A simple (and short) report this morning as we conclude our outlook for Q4.
I could go on about how other stories will impact our outlook, depending on the news flows and the like, but the fact is we have made far more money (and resultant net worth increases) by simply playing the big long-term waves than we have ever made on short-term noise trading.
Geared toward people with retirement nest eggs like ours, playing the short side is always tempting in declines. Fast, easy money is always tempting. But we tend to enjoy the sound sleep that comes with long side plays and holding cash in the a TreasuryDirect account.
“Bears make money, bulls make money, but pigs get slaughtered” is not lost on us.