August 8, 2025 – Quote of the Day

“Everything is expensive now. Worries about the future can cause safe assets to become highly priced … I call it the ‘Titanic Effect.’ When the Titanic was going down, people would pay a fortune for anything that floats. We may be in a Titanic situation now,” said my buddy, Nobel Prize winner Robert Shiller.  

When Good Earnings Can’t Hide The Ugly Truth

You know that feeling when your favorite restaurant starts serving smaller portions but jacks up the price? That’s Biogen (BIIB) right now. Sure, they beat Q2 earnings estimates like a drum, pulling in $2.65 billion in revenue against a $2.32 billion consensus, but scratch beneath that shiny surface and you’ll find the same old story […]

THE LONG CON

(ANET), (AAPL), (MSFT), (META) Remember that scene in The Sting when Paul Newman and Robert Redford con Robert Shaw so thoroughly he doesn’t even realize he’s been taken until the credits roll?  That’s Arista Networks (ANET) right now. Instead of chasing headlines, they’ve been locking in the infrastructure contracts that actually make AI work.  Every […]

What To Do About Over-Interest In Tech

Want diversification? I would say screw it. Tech stocks ($COMPQ) have dominated, and the concentration is getting so one-sided that many cannot even believe it. The rest of the U.S. economy is shrinking as tech stocks make higher highs. All the fresh capital is pouring into the A.I. narrative in a sink-or-swim moment for American […]