Irrational exuberance was a term coined by Alan Greenspan to describe “the psychological basis of a speculative bubble” where “news of price increases spurs investor enthusiasm, which spreads by psychological contagion.” He coined that term in the bathtub, and first used it publicly about three years before the dot-bomb crash. Bearing that in mind, take […]
Some disruptive technology themes are more mature than others. Take cybersecurity as an example. Since the days of Norton Antivirus, cybersecurity companies have been hard at work trying to make sure the world’s computers remain secure. Consequently, we’re spoiled for choice when it comes to cybersecurity stocks. Rather than try to cherry-pick a few winners […]
Big news across the pond in Yankville for you Brits out there. A copy of the American Constitution was being auctioned off at Sotheby’s, and a group of attention seekers crypto thought leaders decided to pull together funds to buy it. That’s right. ConstitutionDAO crowdfunded upwards of 40 million USD (about 29.6 million quid) to […]
The finance industry can be as fascinating as it is boring. A prop trader in Canary Wharf will have a very different experience in the finance industry than a back-office manager in Mumbai. Peel back the layers of the finance onion and you’ll come across many innovative methods of making a living, some getting less […]
There’s a general understanding that a company’s brand contributes to the success of an initial public offering (IPO) and afterwards by providing a population of people who invest in the stock because they believe in the brand. That’s according to a leading marketing research firm which says strong brands result in “consistently higher share prices […]
In today’s era of 140 characters or less, people think a single-sentence critique is a sufficient way to challenge someone else’s thesis. “Boy, that didn’t age well,” they’ll say. If they completely disagree with everything you said, you’ll get a similar intellectually lazy response. “You’re gaslighting everyone,” or the classic “okay boomer.” The latter happens […]
Want to know the easiest way to make $100,000? Take a million dollars and invest it in any mining company that’s decided to pivot into the latest exciting technology theme. It’s almost a rite of passage for newbie retail investors to view such ventures as “a possible ten bagger.” They’re only parroting whatever drivel it […]
There’s been an increased amount of talk lately around what the media has coined “The Great Resignation.” People just don’t want to work anymore because they demand more from their employers. There’s talk about how 40 hours a week is just too much. It’s people of this ilk who are against meritocracies because they want […]
Blockchain started out as a solution looking for a problem. When it couldn’t find any problems, it created some of its own. First came ICOs, then NFTs, and then the cult of crypto that believes that there’s only one way but up. Retail investors aren’t the only ones getting fleeced. With crypto came the emergence […]
The blockchain was supposed to democratize access to assets until it didn’t. First came ICOs. This manifestation equated to a guy standing in an empty lot selling tokens you could spend at the store he planned to build there. Once he collected everyone’s money, he moved to Mexico. Then came NFTs. Instead of tokens with […]