Category: Investment News

What do a superstar rapper, a college football coach and the No. 1 name on Fortune’s 2010 list of the “50 Most Powerful Women in Business” have in common? Probably not much. But rapper LL Cool J, former Coastal Carolina head coach Joe Moglia and former PepsiCo CEO Indra Nooyi share one important thing… Their excitement for cryptocurrencies. The three recently teamed up to help launch North Island Ventures, a venture capital fund that invests in companies developing crypto- and blockchain-based solutions. They’re joined by billionaire hedge fund manager Paul Tudor Jones, billionaire Apollo Group co-founder Josh Harris and former[…]

Last Dance With Mary Jane? Gooooood morning, Great Ones! Hey, this is not a test. This is Great Stuff’s Reader Feedback! Yes, I know it probably won’t be morning when you read this, but I can’t get Robin Williams and Good Morning Vietnam out of my head. We can thank today’s main topic and its ties to a certain family member of mine who served in those bleak jungles way back when. Anywho … today is the day we brave the slings and arrows (and virtual paper cuts) of your emails by diving into the Great Stuff mailbag. We’ll cover[…]

The GameStop saga of the past week has given us a lot to digest. For some, it has strengthened their convictions about investing. “Hedge funds are bad” is a common theme. “Bad people short stocks” is another. But these ideas aren’t always correct. Let me tell you why… Politics (Just Read It!) The year was 1997 … just a couple days after my birthday. President Bill Clinton hosted Speaker of the House Newt Gingrich at a White House meeting. Neither trusted the other. How could they? They were from different parties. Even after the meeting, both realized they “were not[…]

Hi Ho Silver Lining You know, Great Ones … there just aren’t any good songs about silver. Well, any good popular songs about silver. I’m throwing down some Jeff Beck today if you didn’t catch that from the headline above. Ironically, the lyrics to “Hi Ho Silver Lining” are oddly relevant today: Saying everything is groovy when your tires are flat. Silver prices soared today, with the lead futures contract spiking as much at 13% to $30 an ounce. The second-place metal hasn’t seen this much action since 2012. What’s more, silver mining stocks like Pan American Silver (Nadsaq: PAAS),[…]

It’s one of the greatest trades of all time. Right up there with Paul Tudor Jones’ Black Monday short… George Soros’ bet against the British pound… Or even Michael Burry’s “big short” during the financial crisis. It’s a trade we’ll be talking about for decades to come. A trader working out of his basement who goes by the name “Roaring Kitty” on YouTube turned a $50,000 investment in GameStop call options into a $50 million windfall. That’s a staggering 1,000X return in just a few months. Here’s how he did it… How Hedge Funds Lost Billions Since GameStop’s epic squeeze[…]