Thank you, Frank. That’s kind of you. To answer your question, you’ve pretty much described the free subscription. At least two essays a week, plus the lead of each monthly issue, etc. The paid side is where the recommendations, reports, and portfolio are. So if the analysis is what you’re after and the picks aren’t, you should already be getting more or less what you want. I'm glad to have you reading either way.
Thought I'd already saluted you again, Lau, for keeping us posted on "Situation Normal" (we know the rest) but "Possition Accordingly" gave me a chucle, and of course, as usual, you're right. Jay
this analysis, when combined with previous posting about the consequences of owning the world's reserve (fiat) currency paint the clear portrait of empire in decline and the desperate, yet futile goal, of propping up the USD. The world market has better money and non-US central banks have progressively stockpiled real reserve assets (gold, silver, and BTC in El Salvador) for the eventual currency collapse. Remember no one can predict the when; it's always a slow march to the cliff's edge and then all of a sudden. This is the macro environment in which us peasants must exist in.
I'm reading Lau's mind and intentions here --> given the macro financial landscape unfolding before us, how do we as individuals protect wealth as Rome burns to the ground?
You’re reading my mind pretty well, Thomas. And that last question probably deserves an essay of its own. I need to sit down and think through it properly rather than try to answer it in a comment.
But the starting point, at least for me, is pretty simple. You want to own things that can’t simply be printed into existence. And ideally, you want to own them in jurisdictions where the rules don’t change every election.
The other half is making sure you survive long enough for the thesis to actually play out. That’s where all the boring stuff I keep talking about comes in: position sizing, buying in tranches, taking some money off the table when you’re well ahead, and not letting any one idea hurt you too badly if you’re wrong.
And patience matters too. I’ve had plenty of investments over the years where I wasn’t necessarily wrong about the thesis, but I was wrong about the timing. I eventually got tired of waiting, sold, and looked back a year or two later to find the thing had done exactly what I thought it would.
Anyway, I think you’ve just given me an essay to write. :)
Thank you, Sir.
Your response is another example of the excellent service you provide.
DFH MD
I consider your prose and general analysis amongst the best I have encountered.
I am not interested in equity recommendations as I am satisfied with my production and approach for the past 40+ years.
Which leads me to ask if you have considered a limited approach subscription to your output.
Thank you for reading this.
DFH
Thank you, Frank. That’s kind of you. To answer your question, you’ve pretty much described the free subscription. At least two essays a week, plus the lead of each monthly issue, etc. The paid side is where the recommendations, reports, and portfolio are. So if the analysis is what you’re after and the picks aren’t, you should already be getting more or less what you want. I'm glad to have you reading either way.
Thought I'd already saluted you again, Lau, for keeping us posted on "Situation Normal" (we know the rest) but "Possition Accordingly" gave me a chucle, and of course, as usual, you're right. Jay
Ha, thanks Jay. Glad it raised a smile.
this analysis, when combined with previous posting about the consequences of owning the world's reserve (fiat) currency paint the clear portrait of empire in decline and the desperate, yet futile goal, of propping up the USD. The world market has better money and non-US central banks have progressively stockpiled real reserve assets (gold, silver, and BTC in El Salvador) for the eventual currency collapse. Remember no one can predict the when; it's always a slow march to the cliff's edge and then all of a sudden. This is the macro environment in which us peasants must exist in.
I'm reading Lau's mind and intentions here --> given the macro financial landscape unfolding before us, how do we as individuals protect wealth as Rome burns to the ground?
You’re reading my mind pretty well, Thomas. And that last question probably deserves an essay of its own. I need to sit down and think through it properly rather than try to answer it in a comment.
But the starting point, at least for me, is pretty simple. You want to own things that can’t simply be printed into existence. And ideally, you want to own them in jurisdictions where the rules don’t change every election.
The other half is making sure you survive long enough for the thesis to actually play out. That’s where all the boring stuff I keep talking about comes in: position sizing, buying in tranches, taking some money off the table when you’re well ahead, and not letting any one idea hurt you too badly if you’re wrong.
And patience matters too. I’ve had plenty of investments over the years where I wasn’t necessarily wrong about the thesis, but I was wrong about the timing. I eventually got tired of waiting, sold, and looked back a year or two later to find the thing had done exactly what I thought it would.
Anyway, I think you’ve just given me an essay to write. :)
I never need credit for an idea. You’re the genius. I’m just happy to benefit from your thinking.
Financial repression at its finest.