The 10th Man, January 2020

The Cost of Pessimism

January 30, 2020

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

A Problem of Accumulation

January 23, 2020

People complain about the Fed. Endlessly. Incessantly.

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

The TSLA Rodeo

January 16, 2020

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

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

January 9, 2020

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.

It Was a Good Run

January 2, 2020

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