Never lend money to someone who needs it! Great comment. I just had breakfast with an elderly friend of mine, and he gave me some extra wisdom: " I can't always remember where I parked my car, but I remember everyone who owes me money!"
You are right to repeat this chapter with the words of Charles Gave. Very few "investors" today have his (or your) perspective on how hideous conditions in markets today are. We are in for a an experience that few will imagine, many will come to regret, and those who caused it will again skate free from their responsibilities.
Here's a touchstone I developed approximately thirteen years ago that seems more fitting each day: "Never in the history of our country has so much been taken from so many by so few."
I had never heard of the ratio. I do remember the 70's when my 3 boys were all born. I remember getting raises at work 2x a year due to inflation and not being able to make ends meet unless I picked up an extra shift each pay period. I'm really confused as to what to do with my investments today. My advisor says to hold on to my 50/50 mix.
Hard to see Gold going up too far in the face of Fed interest rate hikes and a rising Dollar. I think Oil stocks are the best bet in this market as long as they stay north of $100/bbl
When Insanity Meets Reality
Charles Gave comments are the key to the next few years unless the Fed reverses course soon.
Good write up. Love Charles Gave comments especially the bankers comment.... "never lend money to someone who needs it"
I echo the previous comment wholeheartedly.
Never lend money to someone who needs it! Great comment. I just had breakfast with an elderly friend of mine, and he gave me some extra wisdom: " I can't always remember where I parked my car, but I remember everyone who owes me money!"
A stunning read. Many thanks and not only because I agree, it was simply very well written.
David,
You are right to repeat this chapter with the words of Charles Gave. Very few "investors" today have his (or your) perspective on how hideous conditions in markets today are. We are in for a an experience that few will imagine, many will come to regret, and those who caused it will again skate free from their responsibilities.
Here's a touchstone I developed approximately thirteen years ago that seems more fitting each day: "Never in the history of our country has so much been taken from so many by so few."
Keep up the good work,
Kevin
Love the narrative ... factual and engaging
I had never heard of the ratio. I do remember the 70's when my 3 boys were all born. I remember getting raises at work 2x a year due to inflation and not being able to make ends meet unless I picked up an extra shift each pay period. I'm really confused as to what to do with my investments today. My advisor says to hold on to my 50/50 mix.
Hard to see Gold going up too far in the face of Fed interest rate hikes and a rising Dollar. I think Oil stocks are the best bet in this market as long as they stay north of $100/bbl
Curious. What is the S+P/Gold ratio today??
bravo and many thanks for excellent work