Sneaker lunacy takes over China

Forget stocks, real estate, even cryptocurrencies — China’s hottest investment nowadays is Nike, Adidas, and Puma basketball shoes. Imitating a trend that harkens back to the Tulip mania in Europe in the 1600s, trading volumes on online “sneaker...

A fool and his money are soon…

Softbank, made famous by its huge $100 billion Vision fund and larger than life CEO – Masayoshi Son, is now beginning to look like any other VC with a rookie at the helm. Last week, Softbank, which made a wild bet on WeWork, a company that is burning thorough $2...

Deeply Disturbing

With the President facing impeachment, investors are cringing, thinking of a repeat of 1974 when Nixon went down and took the markets with him. But history suggests otherwise. When Andrew Jackson was impeached, markets cared little. When Bill Clinton was impeached,...

The movie is over..shed no tears

MoviePass, a company that started a too-good to be true service in 2017, of offering consumers a movie a day at theaters for $9.99 a month, has finally closed doors. They simply ran out of money subsidizing all those customers who took full advantage. Unfortunately,...
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