sfsamperi.blogspot.com

You have to survive

You have to survive
Every day is a battle, survival is rule #1

Wednesday, June 29, 2016

People Do Not Care About Principles

People of the world definitely do not care about principles, they only care about what they already know.

When there was a shooting in Paris, 'the world cried', 'jes suis paris' and all that solidarity stuff.  When ten times as many people were being slaughtered or enslaved in africa at the same time hardly anyone said a word about it.

Recently there was a shooting at a homosexual night club in Orlando, Florida on 'latin night'.  It was in the news a lot for a couple weeks.  Just now a shooting at an airport in Turkey resulted in almost triple the amount of dead/wounded but with little coverage.  It was significantly worse than what happened in Orlando.  Orlando has a good reputation, its fun.  They even opened up the airport the next day.  Just a busy day for police, paramedics and custodians, back to work!

People don't care about violence so much, only violence that is near them or near something they consider special.

Many people do not check their 401k's that often but lately they have been because Brexit was in the news.  Many people made trades to change their portfolios when the market only went down a percent or so.  People were scared, but hardly anything happened.  It has only been a few trading days since and market averages are almost back to where they were.  But people were scared just because it was in the news.  They were scared because they consider the United Kingdom a special place.  If Denmark or Estonia or Poland left the EU, noone would say much because they dont have nice reputations like the UK.  In the UK there is a royal family and old clock towers and bridges.  James Bond, Elton John, The Beatles, Adelle, Rolls Royce, Bentley, Jaguar, Land Rover, Triumph, Robin Hood, Winston Churchill, fish n chips, chef Gordon Ramsey and the list goes on.  The UK has a reputation where they have stuff and its a 'good' country.  These ignorant investors I share breathable air with may not be able to  locate Britain on a map or tell me why leaving the EU is a good or bad thing, but they were scared.

Of course I did nothing.  I am in long term trades so one hiccup in the markets does not matter.  Even if I was in short term trades, I would have let them run there course or at the most, avoided trading going into the vote.  I am just so great it hurts.  Humility is for the runner up.

I just feel like everyone is confirming for the millionth time that they are clueless about what is happening in the stock market and their retirement accounts.  But now I am wondering, what changes did people make?  Apparently nothing too drastic.  The market has gone back to where it was.  The gap down from brexit has almost filled as of now.  I am still buying Dfemx, still buying China.  Speaking of China, Hong Kong is in a recession.  That island's economy has been touch and go for a while. 

Well, at least Brexit happened.  That is something.  It is really boring when there is nothing going on.  You can always count on the British to try things.  They do stuff when they are bored.  I think they have too much knowledge and expertise for there own good.  It has to get real boring being an island on the west side of Europe.  Someone should let the British run Europe instead of Europe running Britain.

No comments:

Post a Comment