Quote of the Day - January 10, 2023
“It is fine to have the longest view in the room, as long as the thing at the end of the vista is a gigantic hill of money,” said John Lanchester of the New Yorker magazine.
Entries by Douglas Davenport
A Cow-Based Economics Lesson
SOCIALISM You have 2 cows. You give one to your neighbor. COMMUNISM You have 2 cows. The State takes both and gives you some watered-down milk. FASCISM You have 2 cows. The State takes both and sells you some milk at an inflated price. NAZISM You have 2 cows. The State takes both and sends
October 27, 2022
Hello everyone. Well, he’s finally done it! Musk now owns Twitter and has already set about the cleansing process by firing the CEO and other top executives. Apparently, he also has the intention of cleaning up the content of Twitter. Musk has updated his Twitter description to “Chief Twit.” Musk tells us the reason
October 20, 2022
Hello everyone, A very good day to you all First, let’s welcome our new members: Martha Ellis Kumar Dant Elizabeth Anthony Kayode Olagnuju Wf Mide Casey Riggs I hope I haven’t missed anybody out. This post will summarize John’s bi-weekly webinar, which was done yesterday. John called the webinar: Whiplash Market (and hasn’t it been
October 18, 2022
Hello everyone, I expect you are all doing brilliantly. I want you all to pack your bags and a swimsuit and head off for Hawaii in mid-February 2023. John will be having a luncheon in Hawaii on February 17 next year. Wouldn’t it be nice to spend a few days or even a week there
October 16, 2022
Hello everyone, Trust your weekend was relaxing or productive or whatever you wanted it to be. John titles his Monday newsletter: Blunder 3.0 In other words, when the Fed keeps interest rates too low for too long, then raises them too much too quickly, it then lowers them again too much, which whipsaws, or creates
October 13, 2022
Hello everyone, The CPI number is out – 0.4% inflation increase in September. An 8.2% increase in September relative to a year earlier. Food, energy, and housing costs all ticked higher. The Dow sank 500 points on the news and has since rallied 600 and then closed at 800 higher on a historic one-day turnaround.
October 11, 2022
Hello everyone, I hope life is treating you well wherever you are in the world. The market is still in a slugfest. Rallies are punctured by the bears now. It’s a waiting game until we find a market bottom. The market will see it before you do. Have you thrown your hands in the air
October 9th, 2022
Hello everyone, I hope your weekend was full of joy and adventure – even if that joy/adventure involved propping yourself up on the sofa and watching your favourite movie. Volatility will still be with us for a while. It has really been a roller-coaster, hasn’t it? This week the September Consumer Price Index is out
October 6, 2022
Hello everyone, First, let’s welcome Sabelo Mthembu and Mia Lily to the group. This post will be a summary of John’s most recent webinar – on October 5th. Titled: Betting the Ranch John is up +70.18% YTD in 2022 He is up 9.72% in September. An annualized return of 45.36% for 14 years. 80.09% trailing