Stanley Druckenmiller warns of an Endgame in Equities ~ He’s into Gold

Stanley Druckenmiller

Stanley Druckenmiller warns of an Endgame in Equities ~ He’s into Gold 

He makes out quite a compelling case for an endgame in Equities with this address earlier this month at the celebrated Annual Sohn Investor Conference of Hedge Fund Managers

He’s a self made Billionaire famous largely for the US $ One Billion Gains made in quick time in 1992 when he was with George Soros & they shorted the Pound

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Aswath Damodaran~Margin of Safety is an excuse for Inaction in risky times!

Chanced upon this latest from the well known Prof Aswath Damodaran who teaches Corporate Finance & Equity Valuation at the Stern School of Business in New York

Makes interesting reading as he expresses quite vividly the doubt our minds are occupied ,rather tortured with, when engaging in Valuation exercises in uncertain & risky times as now and how we deal with these

Here’s a Sampling of his mind in verbatim:

~”When stumped for answers, we almost invariably turn to others that we view as more knowledgeable or better equipped than we are to come up with solutions. Cynically, you could argue that this allows us to avoid taking responsibility for investment mistakes, which we can now attribute to consultants, text book writers or that person you heard on CNBC”

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John Wayne ~You have got to be a man first before you can be a gentleman

John Wayne  in ‘McLintock’ ~“You’ve got to be a man first before you can be a gentleman”

Whoa! Resonates strong with me !

Here’s Dan Steele’s take on it …an interesting extract below

“Gentlemanliness presupposes manliness. It’s a softening, a harnessing of the core characteristics of masculinity: strength, courage, mastery, and honor. A gentleman, as scholar Harvey Mansfield put it, is a manly man with polish.

The respect given a gentleman is thus premised on constraint.”

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Interesting Origin of a Few English Phrases & Customs

“Piss Poor”

They used to use urine to tan animal skins, so families used to all pee in a pot & then once a day it was taken & Sold to the tannery…….if you had to do this to survive you were “Piss Poor”

But worse than that were the really poor folk who couldn’t even afford to buy a pot……they “didn’t have a pot to piss in” & were the lowest of the low

The next time you are washing your hands and complain because the water temperature isn’t just how you like it, think about how things used to be. Here are some facts about the 1500s:

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It is fatal to work 20 hours at a stretch day in and out even if young!

Is it worth working 20 hours at a stretch day in and out even if young!?

Was sad to read about the death of one as young as 22 and upwardly mobile Indian youth working as an analyst with Goldman Sachs in San Francisco

How Wall Street killed a 22-year-old Indian at Goldman Sachs

The reason for his death is yet to be out but this young man was fed up of burning the midnight oil day in and out and had actually resigned only to rejoin….a sad and bad decision that probably resulted in his death….he was stressed out totally

One should not be working like this for hours on end with sleep deprivation taking a toll…I have observed that in the past two decades many young have been falling a victim to stress and some of them fatally too losing their life to cardiac arrest

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True Sensex Blood Advice for Indian Equities !

Here’s some True Sensex Blood Advice for Indian Equities !

“Stop worrying about what can go wrong, and get excited about what can go right”

No Point cribbing Retail Investors did  not participate in the Rally now and then !

Who or What stopped them ! ~ Surely Bad Experiences & Overcaution !

But then those who live in the past are condemned to repeat it and limit their future !

Here are a Few Inspirational Quotes that convey that Past has Past !…most are direct,some subtle and some cynical…..applies to Life but can apply to the Fear to Tread Indian Equities too

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