Bill Ackman is one of the smartest investors we know of. On Tuesday, he finally admitted to one of the dumbest investment mistakes we’ve ever seen… Ackman has run the Pershing Square Capital fund since 2005. The fund takes concentrated positions in just a few companies. Rarely does his $15 billion portfolio own more than […]
President Trump is about to embark on the boldest public spending spree since Roosevelt’s New Deal… That’s good news for ordinary Americans. Trump is following through on his pledge to make America great again. And it’s great for the stock market, too, as billions flow into companies that help build roads, bridges, and airports. But […]
In yesterday’s Daily, we told you one of the best shortcuts to picking great stocks is to follow the best investors. And it’s easy to do. Just look at the quarterly 13F filing. [All funds that have more than $100 million under management need to file a quarterly 13F report with the U.S. Securities and […]
David Tepper might be the best investor you’ve never heard of… Tepper runs the $20 billion hedge fund Appaloosa Management. This fund consistently thrashes the market. In the 24 years Tepper’s run his flagship fund, he averaged 30% annually. But he’s a private individual. You don’t see him on TV very often. And he doesn’t […]
Last month, the Venezuelan government revoked the bank account of Surbitcoin, the country’s largest bitcoin exchange. The company was forced to suspend operations. And bitcoin owners who used the service had nowhere to store their currency. That same month, the Chinese government issued a string of new policies to crack down on bitcoin exchanges in […]
By Teeka Tiwari, editor, The Palm Beach Letter Today, I’m going to break one of my rules… For the most part, I actively discourage speculation in The Palm Beach Letter. In my experience, most people are horrible at it. They risk far too much money on ideas that are far too poor. So you might […]
Weekend Edition: Your recap of the week’s most valuable and profitable ideas… Monday, March 6, 2017 How Trump Is Following Obama’s Playbook At the Daily, we’re about making money in the markets. We don’t take sides on political debates. But the truth of the matter is we see a large trend taking place in the […]