What Is a “Black-Necked Swan” In the Finance Industry?
.Sitting in my firm’s investment committee meeting in April 2009, it was clear we had a problem. A good problem to have. But still a problem. Since I started at…
The World’s Billionaires Are Buying Into Oil and Gas
It’s classic Washington accounting. They show off big numbers and projections, and promise us that spending a fortune today will somehow save us money in the future. But the problem…
This Banking Crisis Points to a U.S. Recession
This crisis in the banking sector is not going away anytime soon. And as Mike Carr will tell you, it’s much bigger than Silicon Valley Bank, or even the tech…
The Risks of Long-Term Trading In This Market
I’m a short-term trader. The reason for that is because I understand long-term risks. Long-term investors are often too comfortable in their belief that the market of today will be…
Why 30-Year T-Bonds Are Not a “Risk-Free” Investment
Everybody knows that trading is risky and buying 30-year Treasury bonds is safe. Right? There’s actually an argument for precisely the opposite. Hear me out… Exhibit A is the recent…
Why the Tech Sector Got Wrecked
Successful startups follow a typical pattern. An entrepreneur has an idea. They start a business. After a short time, the business makes money. Starting the business is challenging. Entrepreneurs generally…
Get Ready for the Next 10X Oil Boom!
Today’s financial media is overrun with stories about failing banks and financial risk. Yet five years from now, the only thing investors will remember about 2023 is the outrageous bargain…
How to Navigate the Market After Silicon Valley Bank’s Collapse
The repercussions of Silicon Valley Bank’s collapse last week are still coming. And not just in the financial sector. With this latest bank run, everyone’s drawn parallels to the financial…
Is Silicon Valley Bank (SVB) Heralding the Next Financial Crisis?
Amber Lancaster and I even discussed it in our Market Insights video. (If you’re curious how to get access to our relaunched duo video, click here.) I’ve been keeping an…
The Major Flaw In Efficient Market Hypothesis (EMH)
Sometimes I think it would be nice to be a finance professor. They’re allowed to, even encouraged to, have poor theories about investing. Then, when some piece of data contradicts…