Citi’s $900M Whoopsie

[February 2021 update: Citi lost their case, but it's on appeal and not looking good for them. Matt Levine has his normally hilarious take on the ruling. I also learned a new legal doctrine as part of this whole brouhaha. Luckily I learned it from the bleachers.] Back in August of 2020, so roughly 3… Continue reading Citi’s $900M Whoopsie

Perfect Trades vs Perfect Investments

One of the great things about the internet and social media is all the investing and trading greats sharing their views and opinions. And then there are random guys like me. As I was checking in on Tesla's results last month and reviewing the post I wrote a year ago regarding Tesla's stumbles, realizing that… Continue reading Perfect Trades vs Perfect Investments

Will Legacy Liabilities Sink General Electric (GE)?

August 15, 2019 was a rough day for General Electric's (GE) stock. Harry Markopolos, the guy who unraveled the Enron accounting fraud, released a 169-page report claiming that GE was a bigger fraud than Enron. The gist of the report was that GE was hiding a bunch of long-term care insurance liabilities and that if… Continue reading Will Legacy Liabilities Sink General Electric (GE)?