Biblical Stock Picks

[Champakian]

Shades of Kurt Vonnegut.

"Wall Street has always found ways to promote its investment gurus, which all too often have been loudmouthed alpha bros. In the past year, however, the hottest alleged wise man has been a wise woman: Cathie Wood, a 65-year-old devout Christian and once divorced, once widowed mother of three who reads the Bible each morning, backed Trump, and heads up her own “disruption”-focused investment firm, Ark Investment Management. Less than seven years after she started it, the firm now has more than $53 billion under management."

https://airmail.news/issues/2021-7-31/prophet-of-the-golden-bull


I wonder if she uses the same strategy, In the beginning...

Buy IT.

 

[Sean]

Throwing a dart at a newspaper while blindfolded will get you a similar return to most so called stock gurus.

 

[Champakian]

So how has that worked out for you to date?

 

[Sean]

So how has that worked out for you to date?

I don't play. Very little interest.

 

[Champakian]

I don't play either.

I tended towards funds.

That made me very comfortable financially.



The well-managed funds are managed by what could be characterized as gurus.

 

[rockcasbah]

The low interest environment of the past 15 years has pushed money to the markets, which at some point will end badly for some.

 

[bojomok]

Wall Street is a separate nation and caste. I don't always understand them

 

[Champakian]

The low interest environment of the past 15 years has pushed money to the markets, which at some point will end badly for some.

It's the only hedge that we have against inflation (outside of precious metals
and that presents separate problems such as storage) and with the new
administration and the flood of freshly-printed money,
that need has been exacerbated...

 

[rockcasbah]

It's the only hedge that we have against inflation (outside of precious metals
and that presents separate problems such as storage) and with the new
administration and the flood of freshly-printed money,
that need has been exacerbated...

It’s similar to the years leading up to the banking crisis… much of the growth is false.

The United States has been fading in economic power since 9/11… the propping up and sleight of hand only goes so far if the fundamentals aren’t there.

Both parties are responsible. All americans are responsible.

 

[Champakian]

When others rise, does it necessitate that you are fading
or does a rising tide lift all boats?

 

[rockcasbah]

When others rise, does it necessitate that you are fading
or does a rising tide lift all boats?

I think you’re well past homilies.

 

[Champakian]

I think you’re well past homilies.

I accept people for who they are, not who they love.

 

[Philthy_Phil]

Fat wannabe fighter boi is giving financial advice?

 

[jomar]

Fat wannabe fighter boi is giving financial advice?

More like he started a thread to humble brag he’s financially comfortable on paper.

 

[Champakian]

You'd be wrong. It's just something that I found interesting and
somewhat of a statement on the true value of financial "expertise."