Digital currency is the future says Jim Rogers. The legendary investor predicts governments will create their own digital currencies. Unlike Bitcoin, these digital currencies will be controlled by the governments that create them.
Hedge fund wizard: writing market magic in stealth mode, because even financial superheroes need a secret identity.
Monday, October 12, 2020
How The Rich People Tend To Behave
Interesting readings on financial twitter today:
"Material possessions shouldn't be the goal, experiences and stories are so much more satisfying."
-- Jim OShaughnessy, Founder, Chairman, OSAM LLC
“I observed at an early age, the rich people around me rarely bought anything, while the poor people around me were always shopping.”
-- Tom Ragland
"The best aren't working for money, it's about the satisfaction of creating something out of nothing."
--Orange Book
"Great thinkers don’t boast about how much they know. They marvel at how little they understand. If knowledge is power, knowing what we don't know is wisdom. It gives us the mental agility to rethink our assumptions."
"Material possessions shouldn't be the goal, experiences and stories are so much more satisfying."
-- Jim OShaughnessy, Founder, Chairman, OSAM LLC
“I observed at an early age, the rich people around me rarely bought anything, while the poor people around me were always shopping.”
-- Tom Ragland
--Orange Book
On other topics, Adam Grant has a will have his new book out soon,
China Selling U.S. Treasuries Will Pressure Interest Rates
China reducing American debt will put pressure on U.S. interest rates, they should be going up. From the Chinese standpoint, it’s a smart economic and investment move, one that would strengthen the Chinese yuan. If they sell US debt, they sell dollars, therefore their currency goes higher.
Thursday, October 8, 2020
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."-- 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.
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.
Monday, October 5, 2020
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.
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!
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!
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