Full text book online: E.M. Forster, “The Machine Stops” The story was written in 1909. Required reading for the Internet age.
readS&P 500 Price-to-Earnings ratio is climbing as more 2nd quarter earnings results are being announced. Click to enlarge
readI’m testing Twitter on my site. It seems like a slightly faster way to post the trade updates than the Portfolio page on the blog.
readSuccessful investing requires consistently buying stocks that do not reflect the value of the underlying company and then selling them when they do. Sounds simple
readThis is a re-post of an active commenter from The Big Picture blog. “I believe there is serious misconception about what is occuring and what
readWhen life gives you lemons, throw them at people!!! Or when the market gives you uncertainty, short the hell out of it. So I have
readIn the past, industries whose profitability rose 12 months following the rise in the US dollar were: pharmaceuticals food products insurance household products commercial banks
readJust one trade today: shorted [[PWE]]. So I’m long PWT.UN.TO which is the Toronto version of the stock, and short the same stock on NYSE.
read“The only way you get a real education in the market is to invest cash, track your trade, and study your mistakes.” Author after the
readSilver spot price is down about $2 overnight (about 15%), while gold is down about $16 or 2%. The rumor has it that some hedge
readThe market may be bad, but I slept like a baby last night. I woke up every hour and cried. A long term investment is
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