CMG Capital Management Group CEO Steve Blumenthal has published a provocative investment analysis piece called Are we living in an “Acey Deucey” world? in Proactive Advisor Magazine.
Proactive Advisor Magazine is dedicated to providing a look at important active investment management topics. Distribution reaches over 100,000 financial professionals who advise clients on investments and portfolio management. Proactive Advisor’s mission is to provide leading-edge content that informs investment advisors about the benefits of dynamic, risk-managed investing
Excerpt from the story:
Remember the card game called Acey Deucey? You are dealt two cards and you split them. The dealer would then flip a third card. If that card number fell in-between your two cards, you’d win the pot. If you lost, you’d have to double the amount of money in the pot and the turn would move to the next player. The best combination was an Ace and a 2 (or deuce). This gave you the best odds to win but nonetheless a risk it was and nerves were tested – especially the bigger the pot grew.
It kind of feels a bit like Acey Deucey today except we are holding a 5 and a 10. As much as I know about global currency flows, valuation, supply and demand dynamics, and human behavior, I can’t help but wonder what it is that I don’t know. We live within a highly complex system with many moving parts.
See the full story Are we living in an “Acey Deucey” world? (starting on page 4) in Proactive Advisor Magazine.
