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Apr 4, 2023Liked by Rudy Havenstein

Quotes you or your readers might find interesting:

The best lack all conviction,

While the worst Are full of passionate intensity.

-W.B. Yeats

It ain't what you don't know that gets you into trouble.

It's what you know for sure that just ain't so.

-Mark Twain

The urge to save humanity is almost always a false front for the urge to rule.

- H. L. Mencken

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author

They used the Twain quote in the Big Short. Mencken is another favorite.

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Apr 4, 2023Liked by Rudy Havenstein

Yeats poem, “The Second Coming”, seems a worthwhile read even if one doesn’t care for poetry.

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founding

Flipping through Dimon’s letter it occurred to me it would be very easy to nominate Rudy to JP Morgan’s board.

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What's it pay?

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Apr 4, 2023Liked by Rudy Havenstein

Your ability to connect the financial dots is second to none and would be a great compliment to the political and media corruption that Taibbi, Shellenberger and others are pursuing. I can imagine Substack as a platform for a new (old) style of journalism that searches for truth and is blind to power, and most of you are (rightly) getting paid but remain separate. Some collaboration to present a complete picture to readers would go a long way to combating NYT and other sycophant outlets, and I believe many readers would soon make the correct decision and only pay for the source that's bringing them the most accurate information...FWIW.

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Thanks. I think I do have an ability to make connections, even if I can't remember what I wore yesterday. I follow guys like Taibbi and others who are mostly free of the tribal nonsense and seeking the "truth." Since I produce a lot of content - good and bad - it's often hard to get to all the other "content creators" I'd like to. Plus almost everything interests me, and I'm often distracted from one topic to another. Part of the appeal I guess.

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Apr 4, 2023Liked by Rudy Havenstein

LMAO you busted me up with the Dalio one. Thank you Rudy, very cool.

I always suspected you were a bit of a gold bug

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author

Back when everyone in the MSM was pronouncing gold dead I wrote, "I'm not a gold bug. I just think, personally, it's smart to have some, as insurance - like having a homeowner's policy, or a shotgun."

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Apr 4, 2023Liked by Rudy Havenstein

Bingo, I've noticed everyone I read or listen to in interviews who is financially/economically literate seems to think something similar (Even Ray Dalio).

I'm the only young person I know who was bit by the gold bug a few years back. And it is unfortunate for me, but I'm just long the stuff and think I will make adequate returns coming years and sell my shares at a profit.

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To me, gold is a handgun you keep in a drawer and hope you never need.

And in case you don't know - mining stocks (and even GLD) are not gold. You can make a lot of money in miners, but you have to date, not marry, them.

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Bingo again. Gonna take em on a few dates and make them feel special. Then Jpow will capitulate and return to QE infinity at some point before 2025. I think gold will go ballistic similar to 18'-20' highs. My miners will rerate higher and I'll dump em.

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UFOs: plot twist...biological or spiritual entities.

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Reading through this reminded me of this Stanhope bit: https://www.youtube.com/watch?v=Y-wSEtbnpnI

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