james22

Anyone's number lower than what they have or had? Anyone expect they'll reset their number higher once they've hit it? Do you expect you'll quit the game once you've won? Or be willing to take more risks because you can?

What's your number?

Sure, but not because the current system works so well. The market should not be so moved by the Fed.

And increasingly "asset light."

Which currency would you prefer?

Do you know how I know you've not been reading Hussman long?

*Salutes*

I am delighted to announce the nomination of Paul Atkins to be the next Chairman of the Securities & Exchange Commission. Paul is a proven leader for common sense regulations. He believes in the promise of robust, innovative capital markets that are responsive to the needs of Investors, & that provide capital to make our Economy the best in the World. He also recognizes that digital assets & other innovations are crucial to Making America Greater than Ever Before. https://www.cnbc.com/2024/12/04/trump-plans-to-nominate-paul-atkins-as-sec-chair.html

Value is buying what is undervalued. That's not Europe. Europe is cheap.

Think of yourself as dead, you have lived your life. Now take what’s left and live it properly. Marcus Aurelius

I was always baffled others didn't care about their finances (freeedom!) until a girlfriend reminded me I hadn't seen a Doctor for something like 15 years at that time. There's a number of spokes on the wellness wheel. No one's trading their faith, health, family, friends, etc. for financial independence.

We know it's easy. But it takes a lot of work to understand that.

1. It is hard to form correct yourself. You'd accept a Coach, yeah? 2. Sure, discipline is important and something one should always be building. But given a finite amount at any time, no reason to draw it down when you don't have to to save it for when you do. If a personal trainer makes less of a demand on your discipline than otherwise, why not? You don't get any extra credit for making things difficult. For the same reason I buy prepared meals, have a housekeeper, etc.

Thought of this thread as I ordered a new build today. There's still no substitute!

Yeah, and I've come around a little bit. 1% seems inexpensive after seeing a couple friends talked out of what would have been really serious mistakes. (My advice meant nothing because I don't wear a suit [anymore] and they've seen me drunk.) I don't really need my personal trainer either, but . . .

The passive investor, believing the market efficient enough, can't really overpay.

Scenes From a Regional Branch at $97,000 We gotta talk. Okay, talk. These MARA orders aren’t marked unsolicited. Neither are the MSTR buys. They’re not unsolicited. I solicited. Hard. John. I don’t care. I’m not waiting. I asked you guys for three years to help me with this. My clients would like to actually make money for a change, this is what we’re doing. The policy is the policy. No unsolicited crypto stuff. You can only buy if the client instructs you. Clients must have the Crypto Risk letter on file with Compliance and all buy orders are to be marked unsolicited. That’s not my rule. That’s the firm rule. The firm is wrong. How much longer can you guys watch this happening without us? We’re constructive on blockchain as a theme. House view is bullish now. The house view is bullshit. The desk is trading for itself. Prime is trading it with hedge funds. Why can’t I trade it? You can. Unsolicited. Fuck you, Tommy. Fuck you too, John. You guys shoulda let me when the Blackstone ETF came out. That was at fifty thousand. We’re gonna break a hundred thousand and you got me sitting here like an asshole. BlackRock. What? The ETF. It’s BlackRock, not Blackstone. Fuck you. Fuck you. You know how dumb you’re making me look. It’s not me. You know how it works. Laura is CIO, you wanna try her again, be my guest. Laura’s too busy to return my call. She doesn’t know anything about crypto. It’s her team’s call. How many times we gotta do this. Because she can get on CNBC once a month it’s her call? That’s enough John. You suck. No you suck. We playing Sunday? Yeah, we have a 7am. Indian Hill. Thanks for nothing. See you later. https://www.downtownjoshbrown.com/p/scenes-from-a-regional-branch-at-97-000

The great irony here is Asness opining on MSTR while admitting he's not done a deep dive on crypto. LOL Certainty is why most will largely miss it.