Isaac Newton

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You're Just Not Prepared For What’s Coming

Not even close
Saturday, December 2, 2017, 12:57 AM

All bubbles burst -- painfully of course. That’s their very nature. Mathematically, it's impossible for half or more of a bubble's participants to close out their positions for a gain. But in reality, it's even worse. Being generous, maybe 10% manage to get out in time.

That means the remaining 90% don’t. For these bagholders, the losses will range from 'painful' to 'financially fatal'.

Which brings us to the conclusion that a similar proportion of people will be emotionally unprepared for the bursting of these bubbles.  Again, playing the odds, I'm talking about you» Read more

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It’s Bubble Time!

Wisdom & discipline will separate winners from victims
Thursday, February 23, 2017, 5:50 PM

It's impossible to predict with certainty how much more insane our financial markets will get before an inevitable correction, but my personal bet is “a lot!”

For my reasons why, take a few minutes to watch the chapter on bubbles below from The Crash Course. For those who haven't seen it before, the takeaway is this: bubbles pop only when greed in the market has been exhausted. » Read more