You’ve probably heard of special-purchase acquisition companies—SPACs for short—which raise money in initial public offerings from investors without actually revealing how they plan to deploy it, and then trade on exchanges—often at high multiples—with nothing more to offer investors...
Wow, what a crazy year. If there was ever going to be a year to prove, once and for all, that the prognosticators and so-called financial gurus cannot consistently predict near-term future market performance, 2021 brought that message home...
