Thursday, September 28, 2017
Just seven months ago, I opined on Alliance Aviation as a potential value play. Today the price sits more than 50% higher. I can't explain the dramatic price rise. The price was just plain silly back then, and serves as a reminder of just how weak the Efficient Market Hypothesis really is.
Tuesday, September 19, 2017
American Kingpin: The Epic Hunt for the Criminal Mastermind Behind the Silk Road should have been a boring book: A naive, nerdy guy starts a website that sells illegal goods, and the authorities seek him out and put him in jail. But it was one of the best books I've read in a long time.
Thursday, September 14, 2017
I've gone from trying to understand one group of extremists to another, in The ISIS Apocalypse: The History, Strategy, and Doomsday Vision of the Islamic State. But this group is just as hard to understand.
Friday, September 8, 2017
Tuesday, September 5, 2017
Hibbett Sports (HIBB) sells footwear, sports equipment and apparel, among other things. The entire industry has gotten crushed lately - there is blood in the streets. HIBB is down almost 70% in the last year alone. Competitors like Dicks and Foot Locker are also getting crushed.