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Opinions Are Worthless...

A couple of days ago, I read an article that said, “The economy has stabilized and is growing again…” Today, I fired up my computer and read online about some major companies posting record losses in the billions of dollars. Such a contradiction reminded me of something I read in Three Feet From Gold. I have mentioned the book on this blog a couple times. It is by Sharon...


3 Responses to “Opinions Are Worthless”

  1. Adam Moon says:

    Good morning Jeff. One of the first things I learned from you and will never forget is” trade what you see.” Sounds obvious right? What did Buffet say,” Forecasting says alot about the forecaster and nothing about the future.” It makes me sick to my stomach when I hear BS about the economy or certain stocks from people with personal agenda’s. It doesn’t matter to me which way it goes as long as it goes!

  2. Martin Portner says:

    Jeffrey:

    Thank you for posting this. I agree totally. Not only are we being bombarded with opinion, even those who express the opinions have some sort of interest in pushing their views. One commentator might be shorting the market and therefore will predict a slow down in an attempt to influence a sell-off; those who are long may do the opposite.

    I am not going to offer an opinion on the market to anyone. One attorney told me once: “There are two kinds of advice: advice that you pay for and advice that is not worth a d__n!” How true. Just consider that when you read the WSJ or watch CNBC, that you are getting FREE advice and it is worth exactly what you paid for it.

  3. Tony Monk says:

    None !! I only listen to my master mind group, who happens to be you Jeff, and Peter shultz who has 30 years experience in trading spreads and options in general. You both are my mentors and master mind group, and both of you are the only ones that I am going to take advice and learn from, thank you.

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What Does Your Mind Cling To?...

Today, I got a few questions for you, and I’d really like to hear what you think… so make sure to leave a comment after this post. Numero Uno…  Are we born with a certain “need” for stability and predictability in our lives? Or, is that “need” ingrained into our minds by those who influence us most through life? Personally, I believe the second question is...


3 Responses to “What Does Your Mind Cling To?”

  1. Robert Carr says:

    I started racing sports cars at age 69. What do you think?

  2. Jeffrey Post says:

    Jeff,

    We have definitely been trained that way! We are trained to go to college and get a good (stable and safe) job. We are also taught to diversify our investments and invest for the long term. What a falacy.

    I just read the latest book by Robert Kiyosaki, “Conspiracy of the Rich: The 8 New Rules of Money”. This book confirmed many of the things that I thought were true.

    That is why I invest using credit spreads. I can move in synch with the direction that stocks and market indexes are moving. Monthly icome generation is the ONLY way to go!

    Jeffrey Post

  3. kevin k says:

    Jeff you are spot on with #2 I have been
    one of your members for over a year now and,I still am having a hard time pulling that first trigger to just doing it and start paper trading.I’m so close I can taste it,but none the less it has just not happened.The fear & uncertainty must run that deep.
    P.S. next time I contact you I want the light bulb burning bright,and heading for the alstars group.

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