3/ To back up a bit, you can bet on an individual stock, or the market as a whole, at any degree of leverage (multiplier) from, say, -10 to +10. To get +10 you borrow money and buy stocks. To get +1 you buy stocks. To get 0, you stay in cash >>>https://twitter.com/BonbonFork/status/1230600252157243393 …
-
-
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 …
Show this thread -
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 >
Show this thread -
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).
Show this thread -
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 …
This Tweet is unavailable.Show this thread
End of conversation
New conversation -
-
-
I know exactly what your next tweet is going to be and can confirm that for a few years, my compensation was >50% stock.
-
I hate wasted words, so if you already know, I won't bother typing!
End of conversation
New conversation -
-
-
Do we should expect a general market crash? Any guess how severe? 2008-level? And it's US election year, right? Interesting.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.