Category: The Money Game

In the latest episode of The Money Game, Phil and I talk about the old cliché, ‘Everything happens for a reason’.

It’s funny because it doesn’t. Not everything happens for a reason. What’s the reason?

It’s hard for humans to accept the element of randomness. Sure, good things can happen after a tough breakup or losing your job. Like you can meet your future wife or start a successful business, all after what seemed like a negative event in your life. But connecting the 2 dots is silly.

Now, it’s perfectly natural for us as humans to want to do that, but it doesn’t make it right.

We inherently want to learn, and how I see, the best ways to learn are from experiences. Some of the most important lessons I’ve learned came the hard way, for sure. And I can think back to those moments and I’m now thankful for them. But they certainly didn’t happen specifically so I could use that information to my advantage today. They were just events that happened, that fortunately I learned from.

I think to believe that everything does happen for a reason makes you incredibly self-centered. You are a tiny spec of nothing in this massive spinning universe. To think that events all around you are happening for your benefit, or for some made up destiny of yours, seems irresponsible.

Good things happen all the time in bad scenarios. Bad things can also come as a consequence of positive events. For example, the global pandemic was horrible. Many people died, businesses were shut down and so many people have suffered, particularly mentally. BUT, in many cases, families have gotten closer together, a lot of people have gotten in better shape, with more time on their hands to exercise. Many of my friends are thriving in this environment.

That’s life. Things happen. It doesn’t have to be for a reason.

So what’s the prescription? Phil says to just live your life. Be a good person. Enjoy yourself.

We’re here. So let’s make the best of it!

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In this episode of the Money Game, Phil and I talk about how Technical Analysts have an advantage in the current global environment. The fact that we’re accustomed to focus on price behavior, and therefore tune out all the noise, we already have those good habits in place for a world filled with more noise than ever. I see people daily poisoning themselves with massive doses of news consumption, particularly horrible things happening all over the world. This conversation brings up some great points about taking care of your business, your family, your health and making sure that the things you can control are in order. If you don’t have your own house in order, you can’t help others. So if you really want to do right by the world, take care of yourself first, and then you will have the ability to help those in need. 

This was a really cool comparison Phil is making about the advantages technicians have in the current world.

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In this episode of the Money Game Podcast Phil and I talk about the stock market making all-time highs while sentiment points to very few bulls. This is an interesting dynamic where the behavior of the market is pointing to one thing and the behavior and emotions of society are saying something different. I’ve been in the camp that this negative sentiment unwind is precisely the catalyst to take stocks much higher, not just in the U.S. but around the world. It’s very rare to have stocks this strong, yet so few people betting on higher stock prices. It’s pretty awesome. We also talk about the deterioration, or at least an end to the expansion we’re seeing, in the upside participation in stocks. We’re seeing MORE stocks, sectors and global indexes participating to the upside, not fewer. Until that stops, we want to keep looking for stocks to buy.

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