-- Peter D. Schiff, economist
Hedge fund wizard: writing market magic in stealth mode, because even financial superheroes need a secret identity.
Tuesday, December 20, 2022
Fed Policy Is Bringing The Economy & Asset Prices Down
While Federal Reserve policy is succeeding in bringing down the economy and asset prices, it's not succeeding in bringing inflation back down to 2 percent. Long before that happens, both the economy and financial markets will get even weaker, causing the Federal Reserve to make another mistake by pivoting.
Rules of Investing
Most successful investors, in fact, do nothing most of the time.
The price of a commodity will never go to zero. When you invest in commodities futures, you are not buying a piece of paper that says you own an intangible of the company that can go bankrupt.
One of the best rules anybody can learn about investing is to do nothing absolutely nothing unless there is something to do.
— Jim Rogers
— Jim Rogers
— Jim Rogers
The Complexity of the World
Acknowledge the complexity of the world and resist the impression that you easily understand it. People are too quick to accept conventional wisdom. It's a basic fact of life that many things "everybody knows" turn out to be wrong.
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