This morning I will be landing in Buenos Aires, Argentina. I have never been and am really looking forward to the experience. I will be speaking to Fintech entrepreneurs as part of the NXTP conference. I will be speaking about my experiences investing in the markets and Fintech. While the Russians seem to be in …
From: December 2016
Investing is Art and Science
Morgan Housel had another great piece entitled ‘The Art and Science of Investing‘. I like this part the most: Building a valuation model is a science. Calibrating it to reflect the psychology of uncertainty is an art. Gathering information is a science. Filtering out noise is an art. Net present value is a science. Identifying …
Fake News CNBC Style
Here is a summary of the markets for 2016 on CNBC: January—- 😳😩😡😱📢 December— 💊💪🎈🎉🇺🇸💰 While CNBC ‘entertained’ many companies gained traction with the next generation of investors. I am proud of our Stocktwits team and Social Leverage’s financial services portfolio companies that focus on making the markets easier to understand and participate in. In …
Donald Trump Takes Credit for Stock Market Rally…Please Sell Something
We are near some sort of crisis. I would love to be wrong. The melt up we are seeing in stocks is wonderful. I love it. I am #winning. Even better, Donald Trump sold all his stocks in June of this year so he is NOT #winning. Yesterday, Trump told Time Magazine that he hopes …
The Banks are Speaking…and Scheming and Hoarding and Fleecing
Yes more on banks today… The banks are talking, but the bankers are quiet. I do not blame them. Unlike Trump…they know to keep their mouths shut when the going is good. $GS biggest two month rally since the financial crisis — uranium pinto beans (@UPB) Dec. 6 at 10:31 AM The price action remains …
Free Bernie Madoff and Bring Back Bear Stearns and Lehman Brothers
Today financial stocks closed just 4 percent below their 2007 bull market peak. This same index was down over 80 percent in march 2009: Financial stocks are now 4% below the October 2007 bull market peak. They were down over 80% in March '09. $XLF — Charlie Bilello, CMT (@charliebilello) Dec. 5 at 02:45 PM …
We Give Machines Too Much Credit When It Comes To Investing…and Why is Everyone so Angry?
If anger was a stock we would be at 20 plus year highs. Anger is trending. It is breaking out to new highs daily. Today, Bloomberg released a ‘Pessimist’s Guide to 2017‘. It must be nice to make $2 billion a year and have your journalists pontificate about the future of misery we have in …
AngelList and Product Hunt…Smart!
Last week AngelList bought Product Hunt. I am always bullish on AngelList and Naval. I really like Ryan Hoover and Product Hunt so I am excited for how it all comes together. I like this piece on the deal. This is the key: “The amount of traffic Product Hunt drives is pretty remarkable,” Yaseen said. …
Conviction…The Entreprenuering and The Investing Life
Fred posted a really good speech on ‘conviction’ by Jeff Lawson the founder and CEO of Twilio ($TWLO). My favorite part is when Jeff talked about A/B testing and data. The data is important, but being really useful and having style will always matter. Here it is. I like the word conviction. Jeff left other …
The Bond Market Hates Donald Trump
The only sure thing about this election was that neither party was going to #draintheswamp. Middle America thought Donald would #draintheswamp ….what he did was #drainthebondholders and officially put Goldman Sachs is back in charge of the world. Emperor Donald is old, an ass, a bully, selfish and he seems insane, but he has a …