Here is the backstory behind the 5,000% price hike of Daraprim. In Martin’s defense, the drug is classified as an ‘orphan drug‘, which means there is little demand due to the rarity of the underlying condition it is supposed to treat. In order for phrama companies to profit from orphan drugs, they have to charge… Continue reading The Daily View : Stocks Plunge, RIP American Dream, Why Prescription Drugs are so Expensive
The New Investing Landscape
From The Reformed Broker, There is a limit A lot of people are struggling in this market. Here is the deal. I’m going to divulge research that investment firms normally pay hundreds of thousands of dollars for, for free. It’s a very simple way to not lose your shirt in this schizophrenic, mean-reverting market. First,… Continue reading The New Investing Landscape
Stock Market Rebounds
Back in August and September during the stock market plunge, I recommended going long here and again here. Sure enough, stocks have surged since then, with the S&P 500 up about 9% since my reiteration to buy the dip: The portfolio I ‘manage’ is up 20% this year, vs. 2% for the S&P 500: By… Continue reading Stock Market Rebounds
Reiterate: Buy the dip
Reiterate: Buy the dip The market keeps falling even though the fundamentals of the US economy aren’t worsening. Right now, the major indexes are close to the lows made in August during the beginning of the sell-off. (click to enlarge) The recent selling bears a strong resemblance to prior selling in 2014 and in 2011.… Continue reading Reiterate: Buy the dip
Is James Altucher Right About Never Buying a Home?
James Altucher really doesn’t like home ownership, but repeating an argument ad nauseam doesn’t make it good advice. James had a negative experience with real estate due to bad dotcom investments, in addition to 911, which forced him to sell his newly purchased expensive New York apartment at a loss, not because of New York… Continue reading Is James Altucher Right About Never Buying a Home?
While Many Panicked, Japanese Day Trader Made $34 Million
While Many Panicked, Japanese Day Trader Made $34 Million But the left insists that the markets are rigged, a bubble, a scam….this is not supposed to be happening. Yet again, empirical reality keeps slapping the left across the face. The left says the market is a zero-sum game, yet people (such as the example above)… Continue reading While Many Panicked, Japanese Day Trader Made $34 Million
Everything Keeps Going Up
Aren’t we supposed to be in a bubble, says the media? Why does it refuse to pop? Whether it’s stock prices, web 2.0 valuations, China, or Bay Area real estate, the unending post-2008 asset boom continues with no end in sight. Those web 2.0 valuations keep rising, especially for companies valued at over $1 billion… Continue reading Everything Keeps Going Up
Evidence That America Is Not In Decline (long post)
Rumors of America’s decline have been exaggerated. Vox Day, in a recent post, writes: What we are witnessing is nothing less than the gradual demise of the biggest, wealthiest economy in world history. It is truly a privilege and an education to behold. It is rather like being able to witness the death of the… Continue reading Evidence That America Is Not In Decline (long post)