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

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

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

Inflation Keeps Pushing Crude Oil Higher

"High inflation keeps pushing the price of oil higher. So far today it's already hit $73.40, the highest price since October of 2018. Yet investors aren't buying gold because instead of looking at what's actually happening to oil, they believe the Federal Reserve that it's only transitory."

-- Peter Schiff, economist & investor

Bitcoin Will Be Outlawed If It Becomes Very Successful

 Bitcoin will be outlawed if it becomes very successful. That's what history shows us. 

Other topics covered:

- the state of the US Economy;

- the sustainability of the US Debt;

Investing: Identifying Opportunities

 

Highlights: 

0:00:00​ Welcome and context 

0:02:40​ The Jim Rogers way of identifying opportunities 

0:07:16​ What is your decision-making process like for investing? 

0:10:15​ What helps you understand what cycle are we going through now? 

0:12:50​ What mistaken beliefs are widely held right now? 

0:14:51​ What if governments can just keep printing money? 

0:16:24​ How does the MMT will end? 

0:18:30​ What looks inexpensive to you? 

0:21:33​ Thinking through the risks 

0:24:01​ What were the biggest opportunities through the pandemic? 

0:28:05​ What factors are you looking among the Asian countries? 

0:31:21​ How do you filter information? 

0:32:56​ What are the benefits of travel? 

0:34:55​ Is India interesting for investors? 

0:35:37​ What gets you most excited in the current markets? 

0:36:29​ Where can people find out more about you?

Q&A: Where Are Interest Rates Going?

Q: what you think about effects both in society and in investors life with potentially going into a longer term era of rising interest rates if you think that's where we're going?

Interest rates are going to be going higher for a long period of time and you will have a huge advantage if you can lock in rates now lock in that's the important word lock in make sure you not gonna get hurt if they go higher.