Hi Edwin, You are right about both the pessimism and the spoiled expectations by the spoiled speculators. For a while I believed, and basically still do, that I only invest in things with a potential to double within a 12 months span, whether by direct appreciation or by some option play.
Only thing that has changed is I am even more cautious than before, as while the boat is still afloat, the galley seems to be full of water, and the rations are soaked. Only good thing is that the engine (active working income) is still in good shape, battery (cash level) is not drained, fuel (health) is not down or polluted, and the superstructure (marriage and net asset level) is still solid.
Compared to January/February, I have simply been blown off course many many miles from that imaginary tranquil cove.
On banking, not as boring as things can still get, with us conversing about the super neat 0.5% interest rate increase for the JGB, the duper refreshing 10% Yen rise against the dollar, followed by that enticing opportunity in General Electric 2027 bond with effective yoeld to maturity of 15%. I really hope these visions to not come true.
Even more OT than above: highly recommend Hannibal book (sequel to Silence of the Lambs). My legs do not tremble while reading books normally, but here I make exception. |
