Watching CNBC this morning and some guy they were interviewing had one of the best quotes I have ever heard–“Never underestimate how wrong everyone else can be”. A lot of people make their investment decisions by getting recommendations from the so called “smart money” the problem with […]
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Confusion
Just heard CNBC talking about how the portfolio managers they are talking to are confused. Not sure what is so confusing—stocks and many commodities are in a downtrend and Gold and Bonds are in an uptrend. During any uptrend or downtrend you will see reversals—simple as […]
No You Can’t Catch a Falling Knife
Two weeks ago I had to rush my 8yr old to the emergency room. Somehow he had managed to knock a knife out of the rack and instinctively tried to catch it. A lot of blood and two stitches later he learned a valuable lesson about life and […]
No You Can’t Catch a Falling Knife
Two weeks ago I had to rush my 8yr old to the emergency room. Somehow he had managed to knock a knife out of the rack and instinctively tried to catch it. A lot of blood and two stitches later he learned a valuable lesson about life and […]