Are you Danny De Vito or Robert Wadlow Ie. Short... Or Long equities someone asked me today. Remarkable how hard that question has become. Perhaps it’s too many nootropics today but…
Modern risk taking - the binary bear / bull implied by the question is complicated. Long equities ? Only a tiny few. But first, no procrastination - I’m v long risk. But just what does that mean?
In a silent depression the most profitable risk is long the perception of risk less duration. Leveraged portfolios of USTs have been hot to trot
Their equity equivalents are trillion dollar enterprises deemed to be commercially risk less. Funny I think of that word as singular but my keyboard disagrees
High end pristine trophy like property that’s were I’m at. I ain’t bragging that’s better left to Instagram - if anything I’m blushing…
Property like that and precious…these are safe and ridiculously rewarding neighbourhoods to park your loot during silent depressions
I speak of collateral; one day many others will to. Gold should be the same except it currently acts as tho its suffering dementia - of course all the action is BTC - a young person’s precious
BTC? IDK. A new high with a closing print 67k and yeah another moonshot to the vicinity of 100k is not an insurmountable ask. A 10 bagger from its previous range; a 33 bagger from Covid low
But really ?? Can’t dismiss it but I’m hearing Too Good to Be True and I’m a firm believer in rejecting such mantras - but really that battle is best left said to others
Back to full on risk taking. The type that I’ve tried to enunciate only works as long as the status quo prevails. Tear that up and it’s tears not profits for them economic fears.
But so long as commercial banks push every single marginal leveragable dîme into US treasuries I’m gonna laugh contemptuously at these inflation yelling goon merchants. Until you develop a system of money printing that bypasses the banking sector I’m staying lev long risk less
To quote Hank Reardon, « Mother, I’m running a steel plant - not a whorehouse…»
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