Closed-end funds, in my opinion, are one of the great untapped asset classes of the investing world. Not many people know about them, not many retail investors take advantage of them, but those who do are often quite successful. The…
Learn moreSPACs are all the rage these days. Special Purpose Acquisition Companies (or SPACs), also known as “blank check companies”, have become wildly popular on Wall Street. So much so, that in 2020 there had been more SPAC IPO’s than any…
Learn moreWhen investors approach the market for the first time, they tend to think they’re going to find some magic button that unlocks the secrets of trading and investing success. They spend time studying chart patterns. They dive deep into roundtable…
Learn moreAsk anyone. Nobody does that fuddy-duddy crap anymore. It’s boring as hell and doesn’t work. Barron’s has written about the death of value investing… so has the Wall Street Journal. Even some of the value guys think that value doesn’t…
Learn moreThanks to my son in law I got a chance to talk with the trader, professor, and gambler, Edward Thorp, recently. The interview originally ran on Benzinga, but I thought readers of mine might be interested. Edward Thorp is one…
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