Charlie Munger's secret to a long & happy life:
"simple... you don't have a lot of envy, don't have resentment, don't overspend your income, stay cheerful in spite of your troubles..."
Warren Buffett: “The most important thing in investments is not having a high IQ…The most important thing is realism and discipline.”
“You don’t need to be extraordinarily bright to do well in investments if you are realistic and disciplined.”
Tomorrow, Elon will become the world’s first trillionaire. On paper of course.
That number looks like this: $1,000,000,000,000.
Elon is currently 54 years old. Assuming he will be a centenarian, or someone who lives to 100, and assuming his $1T never grows a penny more after tomorrow (ha ya right), he will need to spend $21.74B a year until death to draw the $1T down to $0.
Or $59.56M a day.
Or $2.481M an hr.
Or $41,360 a minute.
Imagine that…
🚨 BLOODBATH IN ASIAN MARKETS.
Over $1 trillion has been wiped out across Asian stock markets today.
• KOSPI: -357 trillion won
• Nikkei: -21 trillion yen
• Shanghai: -0.83 trillion yuan
• Shenzhen: -1.36 trillion yuan
• Hang Seng: -0.44 trillion HKD
• Taiwan: -1.63 trillion TWD
South Korea, China and Japan are leading the crash.
🚨 ASIAN MARKETS ARE BLEEDING.
Around $1.5 TRILLION was wiped out from Asian stocks today.
🇯🇵 Japan: ¥61.6T erased
🇰🇷 South Korea: ₩556T wiped out
🇹🇼 Taiwan: NT$7.4T gone
🇨🇳 China: ¥2.1T+ erased
🇭🇰 Hong Kong: HK$848B wiped out
🇮🇳 India: ₹4T erased.
Almost every major Asian market is crashing.
🚨 BREAKING: ABSOLUTE BLOODBATH!!
OVER ₩400,000,000,000,000 HAS BEEN WIPED OUT FROM THE KOREAN STOCK MARKET IN JUST 30 MINUTES!
SOUTH KOREA HAS HALTED TRADING IN A DESPERATE ATTEMPT TO STOP THE COLLAPSE.
THIS IS NOT LOOKING GOOD FOR THE MARKETS...
SpaceX welder to become millionaire thanks to company stock — WSJ
Juan Hernandez joined SpaceX as a welder earning $28 an hour and received $10,000 worth of company stock
As SpaceX heads toward its IPO, the shares he held onto are now worth nearly $1 million
"One of the more popular equity trading strategies — buying stocks that are already going up — is producing its best returns in decades," per Bloomberg.
For people who are worried about the market today, I get it. This stuff is very stressful.
So I put together a chart of all of the times the VIX (the "fear index" of the market) was up over 30% in a day (like today) in the past ten years.
23 out of 25 instances the market was higher one month later. The only two times it wasn't was Feb 2020 when Covid hit the economy in March 2020.
What is the underlying message? When people are afraid, they make bad decisions. Do the opposite.
Attached is a chart summarizing my results.
This rule has proven success, & will guarantee your portfolio to outperform the S&P 500 year after year…
Buy stocks when $VIX is $30.
Buy even more stocks when $VIX is above $45+
Sell stocks when $VIX is $14.
& simply repeat the cycle!