Tech Crash Predictor Turns Attention to Florida and Drillers

Hedge fund manager Harris "Kuppy" Kupperman, founder of Praetorian Capital, warns that the US government is on the verge of bankruptcy and advises investors to plan accordingly. Despite the current clamor for bonds and Treasury bills, Kupperman believes lending money to the government is not a wise move. His flagship fund, which focuses on investments undergoing dynamic changes, has seen triple-digit returns in 2020 and 2021 but has faced challenges in recent quarters due to share prices not reflecting the fundamental realities of the businesses. Kupperman predicts a catch-up phase is overdue. He has called a tech selloff and is avoiding expensive tech names, but remains bullish on oil-field services companies Valaris and Tidewater. He also sees potential for uranium prices to rise significantly due to increasing demand and limited supply. Kupperman is investing in Sprott Physical Uranium Trust and Yellow Cake. Additionally, he is betting on St. Joe, a Florida landowner benefiting from the state's net migration and commercial real estate development.