Quick: name a publicly traded stock that has gone up 8,500+ percent over the past 5 years. Do you immediately start thinking of Silicon Valley unicorns and IPOs that have occurred sometime since 2014? I know that's the first thing I did. It turns out that China Ding Yi Feng Holdings Ltd., which is an investment… Continue reading China Ding Yi Feng Holdings Ltd.
New Age Beverages Corp (NBEV)
New Age Beverages Corp (NBEV) is a distributor of ready-to-drink teas, coffees, coconut waters, and energy drinks. Brand names under their current umbrella include: XingTea XingEnergy Coco-Libre Aspen Pure I'll forgive you if you haven't heard of any of them. NBEV assembled this motley collection by acquiring other struggling beverage companies. Why were they struggling?… Continue reading New Age Beverages Corp (NBEV)
Tesla: hope is not a strategy
I am a long-time fan of Tesla. I am a long-time fan of Elon Musk's vision and what he has already accomplished. I love their cars (not their SUV), I love their solar roofs, and I love their home energy storage solution. I am always rooting for Musk to succeed in his vision of a… Continue reading Tesla: hope is not a strategy
Slow Reactions: 10Q Risk Factor Changes
Why you shouldn't skim over the risk factors section in a 10K, what the changes can portend, and an example of how it can play out.
It’s not Active vs Passive
You're not as smart as you think you are. Why active investing has a role but it's a lot smaller than you think.
ZIV ETF: how to short volatility
The easiest and safest way to short volatility is to pair it with an asset that benefits from a flight to safety and then trade around the ZIV ETF core position.
GFC: 10 Years Later & Still an Opportunity
The Great Financial Crisis turned out to be the greatest buying opportunity in a generation. While most of the opportunities are long gone, due to regulations that boosted Tier 1 capital ratios there are still two attractive investment opportunities out there.
Pyxus International’s Second Lien Debt
Pyxus International, fka Alliance One International, coordinates the purchase, processing, and storage of leaf tobacco from farmers all over the world and then bundles it all together and sells it wholesale to the major tobacco product manufacturers. They're headquartered in Morrisville, North Carolina and employ about 3,300 people. They recently changed their name to reflect… Continue reading Pyxus International’s Second Lien Debt
Investing with Global Warming
I usually keep a file with random ideas I come across as I’m reading. I use these ideas to try to create two mental frameworks: How the world works; and How the world could work. Simply understanding how the world works is hard enough. Trying to understand how the world could work, and successfully capitalizing… Continue reading Investing with Global Warming
How to Avoid Tariffs
Let me tell you a story about how one company reacted to some accidental tariffs. But first, some background. Tariffs: A Primer A tariff is a tax that is placed on goods that are imported into a country. There are 3 generally accepted reasons to use tariffs. Your country has a nascent industry that you're… Continue reading How to Avoid Tariffs
