Thoughts from June 15, 2020

CalPERS borrowing $BILLIONS In a short few weeks, it will mark the 7th anniversary of moving my family from Los Angeles to Raleigh, NC.  The list of reasons why is long.  CalPERS is just another ridiculous organization that I am glad to be away from, but sadly, the stable retirement of many friends and family…

Thoughts from June 12, 2020

Robinhood’s user activity might be speculation Robinhood, a free trading platform adopted by many a day-trader during this crisis, is showing us that retail investor activity is heavy bent on speculation.   https://www.businessinsider.com/robinhood-traders-bet-hertz-bankruptcy-stocks-despite-huge-risks-2020-6 Bankrupt companies stock is still worth $0 Hertz filed for bankruptcy and Chesapeake Energy has said bankruptcy is basically imminent.  These companies…