A common enough structural feature in financial markets is:
- There is a thing.
- Smart wealthy well-connected insiders discover the thing and buy it.
- The price goes up.
- Normal retail investors discover the thing and buy it.
- Then the price goes down.
This is why I do not buy the next big thing as it seems to be, that all the stuff that is the next big thing that when I hear about it, it is always expensive.
I his blog by an email. You can sign up for his newsletter called Money Stuff here . Matt Levine writes for Bloomberg. His twitter is @matt_levine.
On my other blog I wrote yesterday about Reitmans (Canada) Ltd (TSX-RET.A, OTC-RTMAF) ... learn more. Next, I will write about Ritchie Bros Auctioneers Inc (TSX-RBA, NYSE-RBA) ... learn more on Wednesday, June 1, 2022 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
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