What the SPAC frenzy tells us about the market and ourselves

What the SPAC frenzy tells us about the market and ourselves

As Wall Street flits from one craze to the next; GameStop (GME), Bitcoin (BTC-USD) and now SPACs, the message is clear. If only we could act upon it. As a way of looking into this ongoing mania of mini-manias, I’ve turned my attention to the latest boom, SPACs, once a quirky, backwater of a security, now all the rage.

Let’s start with Kap, who has a SPAC.

That being former San Francisco 49ers quarterback, Colin Kaepernick—famous for taking a knee during the national anthem—who has…


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