A Game of Them

I always made one prayer to God, a very short one. Here it is: “O Lord, make our enemies quite

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  1. It seems to me that an individual investor can use “time horizon arbitrage” whilst a professional (who gets measured annually) has a much more difficult time doing it.
    Neither is easy as emotions are a part of the human psychological make-up, but pros face career risk to use that long term useful strategy.
    BTW, the Federal Reserve (and all the Central Banks) clearly recognized the time-constraint that PM’s face when they designed their market manipulation strategies of QE, Portfolio Theory, communication strategies, etc.
    Probably a key factor in how they’ve created their Narrative as such a powerful force in markets.
    Perhaps (and hopefully) to their chagrin and doom in coming years as free markets eventually win out.

  2. (Thanks for the quote! Now I understand why NNT blocked me on Tw when I said he was the sillyest.)
    Cheers and Happy 2019!

  3. There has to be a middle ground between being a Cynic and a Fool, some way of playing the game without losing one’s soul. Recognizing that all of us human animals, including me and including you, are playing multiple multi-level games … well, that seems like a good start to me. The Truths in life are still death and taxes (and maybe compounding returns). Everything else is theatre, where honesty (with a small h) and truth (with a small t) are probably the best we can achieve. And that’s not so bad. --Ben Hunt

    Seeing missionaries on TV doesn’t mean they are an expert but a “Performer” … end-of-story.

    Trying my best not to post much until I read the entire archive of Ben and Rusty,up to 2015 on Ben, once finished, I will start with Rusty…Take Care all, always a Skeptic and Optimist!

  4. The OAC photo in the header is a fantastic grab! I didn’t quite get the reference at first You must have spent some effort capturing that look - who is the ridiculous one? Us or them (her) - amazing

  5. Avatar for rguinn rguinn says:

    Hah - there were a couple to choose from!

  6. Avatar for rguinn rguinn says:

    You have quite the task ahead of you! The content library is presently the rough equivalent of War and Peace.

  7. Avatar for rguinn rguinn says:

    I think there’s probably some truth in that. Individual investors really do have a lot of underrated advantages. I still favor a professional adviser for just about everyone, just to help manage behaviors, but point remains.

  8. Avatar for rguinn rguinn says:

    And I’m not sure one can ever truly know why NNT blocked them. Somehow I’ve managed the block hammer, although Ben has been in the penalty box for a couple years now.

  9. Up to 14 pages of notes and to 2018…the most interesting is def the first year and currently the last year to the present! Very interesting to see the cycle/rhythms/sentiment of thought and conversation…will be done with Ben today and start Rusty in am…its the only way to get the full appreciation and understanding! Thank You. My notes will be used for future reinforcement of the ideas as I compare to my future fuckups…pardon my french! It’s all learning…

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