Porter explains today that Bitcoin’s price and its intrinsic value are understandable (and predictable) using standard economic metrics. And even if you’ve never understood the first thing about the internet or Bitcoin, you can easily understand (and predict) its price.
Private credit growing too big too fast is coinciding with the product becoming increasingly available to ordinary investors through exchange traded funds (“ETF”). The story is instructive to both debt and equity investors.
This company is the Michael Jordan of insurance: no one can beat it. Its results are so impressive that the expectations on this business are immense. And we’ve noticed that virtually every time it reports earnings – no matter how good those earnings are – investors are disappointed and the stock sells off.
Porter’s Permanent Portfolio has less than half the volatility of the stock market while earning twice the S&P 500’s returns. Producing massive excess returns with such little volatility is virtually unheard of in the markets. With higher returns and less risk, Porter’s Permanent Portfolio is overperforming our expectations.
Whether you understand it or not, the nature of money is changing forever.
As soon as people get used to using digital money, like stablecoins, they’re going to ask themselves a simple question: why bother using the U.S. dollar at all?
The next few years are going to be devastating for most people all around the world. We’re heading toward a new version of 1929. How ironic it will be if, in the future, people ask about the Great Depression of ’29 and then have to ask, “which one – 1929 or 2029?”
We are in the midst of a currency collapse. An outright default is coming. And, most likely, a civil war. And most people will not see it coming. Here’s what you can do to protect yourself – and your investments.
With tension high in the Middle East after Israel attacked Iranian military sites, we turn the focus today to what happens to the economy and markets when there is violence in the region. The suggestion on how this should affect your investing… surprising.
In today’s Daily Journal, Porter writes that there’s a growing likelihood that the entire U.S. financial system will have to be “reset,” because our government cannot afford these debts.
In today’s Daily Journal, Porter writes that because of the speculation in gold and Bitcoin, and the country’s mountain of debt, America is going to default on its bonds. It happened in the 1930s. And it happened in 1971. And it’s going to happen again.