To get -1, you short a stock.
To get -N, you borrow money and ...
So anyway, I had $X in index funds.
i.e. my bet was 1x re the market.
I'm still bullish long term, but concerned short term. So I went from 1x to 0.5x.
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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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And any $20 bill you find on the street can't possibly be real because if it were, someone else would already have picked it up.
#EfficientMarketHypothesis -
read: I *GENERALLY* agree
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