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Andrew Tobias

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Andrew Tobias
Andrew Tobias

Money and Other Subjects

Is This A Great Country Or What?

June 11, 2024June 10, 2024

GREAT BOOK

Bill Maher’s new book is terrific.  What This Comedian Said Will Shock You.  (That’s the title.)  Everyone on the left and the right will find much in it to like.  Those of us who feel we’re in the sensible center will feel affirmed.



CAUTION

The stock market is awfully high.  Price/earnings ratios are at record levels.  If you’re invested on margin, you shouldn’t be.  if you’ll be needing to cash out some of your holdings in the next year or two, it may be wiser to sell now and put that cash into Treasuries.

“Timing the market” — getting out when you think it’s going to fall and back in when you think it’s going to rise — is not a long-term formula for success.  But neither is taking more risk than you can afford.



NEWS FLASH

The twice-impeached convicted felon Republicans are running for President — an adjudicated rapist who has been found liable for hundreds of millions of dollars in civil penalties and now awaits trial in three much more serious criminal cases — who cheated to get into college and cheated to get out of the draft, cheated on his wives, cheats at golf, cheated on his taxes, cheated contractors, cheated with his charity and stiffed creditors of the four companies he put into bankruptcy — “the undisputed world champion of destroying things,” as Tucker Carlson put it, whom dozens of his own former top staffers consider dangerously unfit for the job —  met with his probation officer yesterday.

Is this a great country or what?



 

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