Venture Society

11/13/2020

Vaccine Rallies Stocks & Oil, Sinks COVID Trade, Tech, Gold, USD… But Will It Last?

Pfizer’s pre-market announcement yesterday that their COVID-19 vaccine was 90% effective sent shockwaves through the market. Stocks were pushed back to all-time highs. Oil rallied. Tech tanked, as did COVID-related work-from-home stocks, gold, and the US Dollar. Dogs and cats living together…mass hysteria! Most of this makes sense. If an effective vaccine […]
11/10/2020

The Investor’s Biggest Problem and His Worst Enemy

I spent the first 10 years of my career learning how to pick stocks. And even at that, I will continue to make mistakes. After hundreds of site visits and mistakes and successes on both the technical and financial side, I’ve found a framework that works for me. Almost as […]
11/06/2020

Recount: Market Lessons Learned From the 2000 Election

With the possible exception of Will Ferrell’s George Bush impression, most memories of the 2000 election aren’t exactly positive ones. I consider myself a pretty level-headed person, and even all these years later, the name “Chad” still induces a little cringe. Though admittedly it was a pretty solid Halloween costume. At any rate, there are […]
10/23/2020

Top Gun: US Destroyer Buzzes Through Taiwan Strait, Rankles China

I’m not sure if there’s a more iconic 80’s movie than Top Gun. It has all the trappings of the era – a killer soundtrack, a tall blond antagonist, a quirky sidekick, an athletic montage, a blond love interest, Meg Ryan, and tons of one liners. Oh, and Tom Cruise. When it was announced they were making a sequel, all this pop culture (and aviation) enthusiast could think […]
10/21/2020

Leverage: Robinhood Traders Piling into Call Options Again

Every year, there are three days that I look forward to more than any others. The first happens in mid-February, when Major League Baseball pitchers and catchers report to spring training, and the second is Opening Day. Sadly, both were disrupted this year by the outbreak of COVID-19, leaving those of us who “rely […]
10/19/2020

Are Oil Wells Going Dry – And Is This the End of the Supermajor?

On August 27th, 1859, George Bissel and Edwin Drake changed the American petroleum industry forever. The two men were responsible for the first successful use of a drilling rig for a commercial well. Drilled especially for oil. Named the Drake well, and drilled to a whopping depth of 69 feet, […]
10/15/2020

It’s All Relative: Banks, Funds Upbeat on Downtrodden US Economy

The hardest class I ever took in college was Physics, and it wasn’t even close. While some concepts were fairly straightforward – Newton’s Laws, for example – the mathematics underpinning them was anything but. Moreover, the successful communication of both concepts and mathematics often proved beyond the ability of mortal human professors. […]
10/12/2020

Trump Doesn’t Pay Taxes, Why Should You?

How would you feel if you found out that the average American billionaire pays less in taxes than you do? Not just a little less. In fact, one of them has paid zero taxes in ten of the last fifteen years. In 2016 and 2017, he paid $750 a year in income taxes. […]
10/09/2020

Eruption: Markets Explode Higher Despite Hurricane, Debates, COVID, Unemployment

From the moment I first tuned into MTV as a child in the early 1980’s, I was hooked for life. There was something about bringing a visual dimension into the music I loved that made it all the more memorable. But even with all the amazing records put out during that period […]
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