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December 16, 2018
Published by Kuppy at December 16, 2018
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Like all industries, the hedge fund industry is highly cyclical. 2018 is proving to be a catastrophe for many of my fund brethren. Let’s face it; most hedge funds have produced pretty awful returns for the past few years—a time when the S&P (the global benchmark) has shot the lights out. There’s an obvious reason for this underperformance and it comes down to the Read More
Categories: Comments On Events
Positions Mentioned: TSLA
September 14, 2018
Published by Kuppy at September 14, 2018
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Last Tuesday, I was in Southwest Texas, at the Terlingua ghost town; created by a mercury mining boom in the early 1900’s. On the wall of the only remaining store in town, I saw this sign and had a good chuckle. Despite a century of human progress, nothing much has changed in how promoters entice suckers into their financial schemes. “Buy now, before some Read More
Categories: Comments On Events
Positions Mentioned:
February 22, 2018
Published by Kuppy at February 22, 2018
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About a year ago, I read The Great Beanie Baby Bubble by Zac Bissonnette. It details how basic human greed, an artificial sense of scarcity and newly created technology like eBay, were used to artificially inflate re-sale prices and convince otherwise intelligent humans to sink their life savings into plush toys that were being created by the millions at a price-point measured in the Read More
Categories: Comments On Events
Positions Mentioned: None
March 26, 2017
Published by Kuppy at March 26, 2017
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Almost 5 months ago, Trump won the presidential race. At the time, I said Trump would herald dramatic change in how the government worked and served the American people. Along the way, regulations and taxes would be reduced and business would boom. Part of what made Trump so unique was that he wasn’t part of the Washington establishment. He couldn’t be controlled by special Read More
Categories: Comments On Events
Positions Mentioned:
January 23, 2017
Published by Kuppy at January 23, 2017
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I was recently interviewed by Chris Lowe at Bonner & Partners about my views on the market. Please click here to read it. Categories: Comments On Events Positions Mentioned: none To receive email updates on new posts, use the subscribe feature (on the right column of each page of the website.)
Categories: Comments On Events
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January 13, 2017
Published by Kuppy at January 13, 2017
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With the stock market continuing to make new highs, it feels almost irresponsible for me to talk about things to buy without at least waiting for a pullback. Therefore, I think it makes sense to talk about what to sell. One of the defining characteristics of the Trump administration will be “draining the swamp.” That means a lot of things to a lot of Read More
Categories: Comments On Events
Positions Mentioned:
December 24, 2016
Published by Kuppy at December 24, 2016
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So, this should be pretty easy to sort out. Crawford & Co has two classes of stock, A and B. The A shares pay a dividend that is 2 cents a quarter higher than the B shares. There are differences in voting rights, but as there’s a control shareholder, those are irrelevant. Therefore, a simple analysis says that the A shares ought to trade Read More
Categories: Comments On Events
Positions Mentioned:
November 17, 2016
Published by Kuppy at November 17, 2016
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“The improbable is now possible!!!” That is the last coherent sentence I remember a friend uttering on election night, as I finished off a flight of beers before switching to endless bottles of champagne. I then spent the better part of the next 36 hours roaming the streets of South Beach, yelling “FREEDOM!!” until my voice gave out and buying drinks for anyone who Read More
Categories: Comments On Events
Positions Mentioned:
The Hedge Fund Manager’s Dilemma…