Dan AmossDan Amoss

Dan Amoss, CFA, tracks aggressive accounting and other red flags that markets miss. He’s a student of the Austrian School of economics and Daily Reckoning fan since 2000. Agora Financial relies on Dan for macro market commentary as well as profitable plays like his 2008 call to readers to buy Lehman Bros. puts, which gained 462% as the stock fell from $45 to $12. And he called American Airlines’ bankruptcy long before the Chapter 11 filing, telling readers to short the stock, which tanked from $6 to just 26 cents.

Formerly, he was investment adviser to one of the top small-cap mutual funds in the country. He grew up on a semi-working small farm that his great-grandfather bought in 1907, learning thrift and the value of hard work through generations. 

This informs his drive to seek truth and expose frauds and promotions that suck in investors. He cut his teeth in finance interviewing management teams in “roadshows” and so knows the kind of BS they sell.

His bottom-up investing style focuses on management strategy, return on capital and the truth (and lies) buried in financial statements.


How GM Borrowed a Boom From The Future

When events cause distant future cash flows to be pulled closer to the present, it does not permanently boost a stock’s value. Revenue that otherwise would have been booked over two or three years may have been front-loaded into this year. In the case of GM, a recent profit margin boom was borrowed from the future. When a borrowed-from future arrives, shareholders may be shocked by how rapidly earnings at an auto manufacturing business can fall.

MIDAS September Portfolio Update

The higher gold prices rise, the more sense it will make for the majors and intermediate gold miners to accelerate their acquisition of attractive gold projects. If you own stakes in projects with attractive economics, you have bought ahead of what we expect to be another boom in acquisitions in the early- to mid-2020s. We expect patience to be greatly rewarded. For now, Dan gives guidance on all the open positions.

September Portfolio Update

Investors have crowded into popular mega-cap stocks, which means there is opportunity to make tactical trades on overbought, overvalued stocks. If we get a correction in the broad market that lasts for more than a few days, our open positions could quickly rise in value. For now, Dan gives guidance on the open positions in your portfolio.

September Portfolio Update

Investors have crowded into popular mega-cap stocks, which means there is opportunity to make tactical trades on overbought, overvalued stocks. If we get a correction in the broad market that lasts for more than a few days, our open positions could quickly rise in value. For now, Dan gives guidance on all the open positions in your portfolio.

Sell Alert: Sell Evergy For A 29% Return

The massive outperformance of Evergy over more popular, well-known green energy stocks is a testament to the importance of fundamental analysis, which has been out of style, but is a timeless investing strategy. Although Evergy is one of the best-positioned utilities to navigate the Biden administration’s carbon-control initiatives, the stock’s valuation is now stretched and vulnerable to a correction. So, let’s take profits now.

C.O.B.R.A. September Portfolio Update

A U.S. binge of Chinese-made goods in late 2020 and early 2021 caused an export boom. But there will be a hangover in U.S. consumption, and it will make China’s economy more dependent on internal dynamics. With China under pressure to devalue its currency, this dynamic is one of many reasons our system recently signaled a bearish trade on the China iShares (FXI). For now, Dan gives guidance on the open positions in your portfolio.

Traders Chase Fruitless Investments

The investing environment has become hazardous as data and anecdotes confirm that emotions and herd behavior is near a historic peak. This type of behavior creates momentum trading and once this momentum starts to fade for certain stocks, selling pressure can become extreme. When markets become dominated by momentum traders, the predictable result is near-vertical rallies followed by even faster crashes.