REDACTED Investment Advice

Cataloguing the worst investment calls in history, so you don't have to make them yourself.

Latest Bad Advice

131 posts
Aged Like Milk May 2024

JPMorgan Fired "Wall Street's Nostradamus" for Being Too Bearish. The S&P 500 Then Rallied Another 25%.

"I think we're in a fragile market... the risk-reward for equities is not favorable. We maintain our year-end S&P 500 target of 4,200."

— Marko Kolanovic, JPMorgan Chief Global Strategist

13h ago
Aged Like Milk July 2024

Wall Street's "Most Bearish Strategist" Predicted a 32% Crash to S&P 3,750 in 2025. The Index Rallied 17% to All-Time Highs Instead.

"The consensus soft-landing narrative is wrong. The US will fall into a recession in late 2024 or early 2025. Growth in the rest of the world will also slow sharply."

— Peter Berezin, Chief Global Strategist at BCA Research

18h ago
Hall of Shame October 15, 1929

Yale Economist Called "The Greatest America Ever Produced" Declared Stock Prices Had Reached "A Permanently High Plateau." Nine Days Later, the Market Crashed 89%.

"Stock prices have reached what looks like a permanently high plateau."

— Irving Fisher, Yale Professor of Economics

1d ago
Aged Like Milk 2020-2021

The "SPAC King" Promised to "Democratize" Investing for Retail Investors. His Six SPACs Lost Them 70-98% of Their Money. He Made $750 Million.

"I think that there is a democratizing effect here which is very important and powerful... SPACs are a means to democratize access to high-growth technology companies for retail investors."

— Chamath Palihapitiya, Venture Capitalist and SPAC Sponsor

1d ago
Hall of Shame February 11, 2008

Yahoo Co-Founder Rejected Microsoft's $44.6 Billion Offer Because It "Substantially Undervalues Yahoo." Nine Years Later, Yahoo Sold for $4.48 Billion.

"We have concluded that your proposal is not in the best interests of Yahoo and its stockholders. It substantially undervalues Yahoo."

— Jerry Yang, Yahoo Co-Founder and CEO

2d ago
Aged Like Milk August 7, 2024

Rosenblatt Analyst Set a $1,300 Price Target on Super Micro Computer. Three Weeks Later, Hindenburg Research Dropped a Short Report. The Stock Is Now at $24.

"We are raising our price target to $1,300... The 25% correction seems over the top when considering the Hindenburg dynamic as old news or inaccurate."

— Hans Mosesmann, Senior Research Analyst at Rosenblatt Securities

2d ago
Aged Like Milk March 30, 2025

White House Trade Advisor Promised Tariffs Would Raise $700 Billion a Year. The Actual Amount Was $240 Billion. Then the Supreme Court Ruled It All Illegal.

"We are going to raise about $600 to $700 billion a year from these tariffs. Auto tariffs alone will add another $100 billion. This is how we fund the biggest tax cut in American history."

— Peter Navarro, White House Senior Advisor for Trade and Manufacturing

3d ago
Aged Like Milk October 21, 2019

Elon Musk Promised "Over a Million Robotaxis" by 2020. Six Years Later, Tesla Has a Handful of Modified Model Ys With Human Babysitters.

"Next year for sure, we will have over a million robotaxis on the road. The fleet wakes up with an over-the-air update. That's all it takes."

— Elon Musk, CEO of Tesla

4d ago
Aged Like Milk March 28, 2024

Wall Street Analyst Downgraded Palantir to "Sell" With a $20 Target, Warning That "The Darkest Days" Were Ahead. The Stock Is Now at $145.

"We are downgrading Palantir to a Sell rating... valuation is egregiously rich... and we believe the darkest days of this economic downturn are ahead of us."

— Brian White, Senior Analyst at Monness, Crespi, Hardt

4d ago
Hall of Shame October 6, 1997

Dell Founder Said He Would "Shut Down" Apple and Give the Money Back to Shareholders. Apple Is Now Worth $3.7 Trillion. Dell Just Went Private to Avoid Shareholders.

"What would I do? I'd shut it down and give the money back to the shareholders."

— Michael Dell, Founder and CEO of Dell Inc.

5d ago
Aged Like Milk April 8, 2025

White House Trade Advisor Personally "Guaranteed" No Recession. The Economy Contracted Three Weeks Later.

"I guarantee no recession, OK? ... Dow 50,000, I guarantee that."

— Peter Navarro, White House Senior Counselor for Trade and Manufacturing

5d ago
Hall of Shame June 1998

Nobel Prize-Winning Economist Said the Internet Would Be No Bigger Than the Fax Machine. Today the Internet Economy Is Worth $14 Trillion.

"The growth of the Internet will slow drastically... By 2005 or so, it will become clear that the Internet's impact on the economy has been no greater than the fax machine's."

— Paul Krugman, MIT Economist (later Nobel Prize winner)

6d ago
Hall of Shame December 2016

Economist Predicted Dow Would Crash to 3,000-5,000 "A Couple Years" From 2016. A Couple Years Later, It Was 26,000. Today It's Over 40,000.

"I think it [Dow] is going to end up between 3,000 and 5,000 a couple years from now. This is going to be a stock market peak of a lifetime followed by a crash very similar to the early 1930s."

— Harry Dent, Founder of Dent Research, on CNBC

6d ago
Hall of Shame 2000

Blockbuster CEO Was Offered Netflix for $50 Million. He Barely Contained His Laughter and Said No. Netflix Is Now Worth $400 Billion. Blockbuster Has One Store Left.

"The dot-com hysteria is completely overblown."

— John Antioco, Blockbuster CEO, after Netflix founders pitched him on an acquisition

Mar 31, 2026
Aged Like Milk February 2021

Intel CEO Promised "Five Nodes in Four Years" With "Unlimited Budget." He Was Fired Before Year Four. The Stock Lost 60%.

"You have an unlimited budget, and you are going to deliver five nodes in four years."

— Pat Gelsinger, Intel CEO, speaking to his head of technology development upon returning to the company

Mar 31, 2026
Hall of Shame April 2007

Microsoft CEO Said iPhone Had "No Chance" of Getting Significant Market Share. Apple Is Now Worth $3 Trillion. Windows Phone Is Dead.

"There's no chance that the iPhone is going to get any significant market share. No chance. It's a $500 subsidized item. I'd prefer to have our software in 60% or 70% or 80% of phones, than I would to..."

— Steve Ballmer, CEO of Microsoft

Mar 30, 2026
Aged Like Milk January 21, 2020

Ray Dalio Said "Cash Is Trash" at Davos. Six Weeks Later, Cash Was the Only Thing That Didn't Crash.

"Cash is trash. Get out of cash. There's still a lot of money in cash."

— Ray Dalio, Founder of Bridgewater Associates (world's largest hedge fund)

Mar 30, 2026
Aged Like Milk March 2023

"Big Short" Investor Tweeted "Sell" and Made a $1.6 Billion Bet Against the Stock Market. He Closed It for a 40% Loss. The S&P 500 Is Up 42% Since Then.

"2000, 2008, 2023, it is always the same. People full of hubris and greed take stupid risks, and fail."

— Michael Burry, Scion Asset Management founder and subject of "The Big Short"

Mar 29, 2026
Aged Like Milk September 13, 2021

Cathie Wood Predicted $500,000 Bitcoin by 2026. It's Currently Trading at $70,000.

"I expect Bitcoin to reach $500,000 in five years. If we are right and companies continue to diversify their cash into Bitcoin, and if institutional investors start allocating 5% of their portfolios..."

— Cathie Wood, CEO of ARK Invest

Mar 29, 2026
Fresh Takes March 27, 2026

Rich Dad Author Says Nostradamus Predicted a 2026 Market Crash. He's Also Been Predicting "The Biggest Crash in History" Since 2013. The S&P 500 Is Up 284% Since Then.

"My warning was influenced by predictions often attributed to futurists Nostradamus and Edgar Cayce, who I claimed had foreseen a global economic disruption around 2026."

— Robert Kiyosaki, Rich Dad Poor Dad author

Mar 28, 2026
Hall of Shame 1876

Western Union Called the Telephone "Hardly More Than a Toy" and Passed on Buying the Patent for $100,000. That Patent Built AT&T Into a $1 Trillion Company.

"The Telephone purports to transmit the speaking voice over telegraph wires. We found that the voice is very weak and indistinct... Why would any person want to use this ungainly and impractical..."

— Western Union internal committee memo

Mar 28, 2026
Aged Like Milk November 2023

"Dr. Doom" Said the "Bloodbath Is Likely to Continue" and Warned of Tens of Trillions in Losses. The S&P 500 Then Gained 53% in Two Years.

"This bloodbath is likely to continue. Globally, losses for bondholders and equity investors alike could grow into the tens of trillions of dollars over the next decade."

— Nouriel Roubini, Economist and Professor Emeritus at NYU, nicknamed "Dr. Doom"

Mar 27, 2026
Aged Like Milk November 15, 2022

Shark Tank Star Was Asked If He Would Invest in Sam Bankman-Fried Again. He Said Yes. SBF Got 25 Years in Prison.

"Would you back him? The answer would be yes... He was one of the most brilliant traders in the crypto universe. There is nobody quite like him."

— Kevin O'Leary, Shark Tank Star and Paid FTX Spokesperson

Mar 27, 2026
Hall of Shame March 2021

Treasury Secretary Said Inflation Risk Was "Small" and "Manageable." Three Months Later It Hit a 40-Year High.

"I think we can manage this risk. The inflation risk is small. I don't anticipate that inflation is going to be a problem."

— Janet Yellen, U.S. Treasury Secretary and Former Federal Reserve Chair

Mar 26, 2026
Aged Like Milk October 2020

Peloton CEO Told His Board the Company Would Be Worth $1 Trillion. His Board Said It Made Him Sound Like an Idiot. Peloton Is Now Worth $1.7 Billion.

"I see this as clear as day: this thing is going to be one of the few $1 trillion companies in 15 years."

— John Foley, CEO and Co-Founder of Peloton, at a Goldman Sachs virtual client event

Mar 26, 2026
Aged Like Milk October 2021

Mark Zuckerberg Renamed His Entire Company for the Metaverse. Four Years and $70 Billion Later, He's Cutting It by 30%.

"The metaverse is the successor to the mobile internet. We are going to be metaverse-first, not Facebook-first."

— Mark Zuckerberg, CEO of Meta (formerly Facebook)

Mar 25, 2026
Hall of Shame 1975

Kodak Executives Were Shown the First Digital Camera in 1975. They Asked "Why Would Anyone Want to Look at Pictures on a Television?" Then Buried It for 18 Years.

"They were convinced that no one would ever want to look at their pictures on a television set. Print had been with us for over 100 years, no one was complaining about prints, they were very..."

— Kodak executives (as recounted by inventor Steve Sasson)

Mar 25, 2026
Aged Like Milk January 2018

Hedge Fund Legend Called Amazon, Netflix, and Tesla a "Bubble Basket" and Shorted Them All. His Fund Lost 34%.

"The biggest losers for the year were our short positions on the bubble basket. Amazon, athenahealth, Netflix, and Tesla appeared priced with little margin for error entering the year."

— David Einhorn, Founder of Greenlight Capital

Mar 24, 2026
Aged Like Milk May 2024

DA Davidson Analyst Predicted Nvidia Would Drop 20% by Year-End. It Rallied 173% Instead.

"Whenever one company extracts this much profit out of the market, competition does come in, and in Nvidia's case, it's coming in from its customers."

— Gil Luria, DA Davidson Analyst

Mar 24, 2026
Hall of Shame 1977

DEC Founder Said "There Is No Reason Anyone Would Want a Computer in Their Home." Today There Are 6 Billion of Them.

"There is no reason anyone would want a computer in their home."

— Ken Olsen, Founder, President, and Chairman of Digital Equipment Corporation

Mar 23, 2026
Hall of Shame February 1962

Decca Records Executive Told Brian Epstein "Guitar Groups Are on Their Way Out." Then Signed Brian Poole and the Tremeloes Instead of The Beatles.

"Guitar groups are on their way out, Mr Epstein."

— Dick Rowe, Senior A&R Man, Decca Records

Mar 23, 2026
Hall of Shame 1999

Excite CEO Passed on Buying Google for $750,000 Because He "Couldn't See Much Difference." Google Is Now Worth $2 Trillion.

"We really, frankly, couldn't see much difference... the differentiation in search results were clearly not dramatic enough to justify the cultural risk."

— George Bell, CEO of Excite

Mar 22, 2026
Hall of Shame 2020-09-15

The "SPAC King" Said Opendoor Had the Feel of "Bitcoin in 2012, Amazon in 2015, Tesla in 2016." It Crashed 96%.

"This has the feel of Bitcoin in 2012, Amazon in 2015, or Tesla in 2016. This is a generational wealth-creating opportunity."

— Chamath Palihapitiya, Social Capital CEO, promoting his Opendoor SPAC

Mar 22, 2026
Hall of Shame March 11, 2008

CNBC's Jim Cramer Screamed "Bear Stearns Is Fine! Do Not Take Your Money Out!" The Stock Was at $62. Five Days Later It Was Worth $2.

"Bear Stearns is fine! Do not take your money out of Bear! That's just being silly! Don't be silly!"

— Jim Cramer, Host of CNBC's Mad Money

Mar 21, 2026
Hall of Shame June 2019

SoftBank's Masayoshi Son Called WeWork "The Next Alibaba." He Invested $18.5 Billion. It Went Bankrupt.

"This company is ready to become the next Alibaba."

— Masayoshi Son, CEO of SoftBank Group

Mar 21, 2026
Aged Like Milk April 1, 2025

BitMEX Founder Said Bitcoin Would "Ascend to $250,000 by Year-End." He Was So Confident He Kept Buying. It Closed at $87,500.

"Bitcoin hit a local low of $76,500 last month, and now we begin the ascent to $250,000 by year-end. I still believe Bitcoin can hit $250,000 by year-end because the Fed will flood the market with..."

— Arthur Hayes, BitMEX Co-Founder and Maelstrom CIO

Mar 20, 2026
Aged Like Milk October 18, 2022

Wall Street Veteran Called the Rally a "Bear Market Trap" and Said Stocks Would Hit the "Puke Point." That Was the Exact Bottom. The S&P 500 Rallied 84%.

"Don't be fooled by this week's stock market rally. It's a bear market rally. Even so, many investors continue to be bullish on stocks, which won't hit true bottom until they reach the puke point."

— Gary Shilling, Founder of A. Gary Shilling & Co., former Merrill Lynch Chief Economist

Mar 20, 2026
Hall of Shame October 16, 1929

"The Greatest Economist America Ever Produced" Said Stocks Had Reached a "Permanently High Plateau." Nine Days Later, They Crashed 89%.

"Stock prices have reached what looks like a permanently high plateau. I do not feel there will be soon if ever a 50 or 60 point break from present levels, such as they have predicted. I expect to see..."

— Irving Fisher, Yale Economics Professor

Mar 19, 2026
Aged Like Milk April 8, 2025

Miller Tabak's Chief Strategist Said S&P 4,000 Was "Not Out of the Question." Three Months Later It Hit All-Time Highs.

"A decline in the S&P 500 in coming months to 4,300 is very possible, and a fall to 4,000 or lower is not out of the question. This is more than tariffs. This is the process of the market falling back..."

— Matthew Maley, Chief Market Strategist at Miller Tabak

Mar 19, 2026
Fresh Takes February 16, 2026

Bloomberg Analyst Predicted $10,000 Bitcoin. He Got Roasted So Hard He Doubled It to $28,000. Bitcoin Is at $72,000.

"Bitcoin could revert toward $10,000 if U.S. equities peak and recession follows."

— Mike McGlone, Senior Commodity Strategist, Bloomberg Intelligence

Mar 18, 2026
Hall of Shame June 25, 2002

Wall Street's Highest-Paid Analyst Held a "Buy" Rating on WorldCom Through a 90% Crash. He Attended Board Meetings. He Never Said "Sell."

"We believe there is a risk of WorldCom lowering guidance again."

— Jack Grubman, Salomon Smith Barney Telecom Analyst

Mar 18, 2026
Aged Like Milk June 28, 2024

JPMorgan's "Gandalf" Predicted a 23% Market Crash. Days Later, He Was Fired. The Market Rallied 25% Instead.

"The S&P 500 will plunge to 4,200 by year-end."

— Marko Kolanovic, JPMorgan Chief Market Strategist

Mar 17, 2026
Hall of Shame May 2023 (reflecting on 2013 decision)

Yahoo CEO Chose Tumblr Over Netflix Because "It Was a Transformative Acquisition." Tumblr Sold for $3 Million. Netflix Is Worth $400 Billion.

"We looked at a transformative acquisition, and we bought Tumblr... I think Netflix was $4 billion and Hulu was at $1.3 billion at the time. And either of those, with hindsight being 20/20, would have..."

— Marissa Mayer, Yahoo CEO (2012-2017)

Mar 17, 2026
Hall of Shame September 2023

The Short Seller Who Called Enron's Fraud Said Tesla Was "Ridiculously Overvalued." Two Months Later, He Closed His 38-Year-Old Hedge Fund.

"Tesla in many ways epitomises this bull market. It's a hopes and dreams stock. We just think it's ridiculously overvalued."

— Jim Chanos, Founder of Kynikos Associates, legendary short seller who exposed Enron

Mar 16, 2026
Aged Like Milk February 2019

SoftBank Sold Its Entire Nvidia Stake in 2019 to "Protect" Against Losses. Those Shares Would Be Worth $150 Billion Today.

"We set up a collar strategy to protect ourselves from any severe price drop."

— SoftBank Vision Fund strategy, February 2019

Mar 16, 2026
Hall of Shame December 19, 2010

The "Oracle of Wall Street" Predicted Hundreds of Billions in Municipal Bond Defaults. The Actual Number? About $3 Billion.

"There will be 50 to 100 sizeable municipal bond defaults totaling hundreds of billions of dollars. It will be something to worry about within the next 12 months."

— Meredith Whitney, CEO of Meredith Whitney Advisory Group, on CBS 60 Minutes

Mar 15, 2026
Hall of Shame 2009

The Man Behind "The Greatest Trade Ever" Lost $30 Billion on His Encore.

"What's the only asset that will hold value? It's got to be gold."

— John Paulson, Hedge Fund Manager and Housing Crash Oracle

Mar 15, 2026
Aged Like Milk August 2019

Gold Bug Peter Schiff Said Bitcoin Would "Never Hit 50K." It Hit $108,000.

"Bitcoin will never hit 50k."

— Peter Schiff, CEO of Euro Pacific Capital and notorious gold bug

Mar 14, 2026
Hall of Shame September 1999

Two Economists Promised Dow 36,000 in 3-5 Years. It Took 22 Years. One Later Advised the President.

"Stocks are actually much less risky than bonds or bank CDs... The Dow should rise to 36,000 immediately."

— James Glassman & Kevin Hassett, authors of "Dow 36,000"

Mar 14, 2026
Hall of Shame January 2007

BlackBerry CEO Dismissed iPhone Threat: "We'll Be Fine." BlackBerry Lost 97% of Its Value.

"It's OK—we'll be fine."

— Jim Balsillie, Co-CEO of Research In Motion (BlackBerry)

Mar 13, 2026
Hall of Shame June 1998

Nobel Laureate Said the Internet Would Be "No Greater Than the Fax Machine." The Internet Is Now a $17 Trillion Industry.

"The growth of the Internet will slow drastically, as the flaw in Metcalfe's law becomes apparent: most people have nothing to say to each other! By 2005 or so, it will become clear that the..."

— Paul Krugman, Economist and future Nobel Prize winner

Mar 13, 2026
Fresh Takes March 2024

Standard Chartered Predicted $14,000 Ethereum by End of 2025. Then They Slashed It to $4,000. It Closed at $2,968.

"We raise our price forecasts, as the backdrop for ETH has improved dramatically in recent months... Ether could reach $14,000 by end of 2025."

— Geoff Kendrick, Global Head of Digital Assets Research, Standard Chartered

Mar 12, 2026
Hall of Shame February 11, 2008

Yahoo CEO Said Microsoft's $44.6 Billion Offer "Substantially Undervalues" the Company. Eight Years Later, It Sold for $4.8 Billion.

"We continue to believe that the proposal substantially undervalues Yahoo."

— Jerry Yang, Yahoo CEO and Co-Founder

Mar 12, 2026
Aged Like Milk January 2023

"Big Short" Hero Michael Burry Bet $1.6 Billion on a 2023 Crash. The S&P 500 Gained 24%.

"Sell."

— Michael Burry, Scion Asset Management founder, in a cryptic post to his 1.4 million followers on X

Mar 11, 2026
Hall of Shame August 9, 2007

AIG Executive Said They Could Not See Losing "One Dollar" on Credit Default Swaps. Taxpayers Lost $182 Billion.

"It is hard for us, and without being flippant, to even see a scenario, within any kind of realm of reason that would see us losing $1 in any of those transactions."

— Joseph Cassano, Head of AIG Financial Products

Mar 11, 2026
Aged Like Milk July 2022

Maxim Group Analyst Had a $500 Price Target on SVB. The Stock Went to One Cent.

"Here is the chance to buy the most unique/best-positioned bank for 2023 and the longer-term."

— Michael Diana, Maxim Group Analyst

Mar 10, 2026
Hall of Shame 2000

Blockbuster Passed on Buying Netflix for $50 Million. Netflix Is Now Worth $280 Billion.

"The dot-com bubble had burst. They were losing money. We said we'll consider it."

— Blockbuster executives, after Netflix co-founders offered to sell the company

Mar 10, 2026
Aged Like Milk March 2024

Jeremy Grantham Said Stocks Looked "As Poor as Almost Any Other Time in History." The S&P 500 Then Rallied 31%.

"The long-run prospects for the broad US stock market here look as poor as almost any other time in history."

— Jeremy Grantham, Co-founder of GMO, billionaire investor

Mar 09, 2026
Aged Like Milk January 17, 2024

Jamie Dimon Said Bitcoin Was a "Pet Rock" and His "Last Statement" on Crypto. Then His Bank Bought $343 Million of It.

"I call it the pet rock. My last statement – the last time I ever talk on bitcoin – is I defend your right to do bitcoin. My personal advice would be don't get involved."

— Jamie Dimon, CEO of JPMorgan Chase

Mar 09, 2026
Aged Like Milk December 13, 2024

VanEck Predicted a "$180,000 Q1 Peak" for Bitcoin in 2025. It Never Came Close.

"We project Bitcoin to be valued at around $180,000, with Ethereum trading above $6,000. This represents the first peak, expected in Q1."

— Matthew Sigel, Head of Digital Assets Research at VanEck

Mar 08, 2026
Hall of Shame December 2012

Bill Ackman Called Herbalife "The Best-Managed Pyramid Scheme in History" and Bet $1 Billion It Would Go to Zero. He Lost $1 Billion. Carl Icahn Made $1 Billion.

"This company is a pyramid scheme. Our target price is zero. Herbalife is the best-managed pyramid scheme in history."

— Bill Ackman, Pershing Square Capital Management

Mar 08, 2026
Hall of Shame March 11, 2008

Jim Cramer Said Bear Stearns Was "Fine" and Called Worried Investors "Silly." Five Days Later It Sold for 98% Less.

"No! No! No! Bear Stearns is fine. Do not take your money out. Bear Stearns is not in trouble. If anything, they're more likely to be taken over. Don't move your money from Bear. That's just being..."

— Jim Cramer, CNBC Mad Money Host

Mar 07, 2026
Aged Like Milk May 7, 2025

XRP "Time Traveler" Predicted $73,000 With Navy SEALs Guarding His Future Compound. XRP Closed 2025 at $1.85.

"73k XRP is coming. I want you to remember my face. I want you to know who told you what was coming. I want you to know who you should have listened to. I will have Navy SEALs patrolling my property..."

— "Time Traveler" (@Traveler2236), XRP Influencer

Mar 07, 2026
Aged Like Milk July 2024

Wall Street's Most Bearish Strategist Predicted a 32% Crash and S&P 3,750. It Closed at 5,882.

"The consensus soft-landing narrative is wrong. The US will fall into a recession in late 2024 or early 2025. Growth in the rest of the world will also slow sharply."

— Peter Berezin, Chief Global Strategist at BCA Research

Mar 06, 2026
Hall of Shame June 5, 2007

Fed Chair Said Subprime Was "Unlikely to Seriously Spill Over." 15 Months Later, the Global Financial System Collapsed.

"The troubles in the subprime sector seem unlikely to seriously spill over to the broader economy or the financial system."

— Ben Bernanke, Chairman of the Federal Reserve

Mar 06, 2026
Aged Like Milk 1987

Economist Sold Millions of Books Predicting "The Greatest Depression the World Has Ever Seen" in 1990. The 90s Became the Greatest Bull Market Instead.

"A world depression will start in 1990 and plague the world at least through 1996. It will be the greatest economic depression the world has ever seen."

— Ravi Batra, Economics Professor at Southern Methodist University, in his #1 New York Times Bestseller

Mar 05, 2026
Hall of Shame April 2007

Microsoft CEO Laughed at iPhone and Said It Had "No Chance." Apple Sold 2.5 Billion of Them.

"There's no chance that the iPhone is going to get any significant market share. No chance. It's a $500 subsidized item."

— Steve Ballmer, CEO of Microsoft

Mar 05, 2026
Hall of Shame January 19, 2021

Citron Research Called GameStop Buyers "Suckers" and Said Stock Was Going to $20. It Hit $483 Nine Days Later.

"Tomorrow at 11:30 AM EST Citron will livestream the 5 reasons GameStop buyers at these levels are the suckers at this poker game. Stock back to $20 fast. We understand short interest better than you..."

— Andrew Left, Founder of Citron Research

Mar 04, 2026
Aged Like Milk April 2025

Elon Musk Said You Could Sleep in Your Tesla by 2025. The Safety Monitor in the Passenger Seat Disagrees.

"The acid test is, can you go to sleep in your car and wake up at your destination and I'm confident that will be available in many cities in the US by the end of this year."

— Elon Musk, CEO of Tesla

Mar 04, 2026
The Scorecard December 17, 2021

Cathie Wood Promised ARKK Would 5x by December 2026. It Needs to Rise 540% in 9 Months.

"With a five-year investment time horizon, our forecasts suggest that our strategies today could deliver a 30-40% compound annual rate of return during the next five years. In other words, if our..."

— Cathie Wood, CEO of ARK Invest

Mar 03, 2026
Fresh Takes December 2025

XRP Influencer Promised $100 by Year-End. It Closed at $1.85. He Refused the $1 Million Bet.

"XRP will reach $100 before year-end. ETF inflows, regulatory clarity, global liquidity shifts — the catalysts are all there."

— Jake Claver, XRP commentator and crypto influencer

Mar 03, 2026
Hall of Shame June 2022

Billionaire Leon Cooperman Predicted a 40% Crash and Recession in 2023. The S&P 500 Rallied 45% Instead.

"I expect the S&P 500 to drop 40% from its January peak of 4800. We are looking at a recession in 2023, and I do not expect stocks to make new highs for several years."

— Leon Cooperman, Founder of Omega Advisors, Bloomberg Interview

Mar 02, 2026
Hall of Shame December 1998

Merrill Lynch's Top Internet Analyst Said Amazon Would Crash to $50. He Lost His Job to the Guy Who Said $400.

"Amazon could fall as low as $50."

— Jonathan Cohen, Merrill Lynch Internet Analyst

Mar 02, 2026
Fresh Takes April 2024

JPMorgan's "Gandalf" Called for S&P 4,200. It Closed at 5,882. He Got Fired.

"The correction still has further to go."

— Marko Kolanovic, JPMorgan Chief Market Strategist

Mar 01, 2026
Hall of Shame September 13, 2016

The Man Who Called Enron Thought He Could Call Tesla Too. He Lost His Hedge Fund.

"This is the anti-Amazon. Tesla is going to continue to lose lots of money. And continue to need more and more capital."

— Jim Chanos, founder of Kynikos Associates, legendary short-seller who called Enron

Mar 01, 2026
Hall of Shame September 26, 2001

Enron CEO Told Employees to Buy More Stock. "The Company Is Fundamentally Sound." It Filed for Bankruptcy 10 Weeks Later.

"The company is fundamentally sound. At current stock prices, this seems to be an incredibly cheap stock. Talk up the stock and talk positively about Enron to your family and friends."

— Kenneth Lay, Enron Chairman and CEO

Feb 28, 2026
Hall of Shame July 30, 2004

Hedge Fund Manager Said Google Would Be "Highly Disappointing." Asked Us to Hold Him to It. We Did.

"I believe that it is virtually certain that Google's stock will be highly disappointing to investors foolish enough to participate in its overhyped offering — you can hold me to that."

— Whitney Tilson, Hedge Fund Manager and Motley Fool Columnist

Feb 28, 2026
Aged Like Milk December 19, 2010

The "Oracle of Wall Street" Predicted Hundreds of Billions in Municipal Bond Defaults. The Apocalypse Never Came.

"You could see 50 to 100 sizeable defaults, more. This will amount to hundreds of billions of dollars worth of defaults... It will be something to worry about within the next 12 months."

— Meredith Whitney, Financial Analyst, on 60 Minutes

Feb 27, 2026
Hall of Shame February 2000

Wall Street Predicted Cisco Would Be the First Trillion-Dollar Company. It Took 25 Years Just to Recover.

"Cisco is potentially the first trillion-dollar market cap company."

— Paul Weinstein, Credit Suisse First Boston Analyst

Feb 27, 2026
Aged Like Milk January 2, 2023

"The Big Short" Hero Predicted Recession "By Any Definition" in 2023. The S&P 500 Rallied 24% Instead.

"We are likely to see CPI lower, possibly negative in 2H 2023, and the US in recession by any definition."

— Michael Burry, "The Big Short" investor and founder of Scion Asset Management

Feb 26, 2026
Aged Like Milk January 26, 2025

Rich Dad Predicted "The Biggest Stock Market Crash in History" for February 2025. The S&P 500 Hit an All-Time High Instead.

"In 2014 I published Rich Dad's Prophecy predicting the biggest stock market crash in history. That crash will be in February 2025."

— Robert Kiyosaki, Author of Rich Dad Poor Dad

Feb 26, 2026
Hall of Shame 2019

Gold Bug Peter Schiff Has Made 237 Failed Bitcoin Crash Predictions. BTC Is Up 1,000,000% Since He Started.

"Bitcoin will never hit $50,000. It is going to crash to zero."

— Peter Schiff, CEO of Euro Pacific Capital, gold maximalist

Feb 25, 2026
Aged Like Milk September 19, 2022

Jim Cramer Called Nvidia "A Loser" and Shorted It. It's Up 1,400% Since Then.

"I am short Nvidia... It's a loser."

— Jim Cramer, CNBC Mad Money host, on Squawk on the Street

Feb 25, 2026
Aged Like Milk October 28, 2021

Zuckerberg Bet $77 Billion on Being "Metaverse-First." Now He's Cutting and Running to AI.

"From now on, we will be metaverse-first, not Facebook-first. Our hope is that within the next decade, the metaverse will reach a billion people, host hundreds of billions of dollars of digital..."

— Mark Zuckerberg, CEO of Meta

Feb 24, 2026
Hall of Shame May 2011

Wall Street's Permabear Predicted a 70% Crash in 2011. The Market Quintupled Instead.

"The S&P 500 will fall by around 70%... The printing presses being turned off will hit risk assets hard."

— Albert Edwards, Global Strategist at Société Générale

Feb 24, 2026
Aged Like Milk November 7, 2012

"Dr. Gloom" Said the S&P Should Drop 50% After Obama's Re-Election. It Rallied 46% Instead.

"I am surprised with the reelection of Mr. Obama. The S&P is only down like 30 points. I would have thought that the market on his reelection should be down at least 50%... I think Mr. Obama is a..."

— Marc Faber, Publisher of "The Gloom, Boom & Doom Report"

Feb 23, 2026
Aged Like Milk November 29, 2024

Tom Lee Predicted $250K Bitcoin by End of 2025. It Closed at $87,500. Now He's Saying the Same Thing for 2026.

"Bitcoin could reach $250,000 within the next 12 months. Current conditions make it highly probable."

— Tom Lee, Co-founder of Fundstrat Global Advisors

Feb 23, 2026
Aged Like Milk August 28, 2024

Rosenblatt Called Super Micro Computer a "$1,300 Stock" While Dismissing Fraud Allegations. It's Now $33.

"The 25% correction seems over the top when considering the Hindenburg dynamic as old news or inaccurate."

— Hans Mosesmann, Senior Analyst at Rosenblatt Securities

Feb 22, 2026
Aged Like Milk June 5, 2024

Rich Dad Said Bitcoin $350K by August 2024. It Was $59K Instead.

"BITCOIN will be $350,000 by August 25, 2024 is not a lie. It's a prediction. It's speculation, it's an opinion, but it's not a lie. It's suckers bait, but it's not a lie because any prediction about..."

— Robert Kiyosaki, Rich Dad Poor Dad author

Feb 22, 2026
Aged Like Milk February 26, 2018

Dennis Gartman Avoided Amazon Because He Couldn't Drop It on His Foot. He Missed a 170% Gain.

"I want to own things that if I drop them on my foot it can hurt. Software can't hurt. I don't understand it."

— Dennis Gartman, Editor of The Gartman Letter, on CNBC

Feb 21, 2026
Aged Like Milk July 30, 2004

Hedge Fund Manager Chose McDonald's Over Google. One Is Worth 16x More Than the Other.

"I believe that it is virtually certain that Google's stock will be highly disappointing to investors foolish enough to participate in its overhyped offering — you can hold me to that."

— Whitney Tilson, Hedge Fund Manager and Value Investing Expert

Feb 21, 2026
Hall of Shame October 16, 1929

Yale's Top Economist Said Stocks Had Reached a "Permanently High Plateau." Then the Market Lost 89%.

"Stock prices have reached what looks like a permanently high plateau."

— Irving Fisher, Yale economist and one of America's most respected financial minds

Feb 20, 2026
Hall of Shame September 2008

Larry Ellison Called Cloud Computing "Complete Gibberish." It Now Makes Oracle $30 Billion a Year.

"The computer industry is the only industry that is more fashion-driven than womens fashion. Maybe Im an idiot, but I have no idea what anyone is talking about. What is it? Its complete gibberish. Its..."

— Larry Ellison, Oracle Co-Founder and CEO

Feb 20, 2026
Hall of Shame 1876

Western Union Called the Telephone an "Electrical Toy." Bell Built AT&T Instead.

"What use could this company make of an electrical toy?"

— William Orton, President of Western Union

Feb 19, 2026
Hall of Shame 1977

DEC Founder Said Nobody Would Want a Computer at Home. His Company Was Bought by a PC Maker.

"There is no reason anyone would want a computer in their home."

— Ken Olsen, Founder and CEO of Digital Equipment Corporation

Feb 19, 2026
Hall of Shame 1980

McKinsey Told AT&T Cell Phones Would Never Take Off. They Were Off by 12,000%.

"We project approximately 900,000 cellular phone subscribers in the United States by the year 2000."

— McKinsey & Company, commissioned report for AT&T

Feb 18, 2026
Hall of Shame December 2007

Goldman's Most Trusted Voice Predicted S&P 1,675. It Closed at 903.

"U.S. recession is unlikely. Investors could see growth re-accelerating in mid-2008. The S&P 500 will rally to 1,675."

— Abby Joseph Cohen, Chief Investment Strategist at Goldman Sachs

Feb 18, 2026
Hall of Shame September 2022

Sequoia Capital Called SBF a "Future Trillionaire." He Became a Federal Prisoner.

"I don't know how I know, I just do. SBF is a winner."

— Adam Fisher, Sequoia Capital profile of Sam Bankman-Fried

Feb 17, 2026
Aged Like Milk July 2024

Wall Street's Most Bearish Strategist Predicted S&P 3,750. It's at 6,836.

"The consensus soft-landing narrative is wrong. The US will fall into a recession in late 2024 or early 2025. The S&P 500 will plunge 32% to 3,750."

— Peter Berezin, Chief Global Strategist at BCA Research

Feb 17, 2026
Hall of Shame March 2000

The Greatest Investor Alive Bought $6 Billion in Tech Stocks at the Exact Top. He Missed the Peak by an Hour.

"I could feel it coming. I just — I had to play. I couldn't help myself. I think I missed the top by an hour. I bought $6 billion worth of tech stocks."

— Stanley Druckenmiller, legendary hedge fund manager (30% annual returns, no losing years in 30 years)

Feb 16, 2026
Aged Like Milk June 12, 2020

"Dr. Doom" Called the Stock Market "Deluding Itself." The Market Then Rallied 55%.

"The stock market is deluding itself. Investors are betting that there will be further economic stimulus packages and a V-shaped recovery of profits. But for the people here in the U.S., that means..."

— Nouriel Roubini, NYU Economics Professor and CEO of Roubini Macro Associates, known as "Dr. Doom"

Feb 16, 2026
Hall of Shame July 2007

Citigroup CEO Said They Were "Still Dancing." The Music Stopped 4 Months Later.

"When the music stops, in terms of liquidity, things will be complicated. But as long as the music is playing, you've got to get up and dance. We're still dancing."

— Chuck Prince, CEO of Citigroup

Feb 15, 2026
Aged Like Milk December 7, 2024

"Palantir Will Fall Hard in 2025" — It Rose 135% Instead

"I think there's a very high likelihood that Palantir's stock will crash sometime in 2025. There is just too much growth baked into the stock... Investors will eventually decide to take profits en..."

— Keithen Drury, Motley Fool Analyst

Feb 15, 2026
Aged Like Milk September 2011

Harry Dent Predicted 'Dow 3,000' in 2011. The Dow Is Now 43,000.

"The Dow will fall by at least 50% and possibly as much as 75% to our best targets of 3,000 to 3,800... For aggressive investors and traders, shorting US stocks could be very profitable."

— Harry Dent, Author and Economist

Feb 14, 2026
Hall of Shame 2019

SoftBank's Masa Son Called WeWork 'the Next Alibaba.' It Filed for Bankruptcy.

"WeWork is like a next-generation Alibaba... Adam is a next-generation Jack Ma."

— Masayoshi Son, SoftBank CEO

Feb 14, 2026
Hall of Shame November 2009

Elliott Wave Guru Robert Prechter Told Investors to Go 200% Short in 2009. The Market Tripled.

"Experienced traders should allocate 200% of their stock trading portfolios to shorting the stock market. The bear market is returning in full force."

— Robert Prechter, President of Elliott Wave International

Feb 13, 2026
Aged Like Milk September 2023

David Rosenberg Said Avoiding Recession Would Be a "Miracle." The Miracle Happened.

"I think that if we escape this little recession, it will be a miracle. I am willing to give it about six months."

— David Rosenberg, President of Rosenberg Research & Associates

Feb 13, 2026
Fresh Takes February 2021

The "SPAC King" Told Retail Investors SPACs Would Level the Playing Field. His Lost 70%+ While He Made $750 Million.

"SPACs are a way to even the playing field, offering average people an opportunity to invest in high-growth companies."

— Chamath Palihapitiya, Venture Capitalist and self-proclaimed "SPAC King"

Feb 12, 2026
Aged Like Milk January 2022

Jeremy Grantham's "Superbubble" That Refused to Pop

"The current superbubble features an economy that is in danger of a housing bubble and inflation surprise in addition to severe asset overpricing. What is certain is that we are deep into bubble..."

— Jeremy Grantham, Co-founder of GMO, legendary value investor

Feb 12, 2026
Hall of Shame January 1962

Decca Records Said "Guitar Groups Are on the Way Out." The Beatles Disagreed.

"Guitar groups are on the way out. The Beatles have no future in show business."

— Dick Rowe, Head of A&R at Decca Records

Feb 11, 2026
Hall of Shame June 1998

Nobel Laureate Paul Krugman Said the Internet Would Be No Bigger Than the Fax Machine

"The growth of the Internet will slow drastically... most people have nothing to say to each other! By 2005 or so, it will become clear that the Internet's impact on the economy has been no greater..."

— Paul Krugman, Economist (Future Nobel Prize Winner)

Feb 11, 2026
Hall of Shame August 13, 1979

BusinessWeek Declared Stocks Dead. The Greatest Bull Run in History Disagreed.

"The Death of Equities: How Inflation Is Destroying the Stock Market."

— BusinessWeek magazine cover story

Feb 10, 2026
Hall of Shame September 2000

Blockbuster CEO Called Netflix a "Joke." They Laughed All the Way to $345 Billion.

"The dot-com hysteria is completely overblown."

— John Antioco, CEO of Blockbuster

Feb 10, 2026
Aged Like Milk June 2024

JPMorgan's "Gandalf" Predicted a 23% Crash. The Market Rallied 23% Instead.

"The S&P 500 will plunge to 4,200 by the end of this year."

— Marko Kolanovic, JPMorgan Chief Market Strategist

Feb 09, 2026
Hall of Shame February 2008

Yahoo Said Microsoft's $44.6 Billion Offer "Massively Undervalues" Them. They Sold for $4.8 Billion.

"Microsoft's offer massively undervalues Yahoo."

— Yahoo Board of Directors, official response to Microsoft

Feb 09, 2026
Hall of Shame December 2012

Bill Ackman Bet $1 Billion Herbalife Was "Going to Zero." He Lost $1 Billion.

"This is a pyramid scheme. This company is a fraud. It is our view that this company is going to zero."

— Bill Ackman, Pershing Square Capital Management

Feb 08, 2026
Hall of Shame 1999

Excite Said No to Buying Google for $750,000. Google Is Now Worth $2 Trillion.

"We considered the offer, but ultimately decided not to pursue the acquisition. Search was not core to our portal strategy."

— Excite Leadership, 1999

Feb 08, 2026
Hall of Shame 2008-03-11

"Bear Stearns Is Fine!" — Narrator: It Was Not Fine

"Bear Stearns is fine! Do not take your money out. If there's one takeaway, Bear Stearns is not in trouble. I mean, if anything, they're more likely to be taken over. Don't move your money from Bear...."

— Jim Cramer, CNBC Mad Money Host

Dec 15, 2024
Aged Like Milk 2017-09-12

Jamie Dimon Called Bitcoin "A Fraud" at $4,000. Whoops.

"Bitcoin is a fraud. It's worse than tulip bulbs. It won't end well... someone is going to get killed. It's just not a real thing, eventually it will be closed."

— Jamie Dimon, CEO of JPMorgan Chase

Dec 14, 2024
The Scorecard 2019-11-22

Peter Schiff's Never-Ending Bitcoin Obituary

"Bitcoin is going to zero. It has no intrinsic value. Gold is the only real store of value."

— Peter Schiff, Gold Bug & Euro Pacific Capital CEO

Dec 13, 2024
Hall of Shame 2007-04-30

Steve Ballmer's iPhone Hot Take Aged Beautifully

"There's no chance that the iPhone is going to get any significant market share. No chance. It's a $500 subsidized item."

— Steve Ballmer, CEO of Microsoft

Dec 12, 2024
Hall of Shame 1929-10-16

The Most Expensive Quote in History: "Permanently High Plateau"

"Stock prices have reached what looks like a permanently high plateau."

— Irving Fisher, Renowned Economist at Yale

Dec 11, 2024
Aged Like Milk 2000-06-15

Amazon Was "Not Going to Be a Profitable Company"

"Amazon.com is not going to be a profitable company. The valuation is insane. This is a company that will eventually go to zero."

— Henry Blodget, Wall Street Analyst (ironically later bullish)

Dec 10, 2024
The Scorecard 2021-06-30

Michael Burry Shorted Tesla. Tesla Didn't Care.

"Disclosed a massive short position against Tesla via put options worth over $530 million in notional value."

— Michael Burry, Scion Asset Management ("The Big Short" fame)

Dec 09, 2024
Aged Like Milk 2019-05-01

"Tesla Will Go Bankrupt Within Months"

"Tesla is on the verge of bankruptcy. The company is burning through cash, demand is falling, and they'll be out of business within 6-12 months."

— Various Analysts & Short Sellers, including prominent bears

Dec 08, 2024
Aged Like Milk 2021-10-01

Ken Griffin Said Crypto "Has No Value." Then Built Crypto Infrastructure.

"Cryptocurrencies are a jihadist call against the U.S. dollar. They have no inherent value. I wish all these crypto-people the best of luck — I just think they're wrong."

— Ken Griffin, Citadel Founder & CEO

Dec 07, 2024
Aged Like Milk 2004-08-19

"Google Is Not a Real Company. It's a House of Cards."

"Google is not a real company. It's a house of cards. The search business is not a sustainable model, and they'll be overtaken within five years."

— Various Tech & Media Analysts, circa 2004-2005

Dec 06, 2024
The Scorecard 2010-12-19

Meredith Whitney's Municipal Bond Apocalypse That Never Came

"There will be 50 to 100 sizeable municipal bond defaults, totaling hundreds of billions of dollars. This will be the next crisis."

— Meredith Whitney, Meredith Whitney Advisory Group

Dec 05, 2024
The Scorecard 2019-11-12

"Netflix Will Be Crushed by Disney+" — The Streaming Wars Prediction

"Netflix is done. Disney+ will completely dominate streaming within two years. Netflix will either be acquired or go bankrupt."

— Various Media Analysts & Commentators

Dec 04, 2024
Fresh Takes 2022-01-15

Cathie Wood's Coinbase $4,600 Target: Math Is Hard

"We believe Coinbase could reach a $4,600 price target as crypto adoption accelerates globally."

— Cathie Wood / ARK Invest Research

Dec 03, 2024
Aged Like Milk 2016-01-06

"Sell Apple" — The Advice That Kept Costing People Millions

"Apple is overvalued and due for a major correction. The iPhone growth story is over. Sell and take profits."

— Multiple Wall Street Analysts (recurring theme, 2013-2016)

Dec 02, 2024