There is that expression “wisdom of the crowd” that applies to the stock market. What happens if the majority (or 49%) of that crowd are nincompoops?
No surprise that Warren Buffet is stepping down. Berkshire Hathaway has been a good investment for me and will probably be the last US stock I sell.
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Yup.
Down about 5% from February highs.
So all that volatility…part of the statistical history now- for all to see.
That realized vol is pumping through VAR models even as we type. It will continue to do so for a while. The increase in VAR will mean financial institutions like banks and insurers, will look for ways to de-risk. That’s how it is designed to work.
I really should have sold my UnitedHealth stock after it started recovering post CEO assassination
Personally, I’m buying VHT with a heavy allocation to United. A lot of healthcare stocks are depressed.
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50% down is quite the hit. Will probably mostly recover over time as I don’t see HC spending going down due to demographics.
I am 0% US as the uncertainty Trump is causing makes it impossible to look at the long-term. He could wake up tomorrow and decide to slap more tariffs on China. Or the EU. Or Cars. Or Chips. Etc.
Case in Point (today)
US Credit rating has now been downgraded by Moody’s
Not this shit again 
If there is ever going to be a time for BTC to succeed, this should be it. How BTC does not go to the moon here just proves to me that it’s not a solution.
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Still this. Makes no sense to me that I am up YTD, but I’ll take it
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Market still doesn’t believe Trump is this stupid.
Its irrational at this point (as there is now evidence of his behaviour)
So I figure its going to be one violent market movement after another.
Insider trading is also rife at this point.
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Recognition of Trump being able to be incentivized to change his mind?
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Trump’s friends and many political supporters are heavily invested in financial assets.
The first key lesson of investing history is that those who keep their heads in times of turmoil come out ahead. Another lesson is that people in power act in support of their self-interest. A dumpster fire of a stock market is not in Trump’s self-interest.
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But wouldn’t a manipulated stock market with lots of ups and downs be great for insiders if they know when the ups and downs are coming?
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Sure, but if you DCA you can capture most of the benefit.
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Yes
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This is something that I have been tracking for quite some time because PC has also inserted itself into the insurance world in a few areas that I look at via work.
Massive sums being lent out (in the trillions at this point)
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It always comes back to demand deposits. Assets backing demand deposits need to be low risk and mostly short duration. Otherwise, you will have banks runs when things go south.