[QUOTE=Elvis2008;2720485]
"No one thinks" Can you read everyone's mind? This is why I call you names. Who do you think you are to speak for everyone? You are not making a good point but are just imagining everyone agrees with you.[/QUOTE]
[QUOTE=Villainy;2720053]Don't introduce Sri Lanka into the middle of any argument. Guaranteed [B]no one thinks[/B] that makes a compelling point.[/QUOTE]This is the statement to which you are objecting. Other than a few immigrants from India and Sri Lanka and a handful of geography teachers / professors, I doubt 98% of the rest of the US population could find Sri Lanka on a map without using Google or Google Maps. You really think people are impressed with some obtuse argument that the US will degrade into Sri Lanka?
You really need to get a grip on reality.
[QUOTE=Elvis2008;2720485]Once again, you are speaking for everyone. And show me how going short when the fed is raising rates and the yield curve is inverted is risky.[/QUOTE]If it is such a clever move, why is it that very few hedge funds have duplicated that trade? Why have none of the pension funds copied your trade? Maybe, just maybe they are not kidding themselves about how risky 3 X inverse ETFs are.
[QUOTE=Elvis2008;2720485]Again, this warrants name calling. You insult someone's honesty, make a false accusation, and then when they prove your accusation is wrong, you make up another false one. That is a douche move.[/QUOTE]Did I call you a liar? No, Elvis. I said I don't believe you. I gave you the easiest way in the world to prove you did what you said. PM me for my email address and send me a copy of your investment account statements for April, May and June. Redact your name, address and account number. Safe and easy and unlike you I would happily acknowledge that you did what you said you did. But you didn't do that did you. I say you [B]CAN'T[/B] do it (not [B]won't[/B] but [B]can't[/B]) because you made it up. Prove me wrong.
[QUOTE=Elvis2008;2720485]Again, you are imagining you have this group who agrees with you. Who says they are meaningless? I could close my position and hold it for 5 years and STILL be ahead of you. What would that prove?
[URL]https://www.barrons.com/articles/warren-buffett-berkshire-hathaway-performance-51651885365[/URL]
Over the past 20 years, Berkshire is just a percentage point ahead of the S&P 500, with a 10.3% annualized return against 9. 2% for the index.
You just admitted that someone is better off buying an index fund than listening to you. LOL. Congratulations, you just stabbed yourself in the dick.
On top of that, you do another Democratic douche move by blowing an expert without any regards to the expert's performance. How many times have you douches done that? "Fauci was not wrong about masks. He was lying for our benefit. " Yeesh.[/QUOTE]Did you even read what you quoted? I don't think you can read. The article says:
"If you're undecided about whether Buffett deserves his reputation as one of history's greatest investors, consider this amazing statistic: Given the gains in Berkshire Hathaway Class A shares since he took over in 1965, the stock could drop 99% and still beat the S&P 500 index.
Barron's calculates that Berkshire Class A shares would have had to return 10.3% annually since 1965 for a price of $4,9681% of the stock's recent close at $496,800. That return compares with a 10.2% annualized return for the S&P 500 over the same period. ".
In short, Buffett has beat the S&P500 index by 100 times over his 56 years. That's right. Think about it. [B]if Berkshire lost 99% of it's value today, it still would be equal with the S&P 500 over the last 56 years.[/B].
[QUOTE=Elvis2008;2720485]And betting that my returns are worse than Buffett's and yours? Why? Because you want them to be?
Of course, my returns are better than Buffett. It is not that hard. I know bond funds now yielding more than 10%. Hell, I could sell now, hold cash, and probably beat him for 5 years too.[/QUOTE]Here let me see if I can help you see the light. Friday your SQQQ lost 5. 35%, SPXU lost 5. 48% and SDOW lost 6. 28% meanwhile my portfolio gained 1. 75%.
That means I beat you by 7. 35%. I tried to warn you how you should cash out and replicate my portfolio.
Do you see how silly that argument is? Well it is [B]exactly[/B] the same argument you have been making. Look at me! I'm up 40% in 10 weeks (maybe, but you still haven't shown your statements), I'm a better investor than Warren Buffett.
But why is it that all the major publications show fund performance at 1 yr 5 yr and 10 yr?
[QUOTE=Elvis2008;2720485]No, that is your theme of discussion. Mine is that currencies typically revert to a mean so if the currency is going down every day, that means there is emotional and likely irrational selling. I said my GF told me that people were afraid of Gustavo and guessed that is what is causing the panic selling. You wanted to give a 10 page dissertation on why currencies move when this was irrational selling.[/QUOTE]NO Elvis, my 10 page dissertation was this: There are too many factors involved in the currency markets to know what is causing certain movements. Petro's election was [B]a[/B] factor not [B]the[/B] factor.
[QUOTE=Elvis2008;2720485]You made a concession. Miracles do happen.
[/QUOTE]No Elvis, I just keep my objectivity. I have good reading skills and very good analytical skills. I see one skill you have too. Persistence. You will argue and argue, write and write and when things go badly you pivot to other arguments and make your posts longer and longer. I'm sure that when people stop responding you claim victory but all too often peope just get exasperated with never ending arguments that keep getting longer and less civil and never stay on point.
