What the SPAC?

March 18, 2021 Recent financial headlines have covered the exponential growth of SPACs. Is this an investment worthy of a long-term investor’s money? SPACs (Special-purpose acquisition companies) have been around for over 30 years and have become immensely popular...

Revisiting Cryptocurrency 02/12/21

News of Tesla buying $1.5 billion of Bitcoin last week pushed the price of the cryptocurrency to record levels. Many advocates of Bitcoin viewed this as a validation of using cryptocurrency as a new class of investment. In a filing with the Securities and Exchange...

Prato Perspectives 2/4/20

Beating Wall Street? The media has emphasized how individual investors have banded together on social media sites to beat ‘Wall Street’ at their own game. A real-life story of David vs. Goliath, the small retail investor against the large hedge fund industry. Our last...

The Short-Squeeze and Gamestop

It is possible to make money when stock prices go down. That is the strategy of short sellers.   From the US Securities and Exchange Commission’s Investor.gov website: “A short sale occurs when you sell stock you do not own. Investors who sell short believe the...
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