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Sifting thru Markets, Riding the 〰️Elliot〰️ Wave

[Compounding Quality @QCompounding]

Principles for Dealing with the Changing World Order by Ray Dalio

Here are my 10 key takeaways:

1. Radical Truth and Transparency

- Encourage open and honest communication.
- Create a culture where people are comfortable sharing their thoughts and concerns.

2. Embrace Reality and Deal with It

- Face harsh realities and challenges head-on.
- Don't let ego or wishful thinking cloud your judgment.

3. Use the 5-Step Process to Achieve Goals

- Set clear goals.
- Identify and solve problems systematically.
- Design a plan to achieve your objectives.
- Execute your plan.
- Reflect on your outcomes and learn from them.

4. Understand the Power of "Radical Open-Mindedness"

- Be open to other people's ideas and feedback.
- Continuously seek to learn and evolve.

5. Recognize the Two "You's"

- Understand that your "higher-level you" has better judgment than your "lower-level you."
- Don't let emotions or short-term thinking dominate your decisions.

6. Learn from Mistakes

- Embrace failures as opportunities for learning and growth.
- Encourage a culture of thoughtful analysis of mistakes.

7. Foster a Culture of Meritocracy

- Promote and reward people based on their abilities and contributions.
- Eliminate bias and favoritism in decision-making.

8. Create a "Believability-Weighted Decision-Making" System

- Solicit input from knowledgeable individuals and assign weight to their opinions based on their credibility.
- Make decisions based on the collective wisdom of your team.

9. Be Pragmatic

- Be flexible and willing to adapt your approach as circumstances change.
- Don't stick to a failing plan out of stubbornness.

10. Trust but Verify

- While it's important to trust people, verify information and performance to ensure accountability.
- Balance trust with a system of checks and balances.

[Lane @LanesWRLD_]

This 5min setup was so sick I almost wanted to buy it $SPY

[The Kobeissi Letter @KobeissiLetter]

BREAKING: Average interest rate on a 30-year mortgage rises to 7.75%, the highest since November 2000.

This officially more than a whole percentage point above the 2008 highs.

Mortgage rates are now up 500 basis points in just over 3 years.

The payment on a $500,000 mortgage has gone from $2,000/month to $3,600/month.

That’s an 80% increase not including taxes and insurance.

How can this end well?

[MARKET INSIGHTS! @IManghaila]

Bearish gartley harmonic pattern.

[Daniel Mahncke @MnkeDaniel]

Listen to Jeff Bezos talking about business!

He would've been an outstanding investor.

He's the personalization of Buffett's principle: Think like an owner.

[Wall Street Apes @WallStreetApes]

In America Someone ALWAYS Knows What’s About To Happen & Is Ready To Profit. These Stories Get Reported & Then Disappear From The News Permanently
‌
Insider Trading Before 9/11, It Was An Inside Job
‌
“Federal officials have begun a major investigation into whether someone or many people benefited financially from the evil guns of the country last Tuesday. Not long before the attacks occurred, there were some financial transactions in the stock market that may indicate knowledge of the attack before it began.
‌
This could very well be insider trading at the worst, most horrific, most evil use you've ever seen in your entire life. The Thursday before the attack, more than 2,000 contracts betting that the stock would go down were purchased, 90 times more in one day than in three weeks. When the markets reopened, United's stock dropped, the price of the contracts soared, and someone may have made a lot of money fast.
‌
$180,000 turns into $2.4 million when that plane hits the World Trade Center. It's almost the same story with American Airlines. That's a five-fold increase in the value of what was a $337,000 trade on Monday. All of a sudden becomes what? $1.8 million. An extraordinarily high number of bets against Morgan Stanley and Martian McLennan, two of the World Trade Center's biggest tenants.
‌
Could this be a coincidence? This would be one of the most extraordinary coincidences in the history of mankind if it was a coincidence. Patience here though, the secretary of the treasury said today of this investigation you gotta go through 10 veils before you get to the real source.”

September 11th / 9/11
#911Anniversary #911NeverForget #911Truth #911Memorial #911Remembrance #NeverForget

[Nathan Baugh @nathanbaugh27]

4. Frank Herbert, Dune

[Daniel Mahncke @MnkeDaniel]

Warren Buffett's legendary speech at the University of Georgia.

This speech is a great piece on business and investing.

But I specifically enjoy it for Buffett's humor and life lessons.

Here are some of my favorite points:

1. Don't work for your Resume - Work for someone you admire. Not to upgrade your resume.

Working jobs that you hate first sounds to Buffett like:
"Saving up sex for when you're old."

Focus on learning on the job!

2. Qualities to focus on in Life - Buffett's Thought Experiment:

Look around in your classroom, which classmate would you choose when you could keep 10% of his earnings for the rest of your life?

Also, think about the inversion of this scenario:

Who would you sell short?

The characteristics that you focus on when answering these questions are the ones you should focus on in your own life.

3. The Best Compounders are Stable Companies -
"The internet won't change how you chew gum."

Buffett's biggest successes come from companies that aren't disruptable.

Industries that are subject to disruption are a bad spot to look for long-term investments.

4. Go Short Horses, Not Long Cars - Investing is not about spotting the disruptors.

In most cases, it's obvious when a life-changing product comes up.

The question is, who profits from that change?

It was a matter of time before cars replaced horses.
But out of hundreds of car companies, only a handful actually succeeded.

The same happened in the airline industry.

5. Managing your Circle of Competence - According to Buffett, the key to successful investing is to manage your circle of competence.

It's not how big that circle is.

More important is that you know your boundaries and always stay within them.

6. The Birds in the Bush - "A bird in the hand is worth two in the bush."

However, an investor should also ask:
1. How many birds are in the bush?
2. When will they come out?
3. How sure am I?

Investing is all about answering these questions.

What investing lecture/speech/video can you recommend to me?

If you enjoyed this tweet, please Retweet and Like it!

[The Culturist @the_culturist_]

7. "Man Controlling Trade" - sculpture by Michael Lantz, Washington, D.C. (1942)

[Dividend Growth Investor @DividendGrowth]

Buffett understands the concept of opportunity cost perfectly:

"In Omaha, I rented a house at 5202 Underwood for $175 a month. I told my wife, “I’d be glad to buy a house, but that’s like a carpenter selling his toolkit.” I didn’t want to use up my capital."

4/

[〰 @RideeTheeWavee]

🫧

[Mike Webster @mwebster1971]

This is a BIG one…

I just found Bill’s prototype Model Book (I’m glad I’m a pack 🐀)

I thought all y’all might enjoy

Create a routine👇😉🤠🤘

[Meet Shah @MeetshahV]

Boys are losing 10% a year to inflation. Men are losing 50% a month to stock market. Legends are losing 80% a week to cash burning startups. Ultra legends are losing 99% a day to cryptocurrency. This is the new economy.

[Sahil Bloom @SahilBloom]

Wealth is about more than money.

There are 5 types of wealth:
• Financial
• Social
• Physical
• Mental
• Time

But if you're not careful, the blind pursuit of financial wealth can rob you of the others.

Let’s walk through each to form a more comprehensive view of wealth:

[Álvaro Oviedo @alvoviedo]

$spx today vs 2008

[Autism Capital 🧩 @AutismCapital]

Coinbase completely done for. Cooked. Toast. It’s over. Requiring full name, purpose, and physical addresses for withdrawals. Every wallet will be DOXXED. Complete surveillance. Yikes.

[Anna Brose, MSc @alcesanna]

I contacted @Chewy last week to see if I could return an unopened bag of my dog’s food after he died. They 1) gave me a full refund, 2) told me to donate the food to the shelter, and 3) had flowers delivered today with the gift note signed by the person I talked to?? 😭🥹

[Ali Wolf @AliWolfEcon]

If someone could afford the monthly payment of a $450,000 home at a 3% interest rate, the equivalent payment at a 6% interest rate is for a $316,000 home.

[Braden Dennis 📊 @BradoCapital]

One of the best, and most savage writings from Buffett.

[Ian Cassel @iancassel]

If you want a stock you own to go down, mention it to a friend or family member 😂