Why The Stock Market Casino Is Dangerous: The Case Of Looney …

On August 4th the Wall Street Journal carried a breathless tale of how a handful of obscure oilfield suppliers were striking immense riches in the sand dunes of Wisconsin. Owing to the “shale revolution”, the stock price of an outfit that had originated in the  stagnating business of supplying sand traps to golf courses, and which had been at death’s door as […]