Greatness from Ben, send this to the people in your life who need to hear it. Subscribe to The Goldmine and get one of these gems every day or so when you check your podcasts.
How David Beats Goliath in Real Life
On Wall Street, David doesn’t beat Goliath in real life – especially in a battle of brute force and liquidity. The hedge fund industry manages $3 trillion. Private equity and real estate and venture money is even bigger than that. Funds are backed by banks and brokerages which are backed by the Federal Reserve. Get […]
hedge fund “Idea Dinner” with 2 million guests
Many hedge-fund managers freely share investment ideas with one another—a practice that might seem at odds with their aspirations to post higher returns than competitors. Fund managers, traders and hedge-fund chiefs exchange ideas through instant messages, emails and private chats. Sharing ideas can reap financial benefits. When multiple hedge funds jump into the same stock, […]
Dear Samantha
Dear Samantha, I wanted to start by saying thank you so much for your letter and for watching my YouTube show. I’m very impressed by your desire to learn more about investing at such a young age. I wish I had started in junior high school! You are much smarter than I was at age […]
George Carlin’s Aphorism
New York Times, 2021: Some QAnon believers tried to rejigger their theories to accommodate a transfer of power to Mr. Biden. Several large QAnon groups discussed on Wednesday the possibility that they had been wrong about Mr. Biden, and that the incoming president was actually part of Mr. Trump’s effort to take down the global […]
re: Trumpless Twitter
On November 7th, 2013, a stock was born. CNNMoney: Twitter priced its initial public offering Wednesday night at $26 a share. The stock debuted at 10:49 a.m. ET on Thursday on the New York Stock Exchange, and the first trade came in at $45.10 a share. Shares quickly jumped to a high of $50.09 — a gain […]
Happy New Year, don’t die
It could always be worse. This is one of those things people often say to make themselves or others feel better. It’s a conversation ender. Stops you in your tracks if you’re whining about some thing or other. Only takes you a second to realize they’re right. What the hell are you complaining about, did […]
Talk Less, Listen More
I spent a whole bunch of time this fall and winter taking calls from young financial advisors. I try to schedule this stuff on Friday mornings when things are a little quieter for me. They DM me or email me and I just say yes. I have 15 minutes for any kid reading my stuff […]
Morgan Housel, Christine Benz, Brian Portnoy and I Talk Money & Investing
[embedded content] Thanks so much to Portnoy for organizing and to Morgan and Christine for taking part. I’m told the next batch of books will be available on 12/7 – go reserve your copy now and consider giving them out for Christmas to the investors in your life. Amazon link here.
The Year-End Melt-Up
All the ingredients seem to be in place for a melt-up in the stock market into year-end. John Roque of Wolfe Research and Joe Terranova of Virtus Investment Partners join Josh Brown for a discussion about small caps catching up with large caps, favoring quality and momentum in portfolio construction, what’s going on with the […]