A Rarity - Sosnoff Speaks the Truth

[cuegis]

Hey...Sometimes he makes some very good points.

This is one example I thought is worth listening to.

But, all of you know this anyway.....

https://www.tastytrade.com/tt/shows/tasty-extras/episodes/thoughts-on-wealth-creation-retirement-11-08-2017

[RapperT]

watched half and agree with him on most fo what he said.  My issue with both bogle and sosnoff is that they are too black and white...ie there's is the only way to win. 

I cant discuss indexing with most people anymore, especially millenials who started buy and hold indexing in the last 7-8 years. 

[cuegis]

On 11/22/2017 at 6:03 AM, RapperT said:

watched half and agree with him on most fo what he said.  My issue with both bogle and sosnoff is that they are too black and white...ie there's is the only way to win. 

I cant discuss indexing with most people anymore, especially millenials who started buy and hold indexing in the last 7-8 years. 

I remember the same exact situation being the case around 2000, after 8 spectacular years of the tech boom, straight up.

You had all of these people saying "well, I'm very experienced...I've been doing this for nearly 10 years"

Well, from the early 90's to 2000, if a stock went down, and you bought it (particularly the Intels, MSFT, etc) you made money every time.

You need to have lived through,at least 20+ years, to be able to say that you have seen it all!

But, I do agree with the FANG's being dangerously overcrowded, and who are they going to sell to when the day eventually comes?