“The last time the “Chairman” of GM started writing his letters GM went bankrupt within 2 years. Yet GM is currently the most widely owned stock by hedge funds. The real “Chairman” is actually the founder of probably the most successful independent investment analysis company in the world – Porter Stansberry.”
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Dollars Distort Our Understanding of Wealth
Most investors measure wealth in dollars — but what if the ruler itself is shrinking? Since 2000, the S&P 500 is up nearly 5x in dollar terms, yet priced in
