Joseph Moore
π€ SpeakerAppearances Over Time
Podcast Appearances
It doesn't pay.
I actually own, I own an acre of land on the Sea of Serenity because there was this big movement in the 1930s to be like, whoever can own the moon will own the future.
And so believe it or not, these things are still around.
So it was advertised as having phenomenal earth views and zoned for tourism.
And I was like, well, yeah, that makes sense.
Because if it was zoned for heavy industrial, then the phenomenal earth views would not be as good.
So let me pivot to something maybe a little more practical for your audience.
Here's what I tell people, and this does get me in some hot water.
You can beat the market.
Trying to beat the market is a waste of your time, though.
because back to my original idea, so many different things can work well, that if you individualize success for yourself, instead of trying to beat the other guy, if you can actually invest your way into an incredible life, but if you try to beat the market, you might actually do it.
And that might be the worst outcome.
So when I read the economics paper, the Kramer bounce,
It basically says under this very strict set of criteria, and only under that set of criteria, when Jim Cramer on his show Mad Money suggests buying a stock, that stock will bounce for 50 to 55 days and then come back to earth and you can short it.
So I'm like, great, we're gonna make tons of money doing this, right?
And so I start glued to the television
for three months of my life waiting for all these factors to align so I can go short a stock and take advantage of someone else in his audience.
Technically, my trades beat the market.
But while I was having Jim Cramer yell at me like I was a child, I heard my wife scream, come quick, she's doing it.
And I missed my daughter's first steps.