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A lot of investors talk about optionality in bull markets. Cash is abundant and optionality is an easy crutch for justifying high valuations. When bear markets come, the talk of optionality ends. Why This Makes ...

I invest 98% of my money. Buy and hold. The kind of investing that puts people to sleep. Every now and then, I let the degenerate in me out. Plus, we are in a bear ...

I expected Spotify to lay out a clear path to profitability at their recent investor’s day. Wall Street has been anxious and in many ways I understand why. We are 10+ years in and Spotify ...

A decade plus of domination has made many Apple bulls believe they are immune to risk. The below commentary on iPhone led me to this line of thought, which got pushback from a lot of ...

I don’t know about you, but I have no clue what is going to happen next year, not to mention tomorrow. If you asked me a year ago whether Russia would invade Ukraine or inflation ...

Does it make sense to buy a company for $44B that has lost $2.6B in its lifetime? On the surface, hell no. Yet I think Elon buying Twitter makes all kinds of sense for Elon. ...

Times like these, everything looks (and smells) like a shit company. It makes you want to sell. Run for the hills. Bear arguments are everywhere and probably right. From supply chain woes, to World War ...

Often your instincts fail you. As great stocks are falling like crazy, my instincts tell me to try and buy the dip. No way these great companies trade at these low valuations forever! I need ...

I’m all kinds of torn on Ethereum. When you use it, it’s just silly. Paying $150 just to make a transaction is silly and sort of against the whole point of web3. Despite the extreme ...

Money doesn’t make you happy, well at least for most people. I recently listened to The Snowball on the life of Warren Buffett. It wasn’t fully what I expected. I always just assumed Warren had ...