I’ve been thinking that at some point in the future I want to buy the snot out of pot stocks. Did I say in the future? Let me explain by taking you back to the 2000’s. Remember the mid 2000’s? Nokia was still “the bomb”, wearing bandanas was cool, and alternative energy was “en fuego”…. Read More
News and Articles from Chris MacIntosh
As Gold Nudges Higher…
When Michael Burry saw the impending housing crisis looming large, he went out and bought credit default swaps on subprime mortgages. What did he know that the broad market didn’t? He knew the structure of the housing market better than most because he did the homework. He dug through the numbers and looked at the… Read More
Seems Today’s Oil Stocks Were Yesterday’s Tobacco Stocks
From 1954 to 1999 this guy was on the cover of every magazine. He was also regularly featured in those ads you’d see just before a film kicked off at the cinema. And just in case you never read magazines or watched movies, he was on giant billboards, distracting you from looking at pretty girls… Read More
Dad, We Need To Talk
Not a week goes by when I don’t get a request to post an article on this site. You’ll notice that I never do so. Not because I’m an asshole, but because it’s too time consuming for me to vet who folks are, what they’re selling, and so forth. You’ll also notice that I do… Read More
The Real Reason For A Refugee Crisis In Europe
Wikipedia describes a Ponzi scheme as: “A fraudulent investment that involves the payment of purported returns to existing investors from funds contributed by new investors. It is an investment system where the investment profits are paid with the money from other investors, and those who experience profit believe the profits come from non-investors such as… Read More
Hold My Beer – Let’s Watch SoftBank Venture Capital Plunge
Imagine this. You’re holding what has become the world’s biggest basket of profitless, often fraudulent (I’m looking at you, BABA), and insanely overvalued, illiquid securities. You’re one man at the helm of a ¥11.6tn empire with sole discretion as to how you operate. Sure, you’ve got shareholders. But the way you’ve structured the business, the… Read More
