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
For all those whose cares have been our concern, the work goes on, the cause endures, the hope still lives, and the dream shall never die.~Ted Kennedy
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