|
n. Illinois | I suck at individual stock picking and therefore do not participate in it.
I would not buy any stock in any company that has never shown a profit (amazon and Apple etc) My goal isn't to hit home runs but get on base and have stable and solid growth IE value investing buy cash flows and do not over paid for it.
Just pointed out some historical facts.
The whole AI boom is being built upon a mountain of debt, Debt that is being hidden in plain sight. Look into the Railroad Panic of 1873, 25% of the Railroad companies failed before the end of that year. All of them were built upon a mountain of debt and that debt was defaulted on. The stock market was closed for 10 days in September 1873. This is the massive deleveraging that occurred roughly 50 years before the Stock Market Crash of the 1930's. There is a 50 year mega cycle that repeats with regularity and we are fast approaching that 50 year time . | |
|
An interesting presentation on currencies
