My best friend built a neural network based trading system in 1994. He risked his $100,000 inheritance on it. His parents were killed by terrorists in the First Intifada and left him this money.
Central banking intervention into the US bond market to lower bond yields (10-yr bond yields fell from 8% in 1994 to 4% in 1998) for the benefit of bondholders bankrupted him. His neural net didn't predict outside intervention. After he lost it all, he became despondent. He shot himself in the chest with a shotgun.
So, if you were my best friend, I'd tell you this:
We are all Noah. We are all at risk of drowning in a flood of desires. Drowning in a flood of worthless, central-bank-printed, fiat currency. Build an ark, a refuge, to protect yourself from the flood of desires and self-centeredness that are drowning us.
In the Dammapada, the Buddha said, "Desires are never satisfied, not even by a shower of gold. He who knows that the enjoyment of passion is short-lived and that it is also the womb of pain is a wise man."
So forget about making an extra $100,000. We could go into hyperinflation tomorrow, and your extra $100,000 savings would become worthless overnight.
Stop chasing paper and do something worthwhile instead.
Central banking intervention into the US bond market to lower bond yields (10-yr bond yields fell from 8% in 1994 to 4% in 1998) for the benefit of bondholders bankrupted him. His neural net didn't predict outside intervention. After he lost it all, he became despondent. He shot himself in the chest with a shotgun.
So, if you were my best friend, I'd tell you this:
We are all Noah. We are all at risk of drowning in a flood of desires. Drowning in a flood of worthless, central-bank-printed, fiat currency. Build an ark, a refuge, to protect yourself from the flood of desires and self-centeredness that are drowning us.
In the Dammapada, the Buddha said, "Desires are never satisfied, not even by a shower of gold. He who knows that the enjoyment of passion is short-lived and that it is also the womb of pain is a wise man."
So forget about making an extra $100,000. We could go into hyperinflation tomorrow, and your extra $100,000 savings would become worthless overnight.
Stop chasing paper and do something worthwhile instead.