Mr. Wonderful Is Having A Change of Heart: From Dividend-Paying Stocks to Crypto
We continue to track the hypothetical SEC employee’s research efforts on investing and crypto. Remember, they started on June 1, and so far, picked a research subject every day: Warren Buffett/Charlie Munger on June 2, Aswath Damodaran on June 5, Jamie Dimon on June 6, and Bill Miller on June 7.
You come to work today, a little bit depressed. You feel like your research yesterday on Bill Miller didn’t give you much of a principled position to stand on. You glance at your notes. Him viewing investment as any money-making opportunity strikes you as somewhat curious.
You look at your screen and ponder potential subjects as you actually haven’t yet decided on a subject for today’s research. Who’s next? You need another pro-crypto “investor”. But who?
Investors… Your mind takes you to last night when you treated yourself to a couple episodes of Shark Tank. You always enjoyed that back-and-forth between the budding entrepreneur who is trying to get their first deal and the sharks themselves. Last night, one small business was so successful they had an incredible amount of early cash flow, so much so that all five sharks were circling!
You smile because you just realized what to do today. A shark who is constantly evaluating the cash flows of small businesses to make an investment decision would be a perfect subject. Do any of these sharks dabble with crypto?
A few clicks, and yes, one of them certainly does. Kevin O’Leary, the charismatic Mr. Wonderful, seems to be all over it.