In The New York Post, Eric Spitznagel tells the story of PayPal founder, Peter Thiel, with an interesting vignette on Thiel's interactions with Tesla CEO Elon Musk, when the two were building PayPal. Spitznagel writes: Thiel, who turns 54 next month, is one of the most cutthroat financiers of his generation. With a fortune of $4.3 billion, according to Forbes, he’s difficult to pigeonhole — having gone from hedge-fund trader to Silicon Valley entrepreneur to data-mining surveillance capitalist — and almost impossible to understand. “He is self-created, a Silicon Valley Oz, who has, through … [Read more...]
BREAKING: Game Changer for ANNUITIES and Life Insurance
You know it’s no fun getting homework, especially on a Friday. But this is too important to let the weekend go by without thinking about what I’m about to write. Because every now and then, there’s a piece of research or an article that’s a game-changer, like this chart below, showing you the madness in the stock market and probably in your mutual funds and ETFs. But that’s not my focus today because this week, I read one of the most important articles I’ve ever read on annuities and life insurance, two areas Your Survival Guy eschews and treats like rat food, that the article deftly … [Read more...]
Lazy Cash Wandering Docks at Newport Boat Show
“Permission to board? Should we remove our shoes?” Becky and I asked. A polite way to board a brand-new boat on display at the Newport International Boat Show last weekend. With docks loaded with giddy, lazy cash looking for some fun next summer, you can imagine the challenge it is to keep the decks free and clear of excess debris. As Becky and I spoke with our local Grady White dealer and boatyard owner, we learned that if you want a new boat, you’ll have to get in line because dealer allocations are a fraction of what they were pre-Covid, thanks to a lot of things like a shortage of … [Read more...]
This Chart Belongs on Your Fridge and More…
Have markets all gone mad? Take a look at this chart. It shows you how many stocks in the S&P 500 are trading at more than ten times sales. It’s a shocking display and may go down as the poster child chart for today’s madness. This chart needs to go on your fridge. Speaking of your fridge, how’s your lazy cash doing? Is it eating all your leftovers, drinking your milk, and not doing the dishes? Hey, I get it. We all have cash that’s lazy, and sometimes it needs a little tough love. But be warned, there’re plenty of scoundrels out there looking to "take the pressure off of you,” and … [Read more...]
Want to Buy A Condo in China? Are You Kidding?
Everyone wants to be a contrarian investor these days. Look no further than your friend’s kid day-trading his life away. Maybe to profitability. But it’s a long way to the finish line. Tired of hearing the war stories? Then let’s run a test. Ask Mr. Smarty Pants about buying a condo in China. That’s what I thought, “Are you kidding?” will be the typical response. But isn’t yesterday’s drop in stocks a unique buying opportunity? You know, everyone wants to buy the dips, but knowing it’s a dip and not a crater is about as reliable as a fortune cookie prediction. We’ll know what this one is … [Read more...]
You Won’t Believe How Tame the Dot Com Bubble Looks
Check out the number of S&P 500 stocks trading at more than ten times their sales. I’m not talking about ten times earnings. This is sales. You know, the price you pay for your house, your groceries, your heating bill—not the profit the company selling to you hopes to make. Imagine if the world you and I live in was priced this way? It would make inflation look like a drop in the bucket. Well, that’s how these companies that index funds are buying hand-over-fist are priced. Look at the number of S&P 500 stocks trading for more than ten times their annual sales on the chart below. … [Read more...]
What It Takes to Be like Tom Brady
You may have noticed that Tom Brady threw for five touchdowns yesterday. Ho-hum. Just another day at the office. Why can’t the Patriots get good players like Brady? Actually, New England fans are pretty excited about rookie QB Mac Jones, a product of Nick Saban’s Alabama. Heading into this season here’s what Saban and Patriots head coach Bill Belichick talked about regarding drafting Jones. What did Nick Saban, Bill Belichick discuss about Mac Jones ahead of NFL Draft? Nick Saban and Bill Belichick are obviously very close, as Saban is perhaps Belichick's closest friend in the … [Read more...]
Breaking News: October RAGE Gauge and Market Corrections
OK, a major Wall Street firm came out recently and predicted a fifteen percent correction in the market. What should you do? Well, as Your Survival Guy, I continue to stick with my investing plan regardless of what Wall Street predicts. As you know, predictions are cheap. Why? Because more often than not, these predictions are reversed when their crystal balls turn out to be not so crystal clear. So what’s the point? The point of the predictions is to instill fear. Nothing gets the phone ringing like the prediction of a market correction, especially one of this magnitude. Ring, ring, ring … [Read more...]
Shortages Plague Biden Economy: “NOW THE NORM”
You probably never imagined an America where shortages are "now the norm." But that's exactly how the Biden-economy is being described by Reuters. Howard Schneider and Timothy Aeppel report for Reuters: Shortages of metals, plastics, wood and even liquor bottles are now the norm. The upshot is a world where buyers must wait for delivery of items that were once plentiful, if they can get them at all. [Lauren] Rash [owner of Diamond Brand tent manufacturer] has piles of tents she can’t ship because she can’t get the right aluminum tubing for their frames, for instance, while others lack the … [Read more...]
I Can’t Believe I’m Agreeing with George Soros, Here’s Why: Part II
You know I'm no fan of George Soros, (especially since he gave $1 million to reelect Gavin Newsom) but when it comes to BlackRock and their meddling in China, he has a point. In a recent op-ed, Soros points out the hypocrisy in BlackRock's promotion of ESG funds here in the United States, and its foray into Chinese investing. He wrote: BlackRock takes its responsibilities for its clients’ money seriously and is a leader in the environmental, social and governance movement. But it appears to misunderstand President Xi Jinping’s China. The firm seems to have taken the statements of Mr. … [Read more...]
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