Wall Street – “I can’t help myself,” Mike Braden, founder and portfolio manager of Braden Capital Management stated. “Whenever I listen to Lil Boosie I recklessly trade stocks.
Mike Braden started Braden Capital Management in 2014 with his own capital and opened the hedge fund to outside investors in 2017. Since 2017 assets under management (“AUM”) has grown 7-fold, hitting $500 million at the end of 2019. Braden Capital Management invests in small-cap stocks and has a growth at an attractive price style.
“I’ll be having a normal day at the office,” Mike stated. A normal day for Mike consists of building boring discounted cash flow models, reading through transcripts and putting buy orders in for stocks he likes. “Then Lil Boosie will start playing on my Spotify and everything will change.”
Whenever Mike listens to Lil Boosie he begins to recklessly trade stocks. “I simply can’t help myself. I’ve blocked Lil Boosie from playing on my Spotify seven times. Any time Lil Boosie starts playing I just go crazy and start trading options and levered ETFs like a degenerate.”
“I have no idea what gets into him,” Tyler, an equity analyst a Braden Capital Management stated. “Mike will start blasting Bank Roll by Booise and his entire investing approach will change. He becomes this macho degenerate day trader.”
Despite the recklessness, Braden Capital Management has had its best years solely from Mike recklessly trading stocks when listening to Lil Boosie.
“I went all in and shorted the United States Oil ETF (“USO”) on a hunch a few weeks ago and just killed it,” Mike said. “I also bought Straight Path Communications (“STRP”) right before its meteoric rise when I was listening to Boosie.”
Traders on Wall Street have learned of Mike’s success and have tried emulating his strategy. Lil Boosie has recently become the most downloaded rapper in New York City.
“I listen to Boosie daily when I trade oil futures,” Donovan Dudas, oil trader stated. “So far I know more about selling drugs than trading stocks but I’m still hopeful.”