Former Darlings Of The Pandemic.
It is interesting how nothing lasts forever and sentiment can change in the blink of an eye. Peloton was supposed to revolutionise fitness and Zoom was to be the tool that carried us through the boom in working from home. Sentiment can be a bastard of a thing if you are on the wrong side…
DetailsWhat Happened To 2021’s Biggest Thrill-rides For Investors?
Like most people, I can get behind the idea of being rich. Filthy rich. Ideally right now. And if that’s due to a lucky YOLO bet on a stock going to the moon then so much the better. The problem is I’d have to be very lucky. Because I don’t even make those bets. No, I dutifully punch my…
DetailsIs the Correction Over?
Was that it? It feels ridiculous to ask, given that at the lows of last week, the peak-to-trough decline in the S&P 500 was just 5.2%. It feels ridiculous to ask, given that at the lows of last week, the market was still up 21% YTD. But it is a reasonable question, given that stocks have aggressively…
DetailsTesla Had 5 Founders. Why Did Only Two Get Really Rich?
Electric car upstart Tesla gathered reporters at a Santa Monica Airport hangar on a July afternoon in 2006 to unveil its battery-powered roadster, an audacious, $100,000 two-seater for which few automotive experts saw much hope of success. The company’s brash, tech-savvy CEO, Martin Eberhard, declared that Silicon Valley ingenuity would teach Detroit’s auto giants how…
DetailsWe’re Already at Dow 54,452
This is something I was completely unaware of. Anyone who has given even a moment thought to how the Dow is calculated will appreciate that it is a useless anachronistic tool but I had no idea how screwed its calculation was. Apparently, the calculation of the Dow has a series of historical errors that were…
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