Tuesday, November 29, 2022

Should One Tech Firm Be Worth More Than All Energy Stocks Combined?

By Herb Greenberg

Over the past year, I have become a big fan of the folks at market research firm Kailash Concepts... And that's not just because I have since become an ambitious user of their data. I also like the way they think and – perhaps more important – who they are. And while I'm no longer […]

Tuesday, November 15, 2022

Is the 'Stadium Curse' Fact or Fiction?

By Herb Greenberg

Last week saw one of the greatest fiascos to hit the land of cryptocurrencies... On Friday, crypto exchange FTX filed for bankruptcy. It could be another example of the "Stadium Curse"... The blowup comes less than two years after FTX shelled out $135 million to replace American Airlines' (AAL) naming rights for the home of […]

Friday, November 11, 2022

The Tale of Two ETFs: Proof That Nobody Knows What ESG Really Is... And a Comment on the FTX Fiasco

By Herb Greenberg

You could see the ESG mess coming from miles away... ESG, of course, stands for "environmental, social, and governance," which sprang out of nowhere in recent years to become the centerpiece of institutional investment strategies everywhere. It's the old "socially responsible investing" on steroids. Never mind that there are no real standards to signify what […]

Tuesday, November 8, 2022

A Possible Ray of Hope

By Herb Greenberg

Is the stock market at an inflection point? Don't we all wish for this to be the case, unless of course this really is the end of times. I'm in the camp that says this market still has to go through a deep cleansing... and that's based on nothing more than my worldview of common […]

Tuesday, November 1, 2022

An Overhyped AV Developer Implodes

By Herb Greenberg

One of the early essays I wrote when I joined Empire was a warning about the hype surrounding autonomous trucks and flying taxis... They both had been part of my focus during the few months I had spent trying to get into activist short selling. For a variety of reasons, neither topic made the cut […]

Friday, October 28, 2022

The U.S. Treasury's Poor Excuse for a Website... and the Taiwan Risk Beyond Chips

By Herb Greenberg

I laughed out loud when I saw that the government's TreasuryDirect site had been crashing under the weight of a last-minute rush by investors to buy I bonds... Today is the last day for investors to sign up to get 9.62%, before rates fall to an expected 6.47% for the next six months – still […]

Friday, October 14, 2022

My Annual Rant on Medicare Drug Pricing

By Herb Greenberg

If you want to know how broken the health care system is – and how outrageously crazy drug pricing is – look no further than Medicare drug plans... If you're not 65, I'm sure you'll stop reading – and that's fine. I would, too. This doesn't apply to you. But one day... it will! So […]

Thursday, October 6, 2022

The Simplest Way to Take Back Your Financial Future in Today's Market Chaos

By Herb Greenberg

Between overhyped IPOs, crypto scams, and meme stocks, it's never been easier to lose money in the markets... At the same time, the prices of everything – gas, food, your electric bill, and just simple takeout – have shot higher. While there are signs of relief in some areas, inflation remains near 40-year highs... According […]

Tuesday, October 4, 2022

ETFs and Systemic Risk, Too Much Inventory, and Introducing Empire Real Wealth

By Herb Greenberg

Was I wrong, or was I just early? Back in 2010, while I was working for CNBC, we did a series called "Man vs. Machine" about the role computers and high-frequency trading were playing. The series followed a machine-generated "flash crash" that sent shockwaves through the markets... In retrospect, the entire series was well ahead […]

Friday, September 30, 2022

Why Companies Are Purposely Understating Earnings... And Narcissists Who Lurk Among CEOs

By Herb Greenberg

We know companies game the system, especially when it comes to earnings... But intentionally understating them? That appears to be the case, or at least it was in the first half of the year, according to a recent report from my friends at New Constructs – run by David Trainer. As summarized in this recent […]

Tuesday, September 27, 2022

As the Market Gets Crushed, Look Who's Having the Last Laugh

By Herb Greenberg

The topic of 'savers' is never popular if you write about investing... It's also enough to get you laughed off the stage on financial Twitter, or "FinTwit," as it's called. But the market is finally starting to go their way. Think about it... Much of the recent mania was driven by millennial investors who were […]

Friday, September 23, 2022

Some Perspective for Rising Rates in the Housing Market... Plus the Latest on Opendoor

By Herb Greenberg

With mortgage rates hovering at around 6%, the effect on housing is obvious... This is making it a topic of discussion, seemingly... everywhere. And for good reason: The increase in rates is a jaw dropper. It's pretty much summed up in this tweet from Charlie Bilello of Compound Capital Advisors... Source: Twitter/@charliebilello He added... Source: […]

Tuesday, September 20, 2022

Not Every Company Adjusts Earnings, Like This Very 'Boring' One

By Herb Greenberg

Some businesses are so straightforward and boring that they don't have to twist anything to make the numbers look better than they are... Consider Fastenal (FAST), an enormously successful company that distributes screws, nuts, and bolts. A business doesn't get more boring than that... I mentioned the company in the most recent issue of my […]

Friday, September 16, 2022

Friday Night Dumpster Diving

By Herb Greenberg

Friday nights aren't just for high school football in Texas... It's when public companies often wait to file bad news with the Securities and Exchange Commission ("SEC"), which they hope will go unnoticed since by the time the news drops everybody on Wall Street has gone home. They've been doing it for years... no, make […]

Tuesday, September 13, 2022

The Congressional Gravy Train Chugs On

By Herb Greenberg

I go out of my way to steer clear from writing about politics, but I'm finding it hard to sit still on one story in particular anymore... I'm talking about members of Congress trading stocks. Last time I looked, there was supposed to be some kind of bill ready in August that banned lawmakers from […]

Friday, September 9, 2022

Getting Sucked Into the 'Doom Loop'... And Thinking About Inefficient Stocks

By Herb Greenberg

One of the most liberating things I've done in a few decades is 'cut the cord'... No, not to cable... though I have no idea why I still have it. I'm talking about writing almost exclusively about stocks that will fall, companies that will fail, and – when I wanted to stare into the abyss […]

Tuesday, September 6, 2022

What Questions Should Investors Ask?

By Herb Greenberg

One of my favorite investment podcasts is On the Tape, featuring Dan Nathan, Guy Adami, and Danny Moses... It's the perfect complement to Hard Money's Million Dollar Podcast, featuring my colleagues Enrique Abeyta and Gabe Marshank. And I don't just say that because I work with Enrique and Gabe... It's because if you merge the […]

Tuesday, August 30, 2022

An Entertaining and Compelling Tale of a Corporate Crook

By Herb Greenberg

I sometimes get asked to read pre-publication versions of new books but often don't have time or an interest in the topic, so I politely pass... But when Gary Weiss asked me to read the so-called "galleys" of his new book on the notorious electronics chain Crazy Eddie, in hopes that I would write a […]

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Herb Greenberg

Herb Greenberg is a senior editor at Empire Financial Research. Previously, he was the co-founder of Pacific Square Research and Greenberg Meritz Research & Analytics – both independent, short-biased investment research firms. Greenberg spent more than 40 years as a financial journalist at some of the country's leading newspapers, websites, and broadcast media, where he covered almost every industry. He served as senior stocks commentator at CNBC and was financial correspondent at the Chicago Tribune. He also spent 10 years as the daily business columnist for the San Francisco Chronicle, during which time he started his five-year run as Fortune's monthly Against the Grain columnist and was the morning business reporter for San Francisco's KRON-TV. When the Internet and online media were still emerging, Greenberg was one of the first mainstream journalists to make the shift online, when he became senior columnist at TheStreet. He later shifted to the same role at MarketWatch. When Dow Jones bought out MarketWatch, he added a weekend investor column for the Wall Street Journal to the mix. Earlier in his career, Greenberg was a reporter at Crain's Chicago Business and a business reporter for the St. Paul Pioneer Press. He also spent a year as an analyst at a risk arbitrage firm. Greenberg holds a bachelor's degree in journalism from the University of Miami and completed the Herbert J. Davenport Fellowship at the University of Missouri.

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