Wall Street
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CNBC and the Casino
I have some financial advice for you if you are young. Take the advice you see on CNBC with a grain of salt. I suppose it’s OK for you to watch it for entertainment purposes. I understand. Sometimes we are just so bored we have to listen to something. The problem with CNBC is several…
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Why Are Wars Fought?
Why are wars fought? Don’t be a sucker like I was. I was the most naïve person who ever lived. I believed in social justice. I still do. But as I say, I was a sucker. I believed that wars were fought for social justice. Are wars fought for social justice? This is the conventional…
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Bonds
Stay out of the bond market. Quite frankly, I never understood the bond market. I mean I do, but I don’t. I get confused because of the inverse relationship between the yield of the bond and how much you pay for it. I’m a straightforward guy. I don’t like thinking in terms of inverses. And…
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Soothsayers
Back in the day, in the 80s, when I started making a little money, I studied those knuckleheads who analyzed the stock market through graphs. These are the same knuckleheads who exist today. They’ll never go away. They call themselves technical analysts. They give you the impression that they have the stock market all figured…
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The Seductress
The main thing you need to know about the stock market is that it’s rigged. It’s always been rigged. It’s always going to be rigged as long as the knuckleheads are in power. If they had wanted to not rig the stock market, they would’ve done it. But why would they want to do that?…
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Set It and Forget It
When you invest in a company, invest no more than you can afford to lose while adopting the set it and forget it theory. Don’t be a day trader in that stock or company. Day trading is pure misery, and you won’t win anyway. You’ll never beat the high frequency traders. You’ll never beat the…
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The Real Game of Thrones
Alexis Ohanian says that we are now living in a new world with regard to the stock market. Alexis Ohanian is a founder of Reddit. He is obviously pleased that his Redditors have made life miserable for the Wall Street elites. So am I. He thinks that this is the beginning of a revolution in…
Cowboy Archer 