SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 396.31-0.6%Dec 31 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TobagoJack who wrote (43718)12/10/2008 8:34:30 PM
From: carranza2  Read Replies (1) of 218879
 
my general direction is to (i) get out of the dollar

Absolutely agree.

It's the last bubble. And all bubbles without exception burst.

It's my home currency so being 100% out is impossible, but I do minimize my holdings as much as I can. My only forex currency holding presently is the loonie.

I've been reading Taleb, who is a bigger bear than Roubini, but a much more well-based one, IMO. Realized I was following his advice without being aware of his existence.

You'd appreciate this from his blog:

fooledbyrandomness.com

Much of the happiness research invites people to be satisfied with their assets and live comfortably on 1.x times minimum wage. “Money does not make you happy” they say, self-servingly, since they are all academics and do not necessarily know what money means outside of experiments which they seem to call “real-life” (I don’t believe it is that simple, as general statements like these have so much variance that particulars might not match). But I am certain that “having money” is certainly necessary; greed and hoarding are good, particularly when you don’t spend it and wake up every morning to count the beans. Why? Because of the possibility [of] extreme, unexpected events. You just need a larger buffer than we are told by the fools. You need redundancy. A lot of redundancy.

Taleb's extremely erudite, much more than I could ever hope to be, so his blog can be rough sledding. Still, very much worthwhile.

Concisely:

youtube.com

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News