The moral of the story is to stay away from bubbles but never read too much into them. Always remember that at the end of the day, a bubble is nothing but a bunch of fools wasting their money on an overpriced asset. A bubble is simply normal human behavior not necessarily a sign of the apocalypse.Read more
This certainly looks like a bubble that is being driven by fears of inflation. A great many people in the market are afraid the dollar is about to collapse so they’re looking for a hedge.
Bitcoin in particular is great hedge, because it is almost instantly convertible into other currencies, unlike gold. That makes it the perfect alternative for average people who are scared of the dollar.Read more
If you want to understand the origins of the retail apocalypse; and the rise of Amazon (NASDAQ: AMZN), read this book. Does a good job of explaining who Jeff Bezos is and exposing his thought processes.Read more
Select is likely to increase expenses for a lot of Airbnb hosts; because they will have to add expense new amenities such as maid services and toiletries. This will put pressure on hosts with limited financial resources, because there is no evidence Airbnb is planning to speed up payment for bookings.Read more
6. The basic value investing criteria still apply. No matter how overheated the market gets the fundamentals of value investing are still sound.Read more
Airbnb can be fun and profitable but it is also fraught with peril. Make sure you do your homework and prepare for those risks so they will not drain your bank account and ruin your life.Read more
The key to surviving and thriving in the gig economy is to shop around and find the tools and services you will need to succeed. There are lots of great gig economy products and services out there for those willing to search for them.Read more
Crytpocurrencies; like the internet in the 1990s, are a great technology with a bright future but people are being over optimistic. Just as it took 20 years for online retail to mature and go mainstream, so it will take 10 to 20 years before cryptocurrencies truly go mainstream. Expect a lot of ups and downs between now and then.
My prediction is that both bitcoin and ethereum will take a big fall real soon. Wait until that happens and buy because they will come back. The technology is good but it is grossly overpriced.Read more
Last week I noted that The Western Union (NYSE: WU) is enjoying some rare market growth with the help ofRead more
Any of these companies’ reports will provide a good glimpse of economic activity a look at them all might show us where the economy is heading. They might also show us if political and upheaval and destructive trends like the retail apocalypse will continue.Read more