Managing Editor, The Black Swan Portfolio
Contributor's Links: The Black Swan Portfolio

I’m Bram de Haas. I seek downside protection and upside optionality through idiosyncratic, truly differentiated investments.

Investing, like poker, is all about taking calculated risks. I research investment opportunities far off the beaten path for my benefit and that of my ... more

ALL CONTRIBUTIONS

E Book Review: Deep Risk
Book review of Deep Risk by William L. Bernstein. The book gives knowledge on how to position a portfolio in the face of the 4 categories of deep risks that can truly devastate an unprepared portfolio.
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E Bitcoin: Financial Elites Are Getting Involved
Christine Lagarde recently held a speech and Bitcoin was one of three important subjects. She appeared to be extremely well informed. Meanwhile, Goldman Sachs Lloyd Blankfein and Blackrock's Larry Fink are also in the know.
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E Lots More Than Aspirin: What You Should Know About Bayer
German conglomerate Bayer can best be described as a pharma/medical business and it trades at a steep discount to peers. The conglomerate is attractive because it is not very expensive at 16x free cash flow.
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E 7 Things You Need To Know Before Investing In The Next Hot ICO
Companies issue cryptocurrency instead of shares to fund their growth in ICOs. There are many similarities but also important differences with the traditional IPO. Here are seven things you need to be aware of.
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Initial Token Of Skepticism
After calling cryptocurrencies a bubble, Mark Cuban is now spearheading a fundraising effort.
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EC Why I'm Slashing My S&P 500 Exposure
Five reasons to start slashing S&P 500 exposure now while everyone else is still cheering and happy to pay high prices.
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Comments

Latest Comments
Why I'm Slashing My S&P 500 Exposure
5 months ago

Really good question Fabrizio. Maybe it's helpful to realize historically the range for the U.S. has been between 35% and 149%. Obviously 132.9% is much closer to the high end of the range.

In this article: SPY, SPX
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STOCKS I FOLLOW

AABA Altaba Inc.
AAP Advance Auto Parts Inc.
AAPL Apple Inc.
ABX Barrick Gold Corporation
ACAS American Capital Ltd.
AEG AEGON N.V.
AGCO Agco Corporation
AGN Allergan Inc.
AJX Great Ajax Corp
AKAAF AKER ASA A SHS
ALIOY ACTELION LTD
AMZKF AUTOMODULAR CORP
AMZN Amazon.com Inc.
ANF Abercrombie & Fitch
APOL Apollo Education Group Inc.
ARCC Ares Capital Corporation
ARCVF ARCADIS NV ORD
ARKR Ark Restaurants Corp.
ARO Aeropostale Inc.
ASFI Asta Funding Inc.
ATUSF ALTIUS MINERALS CORP
ATVI Activision Blizzard Inc
AWX Avalon Holdings Corporation
AYA Amaya Inc.
BABA Alibaba
BAC Bank of America Corporation
BAMM BAMM
BEAM Beam Inc.
BEN Franklin Resources Inc.
BIDU Baidu, Inc.
BLERF BLACK EARTH FARMING
BLK BlackRock Inc.
BORN China New Borun Corporation
BTCS BTCS Inc
BTFRF BETFAIR GROUP PLC
BTN Ballantyne Strong, Inc.
BWX SPDR Barclays Capital International Treasury Bond ETF
BX The Blackstone Group L.P.
C Citigroup Inc.
CAT Caterpillar Inc.
CGUSY Casino Guichard Perrachon
CMG Chipotle Mexican Grill Inc.
CMPGY COMPASS GRP SPON ADR
CMPR Cimpress N.V.
COIN Converted Organics Inc.
CSNVY CSM NV ADR
CSX CSX Corporation
CTB Cooper Tire & Rubber Co.
CTHR Charles & Colvard Ltd
CTRL Control4 Corporation
CVX Chevron Corporation
CYOU Changyou.com Limited
DB Deutsche Bank AG
DBB PowerShares DB Base Metals Fund
DCO Ducommun Inc
DE Deere & Company
DEO Diageo plc
DGL PowerShares DB Gold Fund
DGLD VelocityShares 3x Inverse Gold ETN
DGP PowerShares DB Gold Double Long ETN
DGZ DB Gold Short ETN
DHT DHT Holdings Inc.
DHX Dice Holdings Inc.
DIS The Walt Disney Company
DRAD Digirad Corporation
DRTGF DART GROUP PLC
DSL DoubleLine Income Solutions Fund
DSWL Deswell Industries Inc.
DWA Dreamworks Animation SKG Inc.
DYN Dynegy Inc.
DZZ PowerShares DB Gold Double Short ETN
EBAY eBay Inc.
EGHT 8X8 Inc
ESEA Euroseas Ltd.
ESGR Enstar Group Limited
ESSX Essex Acquisition Corp
EVLV Evolve Software Inc
EXC Exelon Corporation
EXPD Expeditors International of Washington Inc.
F Ford Motor Company
FB Facebook Inc
FCAU Fiat Chrysler Automobiles NV
FCN FTI Consulting Inc.
FCZA First Citizens Banc Corp.
FIG Fortress Investment Group LLC
FLL Full House Resorts, Inc
FPI Farmland Partners Inc.
FRO Frontline Ltd.
FRS Frisch's Restaurants, Inc
FURGF FURGO NV EUR .20 ORD
FXCNY FOXCONN INTL HLD ADR
GBTC Bitcoin Investment Trust
GDX Market Vectors Gold Miners ETF
GDXJ MARKET VECTORS ETF TRJR GOLD MINES
GE General Electric Company
GEUR AdvisorShares Trust
GFSZY G4S PLC UNSP ADR
GILD Gilead Sciences Inc.
GIM Templeton Global Income Fund Inc.
GLD SPDR Gold Trust ETF
GLL ProShares UltraShort Gold
GLNG Golar LNG Limited
GLRE Greenlight Reinsurance Ltd.
GLTR ETFS Precious Metals Basket Trust
GM General Motors Company
GOL GOL Linhas Areas Inteligentes S.A.
GOOG Alphabet Inc. (Google)
GOOGL Google (A shares)
GRVY GRAVITY Co. Ltd. - American depositary shares each representing one
GTU Central GoldTrust
GYEN AdvisorShares Gartman Gold/Yen ETF
HCP HCP Inc.
HDGE AdvisorShares Active Bear ETF
HDV iShares Trust
HEINY HEINEKEN NV ADR
HELE Helen of Troy Limited
HF HFF Inc.
HGT Hugoton Royalty Trust
HLF Herbalife Ltd.
HLS HealthSouth Corporation
HPQ HP Inc.
IAU iShares COMEX Gold Trust
IBKR Interactive Brokers Group Inc.
IEF iShares Lehman 7-10 Year Treasury Bond Fund
IGT International Game Technology
INT World Fuel Services Corporation
INTC Intel Corporation
ITG Investment Technology Group Inc.
IVV iShares S&P 500 Index Fund
IVW iShares S&P 500 Growth Index Fund
IWM iShares Russell 2000 Index Fund
JCOM j2 Global Inc.
JNJ Johnson & Johnson
JPM JPMorgan Chase & Co.
JURIF JURIDICA INV LTD
JW.A John Wiley & Sons, Inc.
KGFHF KINGFISHER NEW ORD
KING King Digital Entertainment
KKPNY ROYAL KPN N.V.
KMI Kinder Morgan Inc.
KMP Kinder Morgan Energy Partners L.P
KO The Coca-Cola Company
KT KT Corporation
LKST Leukosite Inc
LLSC Direxion Daily Small Cap Bull 1.25X ETF
LOOK LookSmart Ltd.
LVS Las Vegas Sands Corp.
MANU Manchester United Ltd.
MAORF MANDARIN ORIENTAL IN
MAT Mattel Inc.
MCD McDonald's Corporation
MCHP Microchip Technology Incorporated
MFIN Medallion Financial Corp.
MGM MGM Resorts International
MGT MGT Capital Investments Inc
MKC McCormick & Company Inc.
MN Manning & Napier Inc.
MO Altria Group Inc.
MPET Magellan Petroleum Corporation
MSFT Microsoft Corporation
MSG The Madison Square Garden Company
MYNG GOLDEN EAGLE INTL
NC NACCO Industries Inc.
NTDOY NINTENDO CO LTD ADR
NWS News Corporation
NWSA News Corporation
OAK Oaktree Capital Group
ODP Office Depot Inc.
OPK OPKO Health Inc.
ORCL Oracle Corporation
OSTK Overstock.com Inc.
OUNZ Van Eck Merk Gold ETF
PALL ETFS PHYSICAL PALLAD
PEP PepsiCo Inc.
PFBI Premier Financial Bancorp Inc.
PG Procter & Gamble Co.
PHYS Sprott Physical Gold Trust
PMD Psychemedics Corporation
PNRA Panera Bread Company
PPLT ETFS Platinum Trust
PRDSY PRADA SPA ADR
PRSS CafePress Inc.
PRXI Premier Exhibitions Inc.
PSHZF PERSHING SQUARE HLDGS LTD
PSX Phillips 66
QQQ PowerShares QQQ Trust Series 1
RELL Richardson Electronics, Ltd.
RGLD Royal Gold Inc.
RL Ralph Lauren Corporation
ROYT Pacific Coast Oil Trust
RSXJ Market Vectors ETF Trust
RWM ProShares Short Russell2000
RYCEY ROLLS ROYCE GRP ADR
RYRSX Rydex Dynamics Fds Russell 2000 2X Strategy Fun
SCAP AdvisorShares Cornerstone Small Cap ETF
SCTBY SECURITAS A B ADR
SD SandRidge Energy Inc.
SE Spectra Energy Corp
SEA Guggenheim Shipping ETF
SF Stifel Financial Corporation
SGDJ ALPS Sprott Junior Gold Miners ETF
SGOL ETFS Physical Swiss Gold
SHLD Sears Holdings Corporation
SIG Signet Jewelers Limited
SLRC Solar Capital Ltd.
SLV iShares Silver Trust
SLW Silver Wheaton Corp.
SMLL Direxion Daily Small Cap Bull 2X ETF
SPHB PowerShares Exchange-Traded Fund Trust II
SPLV PowerShares Exchange-Traded Fund Trust II
SPY SPDR S&P 500
SQZZ Short Squeeze ETF
SRTY ProShares Indices
SSTK Shutterstock, Inc.
STRZA Starz
SVVC Firsthand Technology Value Fund Inc.
SWGAY SWATCH GROUP AG ADR
SWM Schweitzer Mauduit International Inc.
SWN Southwestern Energy Co.
TETAA TETON ADVISORS INC
THM International Tower Hill Mines Ltd
TIPS TIANRONG INTRNET PRO
TMOAF TOMTOM NV AMSTERDAM
TMOAY TOMTOM NV ADR
TNA Direxion Small Cap Bull 3x Shares
TRGAF TRIGON AGRI A/S
TRMR Tremor Video, Inc. (now Telaria)
TRNS Transcat, Inc.
TSLA Tesla Motors Inc.
TSN Tyson Foods Inc.
TWM ProShares UltraShort Russell2000
TZA Direxion Small Cap Bear 3x Shares
UBAAF URBANA CORP
UBG E-TRACS UBS Bloomberg CMCI Gold ETN
UGL ProShares Ultra Gold
UGLD VelocityShares 3x Long Gold ETN
UNP Union Pacific Corporation
URTY ProShares UltraPro Russell2000
UWM ProShares Ultra Russell 2000
VIVHY VIVENDI SA ADR
VLKPY VOLKSWAGEN AG PFD SH
VOPKF KONINKLIJKE VOPAK NV
VRX Valeant Pharmaceuticals International Inc.
VTWO Vanguard Russell 2000 ETF
WGBS WAFERGEN BIO-SYSTEMS
WIT Wipro Limited
WLB Westmoreland Coal Co
WMCR Wilshire Micro-Cap ETF
WTW Weight Watchers International Inc.
WYNN Wynn Resorts Limited
XOM Exxon Mobil Corporation
XPL Solitario Exploration & Royalty Corp
ZAGG ZAGG Inc
ZINCQ Horsehead Holding Corp.
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Work Experience

Managing Editor
The Black Swan Portfolio
May 2015 - Present (2 years 8 months)

Seeking downside protection and upside optionality through idiosyncratic truly differentiated investments.

Beherend vennoot
Schildpad & De Haas Investeringen
2015 - Present (3 years)

Beherend vennoot van de CV Schildpad en de Haas. De naam verwijst naar de fabel van Aesöp over een haas die een race verliest van een schildpad.

Self Employed
De Hass Investments
2015 - Present (3 years)

Independent equity research available through the Seeking Alpha platform: "Off The Beaten Path" covering obscure companies with little or no sell-side coverage on them. Bespoke research for hedge funds / buy side

Self Employed
Gosupress
January 2011 - 2015 (5 years)

Online publishing / writing / marketing / content. Built out a content portfolio and managed websites.

Education

NIBE-SVV
DSI Beleggingsadviseur
2010 / 2011
Investments and Securities
Amsterdam University of Applied Sciences
2000 / 2006
Publishing

Publications