The Day Wall Street Was Silent (1979)

2 days ago | parent | next [-]

[deleted]

juancn 2 days ago | parent | prev | next [-]

“I think a repetition of 1929 is most unlikely. But obviously economic and human affairs go in cycles. It could well be that some time there will be a collapse. I’ve always thought that if we did have one, it would be the dollar, not the stocks.”

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RickJWagner a day ago | parent | prev | next [-]

Warren Buffett has predicted that we’ll suffer a “hair curler” some time in the next 20 years.

For those that like to prepare, Morgan Housel has an excellent book called ‘The Psychology of Money’.

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readthenotes1 2 days ago | parent | prev [-]

"margin requirements are 50%, five times what they were then"

Oops

FINRA Margin Debt https://share.google/2Y3ZcRNBlnCguTPK7

	▲	FreakLegion a day ago \| parent [-]
		Today the 50% number is only for Reg-T, and even then the net account requirement (maintenance) is lower. But there's also portfolio margin, which gives you much more leverage, and a lot of people end up using it who wouldn't otherwise because Reg-T doesn't handle offsetting positions (i.e. a hedge counts as more risk, not less, for purposes of buying power).