Business Contents Archive

● At the beginning of the Covid-19 pandemic, Portnoy pivoted from covering sports as Barstool’s “El Presidente” to live streaming himself making stock picks as “Davey Day Trader.”⠀ ⠀ ● “If you told me that was going to happen six months ago I would’ve looked at you like you had 10 heads,” Portnoy said during an interview on the Masters in Business podcast with Barry Ritholtz.⠀ ⠀ ● Read the interview from October by clicking the link in our bio.

It's hard to be an oracle of anything right now. Berkshire Hathaway is back to hoarding cash, suggesting that Warren Buffett is still unsure about stocks in a market rocked by a pandemic, Reddit traders and steep valuations, writes bloombergopinion's Tara Lachapelle. Berkshire Hathaway's investment activity during the final three months of 2020 was all over the place. Buffett’s investment vehicle exited more bank stocks, boosted stakes in some pharmaceutical giants but ditched Pfizer, trimmed its Apple position and bought new holdings in Verizon and Chevron. But maybe there's a solid strategy behind the madness. Tap the link in our bio to find out which of Buffett's bets have paid off.

Almost every leader has studied the genius of Steve Jobs, but surprisingly few have studied the genius of those who managed to influence him. https://t.co/6qo6Zo0LD5

Michael Burry - "the market is dancing on a knife's edge"

https://twitter.com/michaeljburry/status/1363383141168128004?s=21 “Speculative stock #bubbles ultimately see the gamblers take on too much debt. #MarginDebt popularity accelerates at peaks. At this point the market is dancing on a knife’s edge. Passive investing’s IQ drain, and #stonksgoup hype, add to the danger." https://pbs.twimg.com/media/Euu1vWXVoAA3r6U?format=jpg&name=small There's been a lot of talks about the current market being a bubble, that could be caused by the low interest rates and QE. Michael Burry's latest tweet had a very interesting graph showing margin debt increasing to new highs. Hadn't seen this posted and thought it could made for an interesting discussion.

Lucid Motors Reportedly Close to Going Public Via SPAC Route

How do you keep yourself motivated and energized?

I'm not an entrepreneur per se but I have various projects and business efforts on top of my (very tiring) regular job. I have a bunch of projects that I feel varying degree of enthusiasm about but on most days I can't bring myself to work on them. Between lockdown exhaustion, work fatigue, a high mental workload, keeping my social life afloat and staying physically fit I often only do small amounts of work on a few projects that I've prioritized.

Wealth taxes are being debated from California to the U.K. as a tool both to pay down debt and address inequality. Switzerland’s version offers a rare real-world example of how a levy on assets can work. The measure forces residents in one of the world’s richest nations to tally the value of their investments. We’re talking real estate, cars, fine art, Bitcoin, and even beehives and cows. A percentage is then skimmed off by local governments, varying in size and method depending on the region. It’s working for Switzerland. Tap the link in our bio for more. 📷: Christiane Oelrich/Getty Images

Daily General Discussion and spitballin thread

Have a general question? Want to offer some commentary on markets? Maybe you would just like to throw out a neat fact that doesn't warrant a self post? Feel free to post here! This thread is for: * General questions * Your personal commentary on markets * Opinion gathering on a given stock * Non advice beginner questions Keep in mind that this subreddit, and this thread, is not an appropriate venue for questions that should be directed towards your broker's customer support or google. If you would like to ask a question about your personal situation or if you are asking for advice please keep these posts in the daily advice thread as that thread is more well suited for those questions. Any posts that should be comments in this thread will likely be removed.

Cryptocurrency is breaking more new ground — this time in the art world. For the first time, Christie's will allow bidders to pay in crypto in an upcoming sale of work by the digital artist Mike Winkelmann, who goes by Beeple. Winkelmann is no stranger to digital tokens. Almost everyone who has bought or sold his pieces has done so using the digital coin Ether, and $1 artworks he sold last October are now trading for thousands of dollars as non-fungible tokens (NFTs). Link in bio for more. 📷: "Everydays: The First 5000 Days" by beeple_crap

Best passive income businesses you've actually tried

I'm still trying to figure out what to do, but my main goal is passive income. I know that's the desire for many entrepreneurs, but my reason is, I've been a stunt performer for the past 4 years, and it's pretty incredible. I got a minimum $1.5k per work day (which includes stunt adjustment and base SAG rate), and then residuals on top of that (which are killer for feature films). The stunts are much easier than people assume. I worked an average 4 days a month (8 if you include rehearsals) and averaged $8k if you include everything. It's getting saturated though, and ever since covid tightened up the industry, us newer guys have been edged out. Besides owning a parking lot or storage units, what are some smaller businesses to get into that offer at least some passive income?

Help with QuickBooks :/

I’ve got QuickBooks to help me book keeping but i’m stuck on a few things. I’m Dropshipping and buy from my suppliers in China whenever a customer buys thru my website. Customer buys thru my site -> I buy the item off my supplier and ship to customer -> Shopify charges some fees and pays the final amount to me 1) Do I need to record the fees which Shopify charge? If so how? Because shopify charges currency conversion fee & it does it in £ whereas my QuickBooks is in $ & Idk under what section and how to record that

💯💯Agreed!

Pro-Beijing reforms threaten ‘end’ of HK’s legal system, top lawyer warns https://t.co/mPoQ3K097M

The Pfizer and BioNTech vaccine appeared to stop the vast majority of recipients in Israel becoming infected, providing the first real-world indication that the immunization will curb transmission of Covid https://t.co/R9jG0NMWYY

Former President Trump will make his first major public appearance at the Conservative Political Action Conference (CPAC) conference later this month, Fox News has learned.⁣ ⁣ Traditionally held outside of Washington, D.C., the 2021 CPAC conference will kick off in Orlando, Fla., next week.⁣ ⁣ Trump is expected to address the conference on Sunday, Feb. 28, two sources told Fox News. (Regram: Foxnews) ⁣ ⁣ Click the link in our bio for more on this story.