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.
guess what all of these people have in common? They like power, they exercised or tried to exercise their power, lot of people hate them and think that they are literally Hitler, none of them are actually Hitler or even close tbh.
Seem to have a lot in common
as in markets "this time is different" is usually the wrong take in politics. Yes, each time is a little bit different but the big parts, the important parts, are not all that different.
Want to do Speaker of the House?
two names
-Newt Gingrich
-Nancy Pelosi
case closed
I don't do a lot of politics on here. It is really polarizing and there is very little win in it. I am far more center than I used to be as both sides have gone farther left and right to the point that no one really represents me. I suspect that more and more people feel the same
please do not vote straight ticket. If you vote straight ticket then you are not holding anyone accountable and they can just take your vote for granted. On the city, county, state, and federal level there is no way all the R or D people actually give a shit about you. They dont
so read up on all the people. Dont look at what they say as much as what theyve already done and go vote to fix/change the issues you care about.
Now go outside with your mask and gloves on and ask your neighbor if you can hug. Maybe even 5 min of uninterrupted eye contact.
xoxo
P.S. I wont do anything else political on here for a while. Hopefully ever.
P.P.S. stocks are still expensive. They can go up or down or whatev but the market as a whole does not present a good value right here.
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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.