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Livermore
The first and greatest rule in speculation is position sizing, not entries, exits, charts, tips, or timing, as it protects capital and allows traders to survive market fluctuations. Proper sizing enables traders to remain calm and disciplined, avoiding desperation and reckless decisions, which is crucial for long-term success in trading. Psychology and DisciplineThe market is…
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Elon
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“The norm is not the average”
S&P 500 PE ratio above 23 historically resulted in 2-2% annualized returns over 10 years, with current PE ratio at 24, indicating low expected returns for the next decade.Oaktree Capital has consistently invested in high-yield bonds for 47 years, achieving 7-8% yields comparable to 10% S&P 500 returns, but taxes reduce after-tax returns to 4-7%.…
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Copy Exact
This is a technical documentary exploring the immense, unseen engineering challenges of TSMC’s effort to build its new fabrication plant in Arizona.
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King Turtle
Bill Eckhardt emphasizes that successful trading hinges more on risk control than on predicting market movements, a theme that resonates throughout his conversation with Moritz Siebert and Rob Sorrentino. The episode explores Eckhardt’s journey from the renowned Turtle trading experiment to his current systematic trading strategies at Eckhardt Trading Company.
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BTC Debate
Bitcoin Treasury CompaniesBitcoin treasury companies like MicroStrategy use leverage and equity issuance to increase their Bitcoin per share, creating a recursive flywheel that can unravel quickly when sentiment changes MNAV (Market Value of Bitcoin compared to Enterprise Value) is a key metric for arbitrage, with extreme values indicating potential for shorting, but its correct value…
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“A lot of upside”
AI, Crypto, and Ethereum lead the way…
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High Averages
He highlights how optimism and psychological fluctuations can drive bubbles, with echoes of the late ’90s tech boom. While tech stocks are expensive, Howard doesn’t view them as the primary concern; it’s the high valuations of more average companies that are more alarming.
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Market Update
Corporate Investments and GrowthApple’s $600 billion US investment over 4 years faces skepticism due to its existing $55 billion annual investment in China, where 90% of its products are manufactured. Palantir’s quarterly sales reached $1 billion, growing 47% with $306 million in commercial revenue and $426 million from US government contracts, primarily defense and CIA.…
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Big JamieD
Got any book recommendations?