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“Did you guys listen to it?”
Yes, I listened to the first 50% of the video - about 20 minutes worth. Somewhat familiar with Housel having purchased and listened to one of his audio books a year ago. And I caught a recent interview Meb Faber did wi…
Housel says he’s betting to come out ahead 50 years from now on today’s investments. Must be nice.
It sounds pretty recent @Crash. He talks a good line. And his books sell. Not my cup of tea. But many find him inspirational. :)
Some bio on Hous…
”Remember that at 2% inflation it takes 5 years to lose 10% of purchasing power, still a problem for those on fixed income. But at 3% inflation, the same 10% purchasing loss occurs in around 3 years. A significant difference.”
$100 now equals $90.5…
@hank in what way are you prepared for such an event? "Inquiring minds want to know."
I’m flattered you should ask @Crash. :) Who can prepare? One doesn’t know what path the next financial disaster will take. Runaway inflation or deep recession? …
”But, the GFC was pretty darn bad. How many years before markets got back to previous highs? 4-6 years, maybe.”
I was young and foolish in ‘07-‘09 / Threw money at it. First gradually and later all at once. By early ‘09 I’d moved 80 or 90% to int…
From the latest Barron’s:
Article - ”Stocks Could Climb Through 2026, According to Our Latest Survey of Money Managers”
... Watch Bloomberg and you might conclude, depending on the particular day. it’s either raining cats & dogs or the sun…
From the latest Barron’s:
Article - ”Stocks Could Climb Through 2026, According to Our Latest Survey of Money Managers”
I’ve been listening to 1929 late at night before falling asleep. So have only digested 2 or 3 chapters - with glimpses into la…
The gold miners ETF (GDX) has risen 117.6% YTD, 72.5% over the past year and 49% annually for 3 years
The more subdued gold etf (GLD) is up 56.4% YTD, and has risen 51% over 1 year and 35% over 3 years.
I can’t think of any other asset class …
@hank: Did you see all world Wamby?
Can’t recall seeing any Spurs games recently. So probably haven’t seen Wamby. There was another 20 year old who was excellent in a game I watched recently. Think it was one of the two NBA games watched last night…
https://www.cnbc.com/2025/10/23/nba-billups-rozier-sports-betting-arrests-gambling.html
How long will they have to wait for pardons from the Orange Felon?
Probably about when the Ballroom opens so they can be guests of honor.
Don’t know if relevant, but the WSJ yesterday had an article saying the average price of Health Insurance for families now tops $27,000 per year. But, from the included graphic it appeared that employers pick up about 60-70% of the premium on avera…
I’m struck that a (presumably short-term) “tenant” would be allowed to rip apart / dismantle a domicile on loan to him.
And surely to be called "The Trump Ballroom” …
You read my mind @Old_Joe. Scary.
Actually, the entire East Wing will be torn down. Is the Statue of Liberty next?
By some accounts the ”ballroom” will be larger than the White House. Only FD could approve.
Thank you. @Crash. Sometimes I just feel like unloading. Must be age related. (Err … maybe TDS.) I do enjoy a lot of what Bloomberg puts on. Yes. The old man picks some good lookers. Hopefully somebody else knows more about the recent cyber attac…
Lots of hype on BB. I subscribe to it and the WSJ. The WSJ is much better. Bloomberg should be running a momentum fund. They’re very good at conveying the idea that whatever is moving today is the way to invest. Sorry to hijack the thread. A day …
@rono dates back to Fund Alarm 20 years or more ago (and I think he participated in a predecessor to that fine board). Yes, he’s been a proponent of PRPFX since those days. And knows the metals better than anyone here. Wrote a daily column ”Asia an…
Not a recommendation - but if you think there’s a bubble in junk, there is an inverse fund that shorts what looks like a proprietary junk bond index (SJB). I own a small bit. But I do a lot of things others shouldn’t. I guess you can short just abo…
@hank I think his . Shohei Ohtani, interpreter helped him invest !!! It didn't work out for either one !!
I remember that @Derf. Who knows what really transpired there? He’s certainly an amazing player. Can’t remember anyone quite like him. I rec…
Article: Baseball Has a New Evil Empire
“Two years ago, the Los Angeles Dodgers spent more than $1 billion in the span of a couple weeks to sign Shohei Ohtani and Yoshinobu Yamamoto.”
Hope Ohtani and Yamamoto read MFO so they know how to invest al…
Thanks Catch. I was thinking about linking similar.
Ahh … Renovation is never pretty. That’s just an aside and not meant to be a judgement on the particular project.
Thanks guys. Individual stocks are a bit of a gamble. Their volatility continues to humble me. I did want to note that I’ve had good luck with a small stake in MSGS - purchased 2 months ago based on a Barron’s recommendation. Double-digit gain on …
@Crash said “Real Estate?”
Real estate is an interesting idea. I’ve toyed with it - but no significant investment at present. Real estate investments (REITS, OEFs, ETFs, CEFs) take very different paths because it’s such a diverse area. Do you wa…
Bought some CZR 2 or 3 weeks ago and it promptly tumbled about 15%. Sold. Bought some AJG a week ago and it fell 8 or 9% in 3 days. (Still hanging on). This morning I added a little SWZ to the CEF basket (replacing ETJ). Each of the investments…
Where I notice this is when I buy something I hadn’t bought is a year or two. Used to throw 4 oz cans of mushrooms into a lot different dishes. Then stopped for no particular reason. I remember them being well under a dollar (49 - 69 cents for a s…
I want to say "Duh, who didn't see that happening" but .....
I've experienced all, or most of, the changes the folks in the article state and I don't expect it to get any better anytime soon. But again that's not new news.
Ditto.
If the BLS get…
I think anything published by Zero Hedge needs to be fact checked.
Factual reporting on the ZeroHedge website is rated low by Media Bias Fact Check.
https://mediabiasfactcheck.com/zero-hedge/
Thanks. Fortunately, TechCrunch (the 24% figure I cit…
”I think anything published by Zero Hedge needs to be fact checked.”
Fair enough. I’m not familiar with ZeroHedge. Another source puts the cap at 24% on used car loans. And their own literature cites a $40 annual fee.
I don’t doubt that 24% figure…
From one frequent contributor (Mr. Skin) on Bill Fleckenstein’s Daily Rap last week:
”I bet I can find a way to securitize cow farts, get a blessing from the GS securitization dept. and gain self esteem from the global warming morons, thus securin…
If I read that (linked story) correctly, Cuban’s company is charging 30% interest on these used car equity loans. Disgusting if true. Like dancing over people’s financial graves for one last ”hurrah” before they’re out on the street.
Vultures gleefu…
There was no looking back for gold after the events in 2022. Investors with gold holdings or those who caught the trade in 2022 (and since) have made lot of money.
I’ve always liked gold. But at this point, for those with shorter time horizons, I…
