So f’n cool to see Druck publicly laying his track record on the line so auspiciously. Don’t recall his MSM tour being so offensichtlich but, it’s gotta be freaking out Fund Management & IB’ers by providing clarity on time & outcome & alternatives within a designed period of time (next 12mn). All for f’n free.
Imagine if he is anywhere near close to his forecasts? Bankers, brokers, who run money for fees & F it up, get to eat a SS.
Where am I going w/ this? If Druck strikes out, he has nothing to lose b/c he’s not beholden to shareholders. If he hits a double, triple or gone run, the guy goes down in financial history as not only a GOAT but, a man who brought a clear message to the common man.
I went to buy a hot dog at the stand today outside the Home Depot. 50% price increase. When I asked why, the weiner maestro explained that because Jerome Powell won’t directly monetize BREIT redemptions- meat prices were heading one direction. And it ain’t lookin pretty.
After gathering a few others in the parking lot - we all didn’t speak English but agreed unanimously that our red line was if ketchup and mustard were no longer offered gratis- that every brat was getting dumped in the Boston harbor that night.
OMG the concluding quote had me spit out my wine. So true.
Coincidently I listened to Druck while walking the dog today - it’s hard not to like him - he’s both honest and modest - fallible and brilliant - and he trusts his instinct. It’s the instinct part I liked - I believe if one can trust their instincts, life can work out ok (speaking more broadly than finances).
Buffett always seems to praise the Fed but it was interesting to see him criticize the 2% target at the annual meeting. He said the fed should have never changed from 0% to 2% as a target, that a policy of explicitly saying you’re going to depreciate the currency is bad. I was surprised by the comment.
I just read Chancellor's book, and it is eye-opening and logical. Thanks for both that recommendation and the Druckenmiller video. More great work, Rudy. And note that even Buffett is now saying the party's over, gently and politely, but making his opinion public.
Gore bastardized a great line, too bad he's been as wrong on climate as the Fed is on monetary policy. The line applies to just about every decision at the leadership level these days, but "they" don't understand that it applies more to the decision-makers than it does to the masses - what's the over/under for out-of-touch?
Any serious person, whom I include both Grantham and Druckenmiller, complaining about government largess in one breath and the willingness to spend 40T-50T over 30 years in the next breath fighting climate change is a bridge too far for me. Irrespective of their views on climate change.
It may seem disingenous, but just because I may disagree with people on some things doesn't mean I can't strongly agree with them on other things. I'm looking for common ground.
So f’n cool to see Druck publicly laying his track record on the line so auspiciously. Don’t recall his MSM tour being so offensichtlich but, it’s gotta be freaking out Fund Management & IB’ers by providing clarity on time & outcome & alternatives within a designed period of time (next 12mn). All for f’n free.
Imagine if he is anywhere near close to his forecasts? Bankers, brokers, who run money for fees & F it up, get to eat a SS.
Where am I going w/ this? If Druck strikes out, he has nothing to lose b/c he’s not beholden to shareholders. If he hits a double, triple or gone run, the guy goes down in financial history as not only a GOAT but, a man who brought a clear message to the common man.
Go for it Hombre 😻💪🎯
Such a contrast to the narcissistic greedy whiners like Bill Ackman.
Macht weiter so Hombre Du bust da beste 💪👍
I went to buy a hot dog at the stand today outside the Home Depot. 50% price increase. When I asked why, the weiner maestro explained that because Jerome Powell won’t directly monetize BREIT redemptions- meat prices were heading one direction. And it ain’t lookin pretty.
After gathering a few others in the parking lot - we all didn’t speak English but agreed unanimously that our red line was if ketchup and mustard were no longer offered gratis- that every brat was getting dumped in the Boston harbor that night.
OMG the concluding quote had me spit out my wine. So true.
Coincidently I listened to Druck while walking the dog today - it’s hard not to like him - he’s both honest and modest - fallible and brilliant - and he trusts his instinct. It’s the instinct part I liked - I believe if one can trust their instincts, life can work out ok (speaking more broadly than finances).
I enjoyed the review of Chancellor’s book too
Buffett always seems to praise the Fed but it was interesting to see him criticize the 2% target at the annual meeting. He said the fed should have never changed from 0% to 2% as a target, that a policy of explicitly saying you’re going to depreciate the currency is bad. I was surprised by the comment.
I just read Chancellor's book, and it is eye-opening and logical. Thanks for both that recommendation and the Druckenmiller video. More great work, Rudy. And note that even Buffett is now saying the party's over, gently and politely, but making his opinion public.
Warren to my knowledge never criticized the years of ZIRP and the trillions of QE.
His recent comments though quite mild are a sea change.
Gore bastardized a great line, too bad he's been as wrong on climate as the Fed is on monetary policy. The line applies to just about every decision at the leadership level these days, but "they" don't understand that it applies more to the decision-makers than it does to the masses - what's the over/under for out-of-touch?
I’m reading Druckenmiller’s speech but must admit I spilled my gin & tonic over “resources to fight climate change”.
Jeremy Grantham is more of a climate activist. Part of his whole package.
Any serious person, whom I include both Grantham and Druckenmiller, complaining about government largess in one breath and the willingness to spend 40T-50T over 30 years in the next breath fighting climate change is a bridge too far for me. Irrespective of their views on climate change.
It may seem disingenous, but just because I may disagree with people on some things doesn't mean I can't strongly agree with them on other things. I'm looking for common ground.
I’m in agreement there. It’s just their hypocrisy over the “type” of government deficit spending that leaves a bad taste.