The LongVol Report Issue 17
Happy Sunday, I hope you read the subtitle.
If you missed the WYMTW Ep. 11 - you can watch that here.
I read a SubStack this morning and one of your Gurus started it with a line that was something like “I know a lot of you are in a panic right now and there’s no need for it”- I love that line.
Years ago I had an attorney tell me one time there were three lies:
The checks in the mail
I’ll still love you in the morning
I’m from the government and I’m here to help you
They should add that line above to that because it’s the same line financial advisors tell their clients when this happens.
A few weeks ago it was “The long term trend is still up”
All these lines are dumb. Point blank.
It says you’re to lazy to trade, to re-allocate, to generate alpha.
Period.
Problem is, very few of them eat their own cooking so it doesn’t make a difference.
I eat my own cooking, so much so, that if I miss on the recipe I’ll be back eating Chef Boyardee and forced to become an Instagram finance guru and pretend to know what I’m talking about…..and nobody wants that.
Issue 17 is inside.