“substituting a difficult question with an easier one” -- this is very on point and one of the reasons, I think, why macro newsletters always flourish. People look for confidence, certainty, a poignant story that boils down the complex and chaotic nature of markets.
I agree with that conclusion. It seems they do particularly well when the macro becomes more confusing too. Which is fine, because there are a lot of people putting out great work to explain what is going on in macro. There are always the odd few who decide to try make macro a simple black vs white to drive impressions though.
You seem to think that the 10 run rule (or "Mercy Rule") you mentioned universally applies to U.S. baseball games. I believe that is incorrect -- in particular, and most notably, I think it does not apply to "major league baseball" (i.e., the professional teams most followed by baseball fans).
Also, I believe that the excerpt you quote, but whose source you say you are unaware of, is from Bull! (apparently subtitled "A History of the Boom and Bust, 1982-2004"), by Maggie Mahar.
If only I had a tenth of your knowledge as far as what really counts (investment strategy, etc.). But I'm grateful for your extremely informative newsletter; some of the contents actually get through to my brain.
“substituting a difficult question with an easier one” -- this is very on point and one of the reasons, I think, why macro newsletters always flourish. People look for confidence, certainty, a poignant story that boils down the complex and chaotic nature of markets.
I agree with that conclusion. It seems they do particularly well when the macro becomes more confusing too. Which is fine, because there are a lot of people putting out great work to explain what is going on in macro. There are always the odd few who decide to try make macro a simple black vs white to drive impressions though.
Well if anyone can let me know which inning we are in with 100% accuracy I’m all ears
You seem to think that the 10 run rule (or "Mercy Rule") you mentioned universally applies to U.S. baseball games. I believe that is incorrect -- in particular, and most notably, I think it does not apply to "major league baseball" (i.e., the professional teams most followed by baseball fans).
Also, I believe that the excerpt you quote, but whose source you say you are unaware of, is from Bull! (apparently subtitled "A History of the Boom and Bust, 1982-2004"), by Maggie Mahar.
Larry with the knowledge bombs. Thanks man.
If only I had a tenth of your knowledge as far as what really counts (investment strategy, etc.). But I'm grateful for your extremely informative newsletter; some of the contents actually get through to my brain.
Appreciate the kind words and the fact you continue to read Larry, thank you so much.