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Feb 20 • 5 tweets • 4 min read
Coming up on @realmoney on Tuesday:
Streaming and On Line Gambling Are Destined Towards "Profitless Prosperity" - Avoid the Stocks
* Three of the most dangerous words in an investors' lexicon are.. "total addressable market"
* A dead cat bounce is always possible but
challenges towards the road of profitability suggest the stocks are unattractive from a longer term standpoint ...
I often wonder why the investing world is prone to generalize, taking investing concepts to the heights of valuation. (Robinhood, Zoom, Peloton are recent examples
of unbridled and unjustified investor enthusiasm).
Unfortunately, generalizations (of concepts) often don't pan out and sometimes are utterly inaccurate.
@jimcramer @davidfaber @SquawkCNBC @tomkeene @saraeisen @ferrotv @lisaabramowicz1 @carlquintanilla @riskreversal
@SquawkCNBC @business @ScottWapnerCNBC Enjoy the long weekend! @threadreaderapp unroll $HOOD $ZM $PTON
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More from @DougKass

Dougie Kass Profile picture
Feb 20
From @realmoney February, 2021:
Feb 12, 2021 | 08:45 AM EST DOUG KASS
We All Live in Cathie Wood's World! (But That Could Change Quickly)
* In this market cycle, ARK Invest is at the forefront of investing in disruptive technology
* But I hear the echoes of the "Nifty Fifty Era"
and The Dot.com Boom in today's current market conditions
* ARK is not the first to shoot lights out in the market and to gain massive assets under management
* We should look at the bank trust departments in the late 1960s/early 1970s and the Janus Funds
(especially the Twenty Fund) during the dot.com era to remind ourselves of boom/busts in money management
* ARK may be an intriguing short for those that believe stocks (and technology in particular) are currently overpriced @jimcramer @tomkeene @ferrotv
Read 4 tweets
Dougie Kass Profile picture
Feb 18
@KeithMcCullough $SHAK, $DKNG, $ROBU, $RBLX - more media darlings that have spit the bit this week.
Coming up on @TSTRMPro
Fame And Access Should Be Earned By Process and Not By Personality
* Beware of the hocus pocus 'cause when they get into trouble as the tide goes out --
they go into their dance
"They are shorting innovation and are simply not doing any research."
- Cathie Woods
Ten days ago I wrote the following column which bears repeating in this very challenging market backdrop.
The criticism is not an ad hominem attack on Cathie Woods, on the business media, or
Read 8 tweets
Dougie Kass Profile picture
Feb 17
As someone who has been at odds with @KeithMcCullough for years (no more!) and is now a paying member of @hedgeye I recognize him as a valuable resource. His statement about mistakes is incredibly important and honest. There are so many in the Twittersphere that live with
vitriol, attacking ad hominem. They reside in the cheap seats and are shrouded in anonymity - never having been on the playing field. Real money managers make numerous mistakes but know how to control risk - that is the essence of alpha. Keith's process is rigorous and
not the scripted and non analytical sound bytes that we see too often daily in the business media. You will not be successful as an investor by skimming the surface - being miles long but only inches deep.
If you can't describe what you are doing as an investing process - as
Read 4 tweets
Dougie Kass Profile picture
Feb 14
From @realmoney today:
I am always in doubt - and often wrong - but here are some of my more confident views:
* The S&P has likely made an important, distributive and broad market top in early January, 2022.
* We are in a trading sardine market and not an eating sardine market.
* We have likely entered a heightened regime of volatility.
* The consensus expectations for U.S. economic and corporate growth are too high.
* The consensus forecasts for inflation are too low.
* The consensus view that supply chain interruptions and logistical issues will
be arrested by mid-2022 are probably too optimistic.
* Monetary policy has been too expansive for too long.
* The Federal Reserve will likely be more hawkish than most expect.
* When it's time to buy stocks, you won't want to.
* When its' time to sell stocks, you won't want to.
Read 4 tweets
Dougie Kass Profile picture
Feb 14
@realmoney

Feb 14, 2022 | 08:26 AM EST DOUG KASS
Every Silver Lining Has a Touch of Grey
* The top 10 things I am "almost" certain about
* Playing in the investing band incorporates challenges that too many underestimate
* We will get by... and survive
We are all playing in the investing band, looking for answers and superior returns.
We light a candle and, sometimes, curse the glare and draw the curtains.
The Grateful Dead's Jerry Garcia sang that he could "tell the future by looking what's in your hand."
But, despite the uber confidence of many - in both the music and investment management business - today we live in a world of economic, social, and market uncertainties in which the only certainty is the lack of certainty.
Read 9 tweets
Dougie Kass Profile picture
Feb 13
Coming up tomorrow on @realmoney
Every Silver Lining Has A Touch of Grey
* The top ten things I am certain about
* Playing in the investing band incorporates challenges that too many underestimate
* We will get by... and survive

We are all playing in
the investing band, looking for answers and superior returns.
We light a candle and, sometimes, curse the glare and draw the curtains.
The Grateful Dead's Jerry Garcia sang that he could "tell the future by looking what's in your hand."
But, despite the uber confidence of many
(in both the music and investment management business) -- today we live in a world of economic, social and market uncertainties (in which the only certainty is the lack of certainty). @tomkeene @jimcramer @carlquintanilla @riskreversal @SquawkCNBC @cnbcfastmoney @ferrotv
Read 4 tweets

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