Aug

8

 1. The bookstores in major universities are bereft of books. At a recent visit to Duke book store in August I found just 1 test book for sale.

2. The American Tobacco Company has numerous buildings, warehouses, and apartments in Durham. At their entrance is a beautiful garden with the prominent sign: "no smoking". The downtown areas of big cities like Pittsburgh, Durham, and Buffalo featured expansive granite and stone office buildings in the 1920s. Every one of them is being torn down or renovated for startups and condos.


3.
The drift in the S&P, i.e its expected rise is significantly better than 10% a year during periods when they are in a declining qualitative rate excursion like they are in early August, 2019.

4. The systems and wise maneuvers for making money in sports betting are much more sophisticated, clever, and better researched than those in markets. And the 5% vig in sports betting is much less than the vig in futures markets now that they are dominated by high frequency trading.

5. The key to success in trading is to not get in over your head and the best way to do this is to have a good credit line to draw on when the top feeders in the markets try to devour the bottom feeders by forcing them out of positions through exacerbated and temporary moves which the bigs are able to withstand.

6. The stock market tends to go up inordinately in times when the home runs in baseball are higher than average for a season and after a down previous year.

7. The main reason that stocks go up more than bonds is the higher return on capital than companies show growth. The differential after a reasonable period of years becomes considerable because of compounding. This is the main reason that the Fed Model shows sensational returns.


8.
A trader should always prepare at least 1//2 hour in advance of his first trade of the day and never rush into a trade without preparation.

9. The main reason that NY basketball has been so bad is because of the higher service rates there and the pall left on the team by Ewing.

10. The fallacy of thinking that the odds of a rise or fall change after a long run is no fallacy. The principle of ever changing cycles makes the odds shift in to a reversal.

11. A good book on evolution and ecology is a great way to provide a foundation for market people.


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