Thanks to the internet, we seem to be living in an era defined by memes. Although memes have been around forever (think “Kilroy was here”), the internet has made them ubiquitous and turned them into a new standard of social communication. Memes are born out of everyday catchphrases, movie screengrabs, or repurposed YouTube videos as …
How Meme Investors Become Parodies of Themselves Read More »
Every few months or so, interest in cryptocurrencies seems to bubble up among our clients and people I meet who want to know what I think. But lately, the level of interest appears to be more rampant. According to the Financial Planning Association, half of financial advisors have fielded questions from their clients on cryptocurrencies. …
What’s Really Behind Bitcoin, and How to Invest in It Read More »
In many conversations with clients who want to know more about how we construct our portfolio, questions about our feeling about bonds keep coming up. As we wrote in a recent post (Are bonds safer than stocks?), we have reduced the amount of bonds in our portfolio because, among other reasons listed, we find that …
The World Today produces a Staggering Amount of Information, and 99% of It Is Meaningless Age-Old Wisdom Provides Contemporary Guidance With the advent of the digital age, information has grown at an astounding rate. Whole industries have been created around information: from data mining to algorithm development. Data has become one of the most important …
The Importance of Intentional Ignorance in Today’s World Read More »
Filed under “you just can’t make this stuff up,” a New Jersey deli, with total sales of $35,000 and zero profits over the last two years, went public in 2019 and now has a market capitalization of around $100 million. As one market observer cracked, “The pastrami must be amazing.” But it’s not. Its menu …
Gullible Investing: How a Sandwich Shop Grew its Valuation to $100 Million in Two Years Read More »
The one thing many top-performing companies have in common is they are shareholder-friendly. That stands to reason because it’s always a mutually beneficial relationship. The boards of directors and senior management of these companies look out for their shareholders’ interests, often choosing to return profits to shareholders in the form of cash dividends, stock buybacks, …
Why You Should Only Invest in Shareholder-Friendly Companies Read More »