Nick’s Note: At the Daily, we’re proponents of free markets and what longtime PBRG friend Bill Bonner calls win-win deals. But what happens when the government becomes the main dealmaker? Bill says the answer can be found in the distressed neighborhoods of West Baltimore. It’s a must-read… By Bill Bonner, chairman, Bonner & Partners “Trump […]
President Trump is gearing up for a war with China… Facebook is facing a gigantic scandal… World governments are cracking down on cryptocurrencies… These types of headlines scare most investors. But not longtime Daily readers. You know we look behind the headlines to find profitable opportunities… and we had our hands full this past week… […]
No company is more unloved right now than Facebook… The social media giant’s shares have crashed more than 20% in the wake of the Cambridge Analytica scandal. For those who don’t know (or who need a recap), news broke last week that research firm Cambridge Analytica had harvested data from 50 million U.S. Facebook users. […]
“Companies clamp down on crypto ads as regulators play catch-up” —Reuters, March 27 “Cryptocurrency value slides again after turbulent month” —The Independent, March 27 The two headlines above are typical of what we’ve seen recently when it comes to cryptocurrencies. They’re meant to scare people. Investors fear the government will ban bitcoin and other cryptos. […]
A new record has been set in the venture capital (VC) world. South African VC firm Naspers just made a 60,000% return on a single investment. In 2001, Naspers bought a $32 million stake in an unknown Chinese web company called Tencent. In the 17 years since, Tencent has become indispensable to the average Chinese […]
The market plummeted again. Last week, the S&P 500 fell 5.9% and the tech-heavy Nasdaq 100 fell 7.3%. It was the biggest weekly drop since the market correction in January 2016. It’s made investors nervous. My phone has been going crazy with people asking, “Why now?” and “What should I do?” I’ll explain everything you […]
Nick’s Note: At the Daily, we’re always prepared… whether the markets are going up or down. That’s why we’re sharing another piece from Dan Denning, coauthor of The Bill Bonner Letter with longtime PBRG friend Bill Bonner. Like us, Dan’s a strong supporter of asset diversification. Below, he shares the asset allocation model he and […]