Insights
“Every triangle has three corners. Every triangle has three sides. No more, no less, you don’t have to guess. When it’s three, you can see, it’s a magic number.”
- Bob Dorough, Schoolhouse Rock (1973)
Does the dog wag the tail or does the tail wag the dog?
As we continue to traverse the “Tariff Turmoil” together (try saying that five times fast), it is probably a good time to discuss some of the differences between the US Equity Market and the US Economy.
The Webster’s definition of degrees of freedom is “the ability of a rigid body to move in three-dimensional space”. A rigid body can have up to three translational movements (x, y and z axis) and three rotational movements around those axes.
“I was born for the storm, and a calm does not suit me”. -Andrew Jackson
The corollaries between climbing and descending Mount Everest are eerily similar to the mission of climbing and descending the financial mountain of our adult lives.
“I see great things in baseball. It’s our game. The American game. It will repair our losses and be a blessing to us.
-Annie Savoy, Closing Scene of Bull Durham (1988)
“Everybody has a plan until they get punched in
the mouth”.
The best way to explain our outlook on Gold and Crypto is to paraphrase Albert Einstein who once said something to the effect of “if you cannot explain it to a 6-year-old then you do not understand it yourself.”
“A fine, soft day in the spring it was when the train pulled into Castletown, three hours late as usual, and himself got out…”
-Father Lonergan, Opening Scene of The Quiet Man (1952)
How did Andy Dufresne become the most trusted inmate at Shawshank State Prison?
He gave great tax advice.
In Angela Duckworth’s 2016 book titled Grit: The Power of Passion and Perseverance, the author posits that resilience, and a little elbow grease are more important to long-term success than talent.