mistletoe
Joined 10 years ago
Joined 10 years ago
In my defense, he has ramped up his horrible behavior greatly in the last six or seven months to a near crescendo now.
This is one of the craziest stances/lawsuits I’ve ever read. Boglehead thought has taken over so much that the shareholders are referring to a nebulous diversified portfolio as something that somehow must be protected by law. That’s too far out there.
I admire efficiency a lot but I don’t think digging around in a chest freezer is worth saving $31.50 a year. Others may feel differently.
People holding stocks may never see ATH either, it’s the risk we take for the mental construct we believe in.
History says they probably will, as long as they hold a diverse portfolio.
Unfortunately crypto has become just a leveraged bet on the stock market and has lost much of its uncorrelated asset status. If the stock market recovers, crypto recovers even harder. Ethereum price is like a higher leverage TQQQ if you check the charts. I liked it better when it was uncorrelated.
https://www.alameda-research.com/our-team
Whether that is true or not, I don’t know. But from their tweets and podcasts it does seem they approach things very differently and in a way that makes sense.
https://fortune.com/crypto/2022/08/25/sam-trabucco-quits-co-...
For those not in the know, Alameda is THE trading firm in crypto that everyone always assumes is causing liquidations. For them to be insolvent would be a huge deal.
It’s crazy to watch greed pollute the minds of crypto trading firms like Three Arrows Capital and Alameda. Zhu Su put it best in his own tweet long ago before the greed set in and he needed more and more gains.
https://twitter.com/zhusu/status/1092305648904065024
“Bad TA (technical analysis) is not just marginally bad--it can mean being net down trading an asset that has gone 1,500x and is still 250x from start date.”
“For much of 2017, Buy and Hold was actually the best performing strategy since Jan1 2013 of ALL TA strategies possible. This can easily become the case again if we go on a bull run at some point.”
Crypto gains are so large that there is no need to go crazy with trading and leverage and the crashes every four years are actually a great boon as long as you realize they will never go away.
There is light during the day in winter it just doesn’t last as long, so important to get what you can. I may explore building some led lights for when the sun goes down. UFO lights on Amazon are quite inexpensive now and very efficient. Heat they generate indoors in winter works to heat the house as well and depending on your gas prices might not be that bad compared to your gas furnace or could even be cheaper so it is like free strong lighting.
https://www.pickhvac.com/calculator/heating-annual-cost/
A good calculator here. A reminder that LED lighting is ~100% efficient just like an electric space heater, as all heat generated is trapped in and heats your house. Of course things like heat pumps can reach over 100% efficiency (up to 300%!).