Tilson cannot help himself shoots off another email about Bitcoin – presented with excerpt besides end where everyone who cares about opoid crisis, good journalism, and/or the future of the world should donate to SIRF even though Tilson is a lot wealthier than I am i just donated 2x his total for $200 to SIRF – hoping some readers can crush that number and hope whitney reads this and ups his donation too! Note i donarted from my personal PYPL account and the views of myself do not necessarily reflect those of VALUEWALK LLC
Sorry for the burst of emails in the last 24 hours – and trying to tie up loose ends before I head to the airport in 15 minutes – we’re off to Argentina for two weeks for a family vacation with my parents, my wife’s parents, and her cousin and her two kids – an even dozen in all. It should be a blast!
Pros And Cons Of Tail Risk Funds
Editor’s note: This article is part of a series ValueWalk is doing on tail risk hedge funds. The series is based on over a month of research and discussions with over a dozen experts in the field. All the content will be first available to our premium subscribers and some will be released at a Read More
1) You want to know why I’m being so vocal in my warnings about bitcoin? Because a lot of unsuspecting people who can’t afford to lose a lot of money are likely to get obliterated.
The most heart-breaking, infuriating story I heard last week was from my buddy who used to be a Navy SEAL and now trains candidates in BUD/S. I have such respect for these guys, the training they endure, their discipline, integrity, bravery, etc. – that’s why I went out and let them kick my butt for 62 consecutive hours – TWICE (here’s a story about it: Hedge fund and finance gods are spending their weekends doing an intense Navy SEAL training program). Active duty SEALs are away from their families for six months at a pop and are literally putting their lives on the line for all us, raining huge amounts of hurt on bad guys who are plotting against us.
So what are many of them they doing with their year-end bonuses, according to my friend? BUYING BITCOIN!
It pisses me off that regulators and others are allowing/enabling an obvious bubble that’s drawing in unsophisticated, vulnerable investors right at the peak – when it’s highly likely that they’re going to get crushed!
2) This is hilarious (and true)! Late Night With Seth Meyers: Bitcoin Commercial: What Is It and How Does It Work?, www.youtube.com/watch?v=aeMv9uKpAZg&feature=youtu.be (3 min)
3) Gotta love The Onion!
NEW YORK—Saying it may account for the precipitous drop in the digital currency, financial experts on Friday told reporters that the recent plunge in bitcoin value could reveal vulnerabilities in crazy imaginary internet money. “This should serve as a clear indicator of how susceptible weird invisible money that only exists online can be to sudden fluctuations in the market,” said economist Bernard Gregerson, explaining that the 18 percent decline in bitcoin’s value might be a predictor of more drastic fluctuations to come in the price of bizarre make-believe cryptocurrency that has no reality in the physical realm. “This volatility may be connected to the fact that we’re dealing with a pile of ones and zeros with no attachment to any bank or government and calling it legal tender, but we can’t say for certain.” At press time, bitcoin had recouped some of its losses, which experts attributed to the fact that even ghost money best suited for anonymously buying heroin could sometimes rebound.
4) I loved this excerpt from Sam Walton’s autobiography:
Founder of Wal-Mart’s Reaction to Learning He is the Richest Man in America
- December 12, 2017 at 9:49 am #5351
This is an excerpt from the intelligent fanatic founder of Wal-Mart, Sam Walton’s autobiography, Made In America:
5) My friend Roddy Boyd, who does GREAT work, with an appeal for support (I sent him $100 via his PayPal account at: [email protected]):
The Southern Investigative Reporting Foundation just got a major grant. It’s a no holds barred game changer for us, truly: a value well into the six figures, has no strings attached and is purely for operational purposes.
The donor only asked that we try and raise $ against it. In other words, for every buck donated he’ll chip in one with the sky nearly the limit – but only until 12/31.
This has the very real possibility of changing SIRF from a one-man band into a financial accountability force. While investigative reporting might not leap to everyone’s mind as a year-end charity, I’d ask them to consider life without SIRFs reporting on Insys Therapeutics, Valeant Pharmaceuticals, DaVita Inc. and so many others where our reporting led to arrests, illuminated hard truths and otherwise changed corporate prospects.
Anyhow, SIRF can take PayPal, wires and thanks to our new brokerage account, even shares and, dare I say it, even BitCoin.