The latest ridiculous lawsuit in the Sue-nited States

On June 6, 1991, Richard Overton finally hit his breaking point.

Apparently, Mr. Overton had been spending quite a lot of time in front of his television, watching a flurry of beer commercials featuring scantily clad women falling all over themselves for average looking men.

Overton realized immediately[...]
  • Simon Black
  • April 24, 2018
  • Santiago

Guest Post: The No. 1 reason you should AVOID index funds

[Introduction from Simon:

While I’m down in southern Chile today inspecting the farming operations of our thriving agriculture business, I thought I’d send you an excerpt from Tim Staermose’s quarterly update to his investors.

You probably recognize Tim’s name; he’s Sovereign Man’s Chief Investment Strategist and editor of[...]
  • Tim Staermose
  • April 23, 2018
  • Bali

092: Why on earth are you still letting big banks screw you?

Wells Fargo stole the headlines yet again today for defrauding its clients.

The bank was fined $1 billion today for selling over 500,000 clients auto insurance they didn’t need (which in some cases caused the owners to default on their car loans and get their cars repossessed) and for[...]
  • Simon Black
  • April 20, 2018
  • Santiago

More hilarious facts about Tesla from a hedge fund manager who’s short the stock

A few weeks ago, we shared a note about Tesla from the hedge fund Vilas Capital Management. The firm, which is short the shares, said “Tesla is going to crash in the next 3-6 months.”

I received an update from Vilas this morning explaining why they’re even more bearish[...]
  • Simon Black
  • April 19, 2018
  • Santiago

How the poster boy for bad financial management lost shareholders $25 billion

In January 1980, the price of gold hit a record high of $850 per ounce. Then it began a nearly two-decade slide.

By the summer of 1999, gold hit $250 per ounce-- a level not seen since the 1970s.

So naturally it was at this point that the[...]
  • Simon Black
  • April 17, 2018
  • Santiago

There is no ‘patriotic duty’ to pay more tax

In 1873 during the administration of Ulysses S. Grant, the government abolished its income tax.

Aside from a single episode in 1894, there would be no income tax in the United States of America for nearly 40 years.

It was during this period that the United States emerged[...]
  • Simon Black
  • April 16, 2018
  • Santiago