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Doug Kass: Investing in a Storm
thestreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestreet.com Daily Mail and Mail on Sunday newspapers.
Doug Kass: Why I Am Bearish Over the Remainder of 2023
thestreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestreet.com Daily Mail and Mail on Sunday newspapers.
star managers can be harmful to your investment well being.
And that certainly could apply to Cathie Wood s ARK Invest (ARKK) - who is increasingly looking like a toxic cocktail of Tom Marsico, Kevin Landis, and the Munder Net Net Fund. (See today s Wall Street Journal Heard on the Street column.
For many months/years the financial media has idolized, without many (or really any) questions or skepticism, the leading money managers and leading speculative stocks (notably of a SPAC-kind).
Fawning, exaggerated flattery and
made for TV financial superstars who, to paraphrase my Grandma Koufax.
doesn t
know shit from shinola. Case in point was the CNBC panelist who yesterday possessed, with an abundance of hubris, a new definition of inflation that was so whacky and uninformed I will not repeat what he said again.
Kass: Speculation Has Reached an Interplanetary Level Equities are not going to the moon - the majority of stocks, including the high beta/octane kind, are now falling dangerously back through the atmosphere. Stocks quotes in this article: ARKK
Once again, history rhymes. Yolo investing - you only live once - has been heartedly embraced and even romanticized by too many these days - and, tacitly, that includes the media s endorsements.
The failure to temper and provide warnings of the market s uber speculative cycles are a repeated market feature. Workin hard to get my fill
Everybody wants a thrill
Just one more time
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