Andy Kessler Profile
Andy Kessler

@andykessler

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790

Inside View column Wall Street Journal @WSJ opinion page

Northern California
Joined May 2010
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@andykessler
Andy Kessler
7 months
WSJ: Pop Goes the DEI Bubble "Like everything based on the writings of Karl Marx—seeing oppressors and colonial struggles everywhere—DEI was doomed to fail." @elonmusk @BillAckman @realchrisrufo #DEI #ESG @Blackstone @Harvard @JakeSullivan46 @AOC @POTUS
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@andykessler
Andy Kessler
1 year
WSJ: Who Killed Silicon Valley Bank? "Management screwed up interest rates, underestimated customer withdrawals, hired the wrong people, and failed to sell equity. You're allowed only one." #SVBCollapse @federalreserve #SVB #VentureCapital #PrivateEquity
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@andykessler
Andy Kessler
4 years
WSJ: Behind the Bitcoin Bubble To figure out if you’re in a bubble, you need to find the source of hot air. Obvious for $GME, but for #Bitcoin #BTC , dig deeper, into the mysterious world of #Tether .
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@andykessler
Andy Kessler
6 months
@dylan522p I wrote Running Money in 2004 but my time with Morris Chang was probably from December 1991 or 1992 when TSMC was in its early days and only working with a few fabless companies in Silicon Valley.
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@andykessler
Andy Kessler
4 years
Scandal of $GME $AMC $BB will not be @RobinhoodApp cutting off customers buying shares, but prime brokers @GoldmanSachs and @MorganStanley and others previously lending more than 100% of the float to short sellers. Not supposed to happen. That’s the bonfire that Reddit lit.
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@andykessler
Andy Kessler
8 years
WSJ: Dear grads, you need a P&L Unscrunchie your man-buns, stop posting anonymous snark on YikYak, and listen up.
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@andykessler
Andy Kessler
7 years
WSJ: Unicorns Need IPOs It’s time for the whole blessing of unicorns—look it up—to break out, hit the public markets and trade every day like real companies.
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@andykessler
Andy Kessler
4 years
WSJ: Cancer Screening Leaps Forward “cancer may show up as thousands of methylation changes, a much richer signal to teach machine learning algorithms to find cancer” #Cancer #dnamethylation #DNA
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@andykessler
Andy Kessler
5 years
WSJ: President Donald J. MacGuffin Alfred Hitchcock called this kind of distraction a “MacGuffin”—something that moves the plot along and provides motivation for the characters, but is itself unimportant, insignificant or irrelevant.
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@andykessler
Andy Kessler
2 years
WSJ: The Many Reasons ESG Is a Loser For BlackRock, ESG and sustainable investing don’t seem to be about responsible or socially just investing, they are simply a lucrative business model. @musk #ESG #sustainability #WallStreet
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@andykessler
Andy Kessler
2 years
WSJ: ‘Effective Altruism’ Is Neither Talk of movements makes me nervous. The latest swirling in tech world is “effective altruism.” @elonmusk @FTX_Official #Crypto #Cryptocurency #philanthropy
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@andykessler
Andy Kessler
10 years
WSJ Weekend Interview: Angling to Be the MasterCard of Bitcoin - Brian Armstrong CEO Coinbase http://t.co/1NgMY3bAkm http://t.co/brqxmdlftx
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@andykessler
Andy Kessler
9 years
WSJ: Shrinking Tech Means Room at the Top Because Richard Feynman nailed it, now there's plenty of room at the top.
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@andykessler
Andy Kessler
4 years
WSJ: Mediocrity Is Now Mandatory Has an era of American mediocrity begun? Why work when Uncle Sam provides table stakes for mob-trading $GME and #DogecoinToTheMoon ? #StimulusChecks @CollegeBoard
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@andykessler
Andy Kessler
3 years
WSJ: Inequality by Way of Government @JohnHCochrane “quickly rattles off poor schools, occupational licensing, land-use rules, and disincentives that keep people down” @rweingarten
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@andykessler
Andy Kessler
6 years
WSJ: It’s Time to Fire Your Doctor Paperwork asks for your primary-care physician. I put “Dr. Webb” Uber for doctors is finally here.
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@andykessler
Andy Kessler
2 years
WSJ: The Deadly ‘De-Growth’ Craze Social-justice warriors hide behind squishy sentiments like intersectionality, critical race theory and inclusion. They’re definitely No-Grows. @wef #ClimateCrisis #crackpots #degrowth @linakhanFTC
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@andykessler
Andy Kessler
2 years
Meet the Dontells. Don’t tell me what to do! We no longer live in a nanny state, but a bossy state. You must express the prevailing opinion or face mockery. #scolds #Liberals #Liberty #Libertarian
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@andykessler
Andy Kessler
3 years
WSJ: The Market Fails a Breathalyzer “I live at the intersection of innovation and disruption, but when companies are worth more than any possible reality, watch out.” @jobyaviation @Carvana @BeyondMeat
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@andykessler
Andy Kessler
2 months
WSJ: The ‘Omnicause’ Is Collapsing “all the green-preening, capitalist-hating, oppression-obsessed, paper-straw-sipping, police-defunding, meat-shaming, parent-enabled, underemployed Marxist Omnicausers.” #Palestine #Hamas #Gaza_War #genocide
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@andykessler
Andy Kessler
4 years
WSJ: California Is Coming for You “California is an early glimpse for the rest of the country of a blackout-rolling, water-deprived, tax-hiking, spending-spiking one-party state longing for its old incandescent glow”
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@andykessler
Andy Kessler
3 years
WSJ: When the Stock Boom Turns to Bust "A partner at an old-line investment bank once told me that you haven’t seen a real bear market until you’ve lost 90% of your money." $GME @Bitcoin $MSTR
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@andykessler
Andy Kessler
2 years
WSJ: Chesa Boudin’s Lawless City “California is more concerned with renewables, EVs and paper straws than doing anything about crime, homelessness or junkies shooting up in broad daylight.” @chesaboudin @safersfnoboudin @GavinNewsom #SanFrancisco
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@andykessler
Andy Kessler
3 years
WSJ: Crypto Is Shedding Its Tether "JCan we trust Tether, which has grown from 21 billion to 69 billion tethers in circulation this year?" @Bitcoin @Tether_to #cryptocurrency #ETF @proshare @bitcoinetf @TishJames
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@andykessler
Andy Kessler
3 years
WSJ: Maskless Among the Lemmings “What bizarro world had I entered? Mask mandates were over, and yet here I was in some weird anxiety zone for the masked who continue to feel they are in perpetual danger.”
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@andykessler
Andy Kessler
10 years
WSJ Saturday Interview: Reid Hoffman-Job Hunting in the Network Age http://t.co/HTPHmIiCwv You are your colleagues, customers & competitors
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@andykessler
Andy Kessler
7 years
Lowering costs through automation allows capital to attack harder problems. Wake me up when we run out of problems.
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@andykessler
Andy Kessler
10 months
WSJ: Is the U.S. Ready for War? I met with Ark Sen Tom Cotton—former platoon leader 101st Airborne Division in Iraq who sits on the Armed Services Committee @USArmy @USNavy @potus @TomCottonAR #Ukraine #HamasTerrorist @elonmusk @PalmerLuckey @PalantirTech
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@andykessler
Andy Kessler
6 months
WSJ: The Uber of Foster Care "What would happen if you could expose people to the reality that a bed or crib or car seat, or paying a bill would actually make a difference to keep kids out of foster care and reunify biological families? That is
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@andykessler
Andy Kessler
2 years
WSJ: The Decline of Work Or “I need a good work-life balance,” which suggests someone doesn’t want to work very hard. #work #purpose #balance @rweingarten @Starbucks @amazon
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@andykessler
Andy Kessler
3 years
WSJ: The Chip That Changed the World Most of the wealth created since 1971 is a result of Intel’s 4004 microprocessor, launched November 15. @intel @Microsoft #future @IBM @Google #TensorFlow #NeuralNetworks
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@andykessler
Andy Kessler
6 years
WSJ: Advice to New Grads: Scale or Bail Dear Grads: Put down your JUUL vape pen, unplug from “Fortnite,” tuck in your “I Am the Change” shirt, and listen up.
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@andykessler
Andy Kessler
7 years
#bitcoin Almost done?
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@andykessler
Andy Kessler
7 years
WSJ: For Whom the Bell Tolls, Sell - Bull runs end with bad earnings. Manias end when the market runs out of buyers.
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@andykessler
Andy Kessler
2 years
WSJ: A Nation of Quitters We have unemployed, perpetually plugged-in, dopamine-addled Cyber Bohemians—let’s call them Cy-Bos. #bohemians #unemployed @FallGuysGame #dispencary
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@andykessler
Andy Kessler
3 years
WSJ: To Lie is Human "Oh, and 'if you’ve been fully vaccinated, you no longer need to wear a mask' came on day 113. We are all fact checkers now."
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@andykessler
Andy Kessler
5 years
WSJ: Tech Treadmill Wears Firms Out Does technology provide a competitive advantage?
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@andykessler
Andy Kessler
2 years
Congrats Brett! #UWGrad
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@andykessler
Andy Kessler
1 year
WSJ: From Zero to Hero "While Silicon Valley Bank management clearly burned down the bank, the Biden administration and Fed supplied the gas and matches and now want credit for racing their firetruck to the rescue." @POTUS #SVBCollapse @federalreserve
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@andykessler
Andy Kessler
3 years
WSJ: How to Be an Anticapitalist “expanding his postal-like government with massive deficits, old technology, long lines…” @DrIbram @federalreserve #Infrastructurebill @POTUS #Parasite
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@andykessler
Andy Kessler
2 years
Remember in 2008 when @Yahoo turned down @Microsoft ’s $45 billion, $31 offer? CEO Jerry Yang said it “substantially undervalues Yahoo” After splitting off @AlibabaGroup shares, Yahoo was basically worth zero. @Twitter management might revisit that lesson.
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@andykessler
Andy Kessler
5 years
WSJ: Follow Michael Crichton’s Rule Nuclear winter? No one could take the other side of the argument. Physicist Freeman Dyson: “It’s an absolutely atrocious piece of science, but who wants to be accused of being in favor of nuclear war?” Sound familiar?
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@andykessler
Andy Kessler
2 years
WSJ: When Will the Selling Stop? "We'll see a bottom when the last to the party finally dump what they own and swear to the almighty Elon Musk never to buy crypto or stocks again." @musk @Bitcoin @terra_money @TerraLUNADaily @Nasdaq @Carvana @Rivian
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@andykessler
Andy Kessler
3 years
WSJ: 90% of Everything Is . . . Take a Guess Venture capitalist @pmarca Marc Andreessen explains the world with Sturgeon’s law. #IBM #Sturgeon #technology #siliconvalley
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@andykessler
Andy Kessler
5 years
WSJ: Jamie Dimon’s Timely Warning About Socialism's Misery Socialists are modern-day Luddites, destroyers of technology to preserve jobs. @BernieSanders @AOC #SocialismKills
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@andykessler
Andy Kessler
2 years
Three Arrows hedge fund imploding (losing $billions?) after #Cryptocrash . Co-founder Kyle Davis in 6/18 Wall Street Journal “The Terra-Luna situation caught us very much off guard” For $5, he could have bought the May 1 @WSJ with this on hidden debt: #cryptocurrency $BTC #LUNA
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@andykessler
Andy Kessler
5 years
WSJ: Is an M.B.A. Still Worth It? Last year 70% of two-year M.B.A. programs saw declining enrollment; in 2014 it was only one-third. Rats deserting a sinking ship?
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@andykessler
Andy Kessler
2 years
WSJ: A Better Future for ALS Patients Few drugs slow the disease’s progression, and none provide a cure. @alsassociation #ALS @warriors #CRISPR
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@andykessler
Andy Kessler
7 years
WSJ: The Bitcoin Valuation Bubble Visa’s value based on 300-basis-point fees. Bitcoin fees under 1 basis point.
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@andykessler
Andy Kessler
4 years
It’s sum­mer—must be time to grill a few CEOs. It’s tech suc­cess vs. lawyers and ca­reer politi­cians who prob­a­bly have an aide print out their emails.
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@andykessler
Andy Kessler
8 years
WSJ: Siri, Am I About to Have a Heart Attack? Smart machines crunching health info is real-except for the roadblocks
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@andykessler
Andy Kessler
2 years
WSJ: My Attempt at Tuning Out the World At a wellness retreat, they hung me from the ceiling with silk sheets to meditate.
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@andykessler
Andy Kessler
2 years
WSJ: The Lesson of Carlin’s Dirty Words "Today, there is a long list of things you can’t say, even 'master bedroom.'” #comedy #censorship #CancelCulture
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@andykessler
Andy Kessler
4 years
Getting a lot of questions about what’s going to happen to $GME @GameStop and $AMC @AMCTheatres stocks. This chart predicts the next few weeks. Markets will destroy the shorts and then destroy all those redditers late to the party. Isn’t investing fun?
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@andykessler
Andy Kessler
3 years
Reason 1531 why to never trust academic economists (Princeton in this case) No mention of price signals. Nanny state economics. “Big is bad” bias. @MegJacobs100 #Economics
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@andykessler
Andy Kessler
3 years
WSJ: The President’s Speech “I respect Biden’s personal strength. Stuttering isn’t cancer, but there doesn’t seem to be a cure except perseverance.” @SHAQ @HerschelWalker @MrBean @stutteringfdn @brucewillis321 @CarlySimonHQ @AdamSandler @kendricklnation
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@andykessler
Andy Kessler
3 years
WSJ: ‘Drill, Baby, Drill’ Is the Future (Deep Geothermal) "Mark Twain once said, “Go to Heaven for the climate, Hell for the company.” Maybe toward hell for both."
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@andykessler
Andy Kessler
2 years
WSJ: RIP Big Bull Market (1982-2022) "This was the Big One, a secular, interest-rate-plummeting, multiple-expanding, earnings-exploding market bonanza that ushered in the modern digital era." #WallStreet #inflation #Crypto
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@andykessler
Andy Kessler
2 years
WSJ: The Alzheimer’s Cure Conundrum “They see a pipeline populated with potential, though they point to some flaws in the system.” @alzassociation @US_FDA #Alzheimers
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@andykessler
Andy Kessler
2 years
My new favorite magazine cover. At least the headline writer added a question mark. @SBF_FTX @FTX_Official #cryptocrash
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@andykessler
Andy Kessler
9 years
WSJ: The Glory Days of Private Equity Are Over http://t.co/XpUIO60Axb The Swensen Model is done. Stick a fork in it. Out of fat targets.
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@andykessler
Andy Kessler
5 years
WSJ: Warren Is the WeWork Candidate “from the same school of financial engineering and dishonest accounting.”
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@andykessler
Andy Kessler
5 years
An antidote to inflammation caused by the (OK, deep breath . . .) prosperity-crushing, speech-inhibiting, nanny state-building, carbon-obsessing, patriarchy-bashing, implicit bias-accusing, tokey-wokey, globalist, swamp-creature governing class.
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@andykessler
Andy Kessler
4 years
Allow me to rewrite the headline: @stoolpresidente Dave Portnoy loses $700K and blames @RobinhoodApp because they limited buying of $GME and $AMC so even stupider bigger fools from @wallstreetbets couldn’t bid up the price and let him to dump his shares on them.
@stoolpresidente
Dave Portnoy
4 years
I have officially sold all my meme stocks. I lost 700k ish. Vlad and company stole it from me and should be in jail.
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@andykessler
Andy Kessler
6 years
WSJ: Look Out, Bitcoin Has Lost Its Tether Learn from Sir Isaac Newton: When this kind of thing goes up, sooner or later, gravity works. #bitcoin
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@andykessler
Andy Kessler
10 months
WSJ: War Destroys Leftist Orthodoxies These witless nitwits have also aided Iran’s attempt to stop Saudi Arabia from joining the Abraham Accords. #Decolonisation #progressives @AOC @IDF #Gaza #Palestine
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@andykessler
Andy Kessler
2 years
Circle of fools. Gemini & @Cameron Winkelvoss are out $900 million they lend @GenesisTrading which is part of @DCGco , with $1.65 billion in debt. They own #GBTC Greyscale Bitcoin ETF. Messy! Gemini Earn paid 8% on #Crypto deposits, lent to Genesis for more than 8%. No collateral?
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@andykessler
Andy Kessler
7 years
WSJ: Bill Gates vs. the Robots Degrowth innovation. Give up Google Maps, Snapchat? Pry them from my cold dead thumbs
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@andykessler
Andy Kessler
1 year
WSJ: Turn Off the Fed Bubble Machine "This sets up the next bubble which the Fed fights with more interest rate cuts, churning the crank on the Welkian bubble machine. STOP DOING THIS!" @fed #inflation #bubbles #economy @SBF_FTX @WeWork @beeple #eggs
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@andykessler
Andy Kessler
7 months
WSJ: Power Corrupts, Absolutely “Government is just a form of bullying for weaklings,” author PJ O’Rourke once told me. “Politics is the art of achieving power and prestige without merit.” Bingo. @BillGates @sama @OpenAI #adamsmith #Power #Control @POTUS
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@andykessler
Andy Kessler
6 years
WSJ: George Costanza’s Investment Tips In investing, how do you know what’s right? It almost always feels wrong.
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@andykessler
Andy Kessler
6 years
WSJ: Google’s Anti-Pentagon Decision Will Kill More People Not renewing Project Maven was short-sighted and dangerous.
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@andykessler
Andy Kessler
1 year
WSJ: Ignore the Hysteria on AI and Jobs Eat People. “85% of employment growth over the last 80 years is explained by the technology-driven creation of new positions.” Bingo. #AI #jobs @OpenAI @SouthwestAir @McdonaldsRest @Chegg
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@andykessler
Andy Kessler
6 months
always behind @ScottAdamsSays
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@andykessler
Andy Kessler
4 years
WSJ: Graduation Is a Time for Unlearning There are really only a few things you can trust: Data. Markets. Your gut. Ignore the windbags at cocktail parties and protest marches. #Graduation2020
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@andykessler
Andy Kessler
2 years
Gemini loaned Genesis $900 million in customer deposits, likely paying > 8%. No collateral? Who’s the fool? #CryptoNews #cryptocurrency @SBF_FTX
@cameron
Cameron Winklevoss
2 years
Earn Update: An Open Letter to @BarrySilbert
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@andykessler
Andy Kessler
4 years
WSJ: The Physics of a Political Crack-Up Democracy, like a suspension bridge, needs weight to give it stability. We’ve lost it.
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@andykessler
Andy Kessler
2 years
WSJ: Oprah, Pavlov and Gavin Newsom @GavinNewsom sending Californians $400 gas-tax-rebate debit cards: You get a card. You get a card. Everybody gets a card! @Oprah @PGE4Me #energyprices #Oil
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@andykessler
Andy Kessler
6 years
WSJ: Senator Mark Warner’s Plan to Ruin the Internet Warner wants to show that Techland has gotten too big for its breeches and that the center of power radiates from the Hill—not the Valley. He forgets there’s one Market to rule them all. #Senate
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@andykessler
Andy Kessler
7 years
used to know @MichaelWolffNYC in the dotcom days. read his book Burn Rate, well written but felt “score settling” to deflect blame for his failure. then met a principal from book, told me it’s “fast and loose” with facts and not reality. haven’t believed a word from Wolff since
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@andykessler
Andy Kessler
5 years
Starting tomorrow, oddly, you can still buy sugary drinks in plastic bottles at SFO; only healthy, calorie-free water is banned in plastic. You can’t make this stuff up. #dumblaws
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@andykessler
Andy Kessler
8 years
WSJ: Dear Grads, get a P&L Technology is like a twister headed toward a trailer park, it will pick up & displace you
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