Before You Trust a Strategy

The piece frames every investment threshold—moving from simulation to live markets, earning a promotion, or leaving a firm—as a question of whether a person can “make it through” losses. Trust, it argues, isn’t in a strategy, title, fund, or even other people, but in one’s ability to adjust size, halt a strategy if needed, and rebuild while staying connected to relationships during change. After discussing recent tension between energy and equities, the author says energy took the lead. It reports holding long positions in heating oil and Brent crude, citing specific technical developments: NYMEX Brent breaking a 7-month pattern and January WTI crude targeting the 114.87 level. It also references progress in feeder cattle, lean hogs, London cocoa, and white sugar.