Archive

James Altucher thinks buying stocks is gambling. I think he's wrong. A mathematician who beat Las Vegas and Wall Street proves why. And three legendary investors show you how to play the game without becoming the sucker.

In 1949, Mao Zedong went to Moscow begging Stalin for money. Seventy-six years later, Russia is the one begging China to move its money. Putin thought he'd escaped Washington's financial grip. Instead, he walked straight into Beijing's tollbooth.

The square root of 260 million is roughly 16,000. That's how many wolves a mathematical model suggests could threaten a village the size of America's adult population. It's only a game, of course. But Washington has been playing a remarkably similar one for decades.

Intel shareholders had a terrible Friday. They lost nearly 29%. But a group of European investors did something considerably worse. They found a way to lose 87% betting on the very same stock. Their secret? A little financial engineering, three times the leverage, and an airbag that deployed after the car hit the wall.

Poland's president turned his plane around. Riot police surrounded the country's constitutional court. Judges fought over who had the right to sit on the bench. And somewhere in the background sits a mountain of gold. Welcome to Warsaw, where two political rivals fight over the referee, and the whole nation has seen this movie before.

October was a month of expensive oil and expensive mistakes. Crude surged, silver collapsed, crypto cracked, and Big Tech finally discovered that electricity costs money. But the bond market told the most interesting story of all.