tag:blogger.com,1999:blog-1527840491496268397.post6441820426858121263..comments2024-03-08T11:20:30.095-07:00Comments on Credit Bubble Stocks: Friday Night LinksUnknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-1527840491496268397.post-40017855026794221012021-04-09T16:37:33.884-07:002021-04-09T16:37:33.884-07:00Taylor,
I agree with your buy and hold mindset. I...Taylor,<br /><br />I agree with your buy and hold mindset. I only make investments that I intend to hold for a very long time, preferably all the way to maturity. <br /><br />That said, I am always willing to keep looking for something else that I would prefer to own though. For example, I intend to hold utilities for many years. However, if the real yield of the 30-year TIPS hits 1% again, I’d be very tempted to defect to that. It would depend on how overvalued/undervalued the utilities seem to be at the time. I’m not suggesting that TIPS would necessarily perform better, but like Kuppy I value sleep. I sleep best with TIPS.<br /><br />As for ownership, the phrases “as I mature as an investor” and “it is going to zero” don’t seem at all compatible to me. Even if it does technically meet the definition of investing (“to allocate money in the expectation of some benefit/return in the future“), it seems much more accurate to call it gambling (“take risky action in the hope of a desired result”). Buying something you think will ultimately be worthless with the hope of selling it to someone else at a profit is definitely taking a risky action. What’s riskier than relying on a greater fool?<br /><br />Bitcoin has parabolas written all over it. Climbs parabolically. Crashes parabolically. If the intention was to design an unstable currency, it has been a complete success. It’s a gambler’s dream! A little something for everyone. Even the bystanders have to be at least somewhat amused by the drama. I know I am.Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-29129045141327748762021-04-09T14:40:20.233-07:002021-04-09T14:40:20.233-07:00"more attractive things to own"... for a..."more attractive things to own"... for a short period of time before I rotate into something else.<br /><br />This is not ownership.<br /><br />Ownership is, for the most part, always buy and hold-- forever.<br /><br />To be an "owner", you must buy and hold. You can't be "looking for something more attractive to own"-- what you own should be valuable and attractive enough. Why do the things you own keep fluctuating in value so much you want to let them go?<br /><br />Buffett has gotten shit (from us and others) for his "buy and hold" mantra, when he clearly would've been better off selling some things now and then.<br /><br />The reason it's cringe for Buffett to tout buy and hold... is because he also is adamant that he doesn't influence or effect the operations of what he owns. This is pure negligence of one of the key responsibilities of ownership-- to have influence. To put yourself into what you own. Buffett has a policy of not doing that. So it's super cringe for him to buy and hold forever.<br /><br />Kuppy's a weird guy.Taylor Conanthttps://www.blogger.com/profile/18270678440957992085noreply@blogger.com