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Archives of “February 2019” month
rssPoor vs. Rich mentalities
Motivation- Great Chart
How the Financial World Sees Itself
This photo very well defines the difference between Obama and Trump !
Jim Rogers: Stocks To Be Crushed Any Day Now
Governments need to tighten their monetary policies more according to Jim Rogers. Such tightening will result in stocks being crushed nevertheless.
Bloomberg: “We’re overdue for a correction” said Rogers, chairman of Rogers Holdings, said in an interview in Hong Kong. “Stock markets around the world have been going up for the past 10 months.”
“I don’t think anybody has tightened enough. I think everybody should tighten more,” he told Bloomberg. “We have huge amounts of money printed throughout the world. It’s going to cause currency instability. It’s going to cause more inflation. It’s going to cause higher interest rates.”
An extended, related video of Jim Rogers with Bloomberg is below, start from 11:00 for Jim Rogers. He talks across stocks, stimulus, commodities, and gold in particular.
One of the oddest things discussed however, toward the very end of the video, at 27:00, is how Jim Rogers is long both the U.S. dollar and gold. He’s also long the Japanese yen even though in his own words, it, like the dollar, is a ‘terribly flawed currency’.
The robot waiter will take your order now
Chinese-made androids arriving in Japan
Catering androids developed by China’s Kunshan Pangolin Robot.
China’s Kunshan Pangolin Robot is bringing its android waiters to Japanese restaurants, with the assistance of an engineering university here.
Pangolin will set up a Japanese arm as soon as this month that will handle sales and maintenance. The company will then establish in April a research and development facility within the premises of the University of Electro-Communications. UEC’s Campus Create, which aims to transfer advanced technologies to companies for commercial use, will provide support for Pangolin’s Japanese venture.
The Chinese robot firm also inked a memorandum of understanding on mutual cooperation with Japanese peer Kikuchi Seisakusho.
Pangolin’s serverbots start at 500,000 yen ($4,380) apiece. Nagasaki’s Dutch-themed Huis Ten Bosch theme park is considering adopting the androids at its robot-staffed Henn-Na Restaurant.
Pangolin is headquartered in the eastern Chinese city of Kunshan, which is also home to the factory producing the robots. With a sales network stretching across the mainland, the company is seen holding 70% of the Chinese market in waiter robots.
3 Big Aggravations You Shouldn’t Tolerate
The first (and in some ways, the most irritating) is knowing that there are people making it in trading, and they aren’t half as smart as you.
– They haven’t put in nearly as much effort as you.
– Haven’t sacrificed as many evenings or weekends that could have been spent more enjoyably.
– Haven’t tried nearly as many systems or strategies as you have.
– And yet, they’re making money, relaxing when its time and feeling pretty good, while you’re still beating your head on the rock and bleeding, and not getting nearly as much good sleep as you’d like.
The second is knowing that there are plenty of trading strategies and systems that are readily available to you, but you don’t know how to find them, and even if you did, you don’t have a process to know if it is one that would suit you well and actually produce the way you wanted
Well you could find out by just going ahead and trying it, but that kind of stinks too, huh?
And it doesn’t help that it seems like every Tom, Dick and Harry has a system for sale, with everybody and their brother sending you emails promoting it.
Same problem: “Does it really work, and even if it does, would it work for ME?”
No method to KNOW without trying it. (more…)
DENNIS GARTMAN’S -Trading Rules
1. Never, under any circumstance add to a losing position! Ever! Nothing more need be said; to do otherwise will eventually and absolutely lead to ruin!
2. Trade like a mercenary guerrilla. We must fight on the winning side and be willing to change sides readily when one side has gained the upper hand.
3. Capital comes in two varieties: Mental and that which is in your pocket or account. Of the two types of capital, the mental is the more important and expensive of the two. Holding to losing positions costs measurable sums of actual capital, but it costs immeasurable sums of mental capital.
4. The objective is not to buy low and sell high, but to buy high and to sell higher. We can never know what price is too low. Nor can we know what price is too high. Always remember that sugar once fell from $1.25/lb to 2 cent/lb and seemed cheap many times along the way.
5. In bull markets we can only be long or neutral, and in bear markets we can only be short or neutral. That may seem self-evident; it is not, and it is a lesson learned too late by far too many.
6. Markets can remain illogical longer than you or I can remain solvent according to our good friend, Dr. A. Gary Shilling. Illogic often reigns and markets are enormously inefficient despite what the academics believe.
7. Sell markets that show the greatest weakness, and buy those that show the greatest strength. Metaphorically, when bearish, throw your rocks into the wettest paper sack, for they break most readily. In bull markets, we need to ride upon the strongest winds as they shall carry us higher than shall lesser ones.
8. Try to trade the first day of a gap, for gaps usually indicate violent new action. We have come to respect gaps in our nearly thirty years of watching markets; when they happen (especially in stocks) they are usually very important.
9. Trading runs in cycles: some good; most bad. Trade large and aggressively when trading well; trade small and modestly when trading poorly. In good times even errors are profitable; in bad times even the most well researched trades go awry. This is the nature of trading; accept it.
10. To trade successfully, think like a fundamentalist; trade like a technician. It is imperative that we understand the fundamentals driving a trade, but also that we understand the market’s technicals. When we do, then, and only then, can we or should we, trade. (more…)
John Bogle, founder of Vanguard, has died
Bogle founded Vanguard in 1975 and revolutionised low cost fund management, he has been called the father of the index fund.
- Dow Jones reporting Mr. Bogle has passed away
- Bogle was 89
- Vanguard has more than 5tln USD under management
Warren Buffet remarked on Bogle :
- says he is the person who has done the most for American investors
- he helped millions of investors realize far better returns on their savings than they otherwise would have earned
Bogle had a heart transplant back in 1996