I wanted to do a follow-up on my three bearish ideas from my Slippers post early last month. I suggested three stocks were heading for trouble: CMBM, GRWG, and LOVE. I’ve tinted the time that has transpired since that post:

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In the before-time, we would go to social gatherings. Given the construct of our lives, these would invariably be get-togethers with other parents of the same crazy-expensive private school our children attended, and as such, the other adults there would tend to be very smart, or very rich, and usually both. We were the economic diversity.
For most people, including myself, these were not opportunities to bolster one’s self-esteem. On the contrary, most of the people there were anywhere from ten to a hundred times wealthier than me, and they would be more intelligent, more successful, and more accomplished.
To be honest, I found satisfaction in that. I don’t want to be the smartest guy in the room. On the contrary, I’d rather be almost the dumbest (but not the absolute bottom, if you don’t mind). It reassures me there’s plenty more room for growth. I’d rather be surrounded by my betters.
(more…)Bitcoin has taken it on the chin the past couple of days, but it’s all in a day’s work. Here’s my latest rainbow.