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Editor’s Note: As Chief Investment Strategist of Total Wealth, Keith believes in making his track record of recommendations easily accessible to all readers within seconds – and that’s why he’s compiled an Archives page. Here you’ll find links to every Total Wealth article Keith has published since Total Wealth’s creation on October 2, 2014, posted in reverse chronological order.

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  • Keith Fitz-Gerald Oct 11, 2019
    1 
    WeWork: How to Play What Happens Next

    Charles Schwab told CNBC earlier this week that he would never buy the money-losing companies going public these days.

    Neither would I.

    This year’s initial public offerings have been the least profitable of any year since the tech bubble nearly 20 years ago. They’re a sham being foisted upon unsuspecting investors.

    WeWork, a media darling that Wall Street loved to talk about, is a particularly egregious example.

    The workspace sharing company was supposedly worth $47 billion just prior to pulling its offering according to greedy lawyers, Silicon Valley execs, and angel investors – all of whom were hoping you wouldn’t notice that the math doesn’t add up.

    I only wish the company had blown up sooner.

    Because then I wouldn’t have to say what I’m about to with regards to Uber, Lyft and Peloton.