Bonus Fieldnotes: Schadenfreude Summer Tour 2022

Now that the Tide has Turned, Let's Revisit Our Favorite Targets of the Past Year

It's been a tough first half of the year for the stocks that we spent time talking trash about. It seems poor form to kick a company when it's down, but we took our lumps on the way up with these stocks, so we're happy to get in a few good cuffs now that the opportunity has finally arrived.


HOOD - Robinhood Markets Inc. 2022 YTD Performance: -60.30%

ARKK - ARK Innovation ETF 2022 YTD Performance: -58.35%

BTC - Bitcoin 2022 YTD Performance: -52.86%

CLOV - Clover Health Investments Corp 2022 YTD Performance: -40.19%

TSLA - Tesla Inc. 2022 YTD Performance: -33.88%

QQQ - Invesco QQQ Trust 2022 YTD Performance: -28.94%

SVXY - ProShares Short VIX Short-Term Futures 2022 YTD Performance: -23.01%

CQQQ - Invesco China Technology ETF 2022 YTD Performance: -21.44%

GME - GameStop Corp 2022 YTD Performance: -13.24%


We don't run long/short or short-only portfolios, but sometimes we wish we did. As the Oracle is famous for saying, "When the tide goes out, you can tell who's been swimming naked." The past few years have been a bonanza of bad companies. Loose monetary policy, low yields, easy credit and a compliant Federal Reserve have combined to create a once-in-a-decade opportunity to make money through prudence. Normally prudence costs you money--insurance should cost you something--but for those who hung in there through all the nonsense, your ship is coming in. And it's only the middle of the year!

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