Is Biden golfing today?
This same day four years ago marked the first of Trump’s 298 taxpayer-funded golf-club days.*
Of CTHR’s rise I wrote yesterday: “I have no idea what’s going on.”
Here’s what was likely going on: Tuesday’s “Dumb Money Live.” (Thanks, Brian!)
I’m thrilled they’re enthusiastic about the company and its fake diamonds. I am, too.
(“Diamonds are ridiculous,” you will read on page 36 — for free, if you use Amazon’s “Look Inside” feature.)
But with CTHR having tripled in less than a year, the fellow who says he just bought $150,000 worth may well have bought some of it from me.
As this was money I could truly afford to lose — and as now I had three times as much of it (without having to worry about taxes, because the shares I sold were in my IRA) — I turned around and bought more ANIX, up 25% or so from where we bought it a year ago, but still one of those swing-for-the-fences investments you know I find it hard to resist.
Investments like PRKR, that was up another 9% yesterday.
Is all this getting too easy? One sober-minded pro, Howard Marks, offers this perspective.
Bottom line: he doesn’t know.
So I’ve set aside a decent amount of cash, earning next to nothing, in case amazing opportunities arise, as periodically they seem to do.
*Even if you never sank a putt in your life. you’d enjoy Commander in Cheat: How Golf Explains Trump.
Quote of the Day
John Wanamaker found an employee in a dispute with a customer. She wanted a blouse that was being sold only with a skirt. The clerk was insisting they only came together. Wanamaker walked over to the clerk and whispered in his ear the secret of marketing: "Give the lady what she wants."~.
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