War Room Lounge v54: I was there for Kimura-Gracie, solid crowd

[Higus]

Small petite women look younger?

Never considered the loli angle, tbh.

 

[Unknown Pleasures]

huh.
I never peaked into the stock market thread before, so I took a look at a few pages. Its seriously just 2-3 people consisting 99% of the posts.

Yeah, it is. Not a bad thread, but what me lol was after all that chatter and reading a whole ton of post, one of the two big contributors and high falutin day traders mentioned the size of his (tiny) trades and I was like , then .

 

[Unknown Pleasures]

Call it intellectual hubris, but I am fairly certain that I could make good money trading stocks just based on social and political trends. My confidence was validated, in whatever minor way, by a simulated stock app (I had a roommate in law school that was in a work pool, took my suggestions, and won it).

Interesting, because to win a stock picking contest with a lot of entrants typically involves the creation of a portfolio that goes against logic of what a good investment portfolio is.

I mean, if you have 30 people entering, and a reward only for first, and the downside being you lose your "entry fee", your goal would be to have the most volatile portfolio you can find because a medium to low risk portfolio brings diversification effect that is typically bad for a winner take all type contest.

So if you have a contest under those parameters, say with a rule of having to pick a minimum number of stocks/weights, the best strategy is to find the riskiest stocks that number the bare minimum requirement, maybe check if they announce their results in the holding period of the contest, and wish for luck for short term price movement.

That ain't exactly the recipe for long investment success and ideal for portfolio building.

 

[Unknown Pleasures]

Forex is another form of day trading that seems quite complex. To my understanding it is day trading but instead of stocks it's about currency manipulation.

Not necessarily manipulation. Funny but north american investors are beyond fixated with equity markets.

Europeans tend to be much more involved in fixed income.

FX Market is the biggest financial market in the world >>> Fixed Income >> Equities.

It's way way way way harder to manipulate the FX market than equities.

 

[Sycho Sid]

Looks like Trump's people have a new chant.

"Send her back"

But of course, its not racist.

 

[luckyshot]

Saw an anonymous quote that seems to fit the moment:

“Racism is so American that if you protest it, people think you are protesting America.”

 

[Fawlty]

Interesting, because to win a stock picking contest with a lot of entrants typically involves the creation of a portfolio that goes against logic of what a good investment portfolio is.

I mean, if you have 30 people entering, and a reward only for first, and the downside being you lose your "entry fee", your goal would be to have the most volatile portfolio you can find because a medium to low risk portfolio brings diversification effect that is typically bad for a winner take all type contest.

So if you have a contest under those parameters, say with a rule of having to pick a minimum number of stocks/weights, the best strategy is to find the riskiest stocks that number the bare minimum requirement, maybe check if they announce their results in the holding period of the contest, and wish for luck for short term price movement.

That ain't exactly the recipe for long investment success and ideal for portfolio building.

I'm sure the rules could make a serious difference for strategy, but with my nonexistent knowledge that's what I'd be thinking. Pick the narrowest lane possible and jam it. Not necessarily maximizing volatility by picking all of the highest-variance plays, but rather having as little diversity as I could get away with.

 

[Gregolian]

Does/did he exclusively date Asians before your mom?

No

 

[Graves The Elder]

am I reading this right in this week's edition of The Economist?
US economy on the increase for a record number of months ever, like 39 mos or something?
New jerbs created in June at 224K, off setting unemployment which is at a 30 yr low, especially in
inner city areas?

how is anyone planning to beat this guy with the orange hair and the big mouth?

 

[Liquid Smoke]

how is anyone planning to beat this guy with the orange hair and the big mouth?

By throwing a fit in the middle of the street.

 

[HereticBD]

I'd disagree that he has any knowledge of anything but investing jargon.

Sometimes I like you.

 

[Liquid Smoke]

Saw an anonymous quote that seems to fit the moment:

“Racism is so American that if you protest it, people think you are protesting America.”

Racism is so American people will literally jump the border to be here.

 

[Lead]

I'd disagree that he has any knowledge of anything but investing jargon.

He bugged me a bit when he claimed GAAP or any accounting is a scam. If he truly believes that, he shouldn't trust the market at all.

 

[luckyshot]

Racism is so American people will literally jump the border to be here.

Thanks for illustrating the point.

Also:

 

[Liquid Smoke]

Thanks for illustrating the point.

So you admit America is far better than the alternative?

 

[Fawlty]

Thanks for illustrating the point.

Also:

This hierarchy is so ubiquitous in 100-level courses that I think reading this post should earn a college credit.

 

[Liquid Smoke]

This hierarchy is so ubiquitous in 100-level courses that I think reading this post should earn a college credit.

@luckyshot putting his hard earned degree to good use.

 

[Lead]

@luckyshot putting his hard earned degree to good use.

I wonder if the majority of baristas know they are used as an example of a failure? Seems like there are way better examples you could use but barista is the go to. It would be weird to avoid a job just for that reason but I could see myself hesitating if in that positon.

 

[BarryDillon]

but rather having as little diversity as I could get away with.

The absolute state of things.

SMDH.

 

[Liquid Smoke]

I wonder what it's like being a barista.

It probably sucks. You're on your feet all day, pay is low, and you have to deal with assholes and their half-cafe no-whip crapachinos.

Do the majority of them know they are used as an example of a failure?

They must have an idea.

Seems like there are way better examples you could use but barista is the go to. It would be weird to avoid a job just for that reason but I could see myself hesitating if in that positon.

When I fucked around in school my Dad would say "you're gonna end up pumping gas". So yeah you're right but I think the barista is more fitting for the fuckup with a BA in some bullshit.