IT’S ALL HAPPENING!

http://mediumhappy.com/?p=7375

by John Walters

Starting Five

Bronx Fire Kills 12

A fire that broke out in the first floor of an apartment building in the Bronx claims a dozen lives on one of the coldest nights of the year. The five-story pre-war building (i.e., before WWI) was gutted by flames that were fed by wind gusts. It was the deadliest fire in New York City since 1990, when 87 people died at the Happy Land Social Club blaze, also in the Bronx. No word yet on what caused it.

2. Yes He Did

The Rockets were up 26 on the Celtics around halftime and as color announcer Chris Webber said, “I was preparing my garbagio notes.” They were still up three after James Harden hit two free throws (he’d finish with 35 points) with under 20 seconds to play.

Boston Celtics coach Brad Stevens pleaded to his players, “Keep hitting singles.” And that is what they did. A layup brought the Celtics within one with under 8 seconds to play. Then, trying to get free for an inbounds pass, James Harden, your early presumptive NBA MVP, pushed off and was called for an offensive foul.

Celtics ball. Al Horford scores the go-ahead bucket on an eight-foot tear drop shot. On the ensuing inbound play, Harden pushed off Marcus Smart (above) and was again called for an offensive foul.

Celtics win, 99-98. It wasn’t quite “Havlicek steals the ball!” or “Bird with the steal!” but it was a pretty incredible comeback. And when is the last time you saw the league’s leading scorer called for two off-ball offensive fouls in the final seconds of a tight game?

Psst: A week ago the Rockets had the NBA’s best record. Now they’ve lost four straight.

3. The Madness Of King Trump

President Trump was sitting in the Grill Room of his resort in West Palm Beach on Thursday when New York Times reporter Michael Schmidt approached him to talk. No handlers were around, Trump consented (even to being recorded), and what follows is excerpts from their 30-minute conversation. To read at greater length, go here….

“…frankly there is absolutely no collusion, that’s been proven by every Democrat is saying it.”

“My base is stronger than it’s ever been. Great congressmen, in particular, some of the congressmen have been unbelievable in pointing out what a witch hunt the whole thing is. So, I think it’s been proven that there is no collusion.”*

*Trump uses the phrase “No collusion” ELEVEN times in the first few minutes of this interview.

“I won because I campaigned properly and she didn’t. She campaigned for the popular vote. I campaigned for the Electoral College.” (he’s got a point there)

” I have absolute right to do what I want to do with the Justice Department.”

“If you look at my rhetoric, I said the problem with Roy Moore is that he will lose the election. I called it.”

” I know more about the big bills. … [Inaudible.] … Than any president that’s ever been in office.”

“But Michael, I know the details of taxes better than anybody. Better than the greatest C.P.A.”

“I like very much President Xi. He treated me better than anybody’s ever been treated in the history of China.”

“This is a problem that should have been handled for the last 25 years. This is a problem, North Korea. That should have been handled for 25, 30 years, not by me.”

“And, by the way, it’s not a tweet. It’s social media”

“But another reason that I’m going to win another four years is because newspapers, television, all forms of media will tank if I’m not there because without me, their ratings are going down the tubes.”

4. Looking Back At Our Stock Pick of 2017

Our 2017 stock pick of the year was Silicon Valley tech company Nvidia (NVDA), and please don’t ask us to tell you what they do (because we don’t fully understand it). Here’s what we do know: On the first day of trading in 2017, NVDA opened at $104.40 and this morning, the final day of trading, it will open at $198.40.

That’s a one-year leap of $94, or a percentage leap of 90%. So  yes, we DO want to be your latex salesman.

Ah, MH Capital, but do you have a stock pick for 2018? So, sure, we’re going to be predictable here, but we suggest Bitcoin Investment Trust (GBTC). Yes, it’s an incredibly risky pick, and it already has risen FOURTEEN TIMES above its January 3, 2017 price this year (read: now THAT was the stock we should have picked a year ago). Can that type of magic sustain itself this year? Probably not, but if it even doubles this year from its $1,937 price this morning, that’s quite the win. Go Bitcoin!

p.s. You can’t buy it on the regular E-Trade or Schwab platforms, but keep an eye on Ripple (XRP), which is up 100% in the past month or so.

5. Films Of 2017

The problem with Dunkirk is that Steven Spielberg set the bar so high that it may be decades before anyone touches it

We didn’t see a movie we truly LOVED this year. We liked Get Out, but loved it? Nope. Same with Lady Bird. Luckily for you, there are less snooty film critics out there than us who did compile a few Top Ten Films lists. Metacritic.com took the time to compile the Top Ten list and aggregated the score so here is the closest we know how to come to a consensus of Top Ten Films for 2017 (in order, with asterisks next to those we saw):

Get Out*

Call Me By Your Name

Lady Bird*

The Florida Project

Dunkirk*

Phantom Thread*

The Shape Of Water

Three Billboards Outside Ebbing, Missouri

Blade Runner 2049

A Ghost Story

Honestly, go back and watch Casablanca. Or for the first time if you’ve never seen it. The only film on this list that people will be talking about even two years from now is Get Out.

Reserves

Wallis Simpson, her husband the former King of England, and the Worst Person of the 20th Century

We’ve already suggested you watch Season 2 of The Crown, but we just watched Episode 6, “Vergangenheit,” and man, you have to see that. Turns out that not only was Edward VI a Nazi sympathizer, he actively abetted Hitler during World War II, likely costing his own country thousands of lives. Imagine a man who is head of his country acting in a way that best serves that country’s enemy for the sole purpose of fulfilling his own personal wants. I mean, imagine that. Anyway, The Crown makes history so much more compelling.

***
Also, we were reading A Gentleman In Moscow last night and came to a vignette about a few characters who, unable to pursue their careers in the fashion they hoped due to the Bolshevik crackdown, each found their own paths to somehow remain involved in their vocations. As author Amor Towles put it, “For when life makes it impossible for a man to pursue his dreams, he will connive to pursue them anyway.”

Doesn’t sound like anyone we know.

Music 101

Rockin’ Into The Night

At the end of a frigid early winter week, nothing will turn up the heat quite like an early ’80s brain-dead rock song heavy on the power chords. Thank you, .38 Special. That’s band co-founder Donnie Van Zant on lead guitar. His older brother, Ronnie, was the original lead singer of Lynyrd Skynyrd (hence, “Free Bird”) and died in a 1977 plane crash. Younger brother Johnny has been Skynyrd’s lead singer since 1987. That’s correct: Ronnie, Donnie and Johnny Van Zant, from Jacksonville, Florida.

Remote Patrol

Cotton Bowl: USC vs. Ohio State

8:30 p.m. ESPN

In which quarter do you have Nick Bosa being ejected for targeting Sam Darnold?

Finally. Two heavyweights. We like the Buckeyes, who got shut out 31-0 in their “bowl” game last season, to rebound.

10 thoughts on “IT’S ALL HAPPENING!

  1. What happened to your recent pick RIOT? I’m truly thrilled that you made a bunch of money this year with both GBTC & RIOT. However, to call putting money into EITHER of these “investing” is a JOKE. Call it what it is – GAMBLING on a BUBBLE. BTW, I looked into your RIOT – the so-called company has changed its name twice in just the PAST YEAR. At least thru last year, it’s only true asset was related to VETERINARY PRODUCTS. It changed its name again on my birthday this year (10/4) & announced an investment in the Canadian digital currency exchange Coinsquare. They’ve been in the blockchain space for LESS THAN 3 MONTHS & until then did nothing but LOSE MONEY EVERY FREAKIN QUARTER but yeah, ooh-boy, sounds like a good investment to me!

    Apparently, if I change my last name (already begins with “B”!) to “Blockchain”, my networth will quintuple OVERNIGHT. Whoo-hoo! “Chainchainchain, chain of FOOLS…” Who knew Aretha was a visionary?

    Do you by any chance have any Dutch ancestors? TULIP BULBS FOR EVERYONE!

    Anyhoo, does this mean you’re already back into GBTC? Or are you waiting for the NEXT drop of 50%? 😉 Well, good luck. When you become a billionaire, don’t forget us little people.

    Happy New Year, jdubs & to all at MH!

    • Susie B., Susie B….

      How shall we dissect this?

      “However, to call putting money into EITHER of these ‘investing’ is a JOKE.”

      What does “investing” even mean? Per Investopedia, “Investing” is “the act of committing money or capital to an endeavor (business, project, real estate, etc.) with the expectation of obtaining an additional income or profit.”

      Whether you like it or not, Bitcoin (subset of a much, much larger class of cryptocurrencies) is a store of value. What’s money? What’s gold? Nothing is inherently special about those things. We, human beings, said they have value. So guess what? They have value. The market cap of all cryptocurrencies is reaching 600 BILLION dollars. Extreme volatility does not make it gambling. It just makes it more volatile than other asset classes.

      Millions of people buy stocks without having any clue of what value lies within that asset. Why do they do that? Because they want to make money. We can discuss value investing versus investing, but that is a person by person discussion. Can’t we just say day traders are gambling?

      “They’ve been in the blockchain space for LESS THAN 3 MONTHS & until then did nothing but LOSE MONEY EVERY FREAKIN QUARTER but yeah, ooh-boy, sounds like a good investment to me!”

      How is your Amazon stock treating you? Amazon IPO’d in 1997. Do you know when they actually made a profit? 2001.

      “Or are you waiting for the NEXT drop of 50%?”

      Again, volatility. From January 3rd of this year until now, GBTC is up over 1,450%. Need I say more?

      Have a Happy New Year, Susie B., and all the MH community!

  2. Susie B.,

    I cannot tell you how much I appreciate Jacob making my arguments back to you for me, and doing so better than I am able to. Jacob, thank you! Sincerely.

    JW

  3. “Chain, chain, chain
    (Chain, chain, chain)
    Chain, chain, chain
    (Chain, chain, chain)
    Chain, chain, chain
    (Chain, chain, chain)
    CHAIN OF FOOLS

    For five long (er) years
    I thought you were my investor man
    But I found out
    YOU just a link in a bubble chain

    They got YOU where they want you
    You ain’t nothin’ but a fool
    You’ll be treated mean
    Oh you’ll be treated CRUEL

    Chain, chain, chain
    (Chain, chain, chain)
    CHAIN OF FOOLS”

    If you are seriously comparing INVESTING money in AMZN to GAMBLING money on a “company” that JUST A FEW MONTHS AGO had NOTHING to do with blockchain technology or digital currency, then I don’t know what to tell you but YES, a DAY TRADER is a GAMBLER & NOT AN INVESTOR.

    And to think I used to be mystified at jdubs’ fondness for TV POKER.

      • The idea of GAMBLING is to “make money” too. Using your definition of “investing”, all the losers in Vegas pawning their wedding rings/shirts/kidneys are actually “INVESTORS”? Well, in case your bitcoin “investing” doesn’t work out, you can always start up the 1st chapter of INVESTORS ANONYMOUS. 🙂

    • I’m sorry, Susie B. Did I say “6%” today? I meant 12%. Your mileage may vary….

      “It’s just another roll of the dice…”

  4. Susie B.,

    What happens if blockchain changes the world? What happens if it disappears? Does the upside outweigh the downside?

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