2/ <laces running shoes> I don't have to be faster than you, I just have to be faster than the bears.
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13/ Ford calls up the Wall Street analysts and gives them "guidance" saying "our year over year profit was going to be +3%, but is now expected to be +1.5%".
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14/ meh I generally agree with EMH ("efficient market hypothesis"). People much smarter than me, who are paid to study markets have already made their best guesses, and the current market prices reflect those good insights. >>>https://twitter.com/BonbonFork/status/1230634152417992705 …
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15/ so if I disagree with the consensus market wisdom, it's some combination of * my unique knowledge and skills (very very little, negative, actually) * my distinct utility function * me giving into psychological quirks and worries so: 2 and 3 I'm moving some money to cash >
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16/ ...largely to quiet the itch (inner neurotic screaming), and to head off the potential of regret. It's half a real move, half a symbolic move. I only started saving for retirement after I paid off the farm 1.5 years ago, so not much in there (thus symbolism).
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17/ Paper cash is good for liquidity when credit cards etc are down. I don't remotely see any problems like that bc of Coronavirus. Winter ice storms, tho? Yes. Sure, tuck $100 away to buy milk and hamburger. https://twitter.com/ZeroBolusZero/status/1230635437254823937 …
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