Topics: Learning curve, road to success, investing money;
Thursday, November 27, 2014
Wednesday, November 26, 2014
Well, I do not really diversify for diversification sake. That is not a way to make money. The way to make money in my view is to find the best things and invest in those things. Now, that may lead to diversification if you find good situations in counter X and another one in country Y. You diversify at least geographically. But I do not diversify, I try to put my things, you knee people say, "Don`t put all your eggs in the same basket!". Well, my philosophy would be to put a lot in one basket but watch that basket very, very carefully because you can go broke if you are not careful.
Tuesday, November 25, 2014
If you diversify you are not going to to make much money. So, the thing to do is to find the best opportunities, make sure you are right and then focus on that opportunities. So, I do not diversify for the sake of diversification.
More and more people are trying to move away from the U.S. Dollar. It is not good for me, I am an American citizen, it is not good for any American, but it is a fact of life and we have to deal with it. More and more people want to get away from America, get away from the U.S. Dollar.
The Chinese have more or less seemed to have stopped buying what they were before, their holding in U.S. Government Bonds, at least what they report is not going up very much, so that seems to have slowed down. The Japanese likewise. It is partially because they all know what I think I know, that the U.S. Dollar is a terribly flawed currency, they are trying to diversify away from the U.S. Dollar, so I think they have more or less stopped now. At least stopped increasing their positions, their ownership and more and more people are trying to move away from the U.S. Dollar.