Parsad

WSJ and the Financial Times are both still very good. In Canada, the Globe & Mail is still a reliable paper. Cheers!

NY Post is even worse. Too many owners dictating what the editors can publish. Cheers!

He makes a very incisive point of view on social media around the 34 minute mark. Cheers!

I do. I read two a day. Paper copies. Sometimes I'll read a third. Maybe more people should go back to actual newspapers instead of social media and television! Cheers!

And almost certainly, Magic Johnson is going to have some advisory role again with them. I'm sure LeBron is quite happy! Cheers!

C'mon ourkid8...it's not like the Israeli's were simply living their lives drinking tea and coffee and watching television in comfort like most of us do in North America. There were terrorist bombings, drone attacks, balloon attacks, suicide bombings, etc. It's never, ever stopped. Does it justify civilian killings in Palestine? Of course not. And any soldiers participating in such actions should be prosecuted. But this area of the world has been a war zone for 80 years now. We saw 30 years of such violence in Ireland...which side was truly to blame? Both...neither. This is just a sad part of history and humanity! Cheers!

Possibly. But we've all been there, so I imagine he will learn like we all did. Then again, some haven't! Cheers!

No, actually those 2% of times would not kill you. In 1929, you would have gone down 85%, but remember, if you had some cash and bonds, you might be down 40%. The markets then rebounded back to where they were in the next 7 years. Again, you probably would move some money to cash and bonds again over that period. When markets dropped again, you would have reinvested cash and bonds. Overall, you would be well ahead of the market 15-20 years out. In 2008, if you did the same thing, which I did...you would have invested as the market fell and rebounded in the ensuing 3 years and enjoyed one of the longest, most robust bull markets in the U.S. for another 7 years until the Pandemic. 2020 could also be seen the same way...complete outlier that virtually no one saw coming. If you had some cash, you would have bought stuff 50-80% off and enjoyed a 150-300% gain the ensuing 5 years. The ones that had to worry during those three periods were those using considerable leverage, had little liquidity and/or carried large amounts of debt. If you weren't one of those three, and had no correlated risks, you would be more than ok. I don't use leverage (other than call options on occasion), I don't carry any debt other than my mortgage, I generally have some cash/bonds in my portfolio and I have near zero correlated risks in the portfolio. I'm never going to be Ericopoly or those similar to him that turned a very small amount into a massive amount in a decade, but my portfolio will grow somewhere between 14-18% annualized, I will sleep well at night, and macro will make negligible difference to the quality of my life. Cheers!

"Zionist propaganda"...I sympathize with everything going on in the Middle East, but October 7th happened...which instigated all of the mayhem we are witnessing today. Who started it...Hamas. Who funded it...Iran. Israel may be pushing their agenda, but so is everyone else. Cheers!

Gawd Greg! That fixation is equally ingrained in the right, but you don't criticize them. I'm really a centrist, but I jump on the left support when I keep hearing the hypocrisy of the right. We know this fucker was a MAGA supporter...he killed democratic leaders and was going after a lot of progressive individuals who clearly would be designated democratic or left. Yet no one on the right will even admit that...or that inflammatory rhetoric from Trump and the right may have precipitated this nutjob into action! Let's attack and kill other Americans because we don't agree with their ideology. We saw this coming years ago and it's here. Call the Marines on protestors who set 3 Waymos on fire or on criminal aliens illegally in the U.S., but change gun laws so that mass shootings (actual murders) of other Americans...gawd no! The hypocrisy exists on both sides...but to feign that the left doth protest too much...well, that's plain bullshit! Cheers!

Macro in 98% of cases is immaterial. And in the 2% of cases where it is material (1929, 2008), you will be wrong probably longer than you can afford to be right or you won't see it till it's too late. I wasn't around for 1929, but you would have missed the entire 1920's run up. I was around for 2008, and the only reason I got it right was because of Prem and Fairfax's insights into what was happening. But then they got it wrong on the eventual bull market because they thought things would get worse and kept their shorts/hedges on. The simple solution, and it works, is buy when you find cheap things. If you can't find something, then sit on cash and bonds until you can find something. Because you might not have 10 great ideas, concentration in the good ideas you have may be necessary. Regardless...as a young person who is growing their capital for the longer term...you are doing a disservice to yourself trying to play the macro game. It's as hard as the micro game that traders participate in. Cheers!

Obama and Biden weren't duped...the payments were to limit Iran's advancement of their nuclear program while avoiding an all out war in the Middle East. A few months ago, you were all talking about how Trump is trying to bring peace everywhere and avoid bloodshed...what happened? Now the Ukraine/Russia war has escalated, Israel is in full out war in the Middle East and the United States is going to get involved. Wait till there is a ground assault...this will be Iraq all over again! If you think he's a peace maker...let him make peace. But the hypocrisy of the right has the same exact stench as the left. Cheers!

Ourkid8, please be careful throwing around the word Zionist in a derogatory fashion. Cheers!

gfp...don't instigate. Cheers!

Depends how deep it goes in terms of financial institutions, loans to crypto firms, pension fund investments, etc. Only when the shit hits the fan, will all be revealed. Losses, exposure, failures...we'll find out when things turn, and I suspect with the current momentum behind crypto, it will be some time off. Cheers!

I'm sure some of our European and Asian friends are up...probably the Aussies and Kiwis as well! I'm a late sleeper. I probably won't go to bed until 2am. Cheers!

Can we just have the MAGA guys argue with each other...makes for incredibly entertaining television! Tucker Carlson and Ted Cruz go at it over Iran. Cheers! https://www.yahoo.com/news/incredulous-tucker-carlson-shouting-match-024612212.html

Well this was just his way of bypassing Congress, not looking like he was going back on his word, and gives him every opportunity to be the big player in the Middle East going forward where Trump has a ton of investments brewing. All without implicitly going to war. Cheers!

Bravo! One of the best posts I've ever read on COBF. Unfortunately it's political in this climate, but still a superb post. Cheers!

Are you kidding me? How about MTG, Broebert, Gaetz and don't forget your favorite...Kitara Ravache otherwise known as George Santos! Not to mention the closet homosexuals who target the LGTBQ community. There are still a lot of nutjobs fulfilling their duties for the right! Cheers!

+1! I agree with you. The failures of past parties is what led to Trump. There was a book Larry Sarbit talked about like nearly 20 years ago. It discussed how the U.S. ends up getting the political party they deserve for whatever reason. Trump's ascendency is a culmination of epic failures by so many other administrations...both parties! And the resulting chaos and acceptance of that chaos is what the U.S. has unwittingly asked for and rightfully deserved. Cheers!

An equal amount disagree with you...he is slightly less of a buffoon than 4 years ago...he's a hero because he serves, but not a hero because of how he is quietly or actually openly making money off his service. Cheers!

How about John McCain? What about the police officers at the Capitol on January 6th? What about Representative Melissa Hortman or Senator John Hoffman? There are a lot of heroes that are not afraid to die for their country! Cheers!

Let's all agree that whether you have money or not, and you risk your time and possibly your life for any sort of public service, it is always commendable. I think we can also agree that you shouldn't be selling bibles for a profit in such a position either. Cheers!

So was Jim Kelly, but you know you were cheering for him Greg! Admit it! Cheers!