Published By Banyan Hill Publishing | | | | Published By Banyan Hill Publishing | | | | The Results Are In! Your #1 Read This Week By Charles Sizemore
Chief Editor, The Banyan Edge | Banyan Nation, On this week’s episode of The Banyan Edge Podcast, Amber Lancaster and Adam O’Dell joined me in sharing what books they’re currently reading. In case you missed it, it involves pirate economics.
Yes, actual pirates. The guys with eye patches and peg legs flying the skull and crossbones!
We asked you to share what you were reading, along with your all-time favorite books.
Interestingly, the Bible was the #1 answer, both for current reading and for an all-time favorite. And a close second for both was Edwin Lefvère’s Reminiscences of a Stock Operator,the unofficial biography of legendary trader Jesse Livermore.
Other noteworthy contenders were A Gentleman in Moscow, The 4-Hour Workweek, Pride and Prejudice and The Brothers Karamazov.
I have a few things to say about two of those titles. The 4-Hour Workweek If you actually manage to condense your professional life into a four-hour workweek, I may have to track you down and slap you out of pure jealousy. But in all seriousness, it’s a brilliant book full of fantastic ideas on time management.
You probably can’t put all of the author’s suggestions into practice, as Timothy Ferriss is wildly eccentric. But even if you’re only able to implement a few, it will quite literally change your life.
I read this book years ago, and still dust it off from time to time. And I can credibly say it changed my life. The Brothers Karamazov If like me, you feel your brain starting to atrophy from reading 140-character tweets and mindless social media noise, pick up The Brothers Karamazov by Dostoyevsky.
At over 800 pages, it is a beast to get through. It’s a product of a time in which people had less opportunity to distract themselves.
But it will make you think. And it will reawaken parts of your brain that the modern world has lulled to sleep. I read it last year and loved every page.
At any rate, let’s put our literary ambitions on pause for a moment and get back to the market. We had plenty to cover this week in The Banyan Edge. Mr. Market: The Fed Meeting & First Republic Bank’s Collapse  The Federal Reserve raised rates again this week — from 5% to 5.25%. That was widely expected. But Fed Chair Jerome Powell also softened his language, suggesting that any future hikes would be “data dependent.”
Here’s the general takeaway: The Fed might hit “pause” on rate hikes (for now).
That’s good news, of course. But Mr. Market also read between the lines as to why the Fed is slowing down.
It comes down to banks. While the ongoing crisis surrounding First Republic Bank was resolved with JPMorgan’s buyout, now two new banks — PacWest and Western Alliance — have stepped up as the next possible dominos to fall.
We’ll see. As Warren Buffett put it: “It’s only when the tide goes out that you see who’s been swimming naked.”
It seems there are a lot of naked bankers out there, and we’re likely to find a few more streakers as quarterly earnings reports come in.
And on that note, let’s see how the team has been navigating this week. | | | Ian King was thrust into the limelight for turning $350,000 into over $6 million during the worst 19-month stretch of the 2008 financial crisis. Since then, he has identified virtually every major turn of the market — including the three biggest booms of this century. Now, the forces which lit the fuse for those events are converging for an even more epic fourth time. Click here for full details… | | | Weekly Recap  - Banyan Book Club: Our Gurus Rec Their Reads!
Were pirates actually more democratic than the founders of the United States? Why is it that pitchers don’t always throw their best stuff? And how do you stay one step ahead of a market that is actively trying to outguess you?
Watch this special episode of our podcast to find out!
- The Big Winner After This Week’s Fed Meeting…
The Fed may be slowing its rate hikes for now, which is great news for Big Tech. Growth stocks got hit hard in 2022, and technology-focused tech stocks got hit hardest of all. That’s about to change.
Artificial intelligence and automation are set to revolutionize the business world, and tech giants like Meta, Microsoft and Apple are best positioned to reap the rewards.
- Sleepwalking Company to 130% Gains … Here’s How
The revolution in artificial intelligence and automation requires hardware, specifically semiconductors. This is big news for suppliers to semiconductors like inTEST, which under the leadership of its rock-star CEO Nick Grant has seen its shares rise over 130% in the past two years.
- Befriending the Latest Market Boogeyman
Don't believe the Wall Street hype and fearmongering. 0DTE options trading is nothing to be afraid of. It's not even that volatile. But it is a relatively inexpensive, active trading strategy that can level the playing field between hedge fund traders and you — the everyday investor.
- Regional Banks Are Disproving the Investing Bible
This banking crisis has taught us a lesson in volatility. But what's the best investing strategy in this market: in low-volatility or high-volatility stocks? Adam O’Dell has figured out the “sweet spot” of volatility in this market, especially in small-cap stocks — all with the help of his Green Zone Ratings system.
And remember to tune in to The Banyan Edge Podcast on Monday! Ian King will be joining me to give us an update on what is happening in the wondrous world of crypto.
Until then,
Charles Sizemore
Chief Editor, The Banyan Edge Wait, Before You Go! Are you enjoying The Banyan Edge? We’d love to get your take on our research, and we love answering questions. So if you have any questions, insights or just want to leave us a note, please send an email to BanyanEdge@BanyanHill.com. | | | Wall Street legend Ian King is no stranger to capitalizing on the market’s biggest moves. He was boots on the ground during the shale boom. He led investors to back-to-back triple-digit wins on green energy in under two years. He helped them double their money in 11 months during the biotech breakout. He even led investors to peak gains of 18,000% in less than a year during crypto’s mega run. Now he’s making his biggest forecast to date … as three of the world’s most powerful economic forces converge. Click here for the full details. | | | Get The Banyan Hill App And start experiencing that "total wealth" freedom for yourself. | | | (c) 2023 Banyan Hill Publishing. All Rights Reserved. Protected by copyright laws of the United States and international treaties. This Newsletter may only be used pursuant to the subscription agreement. Any reproduction, copying, or redistribution, (electronic or otherwise) in whole or in part, is strictly prohibited without the express written permission of Banyan Hill Publishing. P.O. Box 8378, Delray Beach, FL 33482. (TEL: 866-584-4096) Legal Notice
The mailbox associated with this email address is not monitored, so please do not reply.
Your feedback is very important to us so if you would like to contact us with a question or comment, please click here: http://banyanhill.com/contact-us
Remove your email from this list: Click here to Unsubscribe | | | |
No comments:
Post a Comment