Jim Chanos on Taking Risks Early

I took the biggest risk of my life at age 33 and I was terrified. With a wife and two kids, a mortgage and almost nothing in the bank, I left my management position at a broker-dealer and dropped my Series 7. I essentially bolted from the business I had been in for a decade,…

Stock Market Valuation is a Relative Game

The S&P 500’s valuation on current earnings is more expensive than it was last year and more expensive than it was the year before. Relative to 2012 and 2011, it is not cheap. In addition, it is also expensive relative to the earnings growth rate and to the rate of growth in the US economy…

SNV: Wu-Tang Clan Twentieth Anniversary

Welcome to Saturday Night Video… via BET comes this three-part video looking back at the legacy of the Wu-Tang Clan on the twentieth anniversary of 36 Chambers, one of the most important albums in hip hop history from what is obviously the most talented rap group of all time. Wu-Tang Forever, Happy 20th! Part I…

Barron’s Gets the Bubble Meme Exactly Right

Is there a bubble? Undeniably, there are few of them – in some areas of tech and in the IPO market. Also, some credit bubbles in terms of who can get debt financed at what price. But the entire marketplace or economy is not one giant bubble, as the Prophets of Doom will have you…

The Inevitable Year-End Melt-Up

Is a melt-up for US stocks into the end of the year inevitable? Will benchmark-chasing by the under-invested “professionals” push us into the 16,000’s on the Dow and the 1800’s on the S&P? Even the permabears like Hussman – while still predicting a crash eventually – concede that a continued run-up is more likely than…

“a form of delusion”

SnapChat is “worth” more than $3 billion. Okay, sure, depending on how you define the term worth. If by worth you mean what some other person is willing to pay for it, then yes, sure. But if by worth you’re referring to the amount of value that might someday be derived from it, well then…

This Week on TRB

Here were the most read posts on TRB this week, in case you missed them: Chilling Signs of a Market Top Everything You Need to Know About Stock Market Crashes Update: Intentionally Dumb 3D Printer Trade – One Year Later Lesson: Don’t Fight the Global Fed I Am The One Who Blogs: TRB Turns Five…