The heads are finally starting to roll in commercial real estate. And another $200 billion of office mortgages remain outstanding and will need to be refinanced before the end of 2026. This could turn out much worse than the subprime-lending fiasco from 2007.
It’s commonly believed that Warren Buffett doesn’t buy tech stocks. But, as Porter writes today, that’s not true. In fact, Buffett’s largest personal investment was once into a start-up tech business.
What the arrest of my friend, an extravagant, big-spending real estate broker, has to do with the next big financial crisis.
The finance-industrial complex is not happy about memecoins. Or more to the point, that 18 year-old kids are minting small, and not-so-small, fortunes by speculating on worthless assets. In today’s Daily Journal, we discuss what this means under a Trump administration.
In today’s Daily Journal, Porter explains his evolution as an investor – and why value investing is a dead end, and what’s replaced it for him.
The collapse of Drexel Burnham Lambert in 1990 triggered a collapse of the high-yield bond market: not a single new high-yield issue came to market for the whole remainder of the year. Marty Fridson recounts how the Great Debacle came to be.
In today’s Daily Journal, Porter gives readers the one, big secret to investing. It’s the only real, true secret of finance. And once you understand it, you’ll be a far better investor.
Today, Porter is writing about the legacy he’s trying to build… something outside of finance and investing. Instead, it’s something that symbolizes the things that are so important about being a man: consistency, strength, resilience, tradition, excellence.
Warren Buffett is famous for saying that it is wise for investors to be fearful when others are greedy and to be greedy only when others are fearful. Porter shares an example of one trader whose actions make it easy to recognize where we are now in regards to those extremes.
Bitcoin has soared to close to $100,000. However, buying an asset that’s run up 47% over the past month is generally a bad idea. Right now, Bitcoin is at the shoeshine-boy-is-buying point of the mania… But, as Kim Iskyan writes today, short-term noise aside, the future is clear: And it’s Bitcoin.