The Spending Will Never Stop

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

In Wednesday’s Daily Journal, anticipating Nvidia (NVDA) releasing earnings later that day, Porter reflected on the dramatic impact this artificial-intelligence (“AI”) chipmaker has had on computing power – and therefore on business and our daily lives. He wrote:

… what is happening in every part of our economy (and the world’s) because of this massive change to computing power, driven by a fundamental leap forward in computer architecture, will change the world far more than Intel did.

By orders of magnitude more.
And it will create massive amounts of wealth – more wealth than we can even comprehend. The world is going to change more in the next 20 years than it has changed in the last 2,000 years.”

On Thursday, we sent The Trading Club members the inaugural issue, consisting of nine recommendations – these are nine quality businesses that fall right in our sweet spot of the mispriced options zone: low fundamental risks at their current valuation, but with what we think are overpriced options contracts – creating a solid option-selling opportunity… On Monday, we will be sending those Trading Club members a video with step-by-step instructions on how to execute these trades.

For those just hearing about it, The Trading Club is unlike anything we’ve ever done before. We’re funding a live account with $100,000 and showing members every move we make as we work toward growing our stake into $1 million over the coming years. Win or lose, we’ll show you every step of the trading process, providing an unmatched level of transparency and accountability… Membership to the current tranche of trades has closed, but to get on the waiting list for next quarter’s trades, click here.

Also on Thursday, The Big Secret On Wall Street team told the story of a leading hedge fund manager whose put-selling bet went wildly the wrong way – eviscerating $100 million in investor money in one day.

We left readers with this two-step lesson:

Fortunately, avoiding these pitfalls is as easy as following two simple rules:

1. Only sell put options on stocks you’d be genuinely happy to own and at a strike price that reflects a good value

2. Always use proper position sizing”

And in Friday’s Daily Journal, Porter wrote about the ratio of gold-to-oil prices being at an extreme, and what that means. He said:

I think the huge disparity between oil prices and gold prices is a warning.

There’s far, far too much speculation in gold and Bitcoin. And it’s not going to last forever. At some point in the future, all those Bitcoin bros are going to wish they owned an oil well, not a Bitcoin server.”

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.