2020 Election: Biden With Largest Lead

 From Nate Silver's, Five Thirty Eight:

"Really more polls are coming in showing Biden up double digits than not at this point. He's up to +9.8 in our national polling average, his largest lead of the campaign."

-- Biden 51.9%

-- Trump 42.1%

Markets: Commodities Still Get No Respect

Commodities still get no respect most commodities at lest, certainly not now. I mean, there have been
periods, for example crude oil went to $150 a barrel for a minute, or for a day. Things do happen but for the most part people have ignored commodities again. But don't worry they'll be back especially if we keep printing money the way we're printing money.

If economies keep collapsing and nobody can go to work, that cuts demand but it also cuts supply eventually. If they keep printing money the demand will be there eventually too.

Jack Schwager: Psychology Is More Important Than Technique

 Listen to the latest video interview of Jack Schwager, this weekend at the Traders Summit 2020. In this interviews Jack addressed several different topics including his new book Unknown Market Wizards:  

The world-famous author Jack Schwager gave a fantastic interview and took questions from panelists and guests. He revealed his new book “Unknown Market Wizards”, adding that it’s a collection of interviews of highly successful traders who are relatively unknown to the world. He said that stock traders and futures traders are usually quite different and closed with a pearl of advice: “Psychology is more important than technique”.

Tech Stocks: A Ticking Time Bomb!

This bull market is getting very old. Several hyped-up stocks are likely to crash when the next bear market comes. A time bomb is ticking in the technology space. 

People are thinking that stocks like Amazon (AMZN) and Alibaba can never go down. I advise investors to read market history that they can go down and they will go down. We will have more bear markets!

When the bear market comes, emerging markets like India will go down a lot. India has been building up debt, and I don’t like that!

Jim Rogers On China, Technology & COVID

 Jim Rogers speaks about China, global trade, technology and how things will work out post-COVID. A must listen video interview.

"At the moment you know there are problems between the United States and China. Whenever in history politicians have problems they blame foreigners and the Americans are blaming China right now!" 

-- Jim Rogers, American investor

Books Written By Self-Made Billionaires

Here’s  a list of nine books written by self-made billionaires. They share ideas and concepts to help you succeed in business and in life.

Some of the books on the list are,

• “Principles: Life and Work”, by Ray Dalio
• “Shoe Dog: A Memoir By the Creator of Nike”, by Phil Knight
• “Business @ the Speed of Thought: Succeeding in the Digital Economy”, by Bill Gates
• “Lean In: Women, Work, and the Will to Lead”, by Sheryl Sandberg
• “How to Win at the Sport of Business: If I Can Do It, You Can Do It”, by Mark Cuban
• “Zero to One: Notes on Startups, or How to Build the Future”, by Peter Thiel

You can read the complete article on CNBC.com, 9 books written by self-made billionaires to help you succeed in business and in life

"An investment in knowledge pays the best interest." - Benjamin Franklin

 

COVID: Politicians Are Overreacting

On the newswires right now:

SCOTLAND BANS PEOPLE FROM VISITING OTHER PEOPLE'S HOMES

We’ve had worldwide epidemics before but never before have politicians reacted the wrong way.


"In 2009 we had the H1N1 virus in America. Well, they didn't close McDonald's, they didn't close the airports. This time for whatever reason politicians, academics and journalists seem to have overreacted and said we have to close the whole world.

We've had many epidemics and never before have we closed the whole world. So in my view, they made mistakes and that's what has made this so horrible." - Jim Rogers, September 2020