When I saw oil, copper, iron ore, etc. cratering, why — oh why — didn’t I sell these guys short?
Who knew for the ensuing devastation?
Nothing like this have ever happened before. I’m talking Amazon.
True story: I need a new washer for a leaking faucet. Nothing special. Standard faucet. Standard 10 cent washer. Our local hardware store Gracious Home doesn’t have it. Lowe’s doesn’t have it. I’m mean, we’re talking a standard washer for a standard faucet. But guess who has it? Amazon!
My God, they got everything. I check with my friends. They’ve given up on bricks and mortar retail. Their first choice is Amazon. And they always get what they want.
Why didn’t I load the boat up on Amazon at $300? Look at it over the last year.
What is happiness? GQ magazine just did a cover story on my favorite Taylor Swift, one of America’s top performers, who earned around $100 million this year. That’s better than all my friends on Wall Street. Eat your hearts out, guys.
The story ends with this quote from her on a subject we all wrestle with:
“After ten years, you learn to appreciate happiness when it happens, and that happiness is rare and fleeting, and that you’re not entitled to it.
You know, during the first few years of your career, the only thing anyone says to you is `Enjoy this. Just enjoy this.’ That’s all they ever tell you. I finally know how to do that.”
The reporter ends the story with “Taylor Swift is 25. But she’s older than you.”
You can watch her music videos on YouTube. These two are my favorites: Shake it off (1.2 billion views) and Blank Space (1.3 billion views). Yes, that’s billion.
It’s warm. It’s dry. My fingers are cracking from tennis. I have three weapons. These are the best:
Sad commentaries on life
Symptoms of old age
Frenchman says: I am thirsty, I must have wine.
American says: I am thirsty, I must have Coke.
Russian says: I am thirsty, I must have vodka.
German says: I am thirsty, I must have beer.
Englishman says: I am thirsty, I must have tea.
Jew says: I am thirsty, I must have diabetes.
Irish “humor”
PADDY… “If you can guess how many chooks (chickens) I have in my bag, you can have both of them.”
“Three,” … replied Shaun.
Harry Newton who eyed the theater crowd last night and noted: Infirm, stooping and overweight. I’m guessing most were younger than me. Heh guys, just because you have a little money doesn’t mean you can ignore your body.
Harry, add Coconut oil (tubs from Costco) to your moisturizing retinue, you won’t regret it.
Harry, do a youtube on “Ane Brun’s Do You Remember” and tell me if you think that maybe “Shake it off” did a little copy. Also been using New Skin and NexCare for many moons for tennis. Keep it up……May want to get a little of KMI.
I read what you posted – below – and felt awful. But then I realized that the stock market is actually UP this year and I remembered that it was just you and your friends being dummies again. My biggest investment is Alphabet, formerly Google, up about 47% YTD. I recommended it on your site last February, but, you know, I doubt there were any takers.
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Friends en mass are bailing from stocks. They’re selling everything — except their index funds. They’re selling their individual stocks. “Too hard to make it with individual stocks” they’re telling me.
One told this morning he’d just lost $100,000 in his IRA. He wasn’t looking. One day, the money was gone.
Either you look or you place sell limit orders and get out when you’re not looking — when they crater further.
The Internet and biotech/pharma are where we probably need to be.
But it’s really hard.
As my mentor, Todd says, “When in doubt, stay out.”