A few years ago, I went to a charity fundraiser at San Francisco’s priciest jewelry store, Shreve & Co., where the well-heeled men bid for dates with the local high society beauties, dripping in diamonds and Channel No. 5. Well fueled with champagne, I jumped into a spirited bidding war over one of the Bay
Dear John, I hope you remember me. We once met at a luncheon in Paris a number of summers ago. Thank you for the suggestion you made during the January 31 webinar about the launch of the Mad Hedge Technology Letter. After the first issue, I bought Micron Technology (MU). I bought two July $39
We are on the verge of seeing the greatest advancement in technology this century, the mass production of solid-state batteries. The only question is whether Tesla (TSLA) will do it, which is remaining extremely secretive, or whether one of the recent spates of startups pulls it off. When it happens, battery efficiencies will improve 20-fold,
"If we live in a period of uncertainty long enough, it becomes the norm," said Drew Matus, an economist at UBS.
Diary Entry for Thursday, April 7, 2022 Dear Diary, 4:30 PM - the day before- Thought I’d check my Bloomberg to see how the Asian markets were opening. Yikes! They’re hammering bonds again. About damn time. It looks like it is going to be a ‘RISK OFF” day. Better fasten my seat belt, put on
Those in the investment business are well used to the Armageddon crowd. These are the guys who are perennially predicting the collapse of the dollar, the default of the US government, hyperinflation, and the end of the world. Maybe after 11 years of rising, stocks are finally expensive on a relative basis? Their perennial recommendations
"The less the prudence with which others conduct their affairs, the greater the prudence with which we must conduct our own," said Oracle of Omaha Warren Buffet.
Well, it’s happened once again. This time, I have two concierge members who have given me notice that they are cashing in their chips and retiring at the end of the year. One used my trade alerts on LEAPS to turn $100,000 to $1.5 million, fundamentally changing his life. He is buying a mansion on
I was flying on first class flight on Virgin America from New York to San Francisco last year, and all I can say is that you meet the most interesting people in first class. The woman sitting next to me was dark-haired, rail-thin, elegantly dressed, and utterly gorgeous. She addressed the flight attendant in a
I will start today’s letter by listing six more data points showing how overbought stocks have become. 1) While the number of outstanding shares in the US has remained unchanged since 2006, thanks to M&A, buybacks, bankruptcies, and privatizations, the average weighted share price has more than doubled from $50.15 to $137.00. 2) The Volatility