Michael Burry’s predictions of the last—and next—stock crash. Immortalized in a best-selling book and then a Hollywood movie, Michael Burry became a legend as one of the first to predict the subprime mortgage meltdown. He not only predicted it, but used his uncanny aptitude for numerical research to earn hundreds of millions for his hedge fund, Scion Capital. Some time …

“The human species, according to the best theory I can form of it, is composed of two distinct races, the men who borrow, and the men who lend.” Charles Lamb When most people think about investing or growing their money, their thoughts turn automatically to the stock market. Money is dropped into the machine and a bet is placed that …

How To Spend Your Principle, Save a Fortune on Taxes, Increase Your Cash Flow… and Never Run Out of Money! stocks, bonds and mutual funds. They had scrimped and saved, planned and prepared, trying to avoid their greatest fear: having life left, but no money. Now, they were at that point in their lives where they should be able to relax and start living off the fruits of their previous hard work, but some …

Are stock market returns really just “monkey business”? In 1973, Princeton economist Burton Malkiel made a bold claim in a book about the stock market, A Random Walk Down Wall Street: “A blindfolded monkey throwing darts at a newspaper’s financial pages could select a portfolio that would do just as well as one carefully selected by experts.” It was a …

If you believe a bank is the safest place for you money, you need to read this report! “I am more concerned with the return of my money than the return on my money.” Will Rogers The saying, “Like money in the bank!” indicates something you can count on, something as good as guaranteed. But are banks still safe in …

Born to a family of modest means, James Cash Penney began clerking in a store after his father passed to help support his family. In 1902, he co-founded his first store at the age of 27. Penney and his partners grew rapidly, and by 1929, J.C. Penney Co. was a publicly traded company with over 1,300 stores. Penney also acquired …

If you came to my casino and you could only take home 70% of your wins, but we would absorb all losses… would you come to my casino or roll the dice in a casino with 100% gains and 100% loss? (I’d go to my casino every day!) It may sound “too good to be true,” but there is a …