Archive for August, 2018

Warren Buffett’s Biggest Wins & Fails

 

Warren Buffett’s Biggest Wins & Fails

Courtesy of , Visual Capitalist

Warren Buffett’s investing track record is nearly impeccable.

Over his lifetime, Buffett has built Berkshire Hathaway into one of the biggest companies in American history, amassed a personal fortune of over $80 billion, and earned acclaim as one of the world’s foremost philanthropists.

But in a 75-year career, it’s no surprise that even Buffett has made the odd blunder – and there’s one that he claims has ultimately costed him an estimated $200 billion!

THE WARREN BUFFETT SERIES

PART 4: BUFFETT’S BIGGEST WINS AND FAILS

Today’s infographic highlights Buffett’s investing strokes of genius, as well as a few decisions he would take back.

It’s the fourth part of the Warren Buffett Series, which we’ve done in partnership with finder.com, a personal finance site that helps people make better decisions – whether they want to dabble in cryptocurrencies or become the next famous value investor.

The Warren Buffet Series: The Early YearsInside Warren Buffett's BrainPart 3Warren Buffett's Biggest Wins and FailsComing soon

Warren Buffett's Biggest Wins and Fails

Note: New series parts will be released intermittently. Stay tuned for future parts with our free mailing list.

How did Buffett go from local paperboy to the world’s most iconic investor?

Here are the backstories behind five of Warren’s biggest acts of genius. These are the events and decisions that would propel his name into investing folklore for centuries to come.

BUFFETT’S 5 BIGGEST WINS

From making shrewd value investing calls to taking advantage of misfortune in the salad oil market, here are some of the stories that are Buffett classics:

1. GEICO (1951)
At 20 years old, Buffett was attending Columbia Business School, and was a student of Benjamin Graham’s.

When young Buffett learned that Graham was on the board of the Government Employees Insurance Company (GEICO), he immediately took a train to Washington, D.C. to visit the company’s headquarters.

On a Saturday, Buffett banged on the door of the building until a janitor let him in, and Buffett met Lorimer Davidson – the future CEO of GEICO. Ultimately, Davidson spent four hours talking to this…
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FedEx’d Diamonds Fueled India’s Largest Bank Fraud

Courtesy of ZeroHedge. View original post here.

Three bankrupt US firms with “direct” links to the Indian billionaire Nirav Modi were involved in transactions related to an alleged multibillion-dollar international scheme for which Modi has been charged by Indian authorities, according to Bloomberg. The firms sought protection from creditors earlier this year as the celebrity jeweler’s empire quickly unraveled. In February, the Punjab National Bank, India’s second-largest state lender, reported that the Indian billionaire had siphoned billions of dollars from its coffers.

John J. Carney, an examiner appointed by the US bankruptcy court, found “substantial evidence” that officers at Firestar Diamond Inc., A. Jaffe Inc., and Fantasy Inc., knew about the scheme alleged by Indian officials, according to the report filed Saturday. The Examiner uncovered millions of dollars of diamond transactions by various shadow entities owned by Modi, where payment can be traced to proceeds from the alleged bank fraud, the report said.

According to Carney, a three-carat gem was FedEx’d around the world between shadowy entities allegedly controlled by the Indian billionaire in 2011. The accounting practice of round-tripping, also known as round-trip transactions or “Lazy Susans,” was paramount to the biggest bank fraud in Indian history and charges by the Indian government against the celebrity jeweler.

During the course of the fraud, Modi “fraudulently borrowed approximately $4 billion over a period of years by manufacturing sham transactions purportedly to ‘import’ diamonds and other gems into India using a web of more than 20 secretly controlled shell entities,” Carney said in the report.

Bloomberg provides a summary of how Modi roundtripped diamonds through his various companies:

“The “fancy vivid yellow orange cushion cut” diamond was first sold by Firestar Diamond Inc., a U.S. company indirectly owned by Modi, and shipped to Fancy Creations Company Ltd., a foreign shell company in Hong Kong also allegedly controlled by Modi, in August 2011, the report says. The price was almost $1.1 million.

The colorful stone was then shipped out two weeks later by Solar Export, a partnership formed by the Nirav Modi family trust, back to Firestar Diamond in the U.S., for closer to what it was really worth: $183,000, the examiner wrote.

Less than a week later, Firestar, which has offices on Fifth Avenue in New York City, shipped the diamond back to Fancy Creations in Hong Kong, this time for $1.16


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Jim Rogers: “Before This Is Over, Gold Might Turn Into A Bubble”

Courtesy of ZeroHedge. View original post here.

Authored by Umair Tariq via ValueWalk.com,

Famed investor Jim Rogers, chairman of Rogers Holdings, told Kitco News that while he is not yet buying gold at current levels, a rebound in the yellow metal could cause it to overheat.

“Before this is over, gold could turn into a very overpriced asset, it might even turn into a bubble,” he said. Rogers noted that while he holds physical gold, he would not buy more until prices drop below $1,000 an ounce. “I’m still waiting for $950 an ounce, or something like that,” he said.

On U.S. equities, Rogers said that current valuations are overstretched, although stock prices could still climb higher on good news. He added that the next bear market could be “the worst in my lifetime,” and that instead of U.S. stocks, he is looking at investing in Zimbabwe, an emerging market.

“I’m buying Zimbabwe. Zimbabwe was ruined for 40 years by a crazy dictator. There’s a new guy, he may be worse, he may be better, but he’s certainly different, so you should think about Zimbabwe,” he said.

Jim Rogers: “Before This Is Over, Gold Might Turn Into A Bubble”

Transcript

Joining me today is Jim Rogers chairman of Rogers Holdings. Jim good to see you again. Thank you for joining us. I’m delighted to be here. How are you. I’m doing great.

And since about last time we spoke you said that if gold doesn’t rally when bad things are happening then the correction isn’t over.

Now we’re up a little bit this Thursday. But what’s keeping gold from really taking off here.

Jim: Daniela as I’ve said to you several times before I’m still not a buyer until gold goes under a thousand U.S. dollars an ounce. I own gold. I hope I’m smart enough to buy a lot of gold when it gets there. But you know we had a huge blow off back in 2011. And I’ve been around long enough to know the huge blow offs usually take a long time to correct. In my view that’s what’s going on. I mean I’m not a very good trader but that’s how I see the world.

Daniela: So with the tough summer it’s been for gold, I know you’ve said in the past many times that you…
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Flesh-Eating Genital Infections Caused By Common Diabetes Drugs

Courtesy of ZeroHedge. View original post here.

The FDA has issued a warning over a rare form of flesh-eating bacteria which targets the genitals, caused by several widely-used diabetes medications, reports Bloombergs Michelle Cortez. 

The condition, known as “necrotizing fasciitis of the perineum,” or Fournier’s gangrene, has only affected 12 diabetes patients over a five-year span (seven men and five women), one of whom died – so if you come down with it the support group is going to be small. Also, if you’d like to never eat again, click here (don’t do it). 

The drugs covered by the warning include Johnson & Johnson’s Invokana, AstraZeneca Plc’s Farxiga and Eli Lilly & Co.’s Jardiance. Known as SGLT2 inhibitors, they were approved in 2013, 2013 and 2016, respectively. The blood sugar supplements help the body lower blood-sugar levels via the kidneys, and excess sugar is excreted in a patient’s urine. Urinary tract infections are a known side effect. -Bloomberg

This is horrifying. Flesh-eating bacterial infection of the genitals linked to best-selling diabetes drugs (like $AZN‘s Farxiga, $JNJ‘s Invokana and $LLY‘s Jardiance). Just a dozen cases in the 5 years on the market, but all severe and one death. Yikes. Be cautious.

— Michelle Fay Cortez (@FayCortez) August 29, 2018

Cortez notes that in the past three decades, the FDA only found six other cases of the condition – all men, while reviewing all other diabetes drug classes. 

The FDA estimates apprximately 1.7 million patients were prescribed one of the affected medications from a retail pharmacy in 2017, while Bloomberg Intelligence believes the  drugs are anticipated to generate as much as $7.1 billion in sales by 2020.

All of the drugs in the class except Merck & Co.’s Steglujan, the most recently approved, have been linked to the condition. The manufacturers must add information about the risk to the prescribing information and medicine guides given to patients. AstraZeneca said it is working with the agency on updating the label and noted that it hadn’t seen any cases of the condition during the development of Farxiga.  -Bloomberg

And now for the fine print from the FDA: 

  • Patients should seek medical attention immediately if you experience any symptoms of tenderness, redness, or swelling of the genitals or the area


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Commercial Real Estate Paying The Lowest Return Since Before The Housing Crisis

Courtesy of ZeroHedge. View original post here.

Investors taking on more risk in US commercial real estate are now receiving the lowest return since the housing crisis. The premium spread for buying BBB- tranches of commercial mortgage backed securities versus AAA is the lowest its been since May 2007, according to a new report from analytics company Trepp, the FT reports.

The euphoria associated with the US economy even as the overall global economy is rolling over means that those bearing the brunt of risk for commercial mortgage backed securities are getting paid the least. This also comes as a result of investors chasing yield, which could be another obvious canary in the coal mine that the now record bull market could be reaching an apex.

“As you get toward the latter innings of the credit cycle, people have money they need to put to work and they take on more risk for less return,” said Alan Todd, a CMBS analyst at Bank of America Merrill Lynch.

Commercial mortgage backed securities are made up of a combination of types of mortgages which are then divided up by risk. Traditionally, as with any financial instrument, the more risk that investors bear, the more they get paid. But now, investors are looking more and more like they’re “picking up pennies in front of bulldozers” as demand for AAA tranches of CMBS’ has fallen. Meanwhile BBB- slices of CMBS continue to see an influx of demand. The conclusion?

“You are probably not getting paid for the risk you are taking and that definitely concerns us,” Dushyant Mehra, co-chief investment officer at Hildene, told the Financial Times.

The Federal Reserve’s tightening could be another potential cause for the shift: higher quality fixed rate investments like AAA tranches of CMBS, have fallen in price as a result of Fed policy. This, in turn, has caused investors to seek out riskier products, like floating rate company loans, to juice returns.

Meanwhile, the boom in commercial housing has resulted in a significant amount of CMBS supply. $49 billion in new issuance between January and July of this year eclipses the $45 billion that was sold throughout the same period of time last year.

The credit premium between AAA and BBB-, which is as low as you can go without hitting a junk rating, has fallen to 2.1% in August from 2.2%…
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California Democrats Boycott Of In-N-Out Backfires Spectacularly

Courtesy of ZeroHedge. View original post here.

A call from the head of the California Democratic Party to boycott In-N-Out Burger over its $25,000 donation to the GOP, appears to have backfired rather spectacularly according to the Los Angeles Times. Take Anthony Grigore, a true-blue Democrat. But as he waited Thursday at an In-N-Out Burger in El Segundo for his meal, Grigore made it clear party loyalty would only go so far.

Just hours earlier, the head of the California Democratic Party called for a boycott of the famed burger chain after a public filing revealed that the company had recently donated $25,000 to the state’s Republican Party.

Eating at In-N-Out is such a standard thing to do across California,” Grigore told the LA Times dismissing the boycott idea as a bit silly.

On Wednesday, Journalist Gabe Schneider tweeted a filing from the burger joint showing the $25,000 donation (while failing to note the $80,000 In-N-Out has donated to a liberal PAC over two years). 

In-N-Out added a new item to their secret menu. https://t.co/VtaCOuiNRp pic.twitter.com/tCRYqFGDEB

— Gabe Schneider 🗞 (@gabemschneider) August 29, 2018

Hours after Schneider’s tweet, California Democratic Party chairman Eric Bauman kneejerked into action and called for a boycott, tweeting; ”Et tu In-N-Out? Tens of thousands of dollars donated to the California Republican Party… it’s time to #BoycottInNOut – let Trump and his cronies support these creeps…  perhaps animal style!” along with a link to a local paper

Et tu In-N-Out? Tens of thousands of dollars donated to the California Republican Party… it’s time to #BoycottInNOut – let Trump and his cronies support these creeps… perhaps animal style!https://t.co/9zkdFaG5CJ

— EricBauman (@EricBauman) August 30, 2018

At this point, Bauman went too far for some California Democrats who distanced themselves from the political dust-up between their social justice warrior leadership and the California eatery owned by an evangelical Christian family with a history of support for GOP candidates. 

By the end of the day, Democrats were distancing themselves from the idea and Republicans were enjoying a political feast, with many making big lunch orders to show their support for the chain and posting photos on social media. Some were even feeding their dogs:

We have all


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In Argentina “All Bets Are Off” As Peso Disintegrates

Courtesy of ZeroHedge. View original post here.

“All bets are off” in Argentina” – as Bloomberg puts it – where the value of the local peso has plummeted, falling 20% this week alone. It is now 50$ weaker on the year versus the USD, making it the worst performing currency of 2018 and sending massive shockwaves through Argentina’s economy. The effect on business owners and anyone who transacts in local currency has been profound, according to Bloomberg.

“There’s no clear price reference after the peso plunge,” one business owner told Bloomberg. The price plunge has created havoc for him and his surgical equipment business, where he buys in foreign currencies and sells in pesos.

Unlike hyperinflating economic basket case Venezuela, Argentina is a sizable $640 billion economy that is now being put to the test to see how much strain it can truly endure.

The peso crippling could also be a precursor to political unrest, as President Mauricio Macri’s chances of being reelected are reportedly falling, despite being known as a leader who has been friendly to the markets over the course of his tenure. However, as a result of the recent turmoil, he’s “struggling” to restore investor confidence in the Argentinian peso. 

Argentina and its Central Bank have taken a number of decisive steps to try and halt the plunge, yesterday hiking interest rates to the world’s highest 60%. Previously, the country had requested quicker payouts from the International Monetary Fund, which promptly granted the collapsing country’s request.

And speaking of Argentina $50 billion loan agreement in place with the IMF – the largest ever in IMF history – this isn’t that too different from the country’s 2001 default, when it was on a similar IMF loan program. Since then, the country underwent a “decade of budget-busting left-populist government – and isolation from world financial markets”. 

The result appears to be the country coming full circle. 

Argentinian residents who voted for President Macri went on record telling Bloomberg they “wouldn’t do it again.”

“I see a country that’s lost its way. They need to find a way to stop this slide,” one 46-year-old bank worker told Bloomberg after buying some dollars she hoped to sell later. She concluded, “The problem is, they don’t know what to say.”

The government forecasts now that the economy is going to contract 1% this year despite predictions of 3% growth…
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Profiling Elon Musk’s Worst Enemy

Courtesy of ZeroHedge. View original post here.

Increasingly of late, discussions about Tesla and its investability have led to discussions about Elon Musk and his at times brittle mental health. While Musk and the brand have always been synonymous, the emphasis on Musk when it comes to the company’s attraction to investors has only increased, with Musk’s recent behavior.

Just over the course of the last three weeks, for instance, Musk tweeted out a questionable (at best) proposal for a go private offer for Tesla that looks to have not materialized in anyway. He also tripled down on comments he made earlier this year about a British cave diver who helped save 12 children trapped in Thailand, tacitly reaffirming his actions when he previously referred to him as a pedophile on Twitter.

But most recently, the deepest dive into Elon’s personal demeanor came from a lengthy write up in the Wall Street Journal that spills even more details about Elon’s ego and, if even possible, raises more questions about the man at the top of Tesla and his battle with what has emerged as his worst enemy: his ego.

The article opens with a previously untold story about Musk inquiring why an assembly line at his Fremont factory had stopped during a tour this spring. After being told that safety sensors held up the line, it is reported that Musk became angry and begin headbutting the front end of a car on the assembly line to make the point that it couldn’t hurt anyone. When he was told a second time that the stoppage was for safety reasons, he reportedly told a senior engineering manager to “get out”. The manager was then fired, though Tesla claims to the WSJ it was for other reasons.

According to the same report, Musk “answers to no one” at Tesla and can frustrate his employees by micromanaging and taking tasks into his own hands. As a result, Musk is now “isolated” after dozens of senior executives have left, because of this behavior. This may lend credibility to long-held beliefs of many company skeptics that Musk could be the reason for the high executive churn at the company.

The article also reaffirms what we already know: that Musk’s friends and family are concerned that he’s working too much. Musk had a different – and totally bizarre – way of describing his actions, including…
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It’s 2018. Do you know where your medical records are?

 

It's 2018. Do you know where your medical records are?

File 20180828 86129 t4ebzu.jpg?ixlib=rb 1.1

Electronic medical records could be shared between health systems, allowing doctors to share information and possibly improve care. Tero Vesalainen/Shutterstock.com

Courtesy of Bita A. Kash, Texas A&M University and Stephen L. Jones, Cornell University

Can you imagine a future where the question “Did you bring a copy of your test results?” becomes entirely unnecessary?

That could happen, but the methods that most health care providers use to exchange health care information are little different than they were 5,000 years ago, when physicians caring for the same patient exchanged scrolls of papyrus and clay tablets.

Since the inception of computing technology, health care systems and doctors have been trying to find ways to dispense with the inefficiency and to share information electronically.

One of the building blocks for this information bridge is something called a health information exchange. These exchanges allow for the transfer of electronic health information, such as your medical records, laboratory test results and medication lists, among hospitals and providers. Yet, our recent research showed that, despite clear benefits of health information exchanges, they are not being utilized as often as they could be.

How the exchanges work

Think of a health information exchange as a switchboard that connects participating hospitals, emergency departments and physicians’ practices with the intent of securely sharing information that the patients they care for have authorized to share.

First, a patient must consent to his or her primary health care facility or physician to share information via the health information exchange.

Then, let’s say your primary care doctor has referred you to a specialist. With a health information exchange, you wouldn’t have to ask for your records or images, pay for them, wait for them and pick them up. All you have to do is authorize your doctors to securely share your information with each other. Ultimately, patients won’t have to bring copies of their medical records with them when they see a new doctor.

MRI images such as this can be viewed


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Google’s New AI Can Predict Earthquake Aftershocks

Courtesy of ZeroHedge. View original post here.

Authored by Danica Simic via ValueWalk.com,

Researchers that study earthquakes have been trying to model earthquake aftershocks for many years, and now, Google’s new AI can do it for them. Thanks to the new neural network, researchers can fairly precisely predict earthquake aftershocks, as well as scale how strong they would be. Nevertheless, there needs to be much more research done before the algorithm reaches perfection.

Rapid development of artificial intelligence has allowed scientists to use it for various things, like the World Cup predictions or planet exploration. However, Google and a Harvard team collaborated to focus AI toward something that is extremely difficult to be predicted by humans – earthquake aftershocks.

The team trained its newly developed neural network, similar to the one that helps run Facebook photo tagging, as well as Amazon Alexa’s voice transcription, using a database containing more than 131,000 earthquakes and the locations of their respective aftershocks.

Doing so allowed them to determine where the future aftershocks would take place. The network itself is rather interesting, it takes the data, regardless of whether it is pictures of someone’s face or locations of earthquake aftershocks, and the algorithm will attempt to find the underlying pattern. The network uses pixel arrangements of a person’s face in order to attempt facial recognition. In terms of earthquakes, Google’s AI can use that to explain why an aftershock would occur in a certain area.

The findings of the team were published in a paper in the scientific journal Nature on Aug. 29. In the paper, researchers explain that one of the reasons for algorithm accuracy is that they use two complex metrics that were previously thought to be associated with aftershocks. Those are called maximum shear stress change and the von-Mises yield criterion. The two metrics are often used in studying bendable materials like copper or aluminum. However, the metrics are not used in earthquake aftershocks predictions. Given the new discovery, scientists may start using it.

More time to pass

Unfortunately, the neural network can’t start working immediately to predict earthquakes, and will take more time to develop.

“We’re quite far away from having this be useful in any operational sense at all. We view this as a very motivating first step,” Harvard researcher Phoebe DeVries, coauthor of the paper told the 


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Zero Hedge

Schiff: Negative Interest Rates Are "Boneheaded"

Courtesy of ZeroHedge View original post here.

Via SchiffGold.com,

Donald Trump has been badgering Federal Reserve Chairman Jerome Powell for months, begging for lower interest rates. This week, he took things to another level, saying that the “boneheads” at the Fed need to push rates into negative territory.

In his podcast, Peter Schiff said negative interest rates are boneheaded. ...



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The Technical Traders

Metals are following downside sell off prediction before the next rally

Courtesy of Technical Traders

It is absolutely amazing how the precious metals markets have followed our October 2018 predictions almost like clockwork.  Our call for an April 21~24 momentum base below $1300 followed by an extensive rally to levels above $1550 has been playing out almost like we scripted these future price moves.

Now that the $1550 level has been reached, we are expecting a rotation to levels that may reach just below the $1490~1500 level before attempting to set up another momentum base/bottom formation.  And just like clockwork, Gold has followed our predictions and price is falling as we expected. Just look at our October 2018 chart where we forecasted the price of gold...



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Chart School

Crude Oil Cycle Bottom aligns with Saudi Oil Attack

Courtesy of Read the Ticker

Do the cycles know? Funny how cycle lows attract the need for higher prices, no matter what the news is!

These are the questions before markets on on Monday 16th Aug 2019:

1) A much higher oil price in quick time can not be tolerated by the consumer, as it gives birth to much higher inflation and a tax on the average Joe disposable income. This is recessionary pressure.

2) With (1) above the real issue will be the higher interest rate and US dollar effect on the SP500 near all time highs.

3) A moderately higher oil price is likely to be absorbed and be bullish as it creates income for struggling energy companies and the inflation shock may be muted. 

We shall see. 

...

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Phil's Favorites

Black Hole Investing

 

Black Hole Investing

Courtesy of John Mauldin, Thoughts from the Frontline 

Scientists say the rules change in a cosmic “black hole” at what astrophysicists call the event horizon. How do they know that? Not by observation, since what happens in there is, by definition, un-seeable. They infer it from the surroundings, which say that the mathematics of the universe as we understand them change at the event horizon.

Or maybe not. One theory says we are all inside a black hole right now. That could possibly explain a few things about central bank policy. ...



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Insider Scoop

The Street Reacts To Kroger's Q2 With Mixed Takeaways

Courtesy of Benzinga

Kroger Co (NYSE: KR) reported second-quarter results that came in better than expected. The earnings beat may have been overshadowed by management's decision to remove its prior guidance of $400 million in incremental EBIT by fiscal 2021.

Q2 A Mix Of Positives And Negativ...

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Kimble Charting Solutions

Bond Yields Due For Rally After Declining More Than 1987 Stock Crash

Courtesy of Chris Kimble

U.S. Treasury Bond Yields – 2, 5, 10, 30 Year Durations

The past year has seen treasury bond yields decline sharply, yet in an orderly fashion.

This has spurred recession concerns for much of 2019. Needless to say, it’s a confusing time for investors.

In today’s chart of the day, we look at a longer-term view of the 2, 5, 10, and 30-year treasury bond yields.

Short to long term bond yields are all testing 7 to 10-year support levels as momentum is at the lowest levels in a decade.

A yield rally is likely due across the board after a recent decline that was bigger than the stock crash in 1987!

If yields fail to ral...



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Lee's Free Thinking

Nonfarm Payrolls Not Seasonally Adjusted Tell the Real Story - Unspinning Wall Street™

Courtesy of Lee Adler

Not seasonally adjusted nonfarm payrolls, that is, the actual numbers, give us a truer picture of the jobs market than the seasonally adjusted garbage that Wall Street spews.

Friday’s seasonally adjusted nonfarm payrolls jobs headline numbers disappointed investors with slower than expected growth. But was it really that bad?

Here’s How The Street Spun It – Wall Street Journal Modest August Job Growth Shows Economy Expanding, but Slowly

Employers added 130,000 nonfarm jobs, jobless rate held steady at 3.7%

U.S. employment grew only modestly in August, suggesting that a global economic slowdown isn’t driving the U.S. into recession but has dente...



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Digital Currencies

China Crypto Miners Wiped Out By Flood; Bitcoin Hash Rate Hits ATHs

Courtesy of ZeroHedge View original post here.

Last week, a devastating rainstorm in China's Sichuan province triggered mudslides, forcing local hydropower plants and cryptocurrency miners to halt operations, reported CoinDesk.

Torrential rains flooded some parts of Sichuan's mountainous Aba prefecture last Monday, with mudslides seen across 17 counties in the area, according to local government posts on Weibo. 

One of the worst-hit areas was Wenchuan county, ...



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Biotech

The Big Pharma Takeover of Medical Cannabis

Reminder: We are available to chat with Members, comments are found below each post.

 

The Big Pharma Takeover of Medical Cannabis

Courtesy of  , Visual Capitalist

The Big Pharma Takeover of Medical Cannabis

As evidence of cannabis’ many benefits mounts, so does the interest from the global pharmaceutical industry, known as Big Pharma. The entrance of such behemoths will radically transform the cannabis industry—once heavily stigmatized, it is now a potentially game-changing source of growth for countless co...



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Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

...

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Members' Corner

Despacito - How to Make Money the Old-Fashioned Way - SLOWLY!

Are you ready to retire?  

For most people, the purpose of investing is to build up enough wealth to allow you to retire.  In general, that's usually enough money to reliably generate a year's worth of your average income, each year into your retirement so that that, plus you Social Security, should be enough to pay your bills without having to draw down on your principle.

Unfortunately, as the last decade has shown us, we can't count on bonds to pay us more than 3% and the average return from the stock market over the past 20 years has been erratic - to say the least - with 4 negative years (2000, 2001, 2002 and 2008) and 14 positives, though mostly in the 10% range on the positives.  A string of losses like we had from 2000-02 could easily wipe out a decades worth of gains.

Still, the stock market has been better over the last 10 (7%) an...



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Promotions

Free eBook - "My Top Strategies for 2017"

 

 

Here's a free ebook for you to check out! 

Phil has a chapter in a newly-released eBook that we think you’ll enjoy.

In My Top Strategies for 2017, Phil's chapter is Secret Santa’s Inflation Hedges for 2017.

This chapter isn’t about risk or leverage. Phil present a few smart, practical ideas you can use as a hedge against inflation as well as hedging strategies designed to assist you in staying ahead of the markets.

Some other great content in this free eBook includes:

 

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About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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Ilene is editor and affiliate program coordinator for PSW. She manages the site market shadows, archives, more. Contact Ilene to learn about our affiliate and content sharing programs.

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