What a mess October has been. Chaos leads to more chaos.
Selling usually leads to more selling.
War leads to more war.
I am having a huge boner watching the markets. How the “smart allocators” fuck it up. Pain leads to more pain. Everybody has been so wrong, and they hope the next guess will be the right one…
When will it bottom out? Maybe this is it. It's hard to foresee any massive rally for bonds, either. The headwinds persist. If forced to guess in the short term, I'd be a buyer here. But I'm not a gambler.
The 40-year bull run ended. It hurts. What do you do with a 60/40 portfolio? You buy more of this shit.
It's all about the illusions at play. Are the yields genuinely that high? It's all an illusion.
What do I like at the moment? To be “short” on institutions, governments, our beliefs, and illusions. You do that by having gold and Bitcoin. I am sorry, what else? Huge erosion here in Finland. They still believe we are a top-tier welfare state. We are not.
Disbelief.
Times aren’t so bad that the clown world would end. Times are horrible when we see good leadership. Do you see it? I don’t. We laughed a long time here in Finland about how idiotic the US presidential elections are, but look at our candidates in 2024. Pick from shit the least shitty option?
Weak men, weak leaders, weak CEO’s, weak presidents, weak companies, weak communities, weak morals, weak systems, weak resilience, weak adaptability, weak trust.
So yes, I have a boner. The world will heal. Companies, leaders, societies, men… After every dark age, there's a renaissance. Every downturn eventually leads to an upswing.
Weak, "woke" leadership results in weakness. It's not rocket science. More selling invariably leads to even more selling.
It is awesome! When it gets bad enough, we might get some change and hope. Get rid of the woke shit and weak leaders. Shit doesn’t flip to diamonds by hope. Shit does not become more valuable if its price keeps going down. Is the decline due to temporary challenges or deeper systematic problems?
I feel lonely. It feels like I am the only one who can read and care about anything now?
It scares me because I am an idiot.
Gamblers hope that shit could turn to diamonds, don’t be a gambler. This is a horrible time to be a gambler.
Plenty of beautiful businesses are now out there at discounted prices, but the majority are just shit.
Illusions have blinded many, but these will inevitably shatter. We're likely heading into a challenging decade.
Well, this rant did not bring any value, but hopefully, this help to get some new ideas: My favourites from last week.
https://www.youtube.com/live/EWrqdIFUIdM?si=vIbIMmkVDAI2az4d
https://x.com/LynAldenContact/status/1715837847960166745?s=20