Meme Stock Bosses Continue an Old Tradition
Meme stocks like AMC and GameStop might be new, but their executives are continuing a very old Wall Street tradition: Making hay while the sun shines. You’ve probably read that insiders have sold tens of millions of shares, or “gifted” them to family members in cases when they weren’t allowed to sell, but they also… Continue reading Meme Stock Bosses Continue an Old Tradition
Feeling Lucky?
Remember the DC-10? I’m dating myself by telling you that I recall flying on the widebody jet when I was about nine years old. I couldn’t have been much older than that because all of the ones operating in the U.S. were grounded for a while in June 1979. This came after the deadliest airline… Continue reading Feeling Lucky?
“Unwoke” Investing
The hottest thing in investing these days is using ESG criteria (environmental, social, and governance). Count me a skeptic. Yes, I have seen studies showing that, for some specific period, such funds have outperformed the market. They usually are funds that have avoided fossil fuels during a particularly bad stretch for energy companies or are… Continue reading “Unwoke” Investing
You Can’t Make This Sh*t Up, Crypto Edition
There isn’t a lot that shocks me any more when it comes to cryptocurrency and non fungible tokens, but an email I got this weekend floored me. And before you write back and lecture me about the blockchain or send me your new white paper, please, please don’t. Pretty please. I don’t want to debate… Continue reading You Can’t Make This Sh*t Up, Crypto Edition
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