Corporate fraud, questionable accounting practices and plain deception are nothing new on Wall Street. Hedge fund manager David Einhorn of Greenlight Capital even wrote a book about it. Aptly called ‘Fooling Some of the People All of the Time’, the book narrates a story about a private equity investment firm named Allied Capital, which Einhorn shorted in 2002. In 2008, after six long y... »

“Step aside,” tells Mark Spitznagel to his investors. He hardly expects anyone to listen. “It is the hardest thing to do right now,” he says, “and makes you look like a fool.” In times like these, in times of severe overvaluation, the ones warning investors are scorned. People who risk their money at the top of a bubble get even more excited by the promise of ea... »

Investors in gold are commonly called gold bugs. Yet, gold bug is a derogatory term. As Marc Faber has put it nicely, a bug is an insect. The word “bug” or “insect” has a negative connotation to it. Calling gold investors gold bugs makes just as much sense as calling equity investors "equity cockroaches". It’s a way to prematurely end a, for many, much neede... »