Tik Tok-amazing how many people in the USA do not understand that China doesn't allow ANY of our social media and very few of our internet platforms go into China AT ALL.
They don't play the fair game, the app is basically a full time hacker, and they censor it.
If Trump doesn't ban it I hope someone else does. CCP consistently treats us as an adversary. We need to counter it more consistently.
Also F Russia. But that should already be a given. They meddle in both parties ALOT and are antisemitic to boot. F them.
It would be nice if the press had balls. Most places still call him Pres Xi but his official title is Chairman Xi. But China wants the west to say Pres as if ANYTHING there is democratic. They even have people saying "you can't say China sucks, thats racist."
Nope. If you say XYZ country sucks 99 out of 100 times you mean their leadership. The CCP sucks....really bad. Like they are literally working on looking Hitler or Mao level bad.....so yeah F the CCP.
To the extent anyone is guiding you to think that the CCP is actually better than the US or even almost ANY other government, that person is either a puppet, fool, or Satan...and none of those are exclusive of each other.
finally
Everyone seem to think that the South Park NBA/Disney episode was mostly joking. But it was not at all. EVERY SINGLE POINT they made was real.
Get your friends to watch it and be the annoying friend that stops and explains that China censors US movies, etc. it is real
oh and here is a link to watch the South Park episode.
-Yes Pooh is legit banned in China
-Yes you have to censor if you want to suck from the teat
-Yes Xi is anti-gay
-Yes DIS has gotten down on their knees a lot
-Basically everything in this episode is real
also NSFW
think-when was the last time you saw an action/spy movie where China was the bad guy? lmk when you find one.
Censors killed them all off. Even the reboot of Red Dawn-literally a movie fighting communism-had to redo half the movie to fight NKorea instead of China
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1/I read a book a few weeks ago called "The Art Of Execution" by Lee Freeman-Shor.
I didn't agree with him on everything but I did more often than not. And there was one very important truth in there.
Here are some notes-mostly my words but a few direct sentences
2/-Be a killer-my words for sure but something I am trying to be more and mroe by the day. If it helps say "WWWEB do" cause WarrenB is every bit the financial gangster that WarrenG claimed to be on the streets. (if you dont get the reference then you are clearly no Regulator)
3/By be a killer I mean make the right decision and just do it. We know that emotions are the #1 return killer...and yet how active do you fight the dumb ones? Also stocks dont know who you are. You owe them nothing.
An update to the classic "what happens if you miss the 10 best days in the market" where advisors tell you that "it is not timing the market but time IN the market that matters"
But here we show the other side where you can also miss the 10 WORST days in the market.
All of this is just using the SPY ETF from 3/1/93-9/16/21
B&H=909.87%
Miss the 10 WORST days=2321.47%
Miss the 10 BEST days=356.96%
I will post the SP500 later going WAY farther back-would include 1987 for instance-but the results are telling.
1/one thing the fundamental people can learn from the technical people is the art of trend following and mean reversion as it pertains to having a rules based way to try and get better entries and stick with the position as long as you can.
2/if you want to be WarrenB 2.0 with lower drawdowns then you might want to read a bunch about the CTA/managed futures/LTTF crowd and how they run their systems. A LOT of value there imo. If you have the tendency to want to close out profits this can help you ride that trend
3/st mean reversion is not a bad way to get better entries or even better add on buys/shorts. You know the momentum lit that looks at 12m momo and then buys a month later? That is because there is a reversion factor in there.
Politics
1-Those guys over there are doing a power move and they are corrupt and the sky is falling in. Theyre Hitler
2-Those guys over there did a power move last time and they are corrupt and we are saving the sky. Theyre Hitler
Repeat these convos everytime they switch power
1-no no no this time we are serious they really are Hitler.
2-yeah yeah yeah they are Hitler
Any genuinely neutral outside observer "damn is everyone named Hitler around here?"
idk there are legit issues in our politics and policies but damn everyone is blind to what their own parties do when they are in power.
Speaking of both parties. Cocaine Mitch is not a great person. Harry Reid was not a great person.