What a week.
There are lots of statistics and factoids being tossed around this week.
Every one of them is pretty fascinating and each one lasts in the apses of my mind for about a second.
None of them are very important and none of them are worth remembering, because there is very little in life that isn’t transient.
Just when you think yu’ve seen the depths comes something lower and just when you think you have found paradise, somes a realization that it can then never get better.
But it does,
So the very old phrase “This too, shall pass,” has lots of meaning. Continue reading “A New Someday Began Today”
Perspective means so much.
On days like today things could have been much worse.
For me, as an option seller, it is always a case of balancing the fear of missing out (“FOMO”) with the need to have protection.
Sort of like balancing out missing the joys of fatherhood with fatherhood.
As long as we’re talking about me, my decisions are usually predicated on what I perceive as a simple mathematical truism.
I’d rather miss out on a 10% gain than have to gain 11% to make up for a 10% loss.
That may not really answer the question, but in the longer term, even as my perspective on what constitutes “long term” changes, I would rather miss out on some gains than have a deeper hole than a care to dig out from.
But also knowing that in the longer term the market goes higher, it typically is a question of just keeping your capital and your wits. Continue reading “It Could Have Been Worse”
About 5 or 6 years ago, I wrote an article called “What Would Cash Do?”
The photo to the left is the one time that the Seeking Alpha editors didn’t let me get my way.
I was reminded about it the other day when someone asked a question on a closed Facebook page about what artist do you hear and then remember what a badass he was?
For me, the answer was easy.
It was Johnny Cash.
But it also reminded me of what I’m up to right now in preparation for things to come. Continue reading “Cash”
After more than a decade of getting a serious level of excitement by simply making a trade, even if the net profit per share was a penny or two, I always knew that someday I wouldn’t be able to sustain the kind of maintenance that it took to keep on an eye on a portfolio.
Even worse, I knew that someday I wouldn’t have the kind of time and attention that it took to keep an eye on multiple portfolios, especially when those portfolios may have had different goals and tolerances for risk.
Like most people, I always looked at investing and investment philosophy as being on a continuum. Continue reading “LEAPS?”