Category: Business
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Vice President Kamala Harris introduced a bill to decriminalize marijuana as a senator. GameStop was the darling of the merry band of traders on Reddit’s Wallstreetbets. Then this happened: Ouch. Now the community is looking for its next play. I nosed around the message board a little today to see…
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+ Business+ Cannabis, Gamestop, Investing, Investments, Marijuana, Reddit, Robinhood, Stock Market, Stocks, Wallstreetbets+
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As Tom Brady bagged his seventh Super Bowl, I got to thinking about an interesting trend I was seeing. I was hearing more ads for DraftKings every day. At the same time, Robinhood is exploding in popularity and its army of small traders is moving markets. Were these two related?…
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+ Business+ DraftKings, Gambling, Investing, NFL, Robinhood, Sports, Stock Market, Stocks, Super Bowl, Tom Brady+
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Regardless of which market we look at, we see a similar trend: skyrocketing prices since the beginning of the pandemic. You can see this in the S&P 500, a broad measure of stocks: In commodities: In the increase in real estate prices and the corresponding decrease in capitalization rates (this…
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As someone who makes a living from investing, I have watched the Gamestop/Wallstreetbets events with interest. Today, I decided to venture into the belly of the beast and try to find out what these traders are all about. I noticed two common patterns: 1) Us-vs-them thinking. The individual trader versus…
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+ AMC, Day trader, Gamestop, Investing, Meditation, Mindfulness, Self-improvement, Stock Market, Stocks, Wallstreetbets+
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This morning, my friend Bill* texted me asking if I knew anything about what’s going on with GameStop, whose share price has skyrocketed recently. I may have told him a bit more than he wanted to know! But I thought this text thread might be useful to others too, so…
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A health and economic crisis is scaring nearly everyone right now, including investors. Stocks recovered in record time, but what about investments in real estate? Are they doomed, or is the bad news perhaps a bit overblown? I invest in real estate through Fundrise, which allows me to spread my…
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I recently subscribed to a newsletter from the journalist Matthew Yglesias that has turned out be outstanding. A message I received this morning really struck me. Yglesias argues that the best thing we can do for the poor, given that housing is their biggest expense, is to build housing like…
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+ Affordable housing, Construction, Development, Gentrification, Housing, Policy, Poverty, Real estate, Rent, YIMBY, Zoning+
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Above: Angel investor Jason Calacanis The angel investor Jason Calacanis got in on the ground floor of Uber, Thumbtack, and other highly successful software companies, multiplying his $100,000 investment into $100,000,000 in just 6 years. With results like that, you know I had to read his book! The idea of…
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+ Angel Investing, Future, Futurism, Investing, Non-fiction, Reading, Software, Startups, Tech, Technology, Venture Capital+
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My main business is investment, and some recent developments have gotten me thinking about where markets are headed this year. An end to the pandemic by Q2 2021 is predicted by multiple models (here and here). We’ve seen a substantial increase in personal income in 2020, largely due to the…
Tremendous 