“The most instructive, indeed the only method of learning to bear with dignity the vicissitude of fortune, is to recall the catastrophe of others.” – Polybius
“We look to the conifer and its logic of growth, and we learn from one of the truly great success stories of natural history. Through its adaptive strategy that has allowed it to survive over hundreds of millions of years, the patient and persistent conifer teaches us that it is far better to avoid direct, head-on competition for scarce resources and, instead, to pursue the roundabout path toward an intermediate step that leads to its eventual position of advantage.” -
"You don't need proof when you've got instinct -" - Joe Cabot [Lawrence Tierney] - Movie: Reservoir Dogs
.jpeg)
What if you learned the past experiences which resulted in failure were a significant gift?
Those who have nothing to prove need not pontificate.
Ultimate idea for this blog was the transition for a short book [appears most do not read] and an amalgamation of real expert advice from Builders / Creators.
This kid from Detroit notes our society is lacking craftsmanship -
2022/Crafts Unisex Politically Correct Keyboard Warrior Paper Trader Lawyer Ship
Upon receiving my Series 7, 31 and 66 during the summer of 2001 I was fortunate to witness 2 buildings vaporize in addition to ours [T2] in the 'world's financial center.' Arriving back to San Diego my next fortune was to instantly acknowledge I knew less than nothing meeting an ex-hedge fund manager who opened me to a New World - The Austrian School of Economics.
Corporate Fixed Income with an outstanding bond desk at Morgan Stanley helped make me along with the ability to pitch high dividend resource companies.
International Fixed Income & Currency Arbitrage was popular for diversification.
Gold was a hated asset by most. My family thought I lost my mind shipping coins at bottom $300 gold and $4 silver.
Building a business as a stockbroker during the largest bear market since the great depression required new objective data. Greatest mistake was 'Recency Báis' & nonobservance / discipline of company balance sheets. Canadian precious metals stocks were 'fighting the last war' by assuming record metal prices thus increasing shares in circulation faster than central banks could print currency.
Family narrative on my career now is it went up & crashed down [HUI - Gold Bugs Index] with alcoholism & hubris on a failed investment thesis. Learned to Embrace this portrayal.
Anyone can find themselves and rebuild their balance sheet.
For the younger we strongly encourage you to travel where you can. My fortune to have 3 key properties - 2 cash flow green in the Laguna Beach of South America has been not only accretive but provides much peace of mind.
Identified the secret town in Nevada in addition to Uruguay. Wing - Foil.
Stanley Druckenmiller notes Soros comments regarding CONCENTRATION *
In 2016 I was released from Vista Detention Center [DUI] in 2016 the bear market in gold shares appeared to be over.
Unhedged gold index priced in the S&P 500 is down 90% from 10+ years ago and one can see the recent sale has provided what could be a historic opportunity.
Who would have thought 6 years later this fish could still be there waiting...
- THE REAL GIFT IS CLARITY & DISCIPLINED PREPARATION.
Experience has shown almost all bull markets start from a deep oversold last correction to wipe out the last of the weak hands. Strong players act like a riverboat gambler accumulating the ebb in the conditions.
Have I become Santiago chasing the Elite Catch [Old Man of the Sea] or have I become Don Quixote?
The confluence of events during this comeback have been incredible. The precious metals sector is fully hated trading as an asset class opposite the U$10YR Treasury [promise to pay] which has been on a 41-year bull run. A corresponding 20 year high in the U$D relative to other insolvent western world currencies has only shown $1,700 gold to be remarkable.
In my youth elders would sit inside and speak markets while the children would go outside and 'play ball.'
ESPN & Political 'Bread & Circuses' rule most adults I meet today with near ZERO interest in collateral.
Clarity of the Seas surrounding oneself in life could be the ultimate gift. The physical body now heavier & experiencing pain is welcomed. Clear signals.
Welcome the Appearance of 'El Salao' - the worst form of unlucky fisherman.
"Your reputation is harmed by most what you say to defend it." - The Bed of Procrustes, N. Taleb
Wild to see my future life partner accumulating into the same market seeing similar sentiment and fundamental [supply / demand] drivers.
Unlucky indeed. Making the full circle and have the home bases set, rebuilding mind & body now with the girl... final part of the plan coming together.
Seeing with clarity is the gift. Healthy Pain to extend into Act III.
Anyone producing more than consumed can add leverage here without using margin... could take longer but looks like the trains are finally filling with strong passengers.
WWIII is on Producers by Consumers. Public here in Encinitas has been drinking immediate effects of zero rates - no price discovery of capital. Small opportunities in select areas with incredible distortions.
2 + years ago Crude Oil went negative with over-securitization / leverage. Hard reality today at the pump.
- Chevron Gas Station Clerk Cristóbal
Comments
Post a Comment