Joel. Thanks for your note. I love that the new business doesn't have so many mouths to feed, keeping your fees where a regular, but motivated, investor has a chance at good analysis. Over a period of several recent years I dropped over $3,000 on subscriptions, none of which increased my success. I've been following you guys in Bill's stable for quite a few years. This rapid fire transformation of the market fundamentals makes it essential to have the macro story, as well as direct advice from Tom on specific stocks. I went all in on his recommendations, buying 9 or 10 of em. Nodding to the likelihood of further major drops and very selected stocks, I drew only 10% of my liquid investible cash leaving 90% of my powder dry I've been into the precious metals for some years and holding. I suspect margin calls will keep it about where it is until the toilet is flushed. I'm watching the mid-term elections, thinking the Senate holdouts on national cannabus relaxation. Tom's California pick a few weeks looks very well positioned if and when that happens.
Wonderful summation of how this collapse is progressing .. but as they say "you ain't seen nothin yet" .. so let the party begin and lets get it on for the race to the bottom means at some stage a real chance to climb back up out of these deep dark times!
So, what IS fair market value? For me it is the P/E ratio, a ratio of actual (not projected) earnings. For a rational investment I think the ratio should be under 10, between 7 and 10. If I'm buying with debased currency, what is the effect? Well it seems to me that a debased currency affects the business model and profits and should track. If correct I'm sticking with 7 to 10 and until there everything is too expensive.
Joel. Thanks for your note. I love that the new business doesn't have so many mouths to feed, keeping your fees where a regular, but motivated, investor has a chance at good analysis. Over a period of several recent years I dropped over $3,000 on subscriptions, none of which increased my success. I've been following you guys in Bill's stable for quite a few years. This rapid fire transformation of the market fundamentals makes it essential to have the macro story, as well as direct advice from Tom on specific stocks. I went all in on his recommendations, buying 9 or 10 of em. Nodding to the likelihood of further major drops and very selected stocks, I drew only 10% of my liquid investible cash leaving 90% of my powder dry I've been into the precious metals for some years and holding. I suspect margin calls will keep it about where it is until the toilet is flushed. I'm watching the mid-term elections, thinking the Senate holdouts on national cannabus relaxation. Tom's California pick a few weeks looks very well positioned if and when that happens.
Joel, can you update us on the Argentina negotiations with the IMF and what the implications for Argentina investments?
Wonderful summation of how this collapse is progressing .. but as they say "you ain't seen nothin yet" .. so let the party begin and lets get it on for the race to the bottom means at some stage a real chance to climb back up out of these deep dark times!
Good. It is time for a correction.
Nice resume and data... ready for tomorrow sunday sesh or sobremesa to ear about ... buen finde... happy weekend ! 👍🏻
So, what IS fair market value? For me it is the P/E ratio, a ratio of actual (not projected) earnings. For a rational investment I think the ratio should be under 10, between 7 and 10. If I'm buying with debased currency, what is the effect? Well it seems to me that a debased currency affects the business model and profits and should track. If correct I'm sticking with 7 to 10 and until there everything is too expensive.