Where do we begin with the fiasco that was the Target Missoni collection? You know, the one where the items sold on eBay for zillions of dollars? Except that eBay is flooded with items that have no bids, that are selling at list price, a good four years after the line was released. There have… [Read More]
Blog
Tag: bubbles
On Gold, Guns, and Dried Food
People always ask me if they should buy gold. I always tell them it’s overvalued, but I’ve been saying that for years. Gold keeps going up in price for no good reason. That’s how bubbles are. It may be obvious that an asset (Beanie Babies, tech stocks, residential real estate) is overvalued, but the price… [Read More]
Gold and market efficiency
The price of gold is falling. Everyone seems surprised. John Paulson is selling his fancy house in Aspen. I don’t get it. Or maybe I do. I’ve been on record for a long time saying that gold was overvalued. And for a long time, the price kept going up. Was I wrong? Am I right?… [Read More]