Trek in 1988.

I think we'll have these conversations much sooner than the 24th century.

What are some places that everyone in the USA should see? I want to add the good ones to my bucket list.

I anticipate 2 hours of capitalism bashing from multi millionaires.

Forward Guidance, press conferences, parades of FOMC speakers, leaking to the MSM reporters in exchange for fawning coverage — it has all been a massive failure. Keep quiet and issue a press release after FOMC meetings. That’s it.

Deep value investing at its core is about mean reversion in business fundamentals. It's not simply mean reversion in the price.

Krugman citing inflation ex-everything is ridiculous.

It's also ridiculous to predict stagflation/hyperinflation since QE1 and declare victory. We had a decade of 2%. Then, we had the biggest fiscal stimulus in US history and all we got was 7% in '21 and 6.5% in '22.

The Fed provides too much transparency.

Send a press release with the action once it's decided on.

They have no idea what to do next because the data can change on a dime. Was the guidance in January 2020 useful? There is no point in speculating publicly about the unknown.

If you have to make significant changes to your portfolio based on a CPI/GDP/employment report/someothermacrothing, then you're probably doing something that won't succeed over the long haul.

Solo episode this week.

Topics:

Catching up with retirement savings in your 40’s

PayPal

Recession Concerns

Tracking Total Performance

My experience w/ getting out of debt in 2008

The Best ETF w/ A Long Track Record

Passive Bubble Worries

securityanalysis.org/p/q-and-a-the-…

Three good movies about Millennials.

My scale says I gained 5 lbs this month.

Only reasonable conclusion: the scale is broken.

Buffett invested $4 billion in TSMC around Sep '22.

If he had held the stock he would've made over $2 billion by now (likely $3 billion or even $4 billion if he bottom-ticked it).

Unfortunately, he became concerned over the geopolitical noise and sold early.

It's quite…

Boomers figured out that van life was a scam in 1985.

Three good movies about Generation X.

Those prophesying DOOM are lucky most people aren't keeping track of how poorly their forecasts turn out...

New McKinsey research: Football teams that score more goals win more games.

Three good movies about baby boomers.

You could be driving a rusty glorified go-cart that won't pass inspection. But, if it is your first car, then this is what you feel like when you first take it out. No other car is ever going to measure up to that.