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Charlie Bilello
@charliebilello
, 3 tweets, 2 min read Read on Twitter
From Jack Bogle I learned...
1) investing for the long-run (time & compounding are your best friends).
2) asset allocation (diversification > all your eggs in one basket).
3) simplicity trumps complexity.
4) why index funds beat most active strategies (fees/taxes, etc.)...
5) following the herd & fighting the last war can be treacherous to returns while respecting reversion to the mean can be additive.
6) staying the course during market declines, while not easy, is a long-term investor’s best friend (“don’t do something, just stand there”)...
Recommended:
1) Common Sense on Mutual Funds, amazon.com/gp/product/047…
2)The Little Book of Common Sense Investing,
amazon.com/gp/product/111…
3) @ritholtz 2016 Interview (Masters in Business)
ritholtz.com/2016/03/mib-ja…
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More from @charliebilello see all

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Charlie Bilello
@charliebilello
Lions and Tigers and Yield Curve Inversions. NEW POST. $SPX $TNX

pensionpartners.com/lions-and-tige…
In December 2018, part of the yield inverted for the first time since 2007. At month-end, the 6-month Treasury bill yield stood at 2.56%, 5 basis points higher than the 5-year yield (2.51%).
Naturally, many investors are afraid, with 45% predicting an imminent recession in a recent poll…
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Alex Krüger 🇦🇷
@Crypto_Macro
Holding a portfolio of 50% crypto + 50% cash is the worst advice I've ever heard, together with diversifying into 70 sh*tcoins. Hope there's some lost in translation there and nobody is actually recommending such lunacy.
Allocating 50% to crypto would be similar to gambling. An average investor should not allocate too much into an extreme high risk asset class, such as crypto, capable of dropping 85%-99% regularly (3rd such crash in 7 years, that's regular).
Unless such investor has inside information and a high degree of certainty odds are massively on his/her favor. It would still represent a high risk approach, as sh*t happens, even to those in the know. Most crypto investors lost money, not made, so odds are not that favorable.
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Meb Faber
@MebFaber
1/ PART 2 of 4

So, yesterday we talked about the challenges of investor expectations (too high, 10%) vs. likely future US stock and bond returns (too low, 3%).

Today, I offer a potential solution - a time travelling investment genie.

More on that later...
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Alex Krüger 🇦🇷
@Crypto_Macro
Bridgewater's asset classes environmental boxes framework and its All Weather asset allocation. Each bucket does well in a particular economic environment. #investing
The world is shifting towards slower growth relative to expectations, as markets underestimate the impact of reduced central bank liquidity. Not sure where we are on the inflation side, as inflation expectations have already shifted up drastically in the last two years.
Want to get large asset allocators like Bridgewater interested in bitcoin? Prove how it responds to varying growth and inflation relative to expectations.
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Adam Butler
@GestaltU
Absurdly long tweet storm coming your way.

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@biebsvkook
Taekook AU. Singer Jungkook & student Taehyung were best friends, always praised for their strong friendship, at least until one day they mysteriously stop talking, interacting with each other and Gukk mentions Tae in interviews but won’t respond to his messages. Tae breaks.
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Praying Medic
@prayingmedic
1) This is my #Qanon thread for June 18, 2018.

Q posts can be found here: qanon.pub

My theme: What A Wonderful Day
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Access Kills.
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