The Hong Kong of today won’t be the Hong Kong of tomorrow. Now, I know what some of you are going to say. That Hong Kongers are just money grubbing, fast moving, fast eating, efficiently evolved economic animals. There is a nugget of truth in that. It’s what happens when
Taking a closer look at Iran’s gold-backed cryptocurrency. Are there better alternatives for investors?
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
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
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
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
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