Minnesota, placed number 7th in the world in the 90-s when he started his Master and PhD. Ricky attended courses by the leading researcher in monetary economics Narayana Kocherlakota professor at U of Minnesota and he is aware of recent research by Nobuhiro Kiyotaki at London school of economics and he himself is doing research at the frontier of this field. Ricky is in constant communication with the last Nobel prize laureate for Economics, Leonid Hurwicz, a former professor of his, and has presented papers in the best conferences in economics (Econometric Society Meetings) and game theory (Stony Brook Festivals).Three Nobel prize laureates in Economics have attended his presentations: John Nash, "the star in Beautiful Mind", Roger Myerson and Robert Aumann. You can see the movie Beautiful Mind to get an idea of what game theory is about. Game theory studies situations with strategic social interaction, when the optimal action an agent chooses depend on another agent's optimal action and viseversa. Economists are starting to realize that this is the social science of the future. He has taught for several years in American and Canadian Universities courses in Macroeconomics, Monetary theory, Financial markets and Game theory.
His research, that deals with the most complex social issues since ancient times, has a personal motivation. He wants to understand why groups form and in particular, when enforcement is necessary and effective to achieve social goals. In particular, he wants to know why wars occur even though "resources are wasted in the production of weapons", what the role of the enforcement technology industry in current world problems is, when politicians and Central Bankers get corrupted. His apparent unrelated conjecture is that the answers to the latter quesions will help him figure out the reason his strategy in the stock market has been so succesfull. So far his results, that he does not intend to publish yet for obvious reasons, has proved him right.
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One time update, weekly, daily etc.
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One Hour Consulting
Please call Ricky at 506-389-8564 or email at ricky@dancewithricky.com
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Disclaimer:
This weekly letter, updates or other consulting services are not intended to fit your particular personal finances. Nothing contained in it constitutes, is intended, or deemed to be -- either implied or otherwise -- investment advice. This letter is based on Ricky's personal research. While the information is believed to be accurate and reliable or complete it is not guaranteed or implied to be so. It is provided in good faith but without any legal responsibility or obligation to provide future updates. Ricky does not accept any responsibility, or assume any liability, for any direct, indirect or consequential loss arising from the use of the information in this letter. The information is subject to change without notice, may become outdated and won't be updated. Ricky may have positions in securities mentioned, or discussed, in it. He will do his best to avoid conflicts of interest, however such conflicts do arise from time to time. Whenever the latter occurs, he will do anything feasible for him to resolve such conflict in the best interest of all parties without favoring or discriminating against anybody. No part of this letter may be reproduced, copied, emailed, faxed, or distributed (in any form) without my express written permission. The letter is subject to copyright protection. Finally, nothing in the letter should be construed as a solicitation to either buy or sell any securities.
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