“Travel is fatal to prejuidce, bigotry, and narrow-mindedness, and many of our people need it sorely on these accounts. Broad, wholesome, charitable views of men and things cannot be acquired by vegetating in one little corner of the earth all one's lifetime.” Mark Twain
@MebFaber And going broke is a lot like dying. You just have to be that way for about 5 minutes and then you don't get to keep playing the game. Imagine what kind of return an 80/20 portfolio would have during the Great Depression. Here's the chart to help:
@MebFaber This chart is a great reminder why diversification, among all asset classes (as well as countries), is the bedrock principle of successful #investing. Thanks @MebFaber for sharing it.
@elonmusk @TheRealShifo But remember @elonmusk , crypto is fiat too. The true battle is all fiat (crypto and sovereign backed) against real assets (that have real utility).
@MebFaber and I had a lot of fun visiting on his podcast about #investing. Meb’s family even has some farm land not far from my home in Canadian, Texas. Thanks, Meb, for having me on your show!
Markets going a little batty, so step away from the terminal and listen to someone who has been doing it for a lot longer than you...all the way from Canadian, Texas!
Today we have @salemabraham join for one my favorite podcasts ever....enjoy!
https://t.co/CgXm0DdjqW
Gov Abbott,
We can’t keep #Covid19 corralled when we take down fences. Our cases and deaths in Texas will rise as we stop social distancing. Let’s be careful to not start a stampede.
COVID-19 testing like this continues to ramp up across the state.
We will continue to corral the #coronavirus...
...as we open up business in Texas.
#txlege#COVID19
https://t.co/XLac286gp6
If we "flatten the curve" the #coronavirus#covid19 will last longer. Here is another way to beat it: We need 90% of the population to be immune to have "herd immunity". Worldwide, 9% of the population is over 65 years old. The flu has a death rate of 0.1%.
I need to make a correction. Based off an MIT article, for #coronavirus#covid19 we need to get to 50% "herd immunity" to protect the population. This, of course, is much easier to reach than the 90% number I posted. Sorry for the mistake. I'm trying to get smarter.
Think about it... And stay safe out there. We will get through this by working together and being smart. We have bigger brains than #coronavirus#covid19. We can use our brains to beat it! 🧠🦸♂️🧠🦸
The healthy and young could protect the elderly and compromised by getting the disease and then building a planned herd immunity. Right now, we are building haphazard herd immunity and it will drag out. Kinda crazy for sure, but we are in crazy times.
If everyone, worldwide, went into isolation for 45 days then whoever had #coronovirus#covid19 would either recover or die and whoever doesn't have it wouldn't get it. In 45 days we would be disease free. I know it is probably an impossible recipe, but it would work.