Wednesday, July 7, 2021

Inflation Outlook


Jim Rogers discusses the inflation phenomenon. Is it transitory, or are things structurally changing? 

Other topics:

- quantitative easing

- government spending

- consumer inflation

- governments like to lie about inflation data

How Trading Accounts Blow Up

"Every account blow up happens the same way... you dig in and refuse to accept a small lose before it turns into a huge one or you refuse to back off when trades are not working... or worse, you add more to losing trades and get bold when trades are running cold."

-- Mark Minervini, momentum stocks trader profiled in the Stock Market Wizards book

Monday, July 5, 2021

Be Audacious!

"Be audacious. There is always a best possible path. Your job is to find it and have the courage to follow it. What you think is attainable is just a function of what you know at the moment. Once you start your pursuit you will learn a lot, especially if you triangulate with others; paths you never saw before will emerge."

-- Ray Dalio, hedge fund manager

The Euphoric Recovery Will Fade Soon

 Recent interview with RT, Saint Petersburg (Russia).

Jim Rogers talks about how the economy is recovering from COVID-19. The euphoric recovery will fade  soon. 

Becoming A Great Trader

"Becoming a great stock trader is no different than becoming a great basketball player, surgeon or trial attorney; it takes knowledge, practice and skill which takes time. Don't be hard on yourself if you are not killing it right away. Focus on making incremental improvement."

-- Mark Minervini, momentum stocks trader profiled in the Stock Market Wizards book

Young Traders vs Older Traders

"When I was young and poor I dreamed of a having a big beautiful home and fancy cars. How life changes after 50... I just got a new toaster and it makes me so happy."

-- Mark Minervini

Crude Oil: Sub $100 Will Be Transitory

"I think the sub $100 per barrel crude oil prices we enjoyed since the 2014 oil price crash will turn out to have been transitory. Those low prices resulted from a strengthening U.S. dollar and a boom in domestic production due to fracking. Neither of those benign factors will return."

-- Peter Schiff

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