Mike Williams - The Biggest Risk to Your Investments: "It's not the chop, the market mayhems, the flash crashes, the Wall Street gibberish, volatility, or even the myriad of economic troubles presented with ample media garnish..." bit.ly/2ZuxMpZ
"That the stock market is taking (higher bond yields) in stride—so far—suggests that higher interest rates are not necessarily bad for the economy...(and) There's a lot more to this story that will play out soon..." bit.ly/3ChiNxU
Banking On It?
Barclays came in strong this morning...Lloyds and HSBC will also produce acceptable numbers and limited losses on post pandemic recovery...The sector outlook looks positive...But…Would you buy the UK banks?
Blain's Morning Porridge bit.ly/3jo6NmI
"I want to put my savings into an investment management firm that is going to ensure my grandkids have a safe and prosperous future, rather than one when economic collapse leaves them scrabbling."
Blain's Morning Porridge bit.ly/2ZcnqL5
"If the typical dose of bad news headlines is influencing your thoughts just now, keep in mind how cautious investors are feeling at the moment (despite the near-record highs), and that recessions usually happen when nearly everyone is feeling optimistic..."
Mike Williams - The Advantage of Perspective: "The opportunity hidden in all this media confusion for investors is substantial. In fact, nothing quite like this has ever unfolded in this data before..." bit.ly/3izJu8V
MARKET STRATEGIST: A descendant of the ancient Roman official known as a haruspex, who divined the future by inspecting the livers of sacrificial sheep and chickens. Today they use fairly similar methods to those of a haruspex, but with considerably less accuracy.
"The best way to measure your investing success is not by whether you’re beating the market but by whether you’ve put in place a financial plan and a behavioural discipline that are likely to get you where you want to go." The Intelligent Investor
It was on this day in 1675 that Dutch mathematician Christiaan Huygens patented the pocket watch. And every glance a reminder that no matter how great the talent or effort, some things just take time: You can't produce a baby in one month by getting nine women pregnant. Buffett
There's so much ado about inflation from the wagging jowls of dour commentators, its stratospheric trajectory, and the doomsday scenarios in its wake. This is the reality of UK inflation over the last 25 years...
"The market is a pendulum that forever swings between unsustainable optimism (which makes stocks too expensive) and unjustified pessimism (which makes them too cheap). The Intelligent Investor is a realist who sells to optimists and buys from pessimists."
Mike Williams: "We’ve entered this strange, but deep-seeded, perspective that mandates 'All things end badly,' as the concept of 'peak' plays havoc with common sense. And it’s a perspective that destroys your ability to build wealth..."
"Between the idea
And the reality
Between the motion
And the act
Falls the Shadow"
Investors: Get to know "the Shadow," it's that part of your mind that interferes with all your good intentions. twitter.com/blakeaburge/st…
CNBC INTERVIEW. CNBC’s “Squawk on the Street” team discusses investment strategies, economic outlook, inflation and markets with Ed Yardeni of Yardeni Research.
* Dr. Ed's LinkedIn Blog lnkd.in/gGzQqUF
* Try our research…lnkd.in/gZvNvaaccnb.cx/3mKqRCn
Two thoughts from Woody Guthrie
“Any fool can make something complicated. It takes a genius to make it simple.”
"Nobody living can ever stop me. As I go walking my freedom highway. Nobody living can make me turn back. This land was made for you and me."
"Ever wonder just how many times over the last 40 years that the media’s reprise of 'It’s the end of the financial and economic world as we know it' story, supported by parades of experts, has actually been correct?
The answer is 'none'."
- Mike Williams
Mike Williams: "The stock market summer haze will thicken for a few more weeks before slowly fading away, and then we’ll be back to worrying about all sorts of things the media has imagined for us..." buff.ly/3mStsdl
"The pandemic has been a challenging time for a lot of businesses but those that have survived with strong balance sheets are likely to become even stronger once the recovery gets into gear..." Steve Forbes