The mania around SPACs, or special purpose acquisition companies, reached an unprecedented high in 2020. Our investigation found that the market’s incredible growth was actually being fueled by sophisticated hedge funds and well-paid promoters, milking a no-lose trade to the max. Now, hundreds of SPACs are hunting for deals that will make insiders and their backers tens of billions of dollars. As usual, retail investors will likely be left holding the bag on this bubble.
Every day, Spitznagel deploys a strategy of dangling pennies in front of greedy traders for them to pluck for free. The catch? Every once in a while, the free penny turns out to be a ticking time bomb, a $1 or $2 liability. This strategy made Spitznagel and his investors about $3 billion of profit on $100 million in capital at the height of Covid. We caught up with Spitznagel as he was counting his coin from a goat farm in a remote corner of Michigan.
Vaccines are free! Right, it’s free for every Chinese!
Remarkable
2021 Keep It Simple Stupid. Just buy bitcoin.
dollar on life support
David Dobrik Big Kar98 Plays In The Final Zone/ Call Of Duty Cold War🤯🤯🤯🤯