I am excited to be back on Coronado for the 4th of July. It is one of the best places in America to feel the spirit of the holiday. I don’t feel like writing about investing or markets until after the 4th so bear with me. I have had Pearl Jam in heavy rotation the …
From: June 2018
Nike Just Did It…Fashology 101
One of my fave stocks and companies is back at all-time highs tonight. Nike is up $10 billion after hours on their earnings report. The markets continue to be efficient…a few hours a year. I like to be right when I pick stocks so it feels good. Nike has made me look smart. I picked …
The Bad News is Trends End…The Good News Is Trends End
This tweet made me laugh out loud (LOL for you hipster millennials): When you and your crew are long Chinese tech stocks but then the trade wars hit pic.twitter.com/iVkHtYLPg7 — StockTwits (@StockTwits) June 27, 2018 That was the only thing funny today! It was a tough day for me. I had to make the fonts …
Betting on Things That Never Change…And A Smile
Yesterday I drove up to Dana Point to attend The Ritholtz investing conference. It is fun to see my friends doing well. Here I am with the gang. I caught up with Morgan Housel who is consistently the best financial strategy writer and thinker in my network. I told him he was way too hot …
Momentum Monday – I Wish It Was Friday
Ugly day. Period. I guess rising interest rates, trade wars and inflation are not fantastic for the markets. I will get right to this week’s episode of Momentum Monday. Here is the link, or watch below: As a reminder, Marketsmith (by Investor’s Business Daily) is now a sponsor of the weekly show. All the charts …
Carpe Volatility…Bitcoin and Amazon
Bitcoin is now down over 70 percent from it’s all time high last year. My friend Charlie has a chart of all the big drawdowns in Bitcoin over the its short life (which includes two of more than 90 percent): In December 2016 I wrote my first ‘Carpe Volatility‘ post and dedicated it to Amazon …
The Tale of Tails
Morgan has another great post out titled ‘Tails You Win‘. The gist…’long tails drive everything‘. …no matter what you’re doing, you should be comfortable with a lot of stuff not working. It’s normal. This is true for companies, which need to learn how to fail well. It’s true for investors, who need to understand both …
Recessions Happen and Nobody Knows
I really liked the ‘New Rules’ this week from Bill Maher. He has definitely put himself in the crosshairs of his haters and I enjoy how he takes down the ‘snowflakes’ on Fox and Fringe: Recessions happen and they are survivable events. Also this week…the Bitcoin crash continues. I refer back to this Jameson Lopp …
Scooter Lindzon – This Just Might Be The Top …also Founders and Ditchdiggers
I was in Los Angeles today for some meetings. I dragged Rachel along so that we could use the ‘Carpool’ lane and we did the three hour drive up and back from Coronado. Very Larry David. I have tried not to comment much on the ‘Scooter’ boom that seems to have swept the country until …
A Battle of Wits and NitWits
Longer riff today to clear my head… Watching Elon Musk argue with shortsellers on Twitter is pretty damn entertaining. It reminds me of this scene from a top 10 favorite movie of mine ‘The Princess Bride’…the battle of wits Depending on the day I have no idea which character Elon Musk is. I have a …