Listen to me —
You could invent immortality and live for the next thousand years, toiling in the market and truly perfecting your craft — endless hours by the Bloomberg terminal in a never ending quest to perfect the art of money management — and you’ll never be as good as me.
Babe Ruth wasn’t taught how to hit homeruns — he always had it in him from birth. Whilst some of you are excellent line cooks and street cleaners, I excel at money management.
This afternoon I issued an alert to sell Bitcoin, and I quote.
The Fly Today at 9:59 AM “I sold ($BITX) because we are right near it (record high). I bet many a retard intends to sell at 70k”
Throughout the balance of today’s session, I ebbed and flowed and then peered into the future and envisioned a rally towards the close. I cobbled together $700,000 and applied it long and closed the session +37bps in what can only be described as a ruinous session for many a bull. Looking once again into the future, removing the curtain between time and space, I see further gains and have positioned myself 70% long and 30% cash — with a portfolio beta of about 1.1x.
It would BEHOOVE you to believe we are about to be racked with losses when $SMCI and $NVDA refuse to budge. There is a great rally happening now and it has been happening since November. The idea of a full collapse, although intriguing and filled with promise, is pre-mature.
Good day.
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Jerome Powell is a clear, honest speaker. He admits his errors. Plaudits.