In the forest of North America, the Lodgepole Pine are among the most beautiful and condensed tree lines. They grow tall and are truly impressive.
Dear Mr. Market, you are obviously a manic-depressive being and you like to push to the extremes, overshooting and undershooting conditions, because, Mr. Market, you are a reflection of us, the buyers and sellers of securities.
Yesterday, the NASDAQ 100 Index fell 6% at its lows, the most since March 2020! In sports, athletes sometimes return to action within days of an injury… it may look frightening on live TV, but these professionals are resilient and very powerful, but even these athletes, at the prime of their career, can fall and stay down for a year.
I want to start by showing you something that shows that markets are like boomerangs, and if you mean leverage in the good days, you’ll get a nice email notification from your broker in capitulation moments:
In 1901, a mechanical engineer by the name of Walter married his childhood sweetheart, Della Forker, and they settled down in Salt Lake City, Utah. Walter had been a lifelong worker for the railway industry up to that point and, during that period, was employed by the Denver and Rio Grande Railway. Because he was so passionate about his career, other companies wanted his services, similarly to how Steve Jobs pursued Tim Cook and attracted him to Apple Inc.