Fundamentals haven't changed, page-250

I'll worry about TBR when they are closer to reaching their full potential. For the moment I wait and will be ready to buy if they start going lower than $5.40.

The bones of my relatives are all together in a crypt at Verano, the monumental cemetery of Rome; engineers, architects, doctors, professors of mathematics and engineering, military generals and even an attorney general of Italy. One of my grandfathers is a banker with dedications (honours) from the President of the Italian Republic. As you say I'll be dead in 20 years (or much sooner) and you can't teach old dogs new tricks, but my descendants won't care. It's the old tricks that work time after time.

What worries me about you is that you encourage people to trade. Most novices can only be successful traders in a rising market, they soon get burnt and find out how difficult markets get when markets start to breakdown. Investing is a totally different thing if you are good enough to identify the best opportunities.

The purpose of stock markets should be to efficiently allocate capital so that innovation and societies changing needs can be funded for the benefit of humanity. Unfortunately the Americans have made an art of distortions and speculations, so much so that a new emperor has marched through the city gates with a promise to rebuild society from the ground up. Unfortunately for that society and the old guard (banksters) the dream of making America great again is just leftist anti-market utopian nonsense based on selling more debt to build roads, hospitals etc.... something the government should have been doing all along to meet it social responsibilities in any case. The reaction of the elite to fall behind Chump is a desperate act of self preservation, the last hurrah, and the manipulation is now verging on extreme. No free market capitalist would condone the plans of this fraud. No wonder Pauline Hanson and her cronies were toasting his victory. If you bring fish and chip solutions to the problems faced by the most powerful society on earth you end up with complete disaster.

Chumps speech was the most anti-free market speech that could have been given by a US president elect. Fortress America, more debt to rebuild America from outside the markets, a we know better attitude to where money should be allocated. I suppose this is what is to be expected when the elite have run completely out of control, caving in the system once already, getting bail-out by the tax payer and not learning one damn lesson thereafter.

You are clearly above the retail investors as you continuously tell us and belittle us. Well sometimes the retail guy can actually be ahead of the markets, that is the luxury of having absolute discretion and using your own mind, and not shadow boxing with institutional money flow on a 5 minute chart or whatever it is that you actually do.

Time in the market, beats timing the markets, every time. Ask any rich guy. Eshmun