Wisdom of Peter Lynch

 1. "In the stock market, the most important organ is the stomach. It's not the brain." (Lynch explained that investors need to know their pain tolerance, and often succeed if they simply hang on to their holdings.)

2. "You've got to look in the mirror every day and say, 'What am I going to do if the market goes down 10%? What do I do if it goes down 20%? Am I going to sell? Am I going to get out?' If that's your answer, you should consider reducing your stock holdings today."

3. "Stocks aren't lottery tickets. Behind every stock is a company. If the company does well, over time the stocks do well, and vice versa. You have to look at the company — that's what you research."

4. "The public's careful when they buy a house, when they buy a refrigerator, when they buy a car. They'll work hours to save a hundred dollars on a roundtrip air ticket. Yet they'll put $5,000 or $10,000 on some zany idea they heard on the bus. That's gambling. That's not investing. That's not research. That's just total speculation."

5. "In baseball terms, you want to buy in the second or third inning and get out in the seventh or eighth." (Lynch gave the example of Walmart, which only had stores in 15% of the US as a 10-year-old public company, spent the next 30 years expanding nationwide, and its stock skyrocketed 50-fold during that period.)

6. "When the business goes from semi-crummy to better to good, I'm probably out. You sell the company that was the growth story when there's no room to grow."

7. "Theoretically, the individual's edge has improved in the last 20, 30 years versus the professional. The problem is people have so many biases. They won't look at a railroad, an oil company, a steel company. They're only going to look at companies growing 40% a year. They won't look at turnarounds. Or companies with unions. You have to really be agnostic."

8. "Long term, the stock market's a very good place to be. But more people have lost money waiting for corrections and anticipating corrections than in the actual corrections. Trying to predict market highs and lows is not productive."

9. "I think if you spent over 13 minutes a year on economics, you've wasted over 10 minutes. It's not helpful. Everybody wants to predict the future, and I've tried to call the 1-800 psychic hotlines. It hasn't helped. The only thing I would look at is what's happening right now."

Climate Change Thoughts by Jerry

A spammer hit this 2019 post and it triggered Jerry to comment.

Well, since this troll has re-opened the topic, let's take another view of this "problem." I contend it is not a problem at all, and that all the real data I can see tells me the "catastrophe" simply isn't going to happen, and that if it does it will not be "manmade" and therefore it is nothing we can actually "do something" about. Even the IPCC has lowered its average "Equilibrium Climate Sensitivity" to something almost NON-catastrophic (yet still too high by all research).

But let us assume for the moment that your blind faith belief in Catastrophic Anthropogenic Global Warming is somehow real, and that we MUST "do something." Good news, we are actually doing it! Bad news, it not only hasn't made a dime's worth of difference except that it costs more and results in the occasional brownout or worse. But let's overlook that, too, and rush headlong into the bright future of 100% "renewable energy" now being mandated by our governments. Can I assume that they will also mandate that the Earth somehow produce somewhere between 200% and 1700% of the known reserves of the minerals required? If they can do that, then why not simply mandate that the seas and temperatures cease to rise?

 

Is Being GOP Bad for Your Health?

How Many Republicans Died Because the GOP Turned Against Vaccines? 

This supports what I have shown before...  Being anti-vaccine, anti-public health policy, anti-mask and lower income increases the death rates significantly.

A Chinese co-worker is concerned about the consequences of China dropping the COVID restrictions given their less effective and older vaccine.  I had a hard explaining why many American's are not keeping up with their boosters. :-O  

Oh well, Darwin explained it pretty well many years ago...  The weak and stupid die to make a stronger smarter human. :-O  

Who'll Stop the Rain?

And is this like 2000 or 2008?  I mean will it just keep slowly dropping or will it plummet?

I do not see the GOP doing anything to reduce inflation or prevent a severe recession.  Even though their 2017 unneeded tax cuts and massive COVID bailout helped create a $7.5 Trillion deficit mess.

I am pretty sure the GOP will be happy to let citizens suffer in preparation for the 2024 elections. So I am still betting on a CRASH... :-( 

Activist Judge Blocks Birth Control

Hopefully his decision will be laughed out of court on appeal.

All because a control freak father wants to keep his daughters off the pill.

What a waste of tax payer dollars... 

Warnock Beats Walker

 And yet a lot of idiots voted for the idiot. :-O

It is so sad watching the GOP fail to nominate qualified honest sane candidates. :-(

Trump Inc Found Guilty

 of Tax Fraud. Is anyone surprised?

I mean his charitable trust was fraudulent.

His school was fraudulent.

And why do dupes still support him?

For My Conspiracy Minded Friends :-)

 who only trust media that says what they belive already... :-)

Confirmation bias, the tendency to process information by looking for, or interpreting, information that is consistent with one’s existing beliefs. This biased approach to decision making is largely unintentional and often results in ignoring inconsistent information. Existing beliefs can include one’s expectations in a given situation and predictions about a particular outcome. People are especially likely to process information to support their own beliefs when the issue is highly important or self-relevant.

Did Trump Go Too Far

for Conservatives of good conscience?

I mean most of us figured out that he is a lying self serving con man with few morals.

Will guilt by association with evil nut cases finally convince folks to leave the cult of Trump?