What is going on today? - Megathread

As have the rest of Europe. Good chance your socialism will step in now and destroy the country.
It wouldn’t mind but it appears the better off have had the highest tax rises.

There is no speculation on how much Wells Fargo sucks, it has been in a long string of very immoral practices even against their own clients, to the point that Buffett’s Berkshire Hathaway eventually sold it’s massive stake (10%) in 2021-2022. And Goldman Sachs sucks too (pun intended), again no need to speculate, just search it up and you’ll find a list of very well known immoral practices; and again BRK got rid of its stake recently (2021-2022 if I remember correctly).

Really there is no way a long term investor could have been unaware of those practices, scandals and court cases, going on for decades and regularly making the front page of newspapers.

You may decide that funding deeply immoral practices with your own money is OK, (your money, your choice) but please don’t lecture the world with the fable that Soros is Evil and Buffett is the incarnation of all virtues.

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Speculation about Buffett’s behavior, not the bank. Please reread our conversation.

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This

I haven’t claimed Buffett is a saint. What I mentioned is that he doesn’t compromise his morals to profit from others’ misfortune, at least as far as I know. Additionally, watch the end of the video to sense Soros feelings towards his people who died in the war while his father confiscated their lands. He doesn’t feel remorse or even sorry. Even if Buffett were immoral, it wouldn’t be on the same level.

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Anyway, the sky is grey and I need to go to work to make money to buy more stocks for my collection :smiley:

Let’s agree to disagree on Buffett’s moral high ground.

Absolutely fine.


And we are out of recession.
Well done Sunak :crazy_face:

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Most of the stocks I own and watch are coming down, some start looking like falling knives.
There could be some unexpected and interesting buying opportunities, not sure yet

Can you smell the panic in the air?

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No I see nothing that supports that sensory perception.
Panic generally implies something like the COVID stock market panic. Is that what you “smell”?

It was a figure of speech called hyperbole.

Although some stocks have being trending down for a while, there was no panic in the streets nor riots. But certainty RIOT and the other BTC mining stocks were hit hard by the correction.

Panic not quite as yet, but yeah i do get a slight whiff of downside.

Arhh I have no mining so never noticed that.
EDIT I thought you meant real miners.
Definitely no bitcoin miners!

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Good evening :last_quarter_moon_with_face::full_moon_with_face::first_quarter_moon_with_face: -

As usual, we selected the best articles published in the past few days :point_down::

Portfolio Construction:

:arrow_right: Are we in a bubble?

:arrow_right: What’s the investment case for gold?

:arrow_right: Case for short term Fixed Income (T-bills & chill)

:arrow_right: Why you’re scared of investing

:arrow_right: The Largest Stock Markets Over Time

:arrow_right: Index funds are growing. So is their impact.

ETFs:

:arrow_right: The five factors that make up total ETF costs

:arrow_right: New UCITS ETFs including World ex-US

:arrow_right: Is the gold ETF story repeating itself with Bitcoin?

Brokers

:arrow_right: SAXO Review: Pros & Cons For EU & UK Investors

:arrow_right: Vanguard Investor UK Review – Leader in Hands-Off Investing

Active Investing:

:arrow_right: Don’t take it too seriously: Crypto Factor Investing

:arrow_right: Trading Options: A Primer

:arrow_right: Lots More on Why Japanese Stocks Are Surging

:arrow_right: This Investor Raised Billions by Making Complicated Ideas Simple

Wealth & Lifestyle:

:arrow_right: Wealth Needed to Join the Top 1%, by Country

:arrow_right: Being fired: ‘I was stronger and more resilient than I thought’

:arrow_right: How to deal with the mid-life happiness slump.

:arrow_right: Can a typical person become a millionaire?

:arrow_right: Population Growth by Region (1900-2050F)

Have a great Saturday!

Francesca from BoW Team :biking_man: :biking_woman:t3:

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Oops!
Amundi Did It Again!

An even cheaper global ETFs that seems behaving exactly like its more expensive cousins.

I just read Buffet’s owned 400 to 500 stocks during his life and made most of his money on 10 of them :exploding_head:

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UK Feb Inflation rate 3.4% vs 3.5%, 4% previous month

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I came across Ronald’s story in the book ‘Psychology of Money,’ and I believe it serves as motivation for any investor. He may not be as famous as Buffett, for instance, but I think he should be, given what he has achieved.

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Fantastic story, thanks for sharing his legacy here.

Much respect to Ronald Read :saluting_face:

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