This past weekend, I was digging through some old articles and ran across one that needed to be readdressed on “human stupidity” as it relates to investing.
The background was a study done in 1976 by a professor of economic history at the University of California, Berkeley. Carol M. Cipolla published an essay outlining the fundamental laws of a force he perceived as humanity’s greatest existential threat: Stupidity.
Stupid people, according to Cipolla, share several identifying traits:
- they are abundant,
- they are irrational, and;
- they cause problems for others without apparent benefit to themselves
Of course, if we look at the world around us today, watch or read the diatribe produced by financial and news outlets, or pay attention to politics, it certainly seems that since the advent of the “smartphone” and “social media” the percentage of “stupidity” has clearly risen. (Either that, or we are just more aware of the massive amount of “stupidity” around us. Thankfully, it seems to be contained primarily in Florida.)
We can’t really do much about the seemingly rising level of “general stupidity,” however, we can apply Cipolla’s five basic laws of human stupidity to investing and the mistakes investors repeatedly make over time….CLICK for complete article
“As we discussed on the show on Saturday, the biggest financial contagion risk is in government bonds, not stocks. The Zero Hedge article below shows exactly how this could, and is happening. Our most recent webinar also addresses how to avoid this risk.” ~ Andrew Ruhland
For a dramatic preview of what will happen in the blink of an eye to all those record low interest rates without the backstop of central banks and ravenous pension fund buying, look no further than what happened in Japan overnight where bond futures suffered the biggest one-day crash since August 2, 2016, sliding as much as 0.97 yen to 154.05, and triggering margin calls for investors after the worst 10-year debt auction in three years… CLICK for complete article
Climate has ALWAYS changed from decade to decade. There were major swings (volatility) during the 1930s. You had the dust bowl during the summer and in 1936 you had record cold. The 1936 North American cold wave, which also hit Japan and China, still rank among the most intense cold waves in the recorded history of North America. You cannot blame this on soccer moms driving the kids around town burning fossil fuels. Cars were a luxury in the 1930s still.
There is just no evidence of human-induced climate change. There is nobody willing to call them out on this nonsense with just showing the dramatic swings in temperature over the centuries.
Here is a piece that appeared in the Weekend Australian on the covert issues behind the curtain….CLICK for complete article
During the federal election campaign we’re reminded of Jordan Peterson’s warning of the fall-out from not telling the truth.
Quote of the Week
You’ll be amazed at how Ayn Rand’s classic best seller, Atlas Shrugged is just as relevant today as it was in 1957 when it was released.
Is climate alarmism about saving people or virtue signalling. If it’s saving people then you’ll want to hear these shocking stats. If it’s virtue signalling they’ll mean nothing to you.
A profound tragedy puts the spotlight on the question – what would it take to lose your driver’s license permanently?
Most people have no idea what the goals of the Climate Strike are – even though they are spelled out on their website, which makes it obvious that climate alarmism is being used to advance a clearly stated ideological agenda. Our children are simply pawns in the bigger power game.
Is the next Financial Crisis on the Horizon? If it is, can you afford to be complacent? Learn specific techniques that will help you emerge from the potential chaos with your family’s Purchasing Power intact.
This 50 minute live webinar is FREE for MoneyTalks listeners and subscribers. CLICK HERE to register and watch.
- Generate consistent income to protect your family’s retirement lifestyle
- Protect from the Govt Bond Bubble and massive currency swings
- Diversify intelligently into Private Assets and Precious Metals
- Benefit from short-term swings with Long-Short strategies
- Minimize your Portfolio Volatility to avoid panic selling
Presented by Andrew Ruhland of Integrated Wealth Management