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This the "David Rosenberg" symdrome. The idea that short-term economic news should matter anything at all to the stock market. Here is a fun way to disprove this with numbers Damodaran has an spreadsheet that values the stock based on analysts estimates for the next 5 years and then calculates...

I'm not jumping on the "inflation is going to go crazy" bandwagon just yet. By the recent data, I see no reason to think that the price stability the US has enjoyed since 2012 has been broken

http://www.businessinsider.com/vix-volatility-trader-50-cent-finally-made-money-when-stock-market-went-crazy-2018-2?nr_email_referer=1&utm_source=Sailthru&utm_medium=email&utm_content=COTD&utm_campaign=Post%20Blast%20%28moneygame%29:%20The%20mysterious%20trader%20known%20as%20%2750%20Cent%27%20fi...

Here is a little lesson that I learned from Venture Capitalists that explain some of the action on SNAP. They say its about the people, not the idea. The shorts hate SNAP because FB is competing hard with it and Instagram made it tougher for SNAP to grow, but good VCs talk about how some of...

That quote is mostly storytelling, it doesnt prove anything. Clearly it didn't work in US stocks after Brexit (since markets quickly recovered and went to new highs) but it worked in other situations. Point is, there is nothing to that quote other than someone giving a narrative that people are...

How much were you down at the intraday low on SPX?

Good twitter thread by Lee Unbounded convexity assets are lot tricker to decide which side is getting the best deal (buyers or sellers) than silly contrarians seem to think. Especially if there is a speculative mania This is even more true when you consider that the world will one day see a...

He lost a lot of money but must be too embarrased to admit

I'm more positive on BTC here. I took off some of my hedges (short GBTC and other stuff) and longed some BTC. I plan to buy more at low 7's and 6s IF it goes there The idea is, if this is not the end of the mania, I make 15K+ per coin (if it breaks ATH, it probably runs a bunch), if it is, it...

Here is a fun fact that I heard from a famous VC interview. Every year on Sillicon Valley 4,000 companies try to get VC funding, about 200 get funded (so 3,800 get rejected). Out of the 200, 15 produce 95% of all the economic value. So when people say 'Most ICOs are frauds and worthless' 'The...

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I believe Dalio is talking more in terms of an active portfolio not a passive one. He's got a beta fund (All-Weather) and a alpha fund (Pure Alpha). The 15 uncorrelated bets can be stuff like long Argentina bonds, short Australian stocks, long Greece REITs, etc

Ya, I heard all kinds of stories about his seminars. He even did one in my city (Sao Paulo, Brazil), where he got booed by the audience and had tons of requests for refunds, it was a media circus. He wants to help people to get financially free but asks for 5 grand to tell people basic finance...

Here is a better book that can teach the same thing that Rich Dad Poor Dad does, without all the garbage and exposure to shady people: The Richest Man in Babylon

Rich Dad Poor Dad helped me to think about finance, savings and building a financial future, but I could have done the same with dozens of other books. But the thing is, given that the story is fake and Kyosaki has been caught lying multiple times, that means he is not a reliable/belieavable...

Thats the part where I gave up on him, he refuses to even clarify if the story is real or fiction. That pretty much means the story is made up or that he exaggerated it a lot in order to get fame and money

Kyosaki is a very shady individual, looking at all the things that he said/contradicted/failed it seems that the follows the school of 'get rich teaching others how to get rich'. He uses and abuses of the fact that people become dumb when it comes to big money/dreams and possibilities and just...

https://johntreed.com/blogs/john-t-reed-s-real-estate-investment-blog/61651011-john-t-reeds-analysis-of-robert-t-kiyosakis-book-rich-dad-poor-dad-part-1