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RE: Heading Down the Dow
Incorrect. I made a huge gain on HON, and with my broad-spectrum as described I am up 7.82%, excluding SPXL, which is up more.
That graph is missing a future line, and is therefore lacking. I know more than the information those lines contain.
And to the extent that you can understand why those lines look like they do, I am exstatic to be buying it.
You need to switch gears, Igy. Do you actually trust SEC filings without knowing the details of a business? That’s irresponsible. Do you trust rating agencies? Do you trust the gov like the dept of labor?
There is a lot more to know and understand. We are all rich, we all have heat, shelter, good food, medicine, clean water (except Flint). I have no doubt that you are satisfied with how you live, and justifiably so—but sometimes I wonder why you are in this game at all, with your attitude.
It is because there are no realistic options, that’s why. That’s why the whole world is in, and always has been—but unlike other times in history, the movement of capital today is unprecedented in scale and penetration. It has a buffering effect, and you are a part of that effect.
There are other games—you could get into RE, start a business, or get into private equity...or just go fishing and putter around the garden. All have their rewards. Seems to me that you could achieve more rewards that you value in a different game.
I don’t participate in the markets to further the country, or the GDP, or economic activity—I do it as a rotation to achieve relative gain so that I can apply that gain elsewhere. So, I find gain where I can, and think about risk levels and management. Even when I was in mostly cash, I was buying foreign assets as other currencies fell relative to USD.
The equity markets, as you participate in them, seem to me to be largely unrewarding for you.
I am probably missing something in your character, as I don’t know you personally. But it does make one wonder
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