It’s important to understand that there’s a huge difference between the rich, who are the wealthiest 20% in this country, and the elite of this world.
In Q1 of this year, markets rallied hard; it was the best quarter in decades and an incredible opening for the year.
I’m looking at deep-value opportunities in fast growth industries constantly and I can’t imagine being invested in companies that pride themselves on business models that rely on traditional banking or on credit card processing, at this juncture.
My gut is telling me that billionaires are getting sick and tired of stocks, just about now.
One of the most remarkable character flaws of humans, which shine most brightly in a negative light by elected officials, is their inability to admit fault and CHANGE COURSE for the benefit of the nation, at the expense of suffering from some short-term flank, in the second that they’re decisions are proven to be wrong.
Amazon is one of the largest companies in the world. It is phenomenally successful, yet for over 90% of its employees, this success means very little.
The way you spend your time and money depends greatly on what you want to do with them. That should bring you to the primary question that you must wake up to every day: What are my PRIMARY GOALS?
Too many companies are borrowing money on terms and at maturities that fit an economy that is just starting to recover, rather than one that has nowhere to go but down.
You couldn’t get anyone to touch Bitcoin with a holographic pole last year, but we kept saying that a bear market in Bitcoin’s world is 80%-90% and that this is the normal course of action for the new currency.
This is the riskiest period since the Great Financial Crisis – make sure that unlike most Americans, you are sufficiently capitalized for a less certain, more expensive world.
