A Change in Format
05/18/2007 3:42 PM
Come a little bit closer
Hear what I have to say
Just like children sleepin'
We could dream this night away.
But there's a full moon risin'
Let's go dancin' in the light
We know where the music's playin'
Let's go out and feel the night. -- Harvest Moon, Neil Young
A couple weeks ago, I'd awoken in a fit of stress about missing a trade for both my investors and my readers. It was what David Morrow calls the "Edith Wharton time of the night", and I sat in the bright full moonlight and street light illuminating my apartment in Soho.
I started reading Neil Young's interview in this month's Rolling Stone that's yet another anniversary for the magazine to celebrate itself. In it, he talks about how, if you're gonna make a serious change in your life, you need to wait for the full moon and then change it.
That very day, I'd been discussing making some changes to this trading blog as well as the vision and opportunity for building a community across not just RealMoney, but StockPickr's Answers section, TheStreet.com and other platforms, with James Altucher, David and others. And there was that full moon blasting down on me, chiding me to make a change.
As many readers have noted and asked about over the past year, I've got an awful lot on my plate. My day job is running money. But I also write a trading blog on TheStreet.com as well occasionally at a few other places like the FT. I get to write about running people's money, along with politics, geopolitics, technology trends, rock n roll and depending on the the situation, just about anything else that crosses my mind. And last May, when I'd gone mostly to cash and Microsoft common and calls, I took on a lot of new projects too. I teach Revolutionomics at Seton Hall, I launched the RevolutioNetwork, I do a lot of TV and other media, and I've even got a book deal in the works for something in 2008.
And I run money.
These days, I'm running that money more as long-term investment money than as aggressive trading money. I'm positioned for a potential echo techo bubble by using some common and some long-dated calls. I'm also using a lot of pair trading themes like the long semi's/short semi suppliers so that my net long exposure isn't much right now.
The upshot is that I'm going to shift formats a little bit here. Today is the last day of this trading blog. I'm going to be writing a daily column for RealMoney.com, some of which will be part of a series or two of themes that will be featured on TheStreet.com too. I'll also be much more active on CodyWillard.com and especially in Columnist Conversation, which I'll almost always combine with StockPickr's Answers section to further the community and collaboration potential that we've just now started tapping.
Thanks so much for having helped me build this blog over the last year. I always tell my students and colleagues that sometimes we have to tear things down to build them back up. So it goes.
Keep on rockin in the free world, as I wrote in my first blog post. I'll see you Monday, just in a different spot.
At the time of publication, the firm in which Willard is a partner was long Microsoft, although positions can change at any time and without notice.