All of you are liars, in one form or another. You might tell tales about your athletic years, wear clothing that masks your imperfections, or perhaps cheat on your wives because of your itsy bitsy brain. There is nothing that I loathe more than base instincts, especially when it’s coupled with ignorance. I am not a puritan and have lied myself, when the occasion called for it. But, generally speaking, I tell the truth because I am confident with who I am.
It takes a fundamental maturity to understand that our time is fleeting and it’s meaningless to aspire to a charlatan. True charlatans will take issue with that comment because of their skeptic driven insecurities, so be it.
Now some of you will never be happy with who you are. You might think it’s about the money, the weight, or the predicament you happen to be in; but the truth of the matter is you’re in a state of wanting. The raw data points to consumerism and it’s as old as time. People covet thy neighbors car, house and wives–like greedy little bastards stealing champagne bottles in the midst of a race driven riot.
We want to achieve success, don’t we? When I was starting out as a broker, I thought success was doing more than $10,000 per month in commissions. It was all the money in the world to me. I remember being able to take my wife and son to a greek diner, feeling grateful that I could afford anything on the value-driven menu. Today I view that as a practical joke. My food bills exceed 5k per month and I am not fat.
How does this pertain to investing?
People are greedy hogs. We’re getting better, compared to previous generations; but we’re still hogs.
This fucking market is going up because of greed. There’s nothing so spectacular about the fundamentals, especially earnings. Every time I look, some company is getting blown out because of their earnings shortfall. The one, singular, thing you can rely on is greed, both on the upside and the downside. There is a constant ebb and flow, a quiet orchestra of emotions playing in the background of the market, performed by a bunch of Eddie Barzoons.
People ask me “Fly, you’re a smart guy, why are you always bullish with all of the problems in the world?” My short answer is that I am a servant to fashion and right now it’s fashionable to be long stocks. I’m never interested in the low probability, black swan, trade–because that’s like trying to catch a comet by its tail.
As novice investors, persons of insignificant interest, you should be focused solely on what the people on this website are saying: nothing more or less. The fastest route to success is to emulate those who have paved that road before you.
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S&P earnings were projected to come in at +6% yoy and instead came in at +10%.
Skewed by mega cap
That’s fine b/c I’m long 3x QQQ’s (TQQQ) at this stage of this bull mkt.
you da man fly
Nasdaq will eventually retest Mar. 2000 highs of 5048, 5132 (intraday).
Fly, in your experience, what’s fair in terms of a split on commission between the broker and brokerage? I’ll be starting in the business in a week or so, and will receive a 50-50 split at first, and work up to 70-30 as I generate more business. Will be brokering [physical] refined oil products, and energy derivatives.
You wear your weave Well fly
That is the weave from darwin frailty to the brokers ladder to neighbor covet you just told
Taking nothing away from that, I just believe this (us currently) is us wishing and longing for the true time of greed, bull markets, and unabashed prosperity, 80s 90s. It’s the football star thinking he still has the arm. It is “faking” what was “there before”. The bull market will adjust to that Fact, eventually
Starting out 50% is a gift
Always a fan of art. Stay true, keep command of those keys, so long as your heart beats.
Damn anyone else see lean hogs today?
CSIQ is soooo much better than TSL. Proof is in the earnings.
Banned
If you ban me one more time I will never come back here and grace you all with my stock picking expertise. I told you lemmings to buy CSIQ. Up +20%!
*drops mic*
*picks up mic stand and tosses it through a TSL solar panel”
Gimme a free subscription to the PPT and I’ll stay – deal?
BANNED
well crap, retail sales missed expectations that’s like the most important part of the economy
not sure you should ask novices to follow you blindly, even if tongue in cheek. but i suppose success breeds success – even if like a Mary Poppins story. How about Candy Crush. Man I cannot believe I never shorted that joke of a ticker. 🙂 Was at the top of my short list. Although MBLY IPOed high, I’ve taken to buying dips and selling rips. working so far. I’d actually like it to drop to a decent level as this ticker is for real and will be a major player. perhaps a buyout. but i’m not sure it will drop below 30 in the near future barring geopolitical fallout for the whole market. so i’ll just day trade it for now.
candy crushed
Every time you show a bit of humility you go about and say things like, “I spend 5K a month on my food bill (no booze?).” Exhibitionists deserve the very worst fortune in my opinion. Act like you have been there before.
well you’ve got to take things in the context that he is often writing a humor piece and speaking tongue in cheek. I did it for 5 years on stockpickrs and for some reason certain individuals couldn’t understand humor and were constantly horrified.
I understand the analogy he was making, but it was still in poor taste.
Ah, but it wasn’t in poor taste and I wasn’t bragging. 5k is not a lot of money for a big family, one that entertains. Stop thinking with your own pharmacy pocket.
you keep making comments about cheating on wife….something you trying to confess?
Fly, how much are you down this year?? current calculations have your ytd performance at -24.3%
5k on food in a month seems impossible unless it includes caviar and fine wine. What are the top 5 most expensive food purchases in a month?
You people are all hot dog eaters.
Brazil is fuck ing me
Prime dry aged ribeyes
Desire is the root of all suffering. Zen.