Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
There is already evidence of dementia or Alzheimer’s disease from his speech with shorter sentences, made up words, and monologues of nothing. Will see how he faces a former San Francisco state prosecutor in debates.
BOOM. Won't THAT be fun?!
From L. McDonald's book, quoting Charlie Munger:
"Trade and invest less. Sit back and wait for those top two or three opportunities that come along each year. Measure your level of conviction and allocate your capital accordingly."
I've learned not…
@Crash. …that was me. The “Psychology of Bubbles” was interesting, and that was the basis for my earlier comment regarding this book.
“One key lesson to take away is that for investors, bubbles are an incredible opportunity to make money—as long a…
@Crash,
Thanks for this thread.
I caught this interview that discusses some of his book's topics:
https://m.youtube.com/watch?v=DVZpIrRXr4o
I appreciate the link. I'm listening right now. Interesting. They are talking about stuff in the book, to …
@catch22. Another MFO participant mentioned the book. It's on his to-do list, to read the thing. Seems to me, he bought his copy. I was pleasantly surprised that my public library has a copy. :). Maybe I beat him to the punch? McDonald writes a re…
Assessing Your Risk Tolerance, from the beautiful people at INVESTOR.GOV.
https://www.investor.gov/introduction-investing/getting-started/assessing-your-risk-tolerance
And wouldn't you know? After all the sound and fury earlier in the week, we're almost right back to where we were before that short paroxysm. In '08-'09, I stuck it out, still throwing money into the 403b. Glad I did.
Mr. Market always overreacts b…
09 Aug, 2024:
Larry Summers is up first, until 10:41 into the thing. Macro picture, politics...
David Bianco. (I recall a Jim Bianco, too.). "Crossing the streams." Not-so-good messaging by the Fed, plus the bad jobs report lately, and the BOJ did …
09 Aug, '24
Chaotic week. By the end, Junk made a comeback. Yield curve briefly disinverted.
TCW advises to be long DURATION.
Ashok Bhatia: high quality BBs look good.
Maureen O'Connor: everyone was ready for such a correction.
Matt Mish: Credit …
And now it's getting the attention that the original scumbag intended. Good that this post rightly debunks the ferociously heinous rumor. But at the same time, they're making hay with the thing. Sickening.
The title changed; my post is not related.
mmm...so any time someone starts discussing politics, we are going to change the title?
This is why politics should not be discussed on an investment forum and since one side posts about it 4:1 or 3:1 more…
Without realizing it at the time Lou of WSW is probably the reason I got interested in Mr Market. It was must watch TV every Friday for me.
And same here.
I once was a Democrat. During the years with Clinton and Gingrich the Newt as House Speaker, uncle Bill was just OK with moving to the Right. The Repugnants used to be Republicans. There are very few true Republicans remaining. In fact, if they're s…
Yes… I took my equity holdings down from 80% to 55% … 35% is currently in money markets and 10% in bonds. I plan to keep this allocation until we either see a significant selloff or we get past the election.
...Or we get past the election. Ya, th…
Ya, we have accts. at a couple of different credit unions on the island. We use them as different savings-sleeves for different goals. Plus, if Schwab goes down, we can do x, y or z at the other places.
Let's just hope that they don't keep fal'n...
FALN was flat on the day.
My other two junk funds were up a touch. Everything else was down--- except TS Tenaris--- which bucked its own trend. Still down -13% with that bugger.
The Hill:
Walz owns no stocks, real estate, securities. "Mr. Clean." Jeepers.
https://thehill.com/homenews/campaign/4816341-minnesota-gov-tim-walz-financial-disclosures/
Actually, I dunno what that tells me. Maybe that he likes T-Bills?
That's a ton of money, and it's not in the Market. We all know the FED has been tapering off with the bonds on its own balance sheet. But these have to be MASSIVE numbers. I guess it…
Volatility. It's real. I still don't LIKE it. When the election is behind us, that might help. Warren Buffett owns more T-Bills than the FED now. What does THAT tell ya? Oy.
No argument, but good luck to us on that. Last time that I looked there was neither a major candidate for president nor a major political party saying anything of the kind.
Until there's a crisis ready to fall upon us imminently, nothing gets done, …
Gotta point. Yet The Orange Criminal did assert, falsely and ridiculously--- that Harris is responsible for the latest 2 or 3-day market meltdown. Not a word out of his mouth corresponds to actual reality. From that angle, such remarks in response a…
In the account I babysit for a colleague, I emptied his PRTXX MMF and bought PRFDX. I'm re-growing cash now in my own account, after buying BHB the day before the market tantrum, yesterday. The Market sank last Friday, too. I'm confident it will bou…
I’ve been reading the lastest book by Lawrence McDonald, “ How to Listen When Markets Speak: Risks, Myths, and Investment Opportunities in a Radically Reshaped Economy”.
Very interesting, a cautionary tale. Very worthwhile…particularly now.
+1.
Jus…
Latest poll shows her overtaking Trump by a still very slim +1.9%.
https://projects.fivethirtyeight.com/polls/president-general/2024/national/
But of course, elections are won State by State (still!) in this crazy country.
Politics and military stuff has been mentioned above, as a piece of the macro-picture.
From the Jordan Times, out of Amman:
https://www.jordantimes.com/news/region/iran-says-expects-hizbollah-hit-deeper-inside-israel
No one wants to include Cornel West. But he's in the race, even if as a pre-determined loser. Because of the silly State-by-State election process, and because Hawaii is locked-up tight already by the Dems, I just may vote for uncle Cornel, because …
https://www.hawaiinewsnow.com/2024/08/02/no-tsunami-threat-hawaii-following-large-earthquake-off-philippines/, learning and re-learning stuff on this thread. Thanks, all. And @Junkster knows junk. Time to exchange my junk for something else.
@Cras…
