No way. I work for a living. Im repeating stuff I read or watched at some point. I have a lot of sales/finance self help books written by really smart jewish guys. Probably not a good period when I was buying those type of books. But they are not that different from fantasy novels if you get right down to it.
Hey man I can talk about the jews because my name is Karl Reuvenstine Munn! Sincerely, the Hand of the Firstborn Jew,
did anyone else hear Lucy jones say they had predicted this earthquake but the public wasn't informed for their own safety?
There is no such thing as a no risk stock. Did you get confused because I used a generalized term instead of long winded specifics? I am good at long winded explanations but lately I would rather just have a Coke and some McDonalds with an Apple. Now that's a good bye thats much better than a Best Buy.
No. The system did not inform the people because the system has a high threshold so the same people complaining that they didn't get an alert wouldn't complain that they get false alerts which would then make the system useless since nobody would take it seriously after the first false alarm. The problem is not always the system. Sometimes the public is the problem. The public that rages against the system and the public that is slavish for it.
In one of his books it supposedly works pretty well for the author. He bought the acme brick company in 2000 and is looking to buy the largest bookstore in 2020. A type of 'no risk stock' is low tech industry, staples aka the original stocks, obvious market proof brands, super diversified mutual funds, government bonds, insurance industry. Even if the buy price is high the chance of loss is not dangerous and can be insured. Another 'no risk' would be to buy cheap stock in prospects and rookie companies that show promise to see which one hits like a lottery pick at late 2nd rounder price like Kuzma. Drafting Kuzma was no risk. Now he has shown that he has adjusted to being a pro seamlessly. He's a pro naturally. Thats why hes no risk when building a championship team. All other prospects no matter how promising and valuable had to go. They are high risk stock to buy for a team looking to cash out soon. Kuzma on the other hand is all reward no risk and the team has bought a few years worth of rights to keep buying his stock at a low price as his value continues to soar.
If it was that easy (or even that possible), there would be no need to write a book. You could easily make all the money you'd ever need off the markets and never have to do anything else. Writing books is hard and time consuming. Life would be hookers, blow and making all the money you ever needed whenever you felt like trading. These guys write books because they need money--they can't reliably make it in the markets or with their other schemes. Very few "experts" outperform the broader market with any kind of statistical significance. Over the long term, you're gonna make 7-8%/year that way, but you have to be able to ride out the volatility. Nobody is going to let you significantly leverage against that...just 25-30% of your assets at best, and they're going to charge you a shit-ton of interest. Usery type interest because there's a pretty good chance they're not going to get paid back. You can't use insurance to protect against volatility like that, either. At least not if you want to have more money than you started with. Insurance companies are in the business of making money, so in the long term, they take in more than they pay out. You might get lucky once, but in the long term, the insurance is going to cost you money, not protect your losses.
That is why the first thing you invest in when you start doing deals that need to be highly insured is in an insurance company. You are right about those book writers that write books to make money off of their system. I was mocking them in my post. As a general rule you are right. The proof of that being the exception that some successful people are not interested hookers and blow but living in a regular house in the same quiet middle class suburban neighborhood they grew up in. Those people have time to run their businesses and write a book. Or maybe they have their secretary write the book for them. I hear that those guys pay less taxes than their secretaries.
They are probably related and part of the conspiracy theory of conspiracy theories. Warren Buffett goes on a TV show and after a disaster and tells corporate america that there will be another one of these or similar coming soon and that you better have insurance against this new threat as well as this that and the other thing you need to buy to be safe in case this threat happens again because it will and soon. He knows this because he has done the research. Buffet tells them to buy and before they buy his signals start raising the price so they buy even more which make the stock prices solidify their new growth. Before he opens his mouth he has already compiled loads of analytics that give him a good idea of why things are happening and how they are about to happen and how to best profit from them depending on how he plays his advantages. Some of those advantages are that the old man owns majority shares in some old branded insurance company currently being heavily re-marketed positioning itself as the leader in this new Buffet scare mongering expanded market. And that he is heavily invested in the startups inventing the new this that and the other that you need to protect your house or stadium or office building from the coming disaster. He is a snake but kind of in shepherds clothing signaling to his sheep where they should go because he has walked the road or scoped it out from on high and can report that it is good grass to graze.
Dude talks about moats all the time. Sometimes you have to put the fear of (acts of) God in people's minds to get them to dig your moats for you.
