With all the Evergrande worries in the market last week, I thought it would be worth bringing some perspective to how major bear markets work and why Evergrande is unlikely to be the start of one. Note, this doesn’t mean I’m not bearish on the impact of Chinese policy on Continue Reading
The Activist Short Seller
As I was looking over Friend of the Blog Ron Bobman’s latest activist letter pressing for change at Argo, I had a unique thought. Why are there only activists who press for change to make stocks go higher? Why aren’t there activist short sellers? Now, maybe this seems crazy. Who Continue Reading
Why the Experts Are Underestimating Post-Tropical Ida Losses
Surprisingly, at least to me, the Ida-related flooding on the East Coast is being estimated as a very small insured loss, maybe $1 or $2 billion. This is incomprehensible to me. Sure, a lot of the damage is water and a lot of water is uninsured, but enough water is Continue Reading