COMMENT: When I ask someone about your theories, they claim you are unconventional. They said the same thing about Einstein and even Kynes in the early 1920s. It seems that anyone who thinks outside the box is labeled unconventional, but in the end, they adopt the very theories and become conventional. They seem to make […]
Before the evolution of the Industrial Revolution, Social Mobility truly did not exist. More often, one tended to follow in the footsteps of their family. Farmers remained on the farm just as those in the various skilled trades remained in those guilds. This tended to be true even from ancient times before Rome became the […]
COMMENT: It was great seeing you here in Europe. It was even more interesting to see how the central banks are starting to use the ECM rather than wait six to nine months before acting. Back in 2007, your model turned in February, but the Fed Funds Rate did not drop to 3% until one […]
The most fundamental truth about trading is that your opponent is YOURSELF. The majority must be wrong because they are the fuel that propels the market. The market enters a flash-type crash when the vast majority is LONG, and they try to sell, but there is no bid. Far too many people demonize trading such […]
The Biden Administration implemented a new rule that will cap credit card late fees at $8. The Consumer Financial Protection Bureau has praised the measure, estimating it will save Americans over $10 billion annually in late fees, or around $220 annually per person as 45 million Americans have experienced these fees within the last year, […]
In 2019, New York hosted 72 billionaires. That figure has declined to 62 in 2023, with smart money fleeing the state due to high taxes and crime. The state of New York depends on the top 1% of earners to pay 42% of its tax burden. New York is already operating in a deficit and […]
I have told the story before that when I was doing my reach early on at Princeton University’s Firestone Library, I became friends with a professor who had known Einstein who taught there. He said to me that I reminded him of Einstein. I was shocked because I was not making new theories in […]
I will be covering this in detail at the WEC in a couple of weeks. We are getting the same Conspiracy Theories regurgitated and twisted around. People are asking what is real and what is not. Suffice it to say, when you buy shares and leave them at the brokerage house, they remain in THEIR […]
PRIVATE BLOG – Long Term v Short Term Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com. https://ask-socrates.com/
