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The World’s Falling Apart, What Are You Going To Believe In?

I grew up believing in American exceptionalism. That the U.S. was better than other nations. That’s what I was taught. When I looked around, that’s what I saw. But among many other lessons, Trump has taught me that the U.S. is a banana republic, just like most other/every other nation in the world. And that actually makes […]

Black Swans are NOT Black Swans

The term Black Swan was coined by Nassim Nicholas Taleb, a finance professor, and former Wall Street quant trader, and was popularized after the meltdown that resulting after the Financial crisis of 2008. Per Investopedia, the definition of a black swan event is: A black swan is an unpredictable event that is beyond what is normally expected […]

As Facebook Embraces Fake News, Shareholders Brace For Catastrophe

TL;DR Summary — I’ll cut to the chase. I believe in karma. And if I’m right, and karma’s a thing, then Mark Zuckerberg risks going down in infamy like other billionaires who built (bad) things that worked till they didn’t. The latest example, the Sackler family, who turned the “opioid crisis” into a household phrase. Once again […]

Facebook Leveraged Fake News To Grow User Engagement in Q3 ’19. Let The Rest Of The World Be Damned

I’ve been following Facebook since I called Mark Zuckerberg in 2004, a month after launch, and offered to buy the company (I was running Bolt at the time). In March, 2010, I published the first Wall Street style research report on Facebook on Tumblr, with a $100 billion five year price target (it was actively trading in the private […]

What is Bitcoin?

As Bitcoin starts to gain the attention of the broader population again, we continue to struggle as an industry to define what Bitcoin is in a way that’s accessible to most people. I recently attended a Bitcoin 101 class taught as part of the grand opening of the awesome Bitcoin Center Miami. It’s a great way to help […]

The Three Different Bitcoins

For most, Bitcoin remains an enigma. I think part of the difficulty in understanding Bitcoin is that it’s not just one thing. Bitcoin can be many things, depending on how you look at it. Depending on the prism you look at the world throug

Facebook is Dying, Libra Won’t Save It, and Wall Street is Clueless

I was the first person to call Mark Zuckerberg in 2004 and offer to buy the company (I was running Bolt at the time). In March, 2010, I published the first Wall Street style research report on Facebook on a Tumblr blog, with a $100 billion five year price target (it was actively trading in the private markets at […]

Bitcoin : The Worlds Best Store of Value, 2024 Price Target = $50,000

Target Price = $50,000 (assumes $1 Trillion valuation and 20,000,000 BTC, fully diluted) I’ve been around the block. In the 90s I was an equity analyst following media companies at Goldman Sachs. I loved it. But the internet came calling, and I jumped in. After my 2nd company, I became an angel investor and then a VC. […]

Why The Facebook Coin Could Be A Watershed Moment In Crypto

While I focus on crypto, I’ve written a lot about Facebook over the years. I was the original Facebook bull following the publication of the first Wall Street style research report on Facebook in March of 2010. In April of 2017, I started writing about “The Profound Implications of Five Increasingly Dominant Tech Companies” (Facebook, […]

The Reason That Bitcoin Popped and Uber Flopped

As of the writing of this post, Bitcoin is the top performing “asset class” of 2019 YTD, up 89% YTD. Bitcoin is up 22% in just the past week. And everyone wants to know why. The Markets Swing Between Bubbles And Crashes I have a word I use to describe the tendency of markets to become […]