Ghost of Igloi wrote:
Fear the Reaper wrote:
Just drop it. The K5/Igy troll is a sad little man who will never say that he was wrong. He lives in a sad little world full of pessimism and hate, and he’s trying to get you to join him there. Don’t play his game.
Huh? And your foolish belief system is based on eating meals served up by those that sell you their wares. A belief system where there is never a time not to buy stocks. Fortunately I am far from your description and certainly not naive like yourself.
https://mobile.twitter.com/hussmanjp/status/1030092478391705606?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet
Ghost of Igloi wrote:
We’ll see how it works for you Mellon.
Ghost of Igloi wrote:
Fear the Reaper wrote:
Just drop it. The K5/Igy troll is a sad little man who will never say that he was wrong. He lives in a sad little world full of pessimism and hate, and he’s trying to get you to join him there. Don’t play his game.
Huh? And your foolish belief system is based on eating meals served up by those that sell you their wares. A belief system where there is never a time not to buy stocks. Fortunately I am far from your description and certainly not naive like yourself.
mellon wrote:
Ghost of Igloi wrote:
We’ll see how it works for you Mellon.
See how what works out? I don't subscribe to either one of those beliefs.
There you go again telling us what we're going to do.
Why don't you remind us again that "most" investors will sell at the bottom.
Selling at the bottom would be regrettable. True enough.
Ghost of Igloi wrote:
mellon wrote:
Ghost of Igloi wrote:
We’ll see how it works for you Mellon.
See how what works out? I don't subscribe to either one of those beliefs.
There you go again telling us what we're going to do.
Why don't you remind us again that "most" investors will sell at the bottom.
Ah, go watch the game with the Go Pats! guy and make better use of your time.
seattle prattle wrote:
Ghost of Igloi wrote:
mellon wrote:
Ghost of Igloi wrote:
We’ll see how it works for you Mellon.
See how what works out? I don't subscribe to either one of those beliefs.
There you go again telling us what we're going to do.
Why don't you remind us again that "most" investors will sell at the bottom.
Ah, go watch the game with the Go Pats! guy and make better use of your time.
Selling at the bottom would be regrettable. True enough.
But even given a long enough investment period, selling there could still be a handsome profit, depending when one bought.
Regardless, selling prior to (or sitting out of) years of one of the best bull markets in history, has to hurt. I just can't see how you could explain oneself out of that misfortune.
But hey, as they say, we'll see how that works for ya.
So, let's just say we have a 60% correction, downturn, apocalypse, aremeggedion, what have you. Would you buy then? If, not, let's say that we throw in a time machine and you could be 20 years younger at the time, would that be your entry point?
Ghost of Igloi wrote:
seattle prattle wrote:
Ghost of Igloi wrote:
mellon wrote:
Ghost of Igloi wrote:
We’ll see how it works for you Mellon.
See how what works out? I don't subscribe to either one of those beliefs.
There you go again telling us what we're going to do.
Why don't you remind us again that "most" investors will sell at the bottom.
Ah, go watch the game with the Go Pats! guy and make better use of your time.
Selling at the bottom would be regrettable. True enough.
But even given a long enough investment period, selling there could still be a handsome profit, depending when one bought.
Regardless, selling prior to (or sitting out of) years of one of the best bull markets in history, has to hurt. I just can't see how you could explain oneself out of that misfortune.
But hey, as they say, we'll see how that works for ya.
Seattle,
Yep and I’ll be here to remind you.
Igy
This appears to be taken from a fund manager handbook. No one's getting fired around here. And grossly exagerated, you think? "Drunk on the elixir of free money?" Give a little credit to those who are taking very seriously how to invest their life's savings.
Ghost of Igloi wrote:
“Investors, drunk on the elixir of free money, think the good times will roll on forever. And even if they are cautious, a few quarters of underperformance usually invites either capitulation or being fired. With few exceptions, being too early with a bear call is usually a career ending decision. Better to stay in the crowd, remain fully invested and go over the cliff with the herd.”
Albert Edwards, Soc Gen, August 2018
Ghost of Igloi wrote:
“Investors, drunk on the elixir of free money, think the good times will roll on forever. And even if they are cautious, a few quarters of underperformance usually invites either capitulation or being fired. With few exceptions, being too early with a bear call is usually a career ending decision. Better to stay in the crowd, remain fully invested and go over the cliff with the herd.”
Albert Edwards, Soc Gen, August 2018