“It’s been a death trap for investors.” That’s what Warren Buffett called the airline industry in 2013. From 1977–2009, airlines struggled to make a profit. Intense competition and rising oil prices made it nearly impossible for them to make money. Over a 32-year period, the airline industry lost $52 billion. But something changed right around […]
We’re nowhere near an overheated market… That’s the word from investor David Tepper. Regular readers know that I like to follow Tepper’s moves in the markets. (For example, read here and here.) He’s one of the most successful fund managers ever. His fund, Appaloosa Management, has averaged 30% annually over the 24 years that he’s […]
Nick’s Note: We’re in one of the longest bull markets in history. And we think it will go higher… But the market never goes up in a straight line. Today, master trader Jeff Clark explains why he sees a short-term pullback in the next month or two… and how you could potentially profit from it. By […]
Nick’s Note: President Trump is expected to unveil a major tax proposal soon. Today, Palm Beach Letter editor Teeka Tiwari shows you how to stake your claim. By Teeka Tiwari, editor, The Palm Beach Letter Mark September 5, 2017, on your calendar. That’s the day President Trump will likely introduce his new tax plan to the […]
Nick’s Note: President Trump built his brand as a scrappy street fighter. But after a combative press conference earlier this month, longtime PBRG friend Bill Bonner says POTUS might finally be on the ropes… and perhaps down for the count. By Bill Bonner, chairman, Bonner & Partners In professional wrestling, scriptwriters always include what they call […]
Your recap of the week’s most valuable and profitable ideas… Monday, August 21, 2017 This Technology Will Upend the Entire Automotive Industry Self-driving technology is about to completely upend the auto industry. In 2015, automakers shipped 73.9 million autonomous vehicles. That represents a more than $2 trillion market. Fully self-driving cars are on the verge […]
Nick’s Note: When it comes to covering cryptocurrencies, no one in the business knows more than Palm Beach Confidential editor Teeka Tiwari. Today, Teeka reveals another mainstream moment for bitcoin. By Teeka Tiwari, editor, Palm Beach Confidential VanEck is one of the biggest asset managers in the United States. The firm opened in 1955. And in […]