Something that often defines your approach to markets is how you came up in the business. You meet people who started just before the crash of ’87 who are always looking for another Black Monday. Maybe they came in when…
Everybody’s wrong about tequila. Drinking too much tequila around the Fourth of July in 2016 got me uber-bullish. Let me take you back, to much simpler times, when I didn’t have any children and it was just me and my…
Contrary to popular belief, the market doesn’t move based on fundamentals. Asset prices move based on positioning, or a lack thereof. In other words, we know for a fact that prices are not necessarily driven by the underlying “fair value”…
Have I told you about that time Sean and I got kicked out of the Tokyo Stock Exchange? I’ll save that story for another day. But I will say this: The coolest part about the Tokyo Stock Exchange is not…
Humans are always looking for ways to hack the system. It’s perfectly natural. We’re efficient animals who can multitask without even realizing it. How many times have you driven your car home while thinking about a million other things. And…
Not too long ago people were telling me how easy it was to get 4% to 5% “risk free” investing in U.S. government bonds. “But JC, why would I buy stocks when I can just get my guaranteed 4% and…
One of the most historic short squeezes I’ve ever seen in my 22-year career actually came this cycle. Short-sellers were running rampant throughout 2022. The majority of stocks peaked in 2021, and the selling continued throughout the first half of…
Every big move you see in the market is some type of squeeze. When a stock is up 10%, 20%, or even more in a short period of time – and it happens many times – someone is blowing up. …
Monitor your media diet. Are you going to wake up on Monday morning at 6 am and put down three cheeseburgers and fries with an ice cream sundae? No, of course not. That would be ridiculous. Well, waking up and…
It was Wednesday afternoon, and I was shooting an interview with the talented Catherine Murray. Off camera Catherine said to me, “You’re not investing in Canada, right?” “You bet I am. Imperial Oil is the best Energy stock in the…
Remember, everybody’s wrong. Today, we’ll focus on how everybody’s wrong about valuations. I’m almost finished reading my friend Barry Ritholtz’ new book, “How Not To Invest.” Barry is the co-founder of the fastest-growing investment advisory firm in the country. He…
This daily e-letter is called “Everybody’s Wrong” for a good reason. We’re not here to waste our time with fundamentals and/or geopolitics. That stuff is too hard. It’s much easier to bet that humans will make irrational decisions. That’s way…
