Don't miss any new content!

Get business insights from Nick and his co-authors delivered directly to your inbox by subscribing to Customers, Costs, and Cash Flow.


Alternative Finance Series: In Defense of Short Selling (and Why You Probably Shouldn’t Do It)

This is the second article in a series on alternative finance. In the previous piece I talked about asymmetric positions in investments and trading, and one potential method for leveraging them (the Barbell Strategy). Now we’re going to talk about short selling. How is that alternative finance? First, shorting has a negative reputation in a lot of circles and we’re going to explore why it’s undeserved. Second, I’m going to explain why shorting is still typically a bad idea for most investors or traders. DISCLAIMER: This article is provided solely for informational purposes and should not be construed as personalized

Read Post »

Alternative Finance Series: Asymmetric Positions & the Barbell Strategy

This is the first in a series of articles on what I’m referring to as ‘alternative finance.’ This is not to be confused with DeFi or next-generation finance, rather, it’s alternative in the sense of falling outside mainstream, conventional Wall Street thinking. The markets are entering new territories, and old models often don’t hold up in practice. In this series — however long it ends up being — you’ll be introduced to some ways of thinking about investing, trading, and portfolio management that you perhaps haven’t heard before. Are these strategies right for you personally? That’s for you to decide

Read Post »

The Saga of GameStop (GME)

If you’ve been paying even slight attention to the news this past week, you’ve probably heard about the historic price movements in GameStop (GME) stock, the Reddit / Main Street vs Wall Street hedge fund narrative, and multiple interpretations of what it all might mean. I’m not going to try and interpret the larger ideological significance of these events. What I will attempt to do is alleviate some confusion about how the securities markets work and how that informs the context of the story. But before I get to that, a disclaimer: This article is provided solely for informational purposes and should

Read Post »