“Do you realize what you just did? You just bet against the American economy.” That quote is from the 2015 movie The Big Short. (The movie is based off the 2010 Michael Lewis book of the same name.) The line was uttered by the character Ben Rickert (played by Brad Pitt). In the movie, Rickert […]
By Nick Rokke, analyst, The Palm Beach Daily Your bank may be ripping you off. And chances are you don’t even know it… In September 2016, federal regulators charged Wells Fargo with secretly creating nearly 2 million phony accounts. The ghost accounts earned the bank unwarranted fees and allowed Wells Fargo employees to boost their […]
They called the deal a stinker… Abbott Labs is a 129-year-old medical device company. In the early 2010s, that company found itself mired in slow growth. Management was convinced that the problem laid with its drug division. So in 2013, management decided to split the company in two and jettison the underperforming drug portfolio into […]
Tim Draper knows how to make money off bitcoin… Draper is one of the most successful venture capitalists in the world. In 2015, the World Entrepreneurship Forum named him “Entrepreneur for the World.” He once had a 10% stake in the video and text messaging application Skype. In 2005, eBay bought Skype for $2.5 billion. […]
Editor’s Note: Last week, longtime PBRG friend Bill Bonner told us how a secretive cabal of unelected officials he calls the Deep State had weaseled its way into the Trump administration. In today’s guest essay, Bill says Team Trump is taking on some elements of the Deep State while cozying up to others… By Bill […]
Weekend Edition: Your recap of the week’s most valuable and profitable ideas… Monday, March 20, 2017 How You Can Profit by Putting “America First” President Trump has pledged to restore U.S. manufacturing by enacting protectionist policies such as tariffs. That’s why we surveyed the landscape to identify the U.S. companies that will do the best—and […]
We’ll just come out and say it… Selling people addictive products is a profitable business. Just look at the chart below. The blue line shows the gains of tobacco giant Altria Group (formerly Philip Morris) since 1981. The green line shows the S&P 500 over that span. As you can see, Altria’s gains crushed the […]