Yesterday’s slump… The Merrill Lynch disaster… Intelsat (INTEQ) buying Gogo (GOGO)… the NYC debate continues… and postcards from the Florida Republic. It was a wild Thursday of trading, wasn’t it? The Dow Jones shed 807 points yesterday. The Nasdaq slumped…
Learn moreSeth Klarman has made me a ton of money over the years. I’ve stolen many of his stock ideas, most of which have gone higher by a multiple of what I paid for. For those not familiar with Mr. Klarman,…
Learn moreIf you follow some of the popular investing websites, you may have seen the flashy headlines reporting that Buffett’s favorite valuation indicator is back to internet bubble levels. It is quite true. The Buffett Indicator is indeed approaching 1999 and…
Learn moreThe dollar dilemma… skin in the game… the Democratic National Convention (DNC) drama… and departures from the Old Union. I took a little heat from some friends of mine after I said I’d be willing to leave the country if…
Learn moreThanks to the nature of modern media… it’s nearly impossible to clone the trades of the old guard profitably. In a world of instant reporting, as soon as someone — especially someone like Warren Buffett — makes a move in…
Learn moreThe Black Swan right under our noses… Saying farewell to New York City… California rock slides… Introducing the Florida Republic… and my strategy for the road ahead The Black Swan Wasn’t the Virus. The Black Swan Was The Response. My…
Learn moreWarren Buffett just bought a gold stock. During the second quarter of 2020, Buffet purchased $20 million worth of Barrick Gold (GOLD). This is remarkable because, for his entire career, Buffett has cautioned against buying gold and other precious metals….
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