@InvestingCanons The statement “Over the long term, it's better to buy stocks in small companies” stopped being broadly true after the early 1980s. Since then, large-cap stocks have dominated performance https://t.co/v2SedOjTFx
After I questioned Secretary Rubio on Code Pink and their ties to the CCP, their organization followed me out, berated me, and then their head person here in DC smacked me.
I will be filing charges.
The US stock market's nine-week winning streak is the longest since 2023. A 10th week of gains would be the longest since 1985, via @DRBCurtis@BloombergTV
The ethics complaint against Todd Blanche is the latest example of the left’s self-perpetuating lawfare machine. It is no accident that this hit job on Blanche called upon the New York courts and bar to deliver the coup de grâce. https://t.co/kkT9Z9HHa8
Milton Friedman: “Keep your eye on one thing and one thing only: how much government is spending, because that’s the true tax.”
“If you’re not paying for it in the form of explicit taxes, you’re paying for it indirectly in the form of inflation or borrowing.”
If a man with Platner’s background applied to be a teacher, they wouldn’t give him the job. He’s on an app that targets teens.
If he applied to be a cop, they wouldn’t give him the job. He’s not stable.
If he wanted a job with a security clearance, he would t get it. He’s a communist.
I guess he figures Congress is the only job he can get.
Don’t let him in.
A court has halted the plan to close the Center for renovations and ordered the removal of Trump's name. There are ample reasons why the Administration should appeal the decision and may soon be able to resume work on the Center, regardless of its name. https://t.co/kJhfTggzP2
For too long, our political class treated efficiency as a substitute for resilience and consumption as a measure of prosperity.
Trade policy, industrial capacity, and national security are inseparable. And to allow foreign dependencies to degrade any one of those domains is to allow them to define America’s future. Under @POTUS’ leadership, we are rebuilding domestic production to restore American sovereignty.
Peter Lynch:
“I frankly think it’s a tragedy in America that the small investor has been convinced by the media…that they don’t have a chance.
That the big institutions with all their computers, degrees, and money have all the edges. It just isn’t true at all.”
OAKTREE'S HOWARD MARKS JUST EXPLAINED WHY MOST INVESTORS SELL THEIR BIGGEST WINNERS TOO EARLY
He used Amazon as the example. The stock went from $90 in 1999 to $6 in 2001, down 93%.
If you were smart enough to buy it at $6, here's the question that will mess with your head:
"What about when it got to $60 and you made 10 times your money? Most people would sell."
"What about when it got to $600 and you made 100 times your money? Would you sell half? Would you sell 90%?"
At the time Marks wrote that memo, Amazon was $3,300.
If you sold at $600 when you were up 100x, you left 85% of the gains on the table.
Then he made his real point:
"Buffett invested for 70 years and says he made all his money on 12 ideas. Charlie Munger said he made all his money on 4 ideas."
"If you realize how scarce great compounders are, then the big mistake is getting off too soon."
🚨 OMG. Sec. Scott Bessent is taking NO BS from Dem Sen. Chris Van Hollen right now, he just WENT OFF
HOLLEN: You gave a windfall to very wealthy people who don't pay their taxes!!
BESSENT: "Senator, WHY would I do that? WHY would I do that? What is your theory of the case, Senator!? I am COMMITTED to collections."
HOLLEN first accused Bessent of blowing up IRS enforcement
BESSENT: "DEMOCRATS said that the filing system was going to be a DISASTER — but it's been a home run!"
"And what you are NITPICKING me on now is the difference between answering a call in 6 minutes and 9 minutes!"
"And sir, let me tell you the way the calls used to work, that the IRS under the Biden administration would answer the call in six minutes, and a taxpayer would be on hold for 20 or 30 minutes. Now when the taxpayer's call gets answered, they get serviced right away!"
Boom.