Bitcoin tests the greater fool theory once again
If you are holder of bitcoin, 2018 has not been pretty. The cryptocurrency has plunged nearly 30 percent in the last month, and more than 50 percent this year. CBOE Bitcoin futures have fallen nearly 70 percent from their December high of $20,500. Despite the move,...
Not another ETF!
Ever since mutual funds and more recently, ETFs were created, there has been a flood of new funds and ETFs being launched almost every month. Many fade away after a few years due to poor performance but that has not stopped asset managers from launching new...
Good for equities, bad for bonds?
Announced earlier this week, U.S. job growth in May 2018 vaulted payroll gains above 1 million in 2018, reaching the milestone a month earlier than in the past two years. Employers added 223,000 jobs last month, more than forecast and bringing payroll gains for the...
Tesla has a Musky odor
Earlier this week, Elon Musk, CEO of Tesla revealed that the much hyped mass market Model 3 will not be a mass market car after all. Conceding that the company would “lose money and die” if it were to build a $35K car, Musk admitted that even $50K price tag was out of...
In defense of old school
Li Ka-shing has done what few others, correction, only one other person has been able to do - post better than 20% returns over 45 years. In a career of 60-plus years, he has built a conglomerate that ranges from property development to utilities, from...
Is IPOs for you?
Scanning regulatory filings for the next hot initial public offering (IPO) is often seen as too hard and waste of time. But reading the S-1 filings often gives insight into management and the inner workings of the company before the first earnings calls. With good...
What do we want the GDP to be?
China has been widely accused of currency manipulation in its attempt to prop up the yuan. But, it is also becoming increasingly clear that China has been rigging its GDP numbers. China’s first quarter GDP numbers came out few weeks ago at 6.8%, exactly the same as...
India botches currency roll out once again
In an attempt to replace the 10 rupee note ($0.15) that has more than five billion in circulation with a 10 rupee coin, India once again botched the transition and clogged up parts of the economy that still operates on a cash basis. India’s central bank - The Reserve...
Which one of you did not get a scholarship?
In an article earlier this week in the Wall Street Journal, it was revealed that hundreds of colleges and universities are using scholarships and merit based financial aid as tool to attract students to their programs. At Tulane University in New Orleans, 39% of...