Getting Beat By Patient Moms Who Love Facebook

May 29, 2017
J. Webster
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This paragraph at the end of Howard Lindzon's blog post shouldn't be overlooked - it's not a throwaway paragraph or idea, I think. It's rather important.
The market is a humbling place. You can work millions of hours reading and writing about the markets and be beat by a kid that loves the chips that power his gaming computer (NVidia and AMD) or mom that loves Amazon and Facebook.
Is there a Mom or a millennial just starting out in investing who loves and believes in SnapChat and is willing to hold on to the stock for ten or twenty

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Is “Margin of Safety” the Most Expensive Finance Book?

May 26, 2017
J. Webster
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Apparently, according to some reviews online, you can just read Seth Klarman's book, "Margin of Safety" at a library in a "locked room" if you don't want to spend close to $1,000 on it. It's also said this book is one of the most stolen library books around, since I'm guessing you can then sell it on eBay or Amazon and just pay or not pay the library fine you've incurred from stealing the book - or saying you lost it. The book was written in 1991 though, so many reviewers and investors are saying it too out

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Just $1,000 Invested In Amazon Gets You $500K

May 15, 2017
J. Webster
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The thing with these things, the only if you just invested in Amazon or Apple or Google ten or twenty years ago, is that could you have actually kept the money in the stock market for that long? Could you have had the patience to wait and just leave the money alone..? Could you have been able to watch Amazon's stock rise and sink and then double and just keep going higher and then lower again through the dotcom collapse and the Great Recession, and then higher once again? That's impossibly hard. It's probably the hardest thing about investing, period.

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Tesla Sell Signal…

Apr 24, 2017
J. Webster
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I don't know, yes, this is all in good fun, but is it a bit harsh to say that Amber Heard dating Tesla CEO Elon Musk means Tesla's stock is a sell? Those who've sold Tesla stock in the past or even shorter the stock have suffered or wished they'd believed in Elon Musk and what he's trying to do with his company. I wonder if Musk will saying anything about dating Amber Heard and how it affects his company...don't think so, and seems like you just don't bet against Musk or Tesla. Wonder if we might see Amber

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Elon Musk Takes Shot at Shortsville

Apr 3, 2017
J. Webster
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There's a rule in the stock market that you usually don't go after the "shorts". The "shorts" being those investors/traders who are shorting your company's stock. It just hasn't proven to be a successful strategy. During the financial crisis, banks in trouble blamed the shorts. But in this case, Elon Musk is sort of stomping on the shorts while his stock soars higher. Who knows who will be right in the long run, but probably not a good idea to bet against someone who's landing rocket ships on boats. Today Tesla's stock is up nearly 6% and hit a new

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Kellyanne Conway Spoke at Point72 Asset Management

Apr 2, 2017
J. Webster
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I wonder just how much Kellyanne Conway was paid for her "speaking engagement" at Point72 Asset Management? I guess, according to the financial disclosure it had to be at least or more than $5K. But when exactly did she give the speech, was she working for Ted Cruz or Donald Trump at that point? I think the primary was over so it would have when she switched to Trump. And it's not the first time Conway has given how some stock market related advice, she's tweeted out the markets like Trump's "policies, actions and vision".
Kellyanne Conway, one

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Robert Mercer’s Hedge Fund Trying to Avoid Tax “Abuse” Charge

Mar 19, 2017
J. Webster
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Just how long does the hedge fund Renaissance Technologies hold on to a stock? What's the average time period they hold on to a stock in general? I'm guessing it's a bit shorter than say, Warren Buffett,...who might hold on to a stock for ten or twenty years while Renaissance Technologies might trade in and out of a stock in less than a second. I'm also guessing that the Trump administration is going to side with the reclusive hedge fund tycoon who backed his campaign on this one...but man, nearly $7 billion owed in taxes on this question of short

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That Time Steve Bannon’s Dad Sold All His AT&T Shares…

Mar 15, 2017
J. Webster
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Back in 2008, when the stock market was in the midst the financial crisis and the economy was on the verge of the Great Recession, Steve Bannon's Dad decided to sell all of his AT&T shares based on a Jim Cramer interview on the Today Show...? Why sell all of your AT&T shares when they have a dividend...? And AT&T isn't a high flying Internet stock, it's an old school buy and hold and collect the dividend stock. In fact, I'm sure it's one stock that Cramer would have said not to sell, since it has a dividend. I think AT&T

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S.A.C. Capital Wanted to Know If There Was a Penny Change…

Mar 10, 2017
J. Webster
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S.A.C. Capital did a lot of trading of stocks...and they demanded something in return for all that stock trading. If a firm was going to change their expectations of a company's earnings, even by a penny, they wanted to know before anyone else. That's just the way it worked they thought. If they were spending so much money with a firm trading stocks...they wanted to know if any analysts changed their earnings estimates or if they were going to upgrade or downgrade a stock. So it's what S.A.C. Capital demanded of Goldman Sachs, it seems... And interestingly enough,

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Everyone’s Favorite Massage Therapist at S.A.C. Capital

Mar 10, 2017
J. Webster
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This isn't quite like some of the "massage methods" used in Showtimes' TV show Billions, but hedge fund traders at S.A.C. Capital had a favorite massage therapist who would walk on their backs when they got too stressed out about certain stock trades they'd placed that weren't going their way.... This is just one of many crazy details in the book Black Edge about S.A.C. Capital and its founder Steve Cohen.

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