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Tuesday, August 16, 2022

What My Mom Taught Me About Investing – That Wall Street Couldn't

By Nomi Prins

There are moments in life that define your path... In today's essay, I want to share one of those moments with you. I was a managing director at Goldman Sachs (GS) at the time. But it didn't happen in my office at the World Trade Center... Instead, it was a lesson I learned from my […]

Tuesday, August 16, 2022

Warren Buffett's Berkshire Hathaway Keeps Spending Through Volatile Markets; Lessons from Buffett; Tiger Global Calls It Quits on Carvana After Wild Rise and Fall; How Frustration Over TikTok Has Mounted in Washington; Spartan Super

By Whitney Tilson

1) Institutional investors with $100 million or more under management are required to publicly file a Form 13F with the SEC every quarter, disclosing stock holdings – including number of shares – as of the end of the most recent quarter. I've always skimmed these filings, both to see what institutional investors as a group […]

Monday, August 15, 2022

Why You Should Still Be Invested in Stocks

By Nomi Prins

Editor's note: For the next few days in Empire Financial Daily, we're turning things over to our friend and colleague Nomi Prins from our corporate affiliate Rogue Economics... Nomi is a best-selling author, financial journalist, and former global investment banker who worked at Goldman Sachs, Bear Stearns, Lehman Brothers, and Chase Manhattan Bank. She left […]

Monday, August 15, 2022

Money managers scrambling to put risk back on; Meme-Stock Investors Are Back! Sort of, Anyway; Fear of Rampant Crime Is Derailing New York City's Recovery

By Whitney Tilson

1) This still from an eight-second video is funny, but the caption captures a very real dynamic that contributes to my moderate bullishness on stocks the rest of this year... After one of the worst first halves of the year, many money managers de-risked – meaning they had sold a lot of stocks, especially growth […]

Saturday, August 13, 2022

The Biggest Problem With the U.S. Dollar's Strength

By Pete Carmasino

Editor's note: On Tuesday, we shared insights from Marc Chaikin, the founder of our corporate affiliate Chaikin Analytics. Today, we're sharing an essay from Marc's colleague Pete Carmasino – chief market strategist at Chaikin Analytics. Pete has more than 25 years in the financial-services industry. Before joining Chaikin Analytics, he owned and operated a registered […]

Friday, August 12, 2022

Here's Why We Could See One of the Sharpest Drops in Inflation in 40 Years

By Enrique Abeyta

In my Empire Financial Daily essay last Thursday, the buzzword was 'recession'... We discussed what recessions are, how they happen, and whether they really matter to the stock market or our strategies. This week, we want to tackle another big economic buzzword – inflation – and consider some of the same questions. The first issue […]

Friday, August 12, 2022

The Last of Lehman Brothers; David Einhorn/Lehman Brothers: Another NYT Hatchet Job; How the Private-Equity Lobby Won – Again; The Local Tax Break Many Retirees Don't Know About – but Should; Regulators Weigh Asking Hedge Funds to Report Crypto Exposure; My daughter bought a Subaru Outback Touring XT

By Whitney Tilson

1) Storied investment bank Lehman Brothers filed for bankruptcy on September 15, 2008. It's a date every investor at the time will remember because it brought the global financial system to its knees, saved only by a massive bailout by the U.S. government. Believe it or not, today, nearly 14 years later, the bankruptcy process […]

Thursday, August 11, 2022

The 'Most Important Price in the World' Is Broken

By Dan Ferris

Editor's note: Our colleague Dan Ferris from our corporate affiliate Stansberry Research is back... Continuing yesterday's discussion about the wordplay from the Fed and government officials in the midst of another quarter of GDP contraction, Dan explains in today's essay how this is a symptom of a far bigger issue... Politically motivated, recession-focused word salad […]

Wednesday, August 10, 2022

'Sparkling Poverty' Stinks Just as Much

By Dan Ferris

Editor's note: For the next two days here at Empire Financial Daily, we're turning things over to our friend and colleague Dan Ferris over at our corporate affiliate Stansberry Research... As regular readers know, Dan is the editor of Stansberry's Extreme Value newsletter, which focuses on buying world-class businesses trading at steep discounts. He also […]

Wednesday, August 10, 2022

Elon Musk sells $6.9 billion of Tesla stock; Update on the AMTD Digital scam; Coinbase earnings; Coinbase Posts Steep Second-Quarter Loss Amid Crypto Meltdown; How I got myself into and out of a dangerous pickle

By Whitney Tilson

1) In three filings yesterday, Tesla (TSLA) disclosed that its CEO, Elon Musk, sold another $6.9 billion of his stake on Friday, Monday, and yesterday, despite saying just months earlier that he planned no further stock sales. Why the change in plans? That's an easy one... As I expected, Musk is finally realizing that there […]

Tuesday, August 9, 2022

This Oil-Price Story Stinks

By Marc Chaikin

Editor's note: Regular Empire Financial Daily readers are familiar with our friend and colleague Marc Chaikin... Marc is the founder of our corporate affiliate Chaikin Analytics. With decades of experience on Wall Street, he developed computerized stock selection models and technical indicators that have become industry standards, and he pioneered the first real-time analytics workstation […]

Tuesday, August 9, 2022

My updated estimate of Berkshire Hathaway's intrinsic value; My favorite high-risk/high-potential-return sector; Bearish hedge funds; Baltic Dry Index down more than 70%; Why No One Answers Their Phone Anymore

By Whitney Tilson

1) In yesterday's e-mail, I shared my friend and former partner Glenn Tongue's analysis of Berkshire Hathaway's (BRK-B) second-quarter earnings, which the company reported on Saturday. Today, as I do every quarter, I'd like to update my estimate of the stock's intrinsic value. To do so, I apply a methodology I've used – and that […]

Monday, August 8, 2022

The Fed's Secrets

By Bill Bonner

Editor's note: Today in Empire Financial Daily, we're sharing more insights from Agora founder and business magnate Bill Bonner... As we said last week, we may not agree with all the points that Bill makes... but in order to be a successful investor, it's critical to examine multiple perspectives when looking at individual stocks or […]

Monday, August 8, 2022

Analysis of Berkshire Hathaway's second-quarter earnings; Trump social media deal can't close on time, needs extension; I'm fully recovered

By Whitney Tilson

1) Berkshire Hathaway (BRK-B), which I've long called America's No. 1 Retirement Stock, reported second-quarter earnings on Saturday (press release here and 10-Q here). To analyze the report, I once again turn to my longtime friend and former hedge fund partner, Glenn Tongue. He writes: In the second quarter, Berkshire reported net earnings of negative […]

Saturday, August 6, 2022

All About the Money

By Bill Bonner

Editor's note: As we said on Wednesday, we here at Empire Financial Research are bullish on stocks and the economy over the long term... but that doesn't mean we aren't paying attention to the other side of the analysis. So in today's Weekend Edition of Empire Financial Daily, publishing titan and ultra-wealthy entrepreneur Bill Bonner […]

Friday, August 5, 2022

Visa and Mastercard suspend ad payments on Pornhub; Musk and Twitter's counterclaims; Notes from Tesla's annual meeting; The worst pain I've ever experienced

By Whitney Tilson

1) Two follow-ups to Monday's e-mail... First, in a case by a child sex trafficking victim against porn-site operator MindGeek, a judge ruled against Visa's (V) – and, implicitly, Mastercard's (MA) – request to be removed from the case: Visa is being kept in this case because it is alleged to have continued to recognize […]

Thursday, August 4, 2022

If We're in a Recession... So What?

By Enrique Abeyta

If you pay attention to the financial news like I do, you've probably heard the word 'recession' about 1,000 times in the past week alone... The media needs a constant stream of topics to talk about, and when they get something as ominous sounding as a recession... they are all over it! They know that […]

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