It’s raining gold right now in the market. The VIX hit 65 earlier. Haven’t seen it that high since those “limit down” days in 2020.
Don’t know how long it will last either so I bought something in case this is the bottom. If not then more cash will be deployed but that’s enough for today.
Never ran RICH or NR but HOM works good for me at times like this.
Cheers 
As far as I know it is the problem with the USD JPY carry trade that a lot of people got caught in and with Japan raising interest rates and US soon lowering them people weren’t prepared, so a lot of liquidation needed to happen. But I am not fully sure that is number one reason since also US recession is predicted due to Sahm Rule (only back checked since it’s from 2019) and also war in Middle East uncertainty.
Hopefully it will go sideways or up until October.
Holy whatever!
What a ride. Yesterday peak drawdown of the day was nearly 15%, ending with less than 5% drawdown. Today up 10% pre US market, not sure it will hold but the direction is nice.
Why does it matter? Having the mentality to go through those times of pain without using the sell button makes a big difference, especially when you can increase some positions at a bargain price. Didn’t have that mentality before I started with subclub subs but now I have. Not sure how much is directly by the subs but I am grateful nonetheless. Makes a big difference in my life.
As I expected the pain just lasted less than 48 hours, will pay attention to this weeks loop if I get again a response from my body to the sub.
And @James i still find it fascinating to experience that, even though it is audio instructions to the brain that I cannot understand with my conscious, it still has an affect. No need to understand why for me, I just continue and am happy to have and know about this unfair advantage to the non-sub people.
Reflecting on the past week, what happened in the financial markets, how I acted and how I could have made more rational choices.
It wasn’t totally bad, but not every decision was accompanied by luck. Maybe for every speculative trade I should pick two outcomes, how to early find out in which direction it seems to develop and what my plan B might be.
Just like the last time with the Legacy of the Spartan I feel my left knee which I hurt a while ago. Only directly on the day after the loop my knee starts to hurt possibly due to higher blood flow through the hurt area.
As long as I invest will I invest the majority of my money in the leading stock market of the world. Well, actually not the whole market but the companies which are the fastest horses, the companies which disrupt industries, take the whole market and are within my core values.
Warren Buffet once betted against some of the best hedgefond managers who could make a bigger gain over some period. Them with their sophisticated fonds, or he, who just betted on the American stock market (I don’t know which exactly)?
Guess who won.
It wasn’t even close.
This thread inspired me to run a single (full 15 min) loop per sub per week.
Works great so far. Beginning of weekend are the relevant loops and the recon is over before the week starts, but also I don’t feel much recon since I am not getting overloaded.
Had a conversation with my boss today and the questions i didn’t like I just played back to my boss in a different kind of way. I was in control of the conversation. Probably the custom of GLM-The Commander with the Executive working here.
Interesting thing about Warren Buffet is, the way he invests now didn’t bring him to where he is at now.
He didn’t just get rich with his own money, he invested other people’s money and charged them for it
He bought stocks way undervalued and rode them up (as far as I know it wasn’t fully diversified)
When the company got bigger they had to change the investment style. Some stuff only works for smaller amounts but if you put billions into a stock you move the stock…
He is great, especially over the decades he outperformed the market, but he still missed out on amazing opportunities because he didn’t understand them.
So I see him as an inspiration and a legend but not my role model. Not sure he would have the same success if he started now.
@Kyuss thanks for the shoutout but it’s good to mention that the thread is outdated AF! nowadays we have NSE which is like a trump card that will not only flip the tables but will also shoot the other player ( 5 bucks for anyone who catches the reference " not to mention SC created an official 30 day fully comprehensive tutorial guide which covers everything.
If i had to say, most of the general tips are still valid but the choice of starter subs recommendation is far inferior to what many other great minds here could suggest. We came very very far
Well, you made a very inspirational post with own experiences. The subs changed over time but the underlying concept of your thought process is still valid.
Time for reflecting on my direction:
investing/trading is profitable (every idiot looks like a genius in a bull market) and it is my obsession (more than passion), colleagues and friends are not on that same level which is partly hurting my growth for the future, nobody to discuss the market with who has a similar knowledge in depth…
Rant: funny how all the people want to get rich and work their a$$ off to try to get rich while increasing their monthly cost and never reaching more than 3-6 months of saving away from being broke or in trouble. Some seem to be interested in the stock market but then it looks more like uneducated gambling with 1k to see if they can get a quick dopamine hit or not. No dedication, their hard earned and saved money dies the slow death of inflation… years of their lives given for a profit to the banks… we live in a capitalist environment, let your money work for yourself, everyone can start, the earlier the better…
my working life is stabilizing but at the moment it doesn’t look like happiness for the next 10 years. I am developing towards my next role, I like my team and the company in total. My current custom with GLM-Commander and Executive as cores seem to fit this situation well, this one is a keeper
health wise I could be better. I am not completely bad, just a bit overweight. Was running through some minor health issues which are far from serious but it is funny that nearly every small health issue can become the stone in the shoe that hurts with every step. It is nothing big but removing it will give a lot of value back to the life…
I am reevaluating which subs make sense for the future, what is needed to bring me to the next level?
Will come back on this.
DRR and DRG seem to be the wrong options for me this year.
Buffet charged 25% on anything over the first 6% which is rather different from todays 2 and 20.
Under valued stocks were more plentiful and he had much less competition.
Obviously. We currently have circa $200bn cash.
One of the best. However if you can’t understand it, then you can’t really claim to have missed out, can you.
I disagree, he has a number of attributes outside of money that are worthy of emulation. So did Munger.
What do you exactly disagree on?
Being an inspiration and a legend are somewhat meaningless and insipid that don’t actually lead anywhere to improve ones own life.
A great many men could learn a great deal OTOH by using him as a role model because you can actually learn HOW and WHY to be better.
However, the media circus around him tends to only focus on the inspiration and legend bit, one actually has to dig deeper and think for the role model stuff.
Well the point I am not understanding is:
You disagree that I don’t see him as my role model but still as legend and inspiration.
I would completely understand if you don’t share my perspective or opinion but disagreeing on how I describe my perspective seems a bit off, that is why I was asking.
What is for you a role model? (More the definition, not examples)
Ah.
A role model is someone you can actually model, ie copy.
You can’t copy a legend or an inspiration.
I am commenting that our opinions on this matter differ not that you are misdescribing your own opinion.
Also bear in mind I am talking about his personal qualities here.
HTH.
He definitely had more qualities than just his financial success and for some he might be a role model, but I don’t want to model him, but I still see his contribution to the investment world and I like getting his perspective (man, the punchlines from Munger are unbeatable from their shareholder meetings).
If I could create my own role model it would be someone who is a confident multi millionaire but doesn’t show off at all. Has a good style, a healthy lifestyle, connects with people and cares about providing value if needed and just living the moment.
It would be nice to be able to connect in dreams or imaginary world with that role model and have conversations or mentoring sessions.
Probably the upgrade of Minds Eye is needed 