Reader Question:Online sports gambling has the potential to allow integrated gaming resort operators to scale their revenue dramatically beyond their physical footprint capacity. Do you see the online gambling opportunity evolving in a “winner take all” fashion or will multiple players capture a meaningful stake? Who do you think is best positioned at this early stage – established online betting companies or the integrated resort operators?I have been amazed at the valuations being afforded to the online sports and casino betting operators in recent months. I understand that legalizing sports gambling across the country is going to expand revenue for the players in this space, as a lot of illegal bets will be moved over to legal platforms, but I think the jury is still out … [Read More...]

February 20 COVID-19 Test Results and Vaccinations; Hospitalizations Below Summer Peak
SPECIAL NOTE: The Covid Tracking Project will end daily updates on March 7th.From Bloomberg on vaccinations as of Feb 19th. “In the U.S., more Americans have now received at least one dose than have tested positive for the virus since the pandemic began. So far, 60.5 million doses have been given, according to a state-by-state tally. In the last week, an average of 1.49 million doses per day were administered.”Here is the CDC COVID Data Tracker. This site has data on vaccinations, cases and more. The US is averaged 1.35 million tests per day over the last week. The percent positive over the last 7 days was 4.9%.Based on the experience of other countries, for adequate test-and-trace (and isolation) to reduce infections, the … [Read More...]
10 Words That Don’t Mean What You Think They Do
There are more than 200,000 words in the English language — words drawn from Germanic roots, from Latin and Greek, and in lesser quantities from more than 350 other tongues. And more words get… [Read More...]
Saturday links: publishing to an algorithm
AutosThe future of the auto industry is all about batteries. (nytimes.com)Ford ($F) is phasing out ICE-powered cars in Europe. (theguardian.com)Jaguar is planning to go all-electric as well. (engadget.com)Apple ($AAPL) CarPlay has made impressive headway. (asymco.com)A new Chevy Bolt is coming this Summer. (marketwatch.com)EnergyIt’s not just Texas that is at increased risk of weather-related outages. (yaleclimateconnections.org)The problem in Texas has multiple causes. (arstechnica.com)How Texas could have kept the lights on. (nytimes.com)Why the situation in Texas was avoidable. (newyorker.com)EnvironmentThe situation in Texas shows that history is no longer a good guide in an age of climate change. (nytimes.com)Climate change will have disproportionate effects across the globe. (marginalrevolution.com)Warming temperatures are going to make glacier-related floods … [Read More...]
Parents at Ted Cruz’s daughter’s exclusive Texas school demand they quarantine as family is pictured maskless on beach
SOURCE: Yahoo News – Latest News & Headlines – Read entire story here.
Reader Mailbag: Merits of Shorting Tesla
Reader Question:I am curious of your take on the benefits of shorting tiny amounts of TSLA at these levels (~$850). At +800B valuation there isn’t almost any room to grow reasonably. The reward of shorting might not be very big, but neither appears to be the risk.Many skilled short sellers often give the advice that shorting based solely on valuation is unwise. I suspect the reason is that while fundamentals do matter over the long term, in the near term, investor sentiment dictates stock movements more. The stock price action of Tesla over the last year shows this clear as day. Accordingly, if you are early and nothing fundamentally negative occurs at TSLA for the next 6-12 months, then there is nothing stopping the … [Read More...]
20 Ancient Inventions We Still Use Today
We live in an incredibly technologically advanced time. Everything you can think of is a quick Google search away. While most of our technology has been developed since the Industrial Revolution in… [Read More...]
February 13 COVID-19 Test Results and Vaccinations
SPECIAL NOTE: The Covid Tracking Project will end daily updates on March 7th. Heroes that filled a critical void! Quality government data will likely be available soon.From Bloomberg on vaccinations as of Feb 13th. “In the U.S., more Americans have now received at least one dose than have tested positive for the virus since the pandemic began. So far, 52 million doses have been given, according to a state-by-state tally. In the last week, an average of 1.64 million doses per day were administered.”Here is the CDC COVID Data Tracker. This site has data on vaccinations, cases and more. The US is now averaging close to 2.0 million tests per day. Based on the experience of other countries, for adequate test-and-trace (and isolation) … [Read More...]
Saturday links: baking bread
TeslaOne of Tesla’s ($TSLA) big advantages over other EV makers is their charging network. (hbr.org)Tesla ($TSLA) is going to see many more competitors over the nexxt year. (wsj.com)Tesla ($TSLA) models consistently undeperform their EPA benchmarks. (edmunds.com)AutosIn many ways the Ford ($F) Mach-E is a better vehicle the Tesla ($TSLA) Model Y. (electrek.co)An EV is not just a car with a different propulsion system. (nytimes.com)How Norway came to lead the world in EV adoption. (reasonstobecheerful.world)Why self-driving cars are taking longer than expected. (morningstar.com)Why the theft of catalytic converters is soaring. (nytimes.com)EnergyThe ongoing drop in the price of solar energy is just stunning. (fastcompany.com)Floating wind turbines would open up more areas to wind power. (wsj.com)Why Europe is … [Read More...]
Fauci says all Americans could start to get vaccinated in April. Here are the numbers to back up his prediction.
SOURCE: Yahoo News – Latest News & Headlines – Read entire story here.
WSJ Wealth Adviser Briefing: SPAC Mania Rewards, Trust in Business, Feast or Famine Ski Season
If you’re a financial adviser, would you like to have a statistics-based way of accurately predicting which of your clients are about to bolt, and which are happy with you? Broadridge Financial Solutions, which provides technology to financial-services firms, says a partnership with artificial-intelligence start-up Fligoo has yielded software that can do just that — as well as generate appropriate digital communications for both types of clients. The two companies have been working together for about a year on a suite of predictive analytics software products for the wealth management industry, said Michael Alexander, president of wealth management at Broadridge, in an interview. Below, some of the best analysis and insight from WSJ writers and columnists, the Dow Jones Newswires team and occasionally … [Read More...]
AMC Entertainment: What A Difference WSB Makes…
Well, it hasn’t even been 2 weeks since my last post on movie theater chain AMC Entertainment (AMC), but wow have things shifted. The massive trading interest in heavily-shorted GameStop (GME) from the Reddit/wallstreetbets contingent has made every heavily shorted stock a target for massive day-trading and speculation on the long side to try and squeeze the shorts.Given the poor fundamental outlook and balance sheet at AMC, highlighted in my prior post, it should not be surprising that the company was heavily shorted. Like GameStop, AMC faces a tough competitive environment, though the latter has far less debt (GameStop’s balance sheet means they are not faced with bankruptcy risk in 2021, in my view, but if they don’t execute well in their operations, that could … [Read More...]
20 Dogs That Stay Puppies the Longest
Americans love dogs, there’s no doubt about that. It’s estimated that the dog population in the United States is almost 80 million, and that 44% of households have a dog. We typically get dogs when… [Read More...]
February 6 COVID-19 Test Results and Vaccinations
SPECIAL NOTE: The Covid Tracking Project will end daily updates on March 7th. Heroes that filled a critical void! Quality government data will likely be available soon.From Bloomberg on vaccinations as of Feb 6th. “In the U.S., more Americans have now received at least one dose than have tested positive for the virus since the pandemic began. So far, 40.5 million doses have been given, according to a state-by-state tally. In the last week, an average of 1.43 million doses per day were administered.”Also check out the graphs at COVID-19 Vaccine Projections The site has several interactive graphs related to US COVID vaccinations including a breakdown of how many have had one shot, and how many have had both shots. The US is now … [Read More...]
Saturday links: talking past each other
AutosThe Ford ($F) Mustang Mach-E is the best EV that isn’t a Tesla ($TSLA) or Porshce. (theverge.com)How hard will it be to move the federal fleet to EVs? (wired.com)Car insurance premiums fell by 4%, on average, in 2020. (wsj.com)Roundabouts work to reduce traffic fatalities. (thealmanac.net)EnergyFalling renewable energy costs are upending the climate change equation. (arstechnica.com)South Korea is planning the world’s largest offshore wind farm. (reuters.com)A first hand example of how rooftop solar works. (avc.com)EnvironmentCan economists help put a price on the value of biodiversity? (economist.com)Global surface temperatures visualized over time. (visualcapitalist.com)EU carbon prices are at record highs. (ft.com)TechnologyApple ($AAPL) is working for a fix for Face ID when wearing a mask. (wired.com)Misinformation is coming to private … [Read More...]
Harris has reportedly pushed Biden’s coronavirus team to focus on overlooked communities
SOURCE: Yahoo News – Latest News & Headlines – Read entire story here.
Time for another reader mailbag blog post?
It feels like a good time to do another reader mailbag post. Submit your investing/market related questions in the comments below or via twitter (@peridotcapital) and I will do my best to answer many of them in a future blog post. As always, thanks for reading the blog! [Read More...]
WSJ Wealth Adviser Briefing: Dollars Not Shares, Pet Product Bulls, Interior Design Mistakes
Special purpose acquisition companies are having a moment in the sun, and they’re making their way into the wealth management industry, Larry Roth, founder and managing partner of RLR Strategic Partners, told Barron’s. Though they have been around in some form since the 1990s, SPACs have grown in popularity in recent years. As of Dec. 1, there were 201 IPOs of SPACs in 2020, with gross proceeds of $69.6 billion, according to SPACInsider, more than double the 59 transactions in 2019. With the acquisition frenzy that’s swept the wealth management industry in recent years, will it be long before SPACs come calling on RIAs and broker-dealers? To be sure, wealth management firms should conduct full due diligence on any acquisition suitor who comes calling. That said, if and when the moment … [Read More...]
January 30 COVID-19 Test Results and Vaccinations
The reason I’m posting COVID data is this matters for the economy. From the FOMC statement this week: “The path of the economy will depend significantly on the course of the virus, including progress on vaccinations.”It appears the 7-day average cases has peaked. Stay safe! I’m looking forward to not posting this data soon. Note: Bloomberg has great data on vaccinations. “Vaccinations in the U.S. began Dec. 14 with health-care workers, and so far 30.5 million shots have been given, according to a state-by-state tally by Bloomberg and data from the Centers for Disease Control and Prevention. In the last week, an average of 1.35 million doses per day were administered.”Also check out the graphs at COVID-19 Vaccine Projections The site has several interactive … [Read More...]
Can You Answer These Real Jeopardy! Clues About U.S. History?
“Jeopardy!” has been one of most beloved primetime game shows in America for decades. Three contestants duke it out answering trivia questions in several categories, including a very popular one… [Read More...]
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