March 29, 2021

Ponzis Go Boom!!!


For the past few years, I have been critical of the Ponzi Sector. To me, these are businesses that sell a dollar for 80 cents and hope to make it up in volume. Just because Amazon (AMZN – USA) ran at a loss early on, doesn’t mean that all businesses will inflect at scale. In fact, many of the Ponzi Sector companies seem to ... Read More
Categories: Comments On Events
Positions Mentioned: GBTC
March 22, 2021

Who’s Scared Of A Few BPS…???


Over the past few months, bonds have had one of their sharpest selloffs in history. This should be no surprise. JPOW and Yellen have been quite clear that they intend to create epic levels of inflation and shred bondholders. History is replete with paper currencies getting debauched. As a result, I expect that our clueless band of inflationeers will succeed beyond their wildest dreams—especially ... Read More
Categories: Investments
Positions Mentioned: Bitcoin, CNR, JOE
March 12, 2021

Can’t Stop Selling GameStop Vol…


Ever since GameStop (GME – USA) pulled off a Melvinator, I have had various short vol GME option trades on. Often, this was some combination of deep out of the money (OTM) strike puts and a smattering of even further OTM calls. Yes, I know I said that shorting “Project Zimbabwe” is suicide and maybe I need to re-learn that lesson myself, but I’ll ... Read More
Positions Mentioned: GME
January 31, 2021

Talking KEDM On Real Vision…


During one of the craziest weeks I can remember in the markets, I chatted with Max Wiethe from Real Vision about what is going on. We covered a lot of ground, including an overview of why this is a golden era for Event-Driven trading and how KEDM can help you capitalize on all of the opportunity. We also go through a few historic examples ... Read More
Categories: General
Positions Mentioned:
January 25, 2021

On Avoiding Expensive Mistakes…


Let me throw this out there; the investing game is mind-numbingly easy. You buy good businesses for less than fair value. Sure, we can all argue about fair value. There are always surprises in the future trajectory of a business. This game has some wrinkles and drama, but at the most basic level, it’s easy. In fact, done correctly, it only involves a handful ... Read More
Categories: Comments On Events
Positions Mentioned: GME
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