"I remember when I first started trading in 83 with a few grand saved and not a clue what I was doing. I don't know how, but I never doubted I would be successful. And you shouldn't doubt yourself. Why? Because every person can do much more than they think they can. My guarantee."
-- Mark Minervini, Momentum stocks trader profiled in Market Wizards Series
Hedge fund wizard: writing market magic in stealth mode, because even financial superheroes need a secret identity.
Wednesday, January 20, 2021
Vaccination Will Take A While
People think that the vaccine is going to calm things down and make economies restore themselves. It may well happen but it's certainly going to take a while. It's going to take a long time for people to get the vaccine.
I live in Singapore, a country with five and a half million people and it's going to be at least two quarters, maybe three before everybody gets it here and we're a small place. So, it's going to take a while.
Setting Goals
"If you limit your goals to what you know you can achieve, you are setting the bar way too low. Remember that great expectations create great capabilities."
-- Ray Dalio, hedge fund manager
Latest Market Commentary: January 20th 2021
Currencies /Forex: Euro can't be a reserve currency for the world instead of the US dollar. Chinese renminbi could be one in the future
Stock Market: This bubble is not complete yet. When it becomes a full bubble, it will pop and a lot of people will lose lot of money
Cryptocurrencies: Never bought any cryptocurrency; many cryptocurrencies have disappeared and gone to zero in value. If government outlaws crypto, no one is going to use itIndia: I wish India opens up more because if you open up more, India will be a much greater market in the future.
Never Bought Any Cryptocurrency
Never bought any cryptocurrency; many cryptocurrencies have disappeared and gone to zero in value. If government outlaws crypto, no one is going to use it.
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