Sweet

If we are in a rising rate environment, as he seems to be suggesting, why wouldn’t bonds you buy now go down also? Yes, you can redeem at par depending on the redemption date and flip, but there is some equity out there yielding 5%+ at relatively low PEs that I think could outperform bonds. I think bonds make more sense now if you believe a recessions and rate cuts are coming.

Long term I think Biotech is going to be a good long term bet and I expect the sector to grow faster than the rest of the economy. However I think the higher rates are only just working through the sector. I don’t believe we are at near the bottom - I could be wrong. It’s very difficult to stick pick in the sector so I’d almost rather bet via an etf and maybe pick a choose a few favourites at a much smaller allocation.

I find it unlikely that Israel will strike out in any way which risks its survival as a state. Going solo against Iran without Western support is an enormous risk. We will see.

I’ve no idea @Malmqky I just don’t see a major war as the most likely outcome.

My thinking is this. Israel will need Western arms and support if there is a large scale war in the Middle East. I don’t think they take any action without running it by their Western partners. Example - if they strike against Iran they will make sure that the Americans at the very least are in their corner and willing to go to war with Iran too.

I didn’t say they would let it go unavenged. In fact I said they would seek revenge.

Israel will not be doing anything without Western approval IMO. They are hot right now, but I expected more measured revenge later, rather than a spillover war.

Incredible person.

The average age of Ukrainians solders in the front line is over 40. So far the youth haven’t been mobilised, Zelenskyy wants to try and spare many as many of he can from the frontline. Ukraine would be wise to not allow Russia any rest this Winter. With the benefit of hindsight the US was right, they should have kept pushing last year.

I’m sure the board is well aware already

^ interesting take, I get what he means but…

Yes, those who stay within their lane and are humble enough to know that predicting macro is bloody hard. So yes, Buffett, Munger, Marks etc

There is precisely no one who can predict macro calls with any degree of accuracy over a long period of time. Burry got one thing right but has been wrong many times since. Gross has been wrong for at least a decade. Druckenmiller also wrong so many times I can’t count. Gundlach, Hussman, Faber… all just wrong way more often than not. Jim Cramer is at least an optimist and as a result has been directionally right in stocks for the last 15 years in-spite of all his other gaffs - kinda funny.

Same, I also think he is full of it.

How much are Saudis keeping off the market at the moment?

Swear there are people just picking some new metric or term to generate clicks. This is all meaningless crap.

I don’t know about Ray. I’ll listen if he is taking about finance but he goes into changing world orders and all that other stuff that he can’t possibly know or predict.

Ozempic appears to be associated with depression. Not sure it’s the wonder drug claimed. Plus, a lot of people enjoy nice food, myself included.

https://twitter.com/StockMKTNewz/status/1708926458062676362

Is it really a doghouse portfolio without Fannie Mae and Freddie Mac? Or is that the dog poop you clean up and toss in the garbage and never think about again?

The difference here, unlike the previous iterations of smart glasses, is they look good and they appear to be functional as actual glasses - not some dorky tech. I don’t think it’s a phone replacement but I can imagine these being used.

I think the smart glasses so far have been very underwhelming and I wasn’t surprised they didn’t take off. But these glasses from Meta look like a big improvement and might actually be useful:

“I’ve sacrificed my career’: My husband and I may divorce soon, but he will inherit $1 million. How do I make sure I get half?” https://www.marketwatch.com/story/ive-sacrificed-my-career-my-husband-and-i-may-divorce-soon-but-he-will-inherit-1-million-how-do-i-make-sure-i-get-half-a30986cb?mod=home-page Anyone here thinks she deserves half of the 1 million potential inheritance?

Not seeing much a slow down in oil. This is the problem with this sector. The companies should be shitting money out of their ass and giving it back to shareholders who have got wrecked if you were a long term holder. Instead it’s going to new production, new average highs in production from the sector which supposedly found religion.

He would have to be