18 days ago
No doubt this will be deemed misogyny, but Cathie is one hell of a dumb bint. She is the fund manager who reckons, based on piss poor analysis, that Tesla (TSLA) is worth $3000 and it is by far the biggest holding in her Ark Fund which you can and should short aggressively. Her fund also holds shed loads of illiquid shit and so has the potential to be Neil Woodford on steroids. But here is a tweet which shows that Wood makes Woodford look like Einstein.
33 days ago
Suddenly we dinosaurs who did not understand why a worthless piece of code, which was inherently vulnerable to substitution by other worthless but cheaper pieces of code, was so valuable don’t look quite so dumb. Bitcoin is down by 18% at sub $35,000 having been $64,870 just four weeks ago. This time it is not the prick Elon Musk to blame, the bubble today is being pricked by China.
35 days ago
We are now well over £30,000 (with gift aid) for Rogue Bloggers for Woodlarks so that is 70% of our target – if you are yet to donate, please do so HERE. In the podcast, I discuss MyHeathChecked (MHC), Zoetic (ZOE), bitcoin, Tesla (TSLA) and Argo Blockchain (ARB).
35 days ago
After part one of the Musk pump and dump and then volte-face on bitcoin, the great fraudster faced the problem that Tesla (TSLA) was still sitting on around half of the $1.5 billion of bitcoin it had bought to great fanfare in February. But this bitcoin is dirty and environmentally tainted said the great green auto-maker – what to do with it?
39 days ago
I start with the frustrations of a visit to Tesco (TSCO) Wrexham. Piss poor customer service. Then I look at Manolete (MANO) where I smell more trouble ahead. Then I move onto bull market madness and how it will end in tears for my mother-in-law, Elon Musk, Tesla, Bitcoin, Jonathan Bixby, Mike Edwards, NFT Investments, Clarify Pharma, Argo Blockchain (ARB), Novum Securities and Uncle Tom Cobley and all.
39 days ago
Some of us have pointed out for a good while that mining cryptocurrencies consumes enormous amounts of electricity and if you are into all of that global warming green shite, which I am not, then you should not be going near bitcoin. It seems that having ramped bitcoin and crypto, Elon Musk has finally noticed this too.
40 days ago
It has been an excitable week for global markets and certainly anyone (foolishly) heavily weighted in technology and related stocks has not had much fun. For example, it has been fascinating to watch the performance shocker currently being suffered by a leading female US fund manager, Cathie Wood, who a few months ago was being presented as a multi-year genius. Personally, I am still far from convinced that having Tesla as one’s biggest position by a mile is even moderately sensible. Anyhow – and certainly by late yesterday or earlier today – there were plenty of genuine panickers out there. And what do I think?
63 days ago
For Ms Lingerie on Expenses MBE things go from bad to worse. As the FCA Criminal Investigation into her alleged misuse of client funds cranks up, as demonstrated HERE, at Drive Software, the company she owns and claimed was Tesla meets Fitbit, it looks ever bleaker with a crash landing in tits up alley now only a matter of time.
96 days ago
We have seen this sort of time in history before but it is rare. Elon Musk has just filed with the SEC to change his job title to “Techno-king Tesla”. His FD is now “Master of Coin”. These guys are smoking their own bullshit. And bullshit it is because Musk is an industrial scale liar but, for now, the faithful do not care.
114 days ago
As ever there will be folks writing off 90 year old Warren and his 97 year old business partner Charlie Munger. Berkshire Hathaway underperformed the S&P in 2020 as it did in 2019. But since 1965 it has delivered an annual return of just over 20%, the S&P just over 10%. The man is a genius and does not hold back. His top quote this year is:
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