Sturgeon's revelation states that 90% of everything is crap. The adage was coined by Theodore Sturgeon, an American science fiction author and critic in defence of science fiction. The first written reference to the adage is in the September 1957 issue of Venture.
Is it possible that bitcoin’s meteoric rise is not due simply to higher and higher demand for digital gold? Perhaps, as some have alleged, the price of bitcoin is being artificially manipulated through at least one stablecoin, Tether, and potentially others. ...
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Thursday, January 21, 2021
I have noted before that just understanding what is going on now is preferable to trying to guess what will happen in the unknown future. Here are some of the things that are going on now: We are in a bull market in stocks that began in March 2009 ...
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Wednesday, January 20, 2021
If owning stocks is a long-term project for you, following their changes constantly is a very, very bad idea. It’s the worst possible thing you can do, because people are so sensitive to short-term losses. If you count your money every day, you’ll be miserable ...
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Tuesday, January 19, 2021
Ironing your shirts then putting them in the washing machine produces a different outcome from washing your shirts first, then ironing them. The reader can either trust me on this or try the experiment with both sequences on next Sunday ...
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Thursday, January 14, 2021
One of the reasons so many investors have been paralysed by fear during this downturn is that they have no way of thinking other than by analogy, and there are no analogies to draw on with respect to how to invest through a pandemic and lockdown ...
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Wednesday, January 13, 2021
2020 was a year in which choices were thrust upon us. We need to develop a new approach in 2021. Unfortunately, that’s easier said than done when change is the only constant. When there seems to be an ever-growing number of questions rather than ...
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Tuesday, January 12, 2021
Japan’s legal system has a 99 percent conviction rate. Fishing remains the United States’ second most dangerous profession, after logging. Before the Industrial Revolution, the principal sources of noise were thunder, church bells and cannon fire
If you’re a value investor it’s easy to fall prey to boredom given the markets’ relentless march to higher prices. What long term investor doesn’t find it boring to sift through financial statements only to discover a company is fairly valued? Or to stay invested in a company that is quietly compounding in value, when new opportunities appear more alluring?
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