• January 30, 2020

The Cost of Pessimism

If you’ve ever spent time hiking the Appalachian Trail, you know that hikers give nicknames to each other. My nickname: Pessimist.

• January 23, 2020

A Problem of Accumulation

People complain about the Fed. Endlessly. Incessantly.

I get the feeling that we give the Fed too much credit.

• January 16, 2020

The TSLA Rodeo

In the book on short squeezes, what just happened with TSLA will probably be in the first chapter.

• January 9, 2020

Everything You Wanted to Know about Gold but Were Afraid to Ask

I remember where I was the first time I heard about gold. I was in my 1995 Toyota Tercel in downtown San Francisco, listening to the radio. Usually I listened to the Razor and Mr. T on KNBR 680, but for some reason I had the news on. The announcer mentioned that gold was up that day, to $265 an ounce.

• January 2, 2020

It Was a Good Run

I predict that 20% of colleges and universities will shut down or merge in the next 10 years, and probably more.