Men Make Dinner Thursday, page-23

Divvy hunters are not retail traders - these are the sharks that move market. You and I don't move XJO.

For long time frame holders XJO at 5200 is 'cheap/fair value' - you don't erode premium as your're holding good equities. Plus there are ways to hedge risks. Don't look at XJO indices. Think about how traders would interact with the underlying equities in the index. Derivative view is misleading.

Black swan is misnomer - A known binary risk is still quantifiable risk. Unknown unknowns are black swans.

Governments tied to economic reality more than political reality. Business deals and treaties ringfenced and wrapped in legal framework - can't undo with a vote. They can claim it's the end of the world, but it's not. US GDP/macro is improving - have a look at the numbers. RBNZ notes that inflation likely to pickup after December. Ignore the news headlines and focus just on data and ignore those who view data with suspicion and write spurious commentary. Data is all you got and you have to trust it if you want to trade