As a guy who works in tech, is building with AI, and writes a weekly newsletter on the topic, I can't explain as well as Ben Affleck.
How is that possible?
WHY YOU’RE GOING TO LOSE MONEY ON STOCKS THIS DECADE!
Legendary investor Howard Marks puts it bluntly:
“When you buy the S&P 500 at a 23x P/E, your 10-yr annualized return has always fallen between +2% and –2%, IN EVERY CASE, EVERY CASE.”
Today the market sits at a 25x P/E. Add inflation… and your “returns” are negative.
So what’s Marks doing? Buying bonds!
During the 2000–2002 crash:
- Long-term Treasuries: +40–45%
- NASDAQ: –78%
History doesn’t repeat perfectly, but it rhymes.
We might only be in the first inning of the next pullback.
I’m already reallocating heavily into long-term bond ETFs like $TLT and $ZFL.TO, and I think they’ll outperform for years.
Gary Brecka explains to Dr. Drew the one thing all regions with large numbers of people living past 100 have in common.
“If you look at the blue zones, there’s no continuity between diet.”
“You go from high carbohydrate diets in Sardinia with extended life expectancies to very high meat consumption in Singapore with extended life expectancies, to very high fatty fish and oil consumption in the Mediterranean with very long life expectancies.”
CHAMATH: “160,000 people watch Jimmy Kimmel Live. More people hate stream our show in one day … This is like the pimple of the pimple of the pimple of the dog's ass … His show sucks.” 🤣
The assassination of Charlie Kirk is bringing out some of the best in humanity and it’s also exposing some of the worst. The unification, love, support, and outcry on his behalf throughout the world is heartwarming. The number of people supporting Tyler Robinson’s appalling behavior has opened my eyes to a side of extremism with a moral superiority complex that has also shaken my belief in people in general. I hope they are held accountable for their disgusting rhetoric.
Most people use the wrong moving averages.
I use the 21 day MA, 63 day MA and 252 day MA.
Why bc there are 21 trading days in a month, 63 in a quarter and 252 in a year. Not rocket science but I‘ve noticed stocks tend to bottom at these MA’s.