The “Waiting For Godot” Stock

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4.7 • 1.7K Ratings

🗓️ 8 June 2021

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

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Summary

Stitch Fix rises on better than expected 3^rd-quarter results. Chico’s gets involved in an activist investor battle. Berkshire-Hathaway invests $500 million in Nubank, an online bank in Brazil. Jim Gillies analyzes those stories and shares why he believes we’re living in a golden age of “The Greater Fool” theory.

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Transcript

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0:00.0	It's Tuesday, June 8th.
0:03.8	Welcome to Marketfoolery.
0:05.4	I'm Chris Hill with me today, Mr. Jim Gillies.
0:08.1	Good to see you.
0:09.6	Good to be seen, Chris.
0:11.6	Warren Buffett and his colleagues went shopping,
0:14.1	and Apparel Stock is hitting a two-year high,
0:17.0	but we're going to begin in another corner
0:19.6	of the Apparel universe.
0:21.6	The loss that Stitchfix posted in the third quarter
0:24.2	was smaller than expected.
0:26.1	Revenue was higher than expected,
0:27.7	and their guidance, well, for Stitchfix,
0:32.0	the guidance was pretty rosy,
0:33.6	and shares are up more than 10% this morning.
0:37.3	What do you think?
0:39.3	Yeah, so Stitchfix is an interesting one.
0:42.1	It's a foolish favorite.
0:44.2	It's recommended in multiple services,
0:46.4	including the one that I front, Hidden Gems Canada.
0:50.7	And it's one that I've always had kind of,
0:53.6	I don't want to say love hate, because those are both
	...

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