Stick It To The Man! Don’t
Go With The Flow! In a world of order and repetition, it’s the rockers and the rule-breakers, the contrarians and the free thinkers that really make a difference. When it’s you vs The Man, sometimes the best thing to do is push back. Take this lineup of financial rebels, for example…
An upstart, subversive, “punk rock” EFT group is out to screw with Meta just to stick it to Mark Zuckerberg…and they might cash in BIG!
Blockchain tech, once trapped at the kids table of the finance world, is coming into its own, facing down the traditional business models that have ridiculed it for so long.
And Warren Buffett, a very different kind of rebel, is shelling out billions of dollars IN CASH at a time when most people are cutting back on spending. Here’s what his latest purchase tells us…
Who said that rock-n-roll is dead?
Whoever said this has clearly never met the punk rockers over at Subversive Capital.
Subversive Capital has created an exchange-traded fund (ETF) that invests in companies developing the Metaverse…except, ironically, the company formerly known as Facebook.
Meta CEO Mark Zuckerberg— who I’ve been reliably informed is not in fact Data from Star Trek—is super pumped about the Metaverse and is staking his company’s future on the still unrealized dream of a digital world. 
But through the years, the Zuckster has ticked off scores of people that don’t like how he has run Facebook, and that includes the boys over at Subversive Capital.
Subversive has created a Metaverse ETF that includes investments in several companies dedicated to building the Metaverse but has shorted Meta itself—and according to Subversive’s founder Michael Auerbach, the group will short Meta until the end of time simply because they despise Zuckerberg and company.
Auerbach said, "Facebook seems to be the antithesis of what actual consumers want their digital futures to look like. Mark and his team are not the best custodians of the digital futures.”
Oh, dang, that was one sick burn! 
But Subversive wasn’t done piledriving the Zuckerberg and Co. into the ground.
Christian H. Cooper, the ETF’s portfolio manager, went even further in her condemnation of Zuckerberg and Meta when she said, "Our mission here at Subversive is to question the integrity of the status quo—which is why the PUNK Fund is short META—and build a foundation for people to appreciate these emerging sectors just as much as we do.”
Then she slipped one more knife into Meta by saying, "We want to make sure this industry develops, without getting ‘Zucked-up’, from those who see true potential of this space."
Oh dang, it’s over, folks! Down goes Zuckerberg! 
If you are looking for Subversive’s ETF, you will find it under the ticker symbol “PUNK.”
Now that’s really sticking it to the man!
Nothing says “taking down the establishment” like naming your ticker symbol punk. 
The Romans and the Sex Pistols would be proud.
Even in the financial world, rock-n-roll never dies! 
There are three kinds of people in this world…
People that follow rules, people that break rules, and people that bend rules.
Me? I’m a rule-bender/rule-breaker…
There are, of course, some rules I follow–but they have to be ones that make sense. I’m not just going to follow a rule because I’m told to; I need logical reasoning behind my adherence to a rule.
One rule I never follow is “Stay Off The Grass.” Now, I’ll stay off it for a reason, like if it was just sprayed with pesticides and you don’t want to track toxic chemicals inside.
However, if you’re telling me to stay off the grass JUST because you want me to, odds are good that I’m gonna step foot on the grass at some point.
Many women in my life have described my attitude in one word: defiant.
It’s just the way I was built.
There are people that are just meant to go against the flow.
And while it doesn’t always work out, I’ve found that it does more often than not.
That mindset also happens to be shared by one of the most successful men of all time–Warren Buffett. Contrarian Ideals At Work Even though Warren Buffett comes from a more conservative era, the Oracle of Omaha has made a name (and a fortune) for himself by going against the market.
He’s always been a true proponent of “buying when there’s blood in the streets,” and he’s showing that he hasn’t lost that attitude with his latest move.
While the rest of the world is starting to pull back from spending, Buffett and company are ramping up. Berkshire Hathaway recently announced that it’s agreed to buy insurance company Alleghany for $11.6 billion…paid for in cash.
That’s a lot of greenbacks.
But again…that’s par for Buffett’s course.
Only Berkshire Hathaway would be spending BILLIONS when everybody else is worried about cash flow.
There’s more to this, though, because that $11.6 billion price tag is actually 29% MORE than the company was worth (on average) in the past 30 days. Crazy Like a Fox That means either Buffett is finally losing it…or there’s a lot more value to Alleghany than we’re able to see.
Odds favor the latter.
The deal is Berkshire’s biggest since 2016, and what’s surprising is the conglomerate already owns other insurance companies. One of its largest holdings is Geico, one of the country’s biggest car insurers.
You’d have thought that if Buffett wanted a bigger presence in the insurance industry, he’d have just doubled down on some of the holdings he already has…but it looks like his whole company is fine going all-in on Alleghany.
Again, like always, Buffett apparently sees the potential that we can’t see…
Which is why he is who he is, right?
I love his attitude…
It mirrors my own.
I just wish the balance in my trading account mirrored his.
Some day, right?
We can all have a dream…
Do you remember sitting at the kids' table at family gatherings back in the day?
How great was that?!
You got to laugh with your cousins making fart noises with his armpit while the adults talked about boring things like politics, work, or worse…financial stuff!! YUCK! 
Man, those were the days.
But then you turned 12 or 13 and started caring less about how Cousin Victor could blow spit bubbles and more about what was going on at the adults' table.
You may have even tried to sit at the “big table,” hoping that your parents wouldn’t banish you to no-man’s-land where you felt more and more out of place–especially when the kid’s table was too low and you kept hitting your knees.
Unfortunately, it would be a few more years until you were invited to the adult’s table…so your choice was to eat with the kids or grab a TV tray and eat by yourself.
For the record, I opted to eat by myself. I like the company. The Biggest Event In NFT History… So Far By this point, you may be wondering what in the Sam Hill I’m talking about.
Well, right now, Blockchain technology like cryptocurrencies, NFTs, and DAO’s have been sitting at the kid’s table of the global business dinner. The “adults” simply haven’t seen them as anything but a bothersome brat… but that may soon change as Blockchain leans to hold its own in an adult conversation. Something just happened in the NFT world that may make traditional businesses notice Blockchain tech’s real potential.
It came in the form of the biggest deal in NFT history so far.
Last week, Yuga Labs, the creator of NFT giant Bored Ape Yacht Club (BAYC), acquired the intellectual property of the CryptoPunks and Meebits NFT collections from fellow creator Larva Labs.
Why is this such a big deal?
Because this is Blockchain operating like a traditional business!
This is an NFT company making a deal (reported to be worth more than $110 million) with another NFT company to acquire rights to their creation.
This is the sort of thing that happens DAILY with traditional business–and now it’s happening in the NFT world.
Think about it…
It’s not every day that two of the hottest companies in any industry come together to make a deal, let alone one in a new and explosive asset class–so this will most likely have implications on the wider NFT market. Yuga Labs: The Next Step In Blockchain’s Evolution This step shows the world that NFTs are starting to become more “professional.”
Right now, most NFT projects are small-scale, but Yuga is starting to act like a REAL professional company, making acquisitions and consolidating just like any “real world” company trying to take share in a growing market would.
By acquiring the CryptoPunks and Meebits, Yuga Labs now owns the largest and most culturally significant NFTs in their digital plane. Coupled with Yuga Lab’s expansion into the Metaverse–which included plans for virtual land sales, a gaming project, and more–they’re starting new revenue streams to increase their market value.
Yuga’s projecting revenue of $455 million this year, which is an increase of around 260% from 2021–and it’s looking to raise funds from VCs to reach a valuation of up to $5 billion.
That being said, raising VC capital is yet another sign that the NFT market is professionalizing.
This is all good news for the NFT world, but it’s also good news for Blockchain as a whole.
This is just one step closer to the adult’s table for the technology…
And it won’t be long before they're not only sitting there but maybe even saying grace–and who knows, maybe they’ll be carving the ham before it’s all over! 
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