iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,474 Blog Posts

Very Bullish, but Reticent of Earnings Gambles

Very Bullish, but Reticent of Earnings Gambles

Let this be the one millionth reminder since I’ve started blogging here in 2007: if you’re playing earnings you better have an edge, such as insider information that can land you in prison, otherwise you’re not really investing but gambling. If you know anything about gambling, the house always wins. Statistically you’re guaranteed to lose money, providing you stay inside the casino long enough. Many of you retards cope with statements, such as “I lost what I could afford” or “I had a good time.”

Really?

Is that the measurement you want to be placed against, whether or not you had money to lose and did or enjoyed losing money because it was fun? How about you fucking win and make money, and build wealth and pass it down to future generations so they can have a jump-start on life, do important and meaningful things while young and not have to wait until they grinded their way into money by 50?

Some of you think selfishly, which is why you make errors. You are not in a fucking casino and the object isn’t to have fun. As a point in fact, if your overall life’s goal is to have fun, you should be prepared for disappointment. Leading a hedonist and vacuous existence will never fulfill you and eventually the parties get old and the champagne stale. What is evergreen is leaving behind a legacy built brick by brick and securing a family that is both happy and financially stable.

We are lucky enough having been born in America, provided with ample opportunities to ride the coattails of what seems like the very peak of western society, as far as cultural dominance is concerned. We cannot predict too far ahead into the future and anyone who says “all is lost” is merely projecting his own weaknesses and insecurities onto others, largely an internal conflict dealing with mortality.

As black pilled as I might appear, and I’ve said this here before many times, I am bullish on humanity and believe all of the problems we have now can be fixed. These are small issues logistically, but much larger on a spiritually level.

I’m getting way ahead of myself for a finance blogger. I am bullish into tomorrow, 100% long, made +117bps for the session and I appear to have my swimming legs back.

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