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IMO.... I would not look to mainstream financial media for information on any ongoing fraud. They seem to exist primarily to sell products and push narratives. Did they warn you about 2008, Enron, mf global?

It's an interesting situation. If they keep interest rates at zero they devalue their currency. If they raise rates.... Their central bank owns most of the Japanese government debt. Raising rates instantly devalues the existing 0% debt. Since that debt backs up their currency.... They devalue...

Every year they don't have an audit is evidence to anyone but the "I bet my life savings on this one thing!" Crypto crowd. Sure they couldn't possibly be managing the assets they claim to have with the employees they have, buy why let the fact that their AUM to employee is higher than Madoff's...

It is an interesting exercise to try and prove it though. If nothing else it hones one's skills at spotting fraud. That ratio of AUM to employees is enough to convince me that it is a fraud. Especially given the composition of assets they claim. I do wonder what other techniques could be...

No they charged fees " to use the ricochet feature, Samourai charges 0.002 BTC for every 4 hop ricochet transaction." https://www.fxempire.com/crypto/wallets/samouraiwallet#price Not that the idea that if they were running a free money laundering platform that would somehow make it okay...

If your entire business model is money laundering, can you really be surprised? Sure they could be facilitating payments for kidnapping, murder for hire, blackmail, bribery, etc. But who could possibly see them eventually running up against either criminals or a government sick of their crap...

And how many employees do the have managing these supposedly massive holdings? Last I looked, Tether was beating the previous record set by Madoff for ratio of AUM to employees...

It's funny, any time I start to think, "Am I missing something with Bitcoin?". All I have to do is look at the crazy hyperbole that comes out of the Bitcoin crowd, to remind myself that no it's just another speculative mania. Best in history huh? No one ever made a great call with an options...

Only some. Buying VLO at 66 worked fantastic. Value index returns aren't going to double the SPY, but IMO there is significantly less risk of loss. Having stable value is nice because next time the market takes a 40% hit, you can buy in at a good price. Let prices recover and the rotate some...

"Quarter net income before tax" Usually a brokerage provides summary financial information for any ticker. To get a full picture: Go to EDGAR and pull up their reports. The more you read, the easier it gets . This might help Just to reinforce: mstr 2023 10k: Net cash provided by operating...

Never assume that just because "they" are buying it it's a good buy. The notion that because a company shows a paper profit it's a buy is silly. You need to look a things like PE ratios, debt, etc. Besides, you're wrong on even the basics MSTR is losing money. Go look at the financials...

This a great example of why simple market cap weighted index investing is stupid. You need to have some other criteria like PE ratio to filter money losers, businesses models where it would be super easy to commit fraud, etc .

This is probably the biggest argument for physical gold. There seems to be a constant stream of fraud with major organizations that seem to be paid up with the right people. Hell, people like Epstein and Corzine were even allowed to manage funds after their crimes. The whole system is based...

You're forgetting that a lot of these are public pension funds or union pension funds with no other significant assets. Say CALPERS bankrupts itself trying to bail out the San Fran CRE market. You're going to sue the bankrupt pension fund? In California? Either pensioner would be forced to...

I wonder if there's a bit of something else going on here. It would not surprise me if public pensions funds get used to buy up portfolios of soon the be defaulted CRE debit.

When will they start being priced in pogs or beanies babies?

You need to remember that Citadel took a share in Melvin who was short GME. Citadel also had an exec on the board of DTCC who sets the capital requirements. The whole thing was a clear ridiculous conflict of interest. I've seen multiple articles talking about how DTCC "saved us" by upping...

PE of 74 is too rich for me. Does anyone really think their earnings are going to more than quadruple? That's what it would take to earn better than the risk free return of a 1 month Treasury. Tech stock prices are getting out of control.

They just don't charge you with felony murder. Look at the guy who tried to stab the last Republican candidate for governor in NYS. They had the criminal back on the street before lunch.

IMO If you don't have time to understand what you're buying you should buy something else.