Be Fearful When Others Are Greedy

When Smart People Do Dumb Things

Important announcement: Due to the Thanksgiving holiday this week, there will be a few changes to our publishing schedule. Though you’ll get Porter’s Daily Journal as regularly scheduled on Wednesday and Friday, you’ll receive The Big Secret on Wall Street a day early, at 4 pm ET on Wednesday. Subscribers will also get their Investment Chronicles and Distressed Investing reports on Wednesday, as the Porter & Co. team is taking Thursday and Friday off to be with our families. 

As we tuck into our turkeys and green-bean casseroles, we’ll remember to say thanks to all of our paid-up subscribers who’ve given us the best job in the world. Thank you all.

Table of Contents

• When Smart People Do Dumb Things

• Three Things You Need To Know Now:

• And one more thing…

• Be Fearful When Others Are Greedy When Smart Peopl …

Three Things You Need To Know Now:

1. Texas Pacific joins S&P 500. Congrats to investors who followed our recent recommendation in The Big Secret on Wall Street of Texas Pacific Land (NYSE: TPL). The $36 billion West Texas energy and land holding giant will join the S&P 500 tomorrow. The stock has had a blistering run and is now trading above $1,700, up more than 80% since our late-September recommendation. Subscribers who think they missed the boat should know this: I (Porter) first recommended the stock back in 2012… at prices below $30. So, while you should possibly wait for a pullback before establishing a new position, this company will continue to generate wealth for decades to come.