Everyone knows that Munger said, “Smart men go broke three ways: ladies, liquor, and leverage.” But the truth is that he just added ladies and liquor to make it funny. The real risk is leverage. Considering that 2025 has been…
“I love extremes and outliers. It’s what makes the world interesting and investing lucrative.” I said that when I suggested that selling your metals for oil may not be a crazy idea. And now, just a week later, I’m seeing more…
Gold, silver, platinum, copper, nickel, and the rare’s. That’s close to the order that they are, and will be, going parabolic. The reasons are numerous and obvious for those who are happily sitting on their hands, watching their portfolio’s rise…
One day I drove to the bank three separate times, which was an hour each way. This was mostly Miss Piggy’s fault, although the bank she worked for didn’t help at all. This was back in 2012 in Panama. At…
It’s time for a mid-year check in, especially since I made a variety of predictions at the beginning of the year. Did I whiff them all? Or did I luck out with some good calls? As I mentioned in my…
I don’t particularly like making predictions. Not because it’s not fun (it’s a blast!), but because you look really stupid when your predictions are wrong. Of course, when you make a prediction, especially about something that is very substantial, you…
I lose money every time I host a dinner, yet they are my best investments. That’s because there is extreme value to gathering like-minded, successful individuals in a private room… Especially if you feed them well! This past week in…
Debating the best investment market in the world is a losing battle. The answer is simple: The United States is the best place to invest in the world, by a long shot. I could share dozens of charts with you,…
Who doesn’t like an investing fortune telling session? I mean, that’s what the entire investing newsletter industry is built upon, right? People want to know the future, and that’s especially true when it comes to the ability to make more…
It’s pretty hard to find inexpensive things these days. Everything just feels overpriced. Food, real estate, and especially the stock market. The reason for this is pretty simple: Governments around the world printed money like crazy to prop up economies…
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