Did you catch the Sunday New York Times article on the supper clubs in Palm Beach? Look, Your Survival Guy loves Palm Beach, especially lunch at the Brazilian Court, but a supper club? Sounds expensive. But wait a second. When I started running the numbers, I thought, “Self, it could actually work.” That is, if it’s the right one. You don’t have to be an uber-wealthy billionaire to have a nice life. Look for more supper clubs to show up, especially away from super high tax states. Welcome to Florida. OK, you really can’t make up these headlines. Pension funds rethinking private equity … [Read more...]
Your Survival Guy’s BEST Insider’s Guide to Key West
Happy Monday from New England. Your Survival Guy’s thin blood is adjusting to the cold, having just returned from a tropical island getaway to Key West. I’m here to report that the Conch Republic is alive and well. And notice it’s not a democracy. The Republic is where you go to get that neighborhood walkability without all the sensibilities. Tops on our list are lunches at Louie’s Backyard and the Thirsty Mermaid. Say hi to Patty at Louie’s and Ionela and Ava at Thirsty, and enjoy your cheeseburgers in paradise. Both are fab. And be sure to hit the waterfront at the Half Shell Raw Bar to … [Read more...]
For Whom Is Your Portfolio Serving?
Pressure and prices are no friend of the Prudent Man. When there’s pressure for your portfolio to “do something,” then you’ve already lost the game. The same is true with prices. If you need prices to get to some level, then forget it. Pressure and prices? These are terms for the speculator. Someone Your Survival Guy has no interest in serving. But there is a brighter way forward. Once you focus on a portfolio built on patience, dividends, interest, and compounding, an entire world opens up to you. One in which you control your destiny and can rise above the fray. You know, trusting other … [Read more...]
ESG: Are Markets Ready for “A Needed Dose of Reality?”
You have been reading for years here on YourSurvivalGuy.com about the dangers of ESG investing. Here's a small sample of what Your Survival Guy has been telling you about ESG investing and its proponents: You Invest, They Win: ESG Is a Money Grab The Woke ESG Investing Money Grab is Falling Apart Your Survival Guy Never Buys ESG Funds Ever EXPOSED: ESG’s Biggest Con Explained Is Your Financial Advisor Hiding the Truth About ESG? ELON MUSK: “ESG Is the Devil” ESG, Richard Young, Jack Bogle, and You ESG Money Managers Are Feeling the Heat ESG Is Another Way to Attack … [Read more...]
Was Silicon Valley Bank a Victim of ESG?
You know that markets need a dose of reality when it comes to ESG investing. But was Silicon Valley Bank brought down by ESG? That's the question Kimberley Strassel asks in The Wall Street Journal. She writes: While the main reason SVB failed was its decision to buy bonds at the top of the market (it got hit when it had to sell), it had also in the past few years further stretched itself by sizably increasing its loans and lines of credit to subprime firms. How much of that would have happened if not for the Biden pot of gold at the end of the green-tech rainbow? A Washington Post story … [Read more...]
Are You Living Your Best Life?
Sitting in my cave today. Looking out at the beautiful landscape. Thanking myself for peace of mind. Knowing it’s my own decision to take shelter. It’s been a long time. Independent thinking is a lonely journey. Yes, it helps knowing this storm, too, will pass. But when? Will they ever learn? Because it’s in times like these, I appreciate the wisdom of my elders. Thinking about the fireside chats they shared with grace. Learning to tread lightly and to avoid the eager man looking to tread on me. I don’t like eager. I don’t like exciting. I’m fine preserving myself. Self-preservation is a … [Read more...]
March RAGE Gauge: Will the Black Swan Usher in Digital Dollars?
What’s most disturbing about a black swan event is how it affects the rest of us. What will this non-bailout, bailout of Silicon Valley Bank and Signature usher in? Will we have a new way of banking where the Fed gets to call the shots? Will digital dollars be their way to control us? Risk perception is once again pegged to the maximum on my RAGE Gauge. Is it any wonder? War in Europe, inflation at home, the potential for a rerun of the global banking crisis that happened in 2008 and was supposed to be a "once in a century" event. And the government wants you to believe that digitization of … [Read more...]
Will the Black Swan Usher in Digital Dollars?
What’s most disturbing about a black swan event is how it affects the rest of us. What will this non-bailout, bailout of Silicon Valley Bank and Signature usher in? Will we have a new way of banking where the Fed gets to call the shots? Will digital dollars be their way to control us? Because it’s times like these when those in power usher in change in the name of following “the science.” Will this give them the extra inch they need to tell us that currency digitization is for our “protection?” One thing’s for sure, we’re not going back to the way life was. Sitting in my cave, it never … [Read more...]
Why Investors Should Forget Prices and Focus on Income
Originally posted on August 30, 2022. Investing can be a dangerous endeavor, especially when it depends on things we don’t control, like prices. Prices are unpredictable, yet it never ceases to amaze me how many retirees bank on the following phrase: “Well, the stock market always comes back.” Really? Allow me to add: “But not on anyone’s schedule.” Listen, stock market corrections mean different things to different investors. The investor who retired last December is licking his wounds, wondering how he could be so unlucky. And there’s a good chance he sold at or near the bottom so … [Read more...]
The Education of Barney Frank
After authoring one of the banking industry's largest regulatory bills, Barney Frank, ironically, has found himself on the regulated end of a bank failure. Frank, who has been on the board of Signature Bank, which just failed, is now learning just how difficult life can be for regulated businesses. The editors of The Wall Street Journal write: Life is full of irony, but it’s hard to think of a richer one than Barney Frank sitting on the board of the failed Signature Bank. The former Congressman who was the scourge of Wall Street, the co-author of the Dodd-Frank Act that was supposed to keep … [Read more...]
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