Business
Pot Stocks Plunge Despite New Jersey Marijuana Legalization

Cannabis stocks are plummeting today even though New Jersey has just legalized recreational marijuana. New Jersey officials announced that they legalized recreational marijuana on Monday, but pot stocks are plunging for the second consecutive day. Q4 2020 hedge fund letters, conferences and more New Jersey Legalizes Recreational Marijuana New Jersey Gov. Phil Murphy signed three […]
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Read MoreBeating Bobby Fischer

Dear fellow investors, During the 1998 Berkshire Hathaway meeting, Warren Buffett and Charlie Munger were asked a question about the return-on-equity of American banks. They commented on the topic in a typical Berkshire-like fashion. They then got off on a tangent that provided a truth of biblical proportion. Q4 2020 hedge fund letters, conferences and […]
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Read MoreDow Up, Nasdaq Down; Will Cathie Wood Need Her Ark?

Whitney Tilson’s email to investors discussing Dow up, Nasdaq down, a rare day yesterday; will ARKK’s Cathie Wood need her ark?; Ebix implodes; 19 stories of strangers who found love while traveling. Q4 2020 hedge fund letters, conferences and more Dow Up, Nasdaq Down 1) Yesterday was an unusual day – it’s very rare that […]
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Read MoreAmericans Are Delaying Home Repairs During COVID-19

With nearly a year in various levels of quarantine and lockdown, people are spending more time in their home than ever before. The effects of the COVID-19 pandemic have been measured in far more than social distancing guidelines though. In September 2020, more than 26 million Americans were unemployed as a result of the pandemic, […]
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Read MoreAmazon Workers Vote On Whether To Form Union, Company Fights Back

Amazon warehouse workers in Alabama want to form a union, but the company appears to be doing everything it can to prevent it. The push in Alabama is the first effort to create a union at an entire Amazon warehouse as workers at the company’s warehouses say their jobs do not meet their expectations. [soros] […]
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Read MoreThese Are The Ten Largest Banks In The US By Asset Size

Banks are the lifeline of an economy, and the U.S. is no different. The country is home to some of the world’s largest financial institutions. Moreover, the size of these financial institutions, especially the top ones, have grown significantly since the Great Recession. As of September, the 15 largest held a total of $12.13 trillion […]
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Read MoreThe Yield Harbinger For Stocks

Indices, for the most part, closed fractionally higher to end the week. But a new headwind for stocks could be more concerning – rising bond yields. Q4 2020 hedge fund letters, conferences and more That correction I’ve been calling for weeks could have potentially started. Likelihood Of A Crash Before Q1 Ends While I don’t […]
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Read MoreCould Silver be emerging from Gold’s shadow and how does it correlate with Oil

Gold has long been the talk of the town thanks to the historical records it set in 2020 and its subsequent price correction, however, could we see a new rival emerging? Q4 2020 hedge fund letters, conferences and more Silver has remained in the deep shadow of the “main metal” for a long time, however, […]
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Read MoreBonhoeffer Fund 4Q20 Commentary: Case Study – At Home

Bonhoeffer Fund commentary for the fourth quarter ended December 2020, providing a case study of At Home Group Inc (NYSE:HOME). Q4 2020 hedge fund letters, conferences and more Dear Partner, The Bonhoeffer Fund returned 20.0% net of fees in the fourth quarter of 2020 compared to up 15.9% for the MSCI World ex-US, a broad-based […]
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