Blog Category: Investing

“Oh! I forgot to tell you. I accidentally made two million dollars this morning,” Dave told me. We were standing in his kitchen. We had been hanging out for awhile when he suddenly realized he had this story to tell me. “How could you accidentally make $2mm?” “James, its really funny. This friend of mine […]

Wall Street is crooked. This is not really a surprise to anyone. I lived on the street. And I worked on the street. Wall Street starts at Broadway and continues down to Water Street. Along the way, it gets crooked. Right around Broad Street it starts to curve. If you are standing at one end […]

It’s not Friday but who cares. The stock market is lying to you. This is the worst open of a year since 1932, the middle of the Great Depression, when there was 20%+ unemployment and it was only going to get worse. Banks were about to get all shut down. People were on soup lines. […]

I’m going to visit the New York Stock Exchange today as a tourist. Last time I was there I felt like killing myself. Last time I was there was around 2010. I used to live on 15 Broad, right across the street from the Exchange. I moved there because before that I lived in The […]

Weird Suits, Free Money and the True Story About How I Saved the Economy With Chocolate….oh and how I’m investing now. It happened. Again. After seven years of holding short-term interest rates at roughly 0%, with no hikes for nearly a decade, the U.S. Federal Reserve Bank last December officially begun to tighten up its […]

I was having breakfast with one of the biggest hedge fund managers. He was telling me his latest ideas. Then he stopped chewing and said, “you know what. You’re a remora.” I didn’t know what that was. The food was practically spitting in my face. “A remora is a fish that is a blood-sucking leech”. […]