A Major Milestone For Bitcoin

At Porter & Co. we are determined to be your best source of investing, economic, and financial insight, and your first choice for information about what to do with your money… in the entire world, bar none.

This is Porter & Co.’s Sunday Investment Chronicles. Every week, the Porter & Co. research team pores over thousands (and thousands) of articles, reports, social media posts, analyses, regulatory filings, and anything else we can get our hands (and eyes) on to understand what’s happening in the world of investing and finance – and to uncover the most original, compelling, and double-head-fake ideas…

… and we curate the best of those here. We do it all the old-fashioned way: Hours of reading and brainpower (no AI curation here). We read everything – for you.

In Case You Missed It

Porter turned Monday’s Daily Journal over to Distressed Investing senior analyst Marty Fridson, who shared a scene from the 1933 film Blondie Johnson to talk about asymmetric information.

“It exists when one party in a transaction has more or better information than the other. The cabdriver didn’t know what Blondie knew about her dollar,” when she swindled him in a game of liar’s poker, and “Blondie didn’t know as much as the cabby did about New York, so she didn’t realize he was taking her for a ride,” and secretly running up her taxi fare.

The lesson Marty provided to readers:

In short, much has happened since Blondie Johnson’s release to reduce the hazard of asymmetric information. You’re pretty safe as long as you’re basing your investment decisions on good old-fashioned fundamental research from a trustworthy source.”

On Wednesday, Porter shared some trading techniques that he offered up to readers a decade ago in one of his classic essays from Stansberry Research. In December 2015, he wrote:

By selling out-of-the-money puts (with strike prices between 5% and 10% below the share price), you can still generate substantial sums of income without any realistic chance of being put (having to buy) the shares.

That might sound difficult or confusing… but it’s as easy as just buying a share of stock if you’re using a good broker. If you’ve never done it before, just try it. And start small.”

We will be sharing more trading tips in the coming weeks in anticipation of our launch of the Porter & Co. Trading Club at the end of the month.

On Thursday, The Big Secret On Wall Street team released its first standalone issue of our 3 “Best Buys.”

There are 43 recommended investments in The Big Secret portfolio – and we only keep companies in the portfolio that we truly believe represent good places to put your money. However, some stocks we’ve recommended provide better opportunities at the moment than others. We wrote…

We believe the three companies we are including as the “Best Buys” in this issue offer the best shelter against a slowing economy, and the greatest opportunity for share-price appreciation regardless of what happens next. Thus, we recommend investors put these names at the top of their “buy” list.”

And on Friday in the Daily Journal, Porter shared with readers how to build a portfolio based on the asset allocation of Warren Buffett’s Berkshire Hathaway. He explained:

Why not build a portfolio (which could become the model for an ETF or a fund) that’s based on Berkshire’s structure and asset allocation, but that’s only made up of world-class businesses that, when measured objectively, are better than their Berkshire analogs?”

He then offered publicly traded replacements – from The Big Secret or the Wealth Creation List he established last week – for each key category in the Berkshire portfolio.

The Best Things We Read Last Week

Out of the hundreds of sources of investment, finance, and economics news and insight we regularly review – our Bloomberg terminal, hedge-fund letters, annual reports, the financial news media, Securities and Exchange Commission (“SEC”) filings, investment newsletters, newspapers, X (Twitter) threads, conferences, podcasts, and more – here’s what we’ve read that we think you might find interesting.