In August 2010, Forbes called the Chicago-based platform the “fastest growing company ever.” The following year, it IPO’d at a $17.8B market cap. Today? Groupon is worth just $103m — a 99.4% plummet from its IPO. And though it does maintain ~14m active users, it had 83m+ subscribers in 2011, per TechCrunch. More here – theHUSTLE. PS: If Google ever knocks on…
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One of the great myths you have, when you are young, is that adults are reasonably competent and vaguely skilled at what they are supposed to be doing. As you grow into adulthood yourself you are quickly disavowed of this naive belief as you realised that the majority of adults in the majority of roles…
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One of the things that is most surprising about any form of financial crisis is the degree of surprise that market participants display at its unfolding. You can see this scene play at present with the recent collapse of Silicon Valley bank and the current nervousness that surrounds U S regional banks. What new players…
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You’re not going to believe what Chris Tate has found out about how analysts mismanaged almost every aspect of the dramatic SVB collapse.Learn the lessons so you don’t get sucked in by the so-called professionals who don’t have your best interests at heart. You’ll be shocked at his findings I’m sure. I’ll bet you’ll be…
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Have you ever wondered why fund managers do so poorly – well here is your answer. It is because they spend their day trawling internet forums to come up with ideas. At long last, the Reddit retail investors may finally be enjoying their day in the sun: Major institutional investors are taking note of what…
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One of the most vexing issues for novice traders is the notion that you will not be right most of the time – in real trading, you will be wrong an awful lot. This notion of being consistently wrong but also successful seems like a paradox that many cannot resolve. It runs counter to all…
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As you would expect when you have a blog you get a lot of unsolicited emails from people wanting you to stick something they have written on your blog. Some are vaguely related to trading and some have nothing to do with it like the one below – My name is Elin from crystalopedia.com. We’ve been working hard on…
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When I am in need of quickly looking at overnight markets and accompanying price action I use BarChart which is a good little site but like all sites that have a firm technical analysis bent it is prone to making stupid statements. Whilst looking at the site this morning I noticed this bit of inanity.…
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It’s been one of those days, maybe I am underselling this, let’s call it one of those years…. In 1976, a professor of economic history at the University of California, Berkeley published an essay outlining the fundamental laws of a force he perceived as humanity’s greatest existential threat: Stupidity. Stupid people, Carlo M. Cipolla explained, share…
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