Locator: 48925INVESTING.
This reversal tells me all I need to know about the market. MOJO and FOMO remain the governing / guiding principle in the market today. The "YOLO-train" left the station two years ago.
The market surges 700 points and BRK-B? Barely moves and could finish in the red today. Tells me all I need to know about the market.
MMF, link here. Already at record highs, investors were still putting money into MMFs -- albeit at a slower rate than during the past few months.
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The Book Page
I should finish this book this weekend.
Then I will go back through it again.
- The Immortal Game: A History of Chess or How 32 Carved Pieces On A Board Illuminated Our Understanding of War, Art, Science, and the Human Brain; David Shenk, c. 2006.
This book sneaks up on you. After the first chapter, I wasn't sure I would read any more of the book, much less finish it. Now, it's a top shelf book for; highly recommend.
ChatGPT agrees. LOL.
The 10,000-hour rule:
The 10,000-Hour Rule, popularized by Malcolm Gladwell in his book Outliers, suggests that achieving mastery in any skill requires approximately 10,000 hours of deliberate practice. This concept is based on research by Anders Ericsson on the practice habits of elite performers, though Gladwell's interpretation is often cited as an overly simplistic, generalized "magic number". The rule highlights the significance of consistent, focused practice in developing expertise, though it doesn't fully account for individual differences, the quality of the practice, or the role of other factors like luck.
Then, out of nowhere on page 132 of Shenk's book -- the 10,000-hour rule. Amazing.
Was the human brain pre-wired for sixty-minute "segments"? ChatGPT provided a nice discussion when asked. LOL. ChaptGPT: "ask me anything."
