Be Audacious!

"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

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

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;