Author: James

GME/AMC, Shorts, Robin Hood, & David vs. Goliath Post-Mortem: It Was Never What You Thought It Was

Unless you’ve been living under a rock for the past week, you’ve probably at least heard about the GME/AMC debacle. It’s been framed as the common man beating Wall Street, the little guy beating the big guy, David vs. Goliath, the Rebellion against the Empire… Except it’s none of those things. It makes for a […]

The Market Can Stay Irrational Longer Than You Can Stay Solvent

“The market can stay irrational longer than you can stay solvent.” John Maynard Keynes Here’s a couple examples. Hertz Global declared bankruptcy on May 26th. causing the stock to plunge to 40 cents. Bankruptcy usually means that common shareholders get nothing. The stock becomes worthless and is eventually delisted. Yet today Hertz has rocketed to […]