“A speculator is simply someone who observes distortions in the markets and positions himself to profit.
Do you see any ways to speculate on this trend of corporations committing suicide?
Doug Casey: If you want to speculate on the stock market, everything else being equal, it can make more sense to speculate on a corporation failing than on a corporation succeeding. Because the fact is that most businesses fail. A major reason they fail is because their managements have bad moral character and, as a result of that, they do fraudulent or stupid things.
If you want to capitalize on this trend, try to find companies with Woke or morally deficient managers and short them. In this environment, it can be smarter than trying to pick good companies run by managements with good character, which most investors try to do. Warren Buffet correctly makes a big thing out of only investing in ethical managements.
But if you want to capitalize on the accelerating collapse of our culture, you might want to scope out companies like FTX, the $35 billion fraud run by Sam Bankman-Fried, and short them. What you want to do is find companies where the management has criminal inclinations or the wrong morality and short them, betting they’ll fail.
Especially in this environment, which is going to be very bad for stocks in general, badly managed companies with bad people are as close to a sure thing as you’ll find.
It’s a good reason not to buy ETFs but to spend the time picking individual stocks, zeroing in on bad philosophy and Woke managements.”
https://daveseminara.com/complete-list-of-woke-companies-condemning-so-called-racist-voting-laws/
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