"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
Monday, July 5, 2021
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
-- 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
-- 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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