Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

LifeLock

Market Insanity

LifeLock Investing in Hot Air

This makes LifeLock like an insurance company; the memberships give it float, a pool of cash it can access at any time for various purposes. Value investors know that Warren Buffett loves float; that’s one of the reason why he invests in things like insurance companies. They have lots and lots of float.

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