Deep In Debt
Mr. bippyskippy:
In reading your various comments and observations in this thread, I pick up a sense of wariness (maybe even foreboding?) concerning the economy in general and equities markets in particular. I wonder if issues raised in this Fortune magazine article
http://fortune.com/2018/03/15/us-nat...rump-tax-cuts/
are factors (or the major factor) triggering your sense of unease?
A quick comment on an unrelated issue ... In an earlier reply you mentioned that one of your hobbies is playing speed chess and how this skill helped to develop your intuition for playing the markets. I played chess as a teenager. As I gradually (slowly) improved my game, my head began swelling far in excess of my actual abilities. My overinflated ego was crushed the first time I played versus a grandmaster in a simultaneous exhibition. I actually believed, going in, that I would make the GM sweat ... Alas, he crushed me on the 12th move. I didn't feel like that again, (i.e. a sense of total shock and disbelief), until years later when I lost my first really big pot at a poker table.
Later in life I became a software developer specializing in relational database technology. Over time I came to realize that the same dynamic applies regardless of your field of study or chosen profession: A small minority of practitioners, (easily less than 10 percent of the total), do 90 percent of the really significant work. Like the GMs at chess, superior talent is a rare commodity.
Last edited by Former DJ; 04-08-2018 at 12:29 AM.