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How You Can Buy Facebook at Half Its Valuation

How You Can Buy Facebook at Half Its Valuation

Dear reader, In 2017, anyone thinking of buying online-retail giant Amazon (AMZN) saw a massive price-to-earnings (“P/E”) ratio of 190. With a P/E ratio this high, many people likely walked away from the stock… and missed out on a 50% gain since then. In 2015, investors looking at social media giant Facebook (FB) saw a […]
The Glory Days of Conglomerates Aren't Entirely Over

The Glory Days of Conglomerates Aren't Entirely Over

Dear reader, We live in a cyclical world. Consumer trends are a great example. During the 2000s, we couldn’t wait until the next generation of cellphones came out… with each phone smaller than the previous one. The Samsung Juke, released in 2007, had a 1.4-inch display. Today, each generation of smartphone is bigger than the […]
The 'War of the Currents' and the Demise of a Market Darling

The 'War of the Currents' and the Demise of a Market Darling

Dear reader, In 1893, the battle for the future of the U.S. – and the world – was underway in Chicago. The World’s Fair was accepting bids to provide power for the international exposition, and inventors Thomas Edison and Nikola Tesla were both eager to prove the superiority of their electrical systems. Tesla teamed up […]
Elizabeth Warren and FDR Disagree on How to Fix Income Inequality

Elizabeth Warren and FDR Disagree on How to Fix Income Inequality

Dear reader, Share buybacks are a battleground for politicians and economists alike. Back in 1936, in the depths of the Great Depression, Democratic President Franklin D. Roosevelt claimed share buybacks could be a solution to income inequality. His argument was that capital languished in corporations that paid lower taxes than investors, and so the federal […]
Making Money By Watching Paint Dry

Making Money By Watching Paint Dry

Dear reader, It takes 13 years to paint the George Washington Bridge from end to end. As more than 50 million vehicles cross every year, around 20 workers clamber up the scaffolding of the 88-year-old bridge, paintbrushes in hand. In order to qualify with the Port Authority of New York and New Jersey, applicants are […]
Continuing the Conversation About Real Estate Investing

Continuing the Conversation About Real Estate Investing

Dear reader, We received some great responses to our article from Monday on real estate investing: The Most Common Investment in the U.S. is a Bad One. One of our readers’ questions came from Jacob S., who asked… I would be interested in Joel’s analysis of housing appreciation verses stock increases if he were to […]
A Real-Life HBO Show

A Real-Life HBO Show

Dear reader, It’s been tough living in a post-Game of Thrones world. Nothing makes a long day pass by faster than knowing you’ll be stepping into the world of Westeros after. However, one of cable network HBO’s newest shows, Succession, recently caught my attention… For the uninitiated, Succession is the story of a billionaire media […]
Zen and the Art of Investing in Car Maintenance

Zen and the Art of Investing in Car Maintenance

Dear reader, Many theological studies focus around the idea of cosmic dualism. This, of course, is the concept that the universe is governed by opposing forces. There are many manifestations of dualism… Good and evil… the Taoist and Zen concept of Yin and Yang – which comes to represent a number of opposing forces (light […]
The Most Common Investment in the U.S. Is a Bad One

The Most Common Investment in the U.S. Is a Bad One

Dear reader, There is a type of investment that’s riskier than the S&P 500, and has performed worse on average than the stock market. It also regularly requires investors to use debt to buy it – amplifying its risk. Yet most Americans have more money locked up in this asset than they do in stocks. […]
The Upside for This Futures Company Is Over

The Upside for This Futures Company Is Over

Dear reader, In the early 18th century, the ruler of Japan was in trouble… all due to the price of rice. In feudal Japan, rice was the most important source of food for farmers. Due to its value, it was paid to local nobles known as “daimyo” as a tax. As these lords then paid […]