There’s a new kid on the block. Innovator’s IBD® Breakout Opportunities ETF, ticker BOUT. The goal of this fund is to identify stocks before they break out. Basically, they’re delivering on a style of technical analysis via machine, which I find intriguing. When I was trading stocks, I would often buy on the breakout and…

Articles You don’t have to agree with Barry’s opinions, but you cannot deny the authenticity with which he shares them. By Josh Brown Repeatedly, and assuredly, investors move from mania to mania, sacrificing long-term gains for short-term speculations By Jamie Catherwood Teaching others is the best way to learn By Tony Isola People are more like…

“Russell rarely played the stock market and had little investing experience when he put around $120,000 into bitcoin in November 2017.” This comes from a CNN money article, Bitcoin crash: This man lost his savings when cryptocurrencies plunged. From January 2017 through the peak in early 2018, Ethereum gained 16,915%. Any time you have something go vertical, you just…

On this week’s Animal Spirits, we discuss: How the financial crisis still affects investors What was actually in the death of equities article Where different generations invest there money The 1970s still leave scars Tough times for liquid alts Life insurance is not for saving 150% of Facebook users delete their accounts Will half of…

The easy thing for an investment manager to do during a tough period is to over promise. The hard thing is to tell the truth. Cliff Asness does the latter in his recent piece, which is a must read for investors of all stripes. Is this a huge tactical distress / opportunity? Everyone wants me…

When Amazon filed for its IPO in 1997, it was valued at almost $300 million ($470 million in today’s dollars). Today, there are 95 private companies in the United States valued at more than $1 billion. Private companies are eschewing public markets for longer, and growing larger than they have ever before. In a related…

Articles Our beliefs can calcify and harden in the presence of contradictory information By Josh Brown You are 2.0 software running in 200,000 year old hardware By Scott Bell He is trained to offer a rebuttal to every objection. By Blair duQuesnay No client received the returns By Preston McSwain I’m not going to leave…

Michael Steinhardt once said, “Nothing gives a better feeling to a manager than making money for his or her investors when almost everyone else is losing.” I will never know what that will feel like, but I would imagine that similarly, nothing gives a worse feeling to a manager than losing money when almost everyone…

On this week’s Animal Spirits, we discuss Am I paying too little for stuff? The Athletic has $28 million in VC funding. College tours by private jet. Seriously. Coke is buying a coffee company for $5 billion.  This cannabis company seems fully valued Buffalo wing flavored Oreos Yes, markets are hot.  FIRE Ben’s take on…

It has been 2,555 days since gold peaked in September 2011. The S&P 500 meanwhile is within half a percent of its all-time high. Gold investors have good reason to be frustrated, as the precious metal currently sits 40% below those highs. Gold did fantastically well coming out of the GFC, but like most other…