“Bad Blood” was one of the few books that I had actually preordered as I usually prefer more “seasoned” books.
I was not disappointed. “Bad Blood” is written by WSJ journalist John Carreyrou who also broke the initial story on Theranos, the once high-flying Silicon Valley Tech startup.
“When the wolves bite” is the story about Herbalife and the fight between Bill Ackman, the Activist Hedge Fund manager who publicly shorted the company and Acitivist legend Carl Icahn who became a large shareholder mainly in order to annoy Bill Ackman.
To be honest, I knew about Sam Zell and his real estate empire to some extent but I didn’t consider him as a great general (value) investor so far. This clearly changed after reading his “Memoirs”.
Who doesn’t like to own a stock which increases by a factor of 100 ? The introduction of the book promises that it will tell the reader all he/she needs to know about 100 baggers and that anyone can invest in them.
Ben Horowitz these days is known best as co-founder of Venture Capital firm A16Z or Andreessen & Horowitz. He is also famous for being an early employee of Netscape and founder of a company called Loudcloud and then Opsware which he sold to HP for 1.6 bn USD.
Almost a year ago, I reviewed the excellent book “Digital Gold” which covered the story of Bitcoin from its beginnings.
Back then I said the following:
I have absolutely no clue what a fair price of a Bitcoin might be. But I believe that in order to have value it has to be widely used and not just to speculate on an increase in value. Personally I would never “invest” in Bitcoin as for me, an investment needs to produce cashflows.
Well, this was (so far) one of my weaker calls. Back then in September 2016, Bitcoin traded slightly below 600 USD, at the time of writing, the price has went up almost 8 fold to 4500 USD per Bitcoin (at the time of writing).
Book review: Attack of the 50 foot Blockchain
Ted Seides, the author of this book came to some fame because of his 2007 bet with W. Buffett where he claimed that he could pick 5 (hedge) fund-of-fund managers which would outperform the S&P 500 over the next 10 years. He already admitted to have lost before the 10 years end.
