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Thank you for your well thought out reply.

In prolonged inflation, how do you think investment banks will fare, and why? How about regular banks, and why? Any other comments? Thank you.

Far, far, far less than five percent make a good living. Way back I was privy to the trading records of a name prop shop and was shocked at both the horrible results of the traders but also that all the office managers and most trainers owed the firm money. The very few Traders with edges who...

Technological progress has crushed manual mom and pop day trsders. Also, edges end: Candy stores close. Seventeen years ago I knew maybe 15 professional day traders making big money; now none have an edge and have moved on. The largest trainer and backer of day trsders, Shoenfeld, closed this...

That is not how it works with the U.S. Barring outliers like nuclear war, we can always pay our debts by printing money, though that has the obvious strings. Our debts are structured by contract to be paid back in our currency. Many other countries such as Greece have their debt contracts...

You should press Max and Market on your 401K. Do this decade after decade. Why In the world would you think you are going to beat superior competition including algos, lower trading costs, faster excecutions, faster and superior information flow, and so on?. Gurus-for-hire will not help you...

Obviously they do, especially for manual day traders: If you mean are things harder or are far fewer manual day traders doing well. _____ Zero sum game examples: A. Two friend playing poker at ones home is zero sum. If one wins a dollar the other loses a dollar. B. Two friends play poker...

Here is a good book, written by an ET poster, that should answer many of your trading questions:

Monish Pabrai and Charlie Munger, two legends who are notorious for very long holding periods and concentrated portfolios, bought in the last two quarters. Not saying this means others should necessarily auto-clone them but I find this interesting. Pabrai is an interesting fellow who often...

BTFD? What do you mean? Is the Chinese government buying the stock?

Alibaba arnings came out today along with their conference call-- followed by a large price drop. Thoughts, anyone?

Every US president was privately told by the CIA the US could not be win. Declassified documents show this. "Strange game. The only winning move is not to play" --Joshua the computer in the movie, War Games

Because with most deals at most firms you are really trading your own money while being given leverage. You are usually stopped from trading when near the end of your money. Want to keep trading? Hand the firm more money. Most traders lose their ass, even "trained" (lol) prop traders with so...

The author of the review is an affiliate with a link. Self-interest is a powerful thing.

Haha ..

Buffett and his best friend Charlie give fabulous live advice and tell great short stories. Often I have searched YouTube just to hear them speak about life and tell stories. Thank you for your story!

https://www.cnbc.com/2020/09/09/stanley-druckenmiller-says-were-in-a-raging-mania-and-the-next-3-to-5-years-will-be-challenging.html KEY POINTS Fed policies could end up threatening the long-term health of the U.S. dollar, investing magnate Stanley Druckenmiller told CNBC. "I can't find any...

If your trades have a disadvantage and you make enough of them, you will lose your capital. The great majority of day traders have a disadvantage on the great majority of their trades because they face stronger and faster competition (mostly algos), slippage, fees, and sometimes an informal...

Insights or comments on BABA for the longrun? ____ BABA, Charlie Munger & the Value Crew Bill Gates sold his BABA and Warren Buffett does not own it. Investing legend Charlie Munger, close friend and confidant of market crusher Li Lu, recently bought BABA-- though Li Lu had liquidated all his...

Haha Those are traders!