Tuesday, January 24, 2023

AI Hasn't Solved This Big Problem for Airlines... And More ChatGPT Chatter

By Herb Greenberg

I was flying back to San Diego on Delta Air Lines (DAL) the other day and had to transfer in Atlanta, when it dawned on me... Southwest Airlines (LUV) isn't the only air carrier that has underspent on technology. That's the only explanation for what happened to our flight. First, moments from when we were […]

Tuesday, December 20, 2022

Why 'Sophisticated' Investors Get Snookered Like Everybody Else

By Herb Greenberg

I was going back and forth with a friend on LinkedIn the other day, after he had posted something on how even the smart investors often get caught following the crowd... Exhibit No. 1, which continues to intrigue me: the number of so-called "smart" investors who piled into the bankrupt crypto exchange FTX, thinking all […]

Friday, December 16, 2022

When to Sell a Stock (Hint: Ignore the 'Noise')

By Herb Greenberg

Since I started writing about stocks – and that has been decades – the most perplexing question I've faced, and the hardest to answer, is when to sell... Buying is the easy part... But selling? There are so many variables rolled into one – from risk tolerances to objectives to instincts and knowledge... And let's […]

Wednesday, December 14, 2022

The Scramble to Invest in Nuclear Fusion... And the Challenges of Shorting Stocks Now

By Herb Greenberg

If you missed it, there was big news yesterday... Scientists at the Lawrence Livermore National Laboratory outside of San Francisco had a breakthrough in creating energy from nuclear fusion. Nuclear physicists have been pursuing this technology for decades. And investors being investors, they immediately started wondering the best way to cash in on what very […]

Tuesday, December 6, 2022

Post-Pandemic Winners That Are Still Winning... And Proof of Opendoor's Struggles

By Herb Greenberg

I still get a twinge of PTSD when I think back on doing short research in the year post-pandemic... That was when even the most fundamentally flawed companies were winners. And it seemed that the more fundamentally flawed, the bigger the winner. The biggest immediate winners, of course, were the likes of Peloton (PTON), Zoom […]

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: […]