I will mention that I sold about $17,000 of NVDA yesterday to cover an art purchase that happened about mid day on Monday. I sold during the final ten minutes of the market day. THIS IS OBVIOUSLY NOT A MARKET DECISION.....so not really relevant to anyone else....IT IS AN ART PURCHASE DECISION. So two of my three purchases are done and covered. The final BIG purchase....will be at auction...in the near future.....if I am successful in my bidding and my limit that I am willing to bid. I will ALSO take the majority of money for that purchase...if I am successful....from NVDIA.....as profit taking. I will basically be re-balancing those funds into hard assets....art. I am sure if I sold ALL art....I would have a profit....BUT...nowhere near what those funds would have produced in the markets. BUT....life is all about BALANCE.....and......you have to reward yourself once in a while.
New York City???!!!! LOL. I don't know why that came to mind when you mentioned NYC. That old salsa commercial from the 90's I believe.
I guess today ties the record at #35 days. I know a couple of folks that have been unpaid for about a month. One of which is still required to show up everyday. That would really stick in my craw if it were me. The other is doing some projects they have put off doing since they have been off. Both are financially pretty good at savings and managing their situation....but did admit they might feel a bit differently the longer it goes on. Anyway, that is about the extent of "hearing" about it in my circles.
The way things are going lately in NYC.....it will soon be....NYC???!!!.....who cares. LOL....I remember that commercial Smokie. I believe the owner of that Salsa company lived in San Antonio....but dont quote me on that.
The poor markets.....a self-defeating and self-loathing..... DUMPSTER FIRE today. The definition of a self-fulfilling prophesy. I will simply call it CONSOLIDATION. OR.....a REACTIONARY drop in response to the......AMAZING.... big tech earnings. I will simply sit and HIDE OUT in the long term. As to RIDING THE WAVE.....I am out in mid ocean but somehow hit a little underwater reef today. I have lost all my gains from yesterday. OMG.....I have lost.....ONE WHOLE DAY...... of gains. Only one left to report......"the one ring to rule them all"....NVDA. NVDA reports on November 19. God help us all....if they put up a BIG BEAT....the markets will probably totally TANK.
On the investing side of things. I bought a pretty good chunk of shares in the index back in the April downturn. Perfect timing....LOL. I really wasn't trying to, but the discount seemed to good to pass up and I had the money to dump into the market at that time. If I remember correctly, it was quite some time before we had another little sell off....seems like there was one other very mild one. Since then it has been quite the run. I picked up a little bit in the Treasury fund I have along the way, but nothing too significant. I still have a little bucket of cash to deploy sometime between now and the end of the year. My other contributions continue as normal. So, not much going on with my plans.
Letter to Shareholders https://www.palantir.com/q3-2025-letter/en/ Karp letter, an highly politized letter. Really apreciated it. Karp wrote a few bright points (my view): A rejection of any shared and defined sense of common culture, in this nation and others, has had significant costs. We should, indeed must, return to a shared national experience—an embrace of common identity that by definition puts forward certain ideas, values, culture, and ways of living at the exclusion of others. It is and was a mistake to casually proclaim the equality of all cultures and cultural values. Some have proven to be wondrous and generative. Others destructive and deeply regressive. And an even greater mistake is to believe that we could or should convert the world to our way of living. For sure he marks the diference from other CEO's. He is not an ordinary lider, he clearly has a view from were us, lets call it "westerners", are, what is our common ground and where we should point from here. And also on an extraordinay sidenote he says "you cannot change the ones that don´t want to be changed". Really apreciate his thinking.
