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.

-- Peter D. Schiff, economist

Rules of Investing

Most successful investors, in fact, do nothing most of the time.
— Jim Rogers

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.
— Jim Rogers

One of the best rules anybody can learn about investing is to do nothing absolutely nothing unless there is something to do. 
— 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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