From Paul Singer’s letter to investors,
As a young broker an older quite successful broker told me the same thing. He also said that there was no reason to watch CNBC after 9:30 (the opening market bell) because anything of value for the day which actually found its way onto TV happened before the markets got rolling.
I have found both bits of advice to be right.
I’ve written a number of positive things about Bitcoin and cryptocurrencies. I am happy they exist. I am happy they are challenging central banks. (This is a wonderful thing.) But Bitcoin and other cryptocurrencies are only one part of the solution, they are not the whole solution to a fiat system run amok.
I am looking forward to seeing this movie. The trailer was just sent to me by a reader.
Did the father of today’s crony capitalist economic policies invent some of today’s most successful personal investment strategies?
You want your investments to be “terror free” right? Well luckily for you there is the new “Patriot Fund.”
A good op-ed from Paul B. Farrell at Marketwatch.com. He explains that despite how different things seem in the markets, despite the technologies utilized and new strategies employed, it is never “different this time.” And we ignore this reality at our peril. But ignore many do. They’ve “sequestered their brains” says Farrell.
To buy or not to buy? New regs just muddy the water more.
The richest person in Congress? Republican Congressman Michael McCaul of Texas with assets of $344 million. He’s an outlier for the House though. Most of the really rich folks are senators.
I’ll give you a hint. It’s not stocks.
I think this is a great idea, and if anyone put such an index together I would use it when investing to be sure. I think many other people would too. Looks like a business opportunity for someone to me.
“I hereby propose an CMI — that is, a “Cronyism Mitigation Index.” (There could also be an associated fund.) Dimensions of the CMI could include annual metrics on a number of dimensions, such as: