Before I get started….this tweet made me laugh out loud last night. Watch it. Onward… I have a lot of friends that are 65 years and older. Don’t judge me…I did not realize it until about 7 pm PST last night. After dinner, my phone started lighting up with texts that Gold was up $34 …
From: June 2019
What Makes A Great Investor
My friend Semil linked to a great post from investor Graham Duncan titled ‘The Playing Field‘ who dissected what separates the great investors from the rest. In short: For investors, I’ve come to think of five levels of the game: 1. Apprentice — learning the game 2. Expert — mastering the game you were taught 3. Professional — making the game …
Art Over Science or Science Over Art? Just Have a Plan
This chart about economists predictions for interest rates in 2019 is making the rounds… Michael Batnick has a good post arguing that when he hears people say investing, drafting players or predicting the future is ‘more art than science’ what he really hears is ‘it’s just as much luck as skill’. I think investing is …
Momentum Monday – A Good Market Of Stocks Right Now and How I Prune To Hold Winners
As a reminder, Marketsmith (by Investor’s Business Daily) is now a sponsor of the weekly show. All the charts you have been seeing in the videos and will continue to see are from Marketsmith. They are offering my readers a three week trial for $19.95. Click this link if you would like to try it …
The Truth About Facebook’s Crypto Launch
One the biggest technology stories of the week maybe the year is Facebook’s announcements around their token/payment/coin – Libra. Here is The Block’s coverage of it. Long time Bitcoin bull and investor in all things crypto Barry Silbert had this to say: The launch of Facebook’s cryptocurrency will go down in history as THE catalyst …
Here’s The Thing About Free Capital…and Why Every Kid Should Be an RIA
Whenever I write about Goldman Sachs (like the other day) three things happen: 1. Ellen gets nervous because she thinks they are watching and may come for me. I say at least we will have this blog as evidence. 2. Bank lovers…like Fat Nixon supporters, troll me. 3. My Goldman friends who have left Goldman …
Toronto Raptors…Thanks For The Memories
It’s been a while since Toronto sports fans had anything to cheer about. I grew up watching the Leafs lose (I was 2 years old the last time they won a Stanley Cup in 1967). In 1993, I iced Ellen on the couch (I think our second date) until Joe Carter hit a walk off …
Boo Hoo Goldman Sachs…It’s Not Easy Being a Low Margin Vampire Squid
Goldman Sachs CEO David Solomon told employees at a meeting attended by CNBC this week that “we’re getting absolutely no credit from anybody else in the investing community” on the firm’s digital banking efforts. Boo Hoo David. I do admit that a few years ago I thought Goldman Sachs might be able to break out …
Big Changes to My Investing Workflow
Since winding down my hedge fund in 2006, I have been all about slimming down my stock market investing time. This meant getting off the idea that I needed eight screens on my desk to invest and follow the markets. In hindsight it was a great timed trade. While pulling away from eight screens on …
Lindzanity – Episode 7 – Steve Schwarz Joins To Discuss Commercial Real Estate
Back in 2007 Phoenix, a staggering 99 percent of the population were commercial real estate agents. The crash of 2008 changed everything. Now just 89 percent of the Phoenix population is a commercial real estate agent. Ok…not quite. I kid commercial real estate agents. To set the record straight, I invited my friend Steve Schwarz …