This Scares Me – HUNKER DOWN!

This Scares Me – HUNKER DOWN!

I don’t like the level of risk tolerance investors have at the moment – it looks to me like the rich have determined that the governments and central banks of the world will not allow stocks to fall dramatically, so they’re using leverage without proper consideration of the risks involved.

PROFOUND: This Is Seriously Important!

PROFOUND: This Is Seriously Important!

I am currently in my Manhattan hotel room, overlooking Times Square. It is one of the only suites in the city that has a terrace, and I have a view of the concrete jungle, watching the millions of people, all gifted, racing to meet their next deadline, milestone, or promotion in this blizzard of capitalism.

Reduced to RUBBLE: BITCOIN Flat-lines!

Reduced to RUBBLE: BITCOIN Flat-lines!

One of the distinctive characteristics of Warren Buffett and many other long-term investment legends, is their ability to build a position in an asset class, which doesn’t pay a dividend, nor produces cash flow. It doesn’t earn anything. In fact, it will surely cost them money to hold it.

EXTREME Duress: Build On THIS!

EXTREME Duress: Build On THIS!

Though I’m only 33, in the last 20 years of my life, I have launched 5 businesses and closed 3 of them, endured many personal setbacks, and have made costly mistakes more than once.