It was September 2019 and Jason Robins, CEO of DraftKings, was weighing his options: On one hand, he knew he wanted to take the sports-betting company, that he started alone in his Boston apartment eight years earlier, public… On the…
Learn moreEarlier this week, I laid out a perfect example of what most people refer to as a “Black Swan” trade. Part I: The Trade (no, you’re not too late)Part II: Emerging advantages Now, I intend to give you my original…
Learn moreAs I noted on Monday, the world has been betting against the U.S. Dollar. This chart by Ahmed Saqib says it all. The breakdown of the Commitment of Traders Report from the end of August shows that hedge funds had…
Learn moreMomentum gauges go negative… safe-haven currencies in trouble… election concerns… and a short-term swan trade on the dollar. With the Dow off 800 points on Monday, people continue to speculate that the Federal Reserve will load up its cannons and…
Learn moreYesterday’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 more