Lawyer and Stock Trader đđ â05 (Manila, PH) A journal of thoughts and mistakes. The next bull market is always just around the corner.
Joined May 2019
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Did it hit you that a centibillionaire, Jensen Huang, is less free than a random plumber?
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Oh, hi.
Don't mind me.
I just thought you should know, while you enjoy the face ripping rally today, that it is not without precedent.
In fact, the day after the 2018 Trump Midterm Election, SPX was up +2.1%!
Which was so bullish that the market then proceeded to do this:
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Gary Savage AF is a brilliant contra-indicator. Yet another subscription seller. For a 'self made multi-millionaire' I often wonder why in his videos he looks like he's in a trailer on some park somewhere
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đŹđ±đ©đ° âDonât tell Trump, the Kingdom of Denmark won.â
Danish commentator Sophie Pultz told LBC the Greenland agreement largely repackages rights Washington already held under its 1951 defense treaty: broad basing rights, exclusion of adversaries and an effectively permanent pact. Denmark and Greenland, meanwhile, retain sovereignty and territorial integrity. She says what President Trump actually wins from this is a face-saving foreign-policy spectacle as the Iran war weighs on him ahead of the midterms.
đșđžđŹđ±đ©đ° Trump Announces âHistoricâ U.S., Greenland, Denmark Agreement
President Trump shared yesterday that a deal was made between the U.S., Greenland, and Denmark, giving the U.S. âpermanent control over securityâ in Greenland at âNO COST to the United States!,â while preventing U.S. adversaries from âEVERâ having a base, military presence, or making sensitive investments in Greenland without written approval from the U.S.
The Kingdom of Denmark shared a press release that the governments are expecting to sign an agreement at the UN General Assembly, which will then be subject to national parliamentary procedures before going into effect. They described the deal as âstrengthening common security in the Arctic and North Atlantic,â while also recognizing the sovereignty of Denmark, and self determination of Greenland.
Utter Fool retweeted
You need to stop and read this againâŠ
Warren Buffetâs final words of advice from his very last annual letter đ„č
"One perhaps self-serving observation. Iâm happy to say I feel better about the second half of my life than the first. My advice: Donât beat yourself up over past mistakes â learn at least a little from them and move on. It is never too late to improve. Get the right heroes and copy them. You can start with Tom Murphy; he was the best.
Remember Alfred Nobel, later of Nobel Prize fame, who â reportedly â read his own obituary that was mistakenly printed when his brother died and a newspaper got mixed up. He was horrified at what he read and realized he should change his behavior.
Donât count on a newsroom mix-up: Decide what you would like your obituary to say and live the life to deserve it.
Greatness does not come about through accumulating great amounts of money, great amounts of publicity or great power in government. When you help someone in any of thousands of ways, you help the world. Kindness is costless but also priceless. Whether you are religious or not, itâs hard to beat The Golden Rule as a guide to behavior.
I write this as one who has been thoughtless countless times and made many mistakes but also became very lucky in learning from some wonderful friends how to behave better (still a long way from perfect, however). Keep in mind that the cleaning lady is as much a human being as the Chairman."
And then today, his last letter to shareholders as chairmanâŠ
Warren Buffett is stepping down as chairman of Berkshire Hathaway $BRK.B, effective immediately - CNBC
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A 30% stake could mean 660m additional profits for WEB. That's huge for a company that earned "
only 47m in the last quarter.
Bilyonaryo Lance Gokongwei is making his first big move at PhilWeb Corp. just days after taking over as chairman, buying into a little-known gaming technology company that claims to earn about $35 million, or roughly â±2.2 billion, a year.
Read it here: bilyonaryo.com/2026/09/06/jkâŠ
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Despite having a heavy allocation to gold and precious metals, I tend to agree. Way too many self congratulating tweets. Take it from someone that bought gold heavily @ $1250 and still holds most of it. Gold bulls donât want to hear it, but unless we have a Weimar situation, Gold is relatively pricy on almost all metrics and relative almost all other assets.
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Don Nelson Ăš lâallenatore che, dopo Gregg Popovich, ha vinto piĂč partite nella storia della NBA. Una delle ultime immagini che ha mostrato di sĂ© Ăš questa: risale a 8 anni fa, quando dichiarĂČ al New York Times che il basket non gli mancava per niente perchĂ© da tempo aveva deciso di trascorrere la sua pensione alle Hawaii. LĂŹ passa le giornate a fare dei giri in barca, a bere âottimo vino italianoâ, a grigliare sulla spiaggia tre volte a settimana e a coltivare un nuovo tipo di erba chiamata Nellie Kush di (parole sue) âstrepitosa qualitĂ ": la fuma quotidianamente assieme agli amici Owen Wilson e Woody Harrelson che tutte le settimane vanno giocarsi migliaia di dollari nella sala-poker costruita all'interno della sua villa.
Parliamo di uno che nel basket ha vinto 5 anelli da giocatore con i Boston Celtics, per 3 volte ha vinto il premio di Coach of The Year, e dal 1962 al 2010, per quasi 50 anni, Ăš stato un personaggio unico.
Ă notizia di poco fa che Don Nelson ci ha lasciato allâetĂ di 85 anni.
Mai come questa volta, guardando questa foto, e scoprendo come ha trascorso la sua vecchiaia, non ci viene in mente un modo piĂč figo per congedarsi dalla vita.
Ciao Don, ti auguriamo che il paradiso possa essere bello almeno la metĂ della tua vita.
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$ICT new ATH 1K, gonna be greedy and ask for 100 more so I can sell đđđ
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Iâve been telling people this for years.
GRRM pissed off millions of customers but he donât give a shit. He got his bag. But his legacy is being such an epic bum ass bum that he crippled an entire genre, ruined consumer sentiment, and killed off an entire generation of epic fantasy authors.
Romantasy and LitRPG grew as a direct result of filling the smoking crater George left in the industry. New writers could no longer get deals to write epic fantasy unless the entire series was in the bag, and nobody can afford to gamble that much time to write that many books they may never sell.
Publishers no longer took chances on new series because customers had got burned by lazy shirkers like George and Pat. Agents wouldnât represent new epic fantasy unless the whole thing was done. It hurt Indy because dudes had to convince customers that they werenât bums too. Except when book one makes $50 total, because customers said Im not starting a new series until itâs done! they sure as shit ainât writing book two. So itâs a self fulfilling prophesy of suck.
In the comments Dunning-Krugerands are saying this isnât true. Look at guys like Brandon Sanderson. Wrong. Guys like him, or me, who already had established names, reputations, and fan bases were fine. We had enough customers who trusted us we could still do new things and people would come along to make it economically viable.
For example, the only reason my epic fantasy series got picked up is because I was already successful and could guarantee a viable level of sales off my existing fans. Newbs donât have that. And over the ten years it took for me to write the six books to finish it, the entire time I heard from potential customers, nope, not gonna start a new series that might not finish because of George.
I am fine during this because Iâm still gonna make a couple hundred grand off each of those just off my existing fans. Newbs make two bucks an hour, say to hell with being a writer Iâm going back to my day job, and you all missed out on the next great author and his absolutely brilliant series, because you were too mad at billionaire George shoving twinkies in his mouth instead of writing.
Nope. Guys like me and Brandon are fine. Georgeâs profound laziness screwed over the new guys. Customers and the industry quit taking chances on new guys. We will never know how many excellent fantasy series we missed out on, robbed by Georgeâs laziness burning so many customers.
Some writers gave up, but others moved into different genres. Which is good. But it sure does suck if epic fantasy is your jam. LitRPG is close but different enough it blew up during this time frame because thatâs where the talented went.
Being such a pretentious, bloviating bum that you damage an entire industry and strangle a generation of aspiring artists is quite the legacy.
Kal (who is a good writer btw, check out his books) asks what can we do about this? For me personally Iâm just gonna continue mocking Georgeâs work ethic in the hopes more normies realize what an outlier he is, and how they should expand their horizons to read other authors who arenât stuck up, know it all, dickheads.
And before anybody starts barking at me that Iâm such a hypocrite because Iâve not finished all my series, sorry Iâve only finished three of eight so far, and have only written THIRTY books since Georgeâs last one, the next MHI comes out in December, and the last two books are next year, and Iâm not planning on retiring anytime soon (if ever).
Utter Fool retweeted
BREAKING: The US Military has conducted new strikes in the area of the Strait of Hormuz, per Axios.
This would mark the first US strikes in the region since the âMemorandum of Understandingâ was signed.
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#GOLD & #SILVER
Michael Oliver is leaving X until Christmas, and Gary Savage is calling an end to the bull market, even telling his subscribers he will close his service because the next bull run is supposedly 3-4 years away.
Every chartist, and even most retail investors is calling for more downside now as well.
Even I can feel it. Price looks weak, there is no strength anywhere, and fear starts building internally.
But the objective side of me thinks the bottom has to be somewhere around here.
The human nature side says, âSell half the portfolio here and buy back cheaper.â
But in my experience, when you finally give in to that human nature bearish impulse, that exact day can mark the bottom. đ€Ł
Fact is, it looks and feels bad right now. And no one knows exactly what near term brings here. Even if narcissists believe they do.
All I know is, out of experience, every time Iâve had these feelings in the past, the bottom was incoming fast.
The question is, do I give in to the feelings and try to be fancy to âbuy back cheaperâ - or do I ignore that impulse?
Whatâs your thoughts?
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âThe right place appreciates you in the right way. If they donât value you, donât be angry; it just means youâre not in the right place. Those who know your worth are the ones who truly appreciate you. Never stay in a place where they donât recognize your value!â
Un pĂšre a dit Ă son fils : « Tu as obtenu ton diplĂŽme avec mention. Voici une Coccinelle Volkswagen que jâai achetĂ©e il y a de nombreuses annĂ©es... Il a plus de 50 ans, mais avant de te le donner, emmĂšne-le dans une concession en centre-ville et demande combien ils te proposent. »
Le fils est allĂ© chez la concession, est revenu voir son pĂšre et a dit : « Ils mâont proposĂ© 10 000 $ parce que ça a lâair trĂšs usĂ©. » Le pĂšre a dit : « EmmĂšne-le dans un prĂȘteur sur gages. »
Le fils est allĂ© au prĂȘteur sur gages, est revenu et a dit : « Ils ne mâont offert que 1 000 $ parce quâils disent que câest trop vieux. »
Finalement, le pĂšre a demandĂ© Ă son fils dâemmener la voiture dans un club de voitures classiques pour la montrer lĂ -bas. Le fils a pris la voiture jusquâau club, est revenu et a dit : « Des gens au club mâont proposĂ© 100 000 $ ! car câest une voiture trĂšs rare et recherchĂ©e parmi les membres. »
Le pĂšre dit Ă son fils : « Je voulais que tu comprennes que le bon endroit tâapprĂ©cie de la bonne maniĂšre. Sâils ne te valorisent pas, ne sois pas en colĂšre ; ça veut juste dire que tu nâes pas au bon endroit. Ceux qui connaissent votre valeur sont ceux qui vous apprĂ©cient vraiment. Ne reste jamais dans un endroit oĂč ils ne reconnaissent pas ta valeur ! »
Utter Fool retweeted
$XAU This pattern looks familiar đ
Unarguably bearish price action. Gold hit an all-time high of $5.6k in Jan on ATH volume and has since shed over 25% now trading ~$4k and still bleeding
Expect a technical bounce somewhere in the $3,800â$4,000 zone. The $4,000 level is the obvious magnet, psychological level, heavy support, everyone watching it. Could get a tradeable relief rally here
But I'm not buying the bounce
I've reassessed. My real entry levels are much lower:
$3,500 â major structural support on the weekly $3,000 â if this is what I think it is
Because this chart pattern? I've seen it before, parabolic run, blow-off top, high volume, bull traps on the way down, then the real unwind begins.
This looks like a major cycle top.
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#NewProfilePic
>will be gay the whole month of june
>will only drink matcha
>will play tickle balls everyday
woosahh
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Me celebrating my +10% YTD return after missing out on generational wealth in semis and memory:
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Case in point. I'm short gold today and have been since early March.
Yes, I'm a gold perma bull. Right now I'm short â exactly like Billy Ray would be â because Turkey is showing you what's already happening.
The Turkish central bank has sold roughly 120 tonnes of gold to defend the Lira and fund energy imports. Bernard Dahdah was explicit in April: central banks are now selling gold "to defend their currency and/or to fund energy purchases."
bullionvault.com/gold-news/gâŠ
When the marginal central bank flips from structural buyer to forced seller to pay for energy, gold's biggest bid disappears. Once central banks turn dovish after the energy crisis hits growth, the trade resets and I'm back long.
Even gold bulls have to read the tape. Gold 4,000 then 10,000.
9/10
