We inspire you with a call for no more war, search for laptop ban solutions, watch a video about world history and what will happen in a bear market.
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In TBBland, we like to go slower in the weekends. Get away from the miles and points madness and stuff like that…Generally stick to some material that made a hell of an impression on me and I thought I would share it with you. My main criterion, since Day Uno, has been: Does it Entertain? Educate? Or Inspire?
To get to the original article, please click on each headline!
What the last Nuremberg prosecutor alive wants the world to know
We usually start with something educational. Or entertaining. Well, this is a link you must check out to get inspired. About humanity. Just DO Click It! We need more men like this guy #RESPECT. I wonder what he thinks about Trump #ouch
“War makes murderers out of otherwise decent people. All wars, and all decent people.”
Flying to Europe? You Might Want To Encrypt Your Laptop First
It appears that the laptop ban for all flights to the US from Europe is imminent. I don’t know about you but I find this hard to stomach. The article is by Consumer Reports and contains instructions on how to do encrypt it. I am amazed by the brain power of TBB readers so I am going to take this opportunity to ask for some help here. For me and others as well as I am certain that this has become a very important issue to deal with among us.
Is there an encryption system for dummies? I looked at this years ago and it was way over my head! I am no thought leader on anything you guys. Heck, even if I was I would not put this title in my bio, it’s embarrassing! So, to get back on point: Is there an encryption method that IS EASY TO USE? And FAST? And works with Dropbox too? Please let us know in the comments, thank you.
History of the World
If you watch this video you will learn about the history of the world. in 20 minutes. It is a fantastic video, THIS is talent! Just brilliant Education and entertainment all rolled into one, blown away!
Into the teeth of the next bear market
One of my pet peeve questions I get asked all the time is: “Is this a good time to get into the market?” I usually respond with: “I have no clue, I gave up on finding a crystal ball that works”. Or, if I am pressed to come up with a short term market prediction…I always respond with: “It will fluctuate”. And I am always right. Lol.
Anyways, I remember the dark days of 2008 and early 2009. And how far we have come since then. And another bear market will come. Nobody knows when. But when another 20% drop comes, this is what will happen per my colleague Josh Brown:
- Vanguard loses 10-15% of its AUM, an enormous outflow in a very compressed period of time as newly-minted passives realize that they’re not quite cut out to be passive after all. The pain will prove too much for many recent indexing dilettantes who thought this was easy.
- Reporters will be doing stories on the performance of the large robo-advisors and their “terrible” performance. Vanguard, Schwab, Betterment and Wealthfront will all be under the microscope.
- Paul Singer and his fund Elliot Management, which just raised $5 billion in cash in 24 hours to take advantage of a coming major dislocation, will be on everyone’s lips. They’ll be the new hedge fund It Girl.
- Buffett will once again look like a genius as he puts some of his $95 billion in cash to work.
- Some lucky doom-saying charlatan who’s been wrong about the market for 8 years will cherry-pick some of his crash comments and attempt to be the new guru of the moment. It won’t work as well as last time though because these days we have social media – we have the receipts, player.
- Many financial advisors, especially those who are mainly asset managers, will have trouble convincing clients to hang on to their portfolios. The mass disillusionment with risk assets will return faster than expected.
- Tactical strategies will come back into favor, as will the subset of liquid alts that posts the smallest drawdowns.
- Gold will rise $200 or $300 an ounce, GLD inflows will explode. TLT will be the new momentum trade.
- Trump will call for Janet Yellen’s head on Twitter, accusing the Fed of hurting the markets to influence the 2018 midterms. She will announce plans to serve out the rest of her term (til January) and then resign, if this happens before then.
- The yen will blow out to the upside vs the euro, wrecking stocks on both continents as contagion fears hit the headlines.
- Faber and Schiff will be brought back on to mainstream financial television, rescued from the web video hits they’ve been relegated to in recent years.
- The long-short hedge fund crowd will get its “I told you so” moment, their investor letters will be dripping with schadenfreude for the indexing movement.
- Ordinary investors who have not learned from history will be listening to all the worst advice, and making temporary drawdowns into permanent losses.
- Ordinary investors who are listening to the right people will stay the course, or even up their dollar cost average contributions in 401(k)s. The truly intrepid ones will raise the equity proportion of their ongoing contributions to take advantage of the situation.
- We will once again be told that buy and hold is dead. It will take the next 100% bull market from the future lows in order to resurrect the idea of indexing and passive investing. Lots of money will have been lost chasing holy grail strategies between the bottom and then.
And I leave you with this…I knew it!
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“Her hardest hue to hold.
“Her early leaf’s a flower;
“But only so an hour.
“Then leaf subsides to leaf.
“So Eden sank to grief,
“So dawn goes down today.
“Nothing gold can stay.
Does Robert Frost scare away your commenters?
I hereby claim silver in the name of Scott Castle.
Silver!!
Seat taken Carl.
Thinking about doing pay per view TBB Medal Wars…
I still haven’t done that tinnitus trick…I need to do it right and focus on it…maybe tonight
Hi George,
Been a long time reader of yours but first time commenting. I always look out for the meme first before reading the rest of your daily email. Cant help but makes my day!
I have got a question which I am really curious about. I know you are Greek and your wife of Asian origin but do you have any Asian/Oriental/Chinese blood at all? Truly, I am really curious. No offense meant. Been meaning to ask but your memes always distract me…
Hi,
Welcome to the TBB comment land, probably my favorite place 🙂
I do not have any Asian blood in me. I am 100% Greek. Yeah, we are a really odd couple. Maybe I should tell a story one day how we met…and the rest is history I guess.
If you use a Mac, you can turn on automatic encryption of your drive (FileVault). It will take a bit of time initially and after that it will be completely seemlesss. The only requirement is that you cannot disable password input for login. But if you are concerned about encryption, you probably already have a password set up.
https://support.apple.com/en-us/HT204837
Dima,
Thanks, this may help Apple users. But not me, I just never got on the Apple bandwagon.
We are a split house. Wife and daughter are Apple devotees, me and son are definitely not.
I don’t know about TBB but I did a DNA with Ancestry.com and found out I am:
70% Italian (no shock there)
20% West Asian which includes Turkey, Iraq, Russian, Armenian And some others. I gather this is from the Mongol Invasions.
8% Middle Eastern (Don’t let Trump know that)
1% Greek
1% African
I was surprised by the West Asian percentage. I thought I would have more African due to family in Southern Italy.
That is my Saturday contribution. Now I am waiting like TBB for a dummies run down on an encryption method.
If we have to check our tablets, labtops, kindles, I am wondering the increased percentage of stealing that we are going to need to report.
I mean give me a break, Kindles???? As a WMD
That’s why they went after Saddam – he bought a kindle!
Hey John, you are 1% Greek. Maybe we are brothers? 🙂
If this ban gets out of hand, there IS a positive. We may see a lot of airline promos to get us in the planes again. Like after 9/11. I know, I know….Just stating this fact.
Saddam-Kindle-WMD-LOL
Us Greeks have to stick together!
I had a pretty good idea of what my ancestry would be before doing the genetics testing by 23andme, I thought.
I expected my maternal grandfather to provide at least 1/8 native american, which seemed mostly likely to be Creek indian based on family stories and my own research. However, it came back 99.8% European. So the guy that my mom thought was her father (he ran out on the family early on) either wasn’t native american, or he wasn’t her father.
So if he wasn’t native american, all those racist comments made toward him by my great grandparents were just wasted hatred…
This blog is open to any race and cultures. It takes a village…oh oops, maybe not that one lol.
Encrypting your laptop will accomplish little. The ban is near total. No eReaders, no modern DSLR cameras, evidently no noise-canceling headphones… I have a $200 Dell laptop that makes it super easy to yank out the card. There. Done. Unfortunately, my investment in my new camera equipment etc. is not $200, and I am simply not willing to put my electronics & optics to risk in the cargo hold. I don’t know how much leisure travel is fueled by the photography hobby, but it’s a lot– are those travelers still going to be willing to enter America & risk losing their investment? I tend to doubt it… Checked electronics / optics are not covered by insurance, as the risk of loss is too high (as in, it’s inevitable).
I agree with IATA. The electronics ban is unacceptable. Period. DHS needs to get their thumb out of where it currently is and figure out a different solution.
My fear is my laptop being stolen. If it is, I don’t want the thief to get to the data.
I feel for all the photographers.
I tend to agree that this sucks. But what if the threat IS real? I would not want to get blown away in the middle of the flight. Which creates more questions of course (lithium batteries risk, why not all airports, blah blah)…I think I am not going to book anything interantionally for a while until the dust settles.
Thanks Trump.
There are some camera specific policies covering theft, mysterious disappearance and even one that seems to cover theft from an unlocked car. My wife is trying to find more specifics as she similarly has a lot of camera gear – it’s one of her main objectives on many trips. So this is very worrisome.
Of course insurance doesn’t address the pain in the ass of arriving and being sans camera, getting a replacement, etc. but it would be a start I guess.
There are a lot of threats but the question is what are the probabilities and what are proportional responses. No one has suggested banning or restricting access to certain trucks, despite their having been used in the Bastille Day attack (and way back in the Oklahoma City bombing and others)…or pressure cookers after the Boston marathon bomb.
The risk of non-disease death from everything from slips at home to suicide to cars to floods, tornadoes and hurricanes are all way higher than from terrorism, even after 9/11.
Plus putting all those lithium batteries in the hold has its own risks. And I’ve read some experts claim that a time could still be used with a laptop bomb and so it’s not clear that forcing it all into checked bags would really do anything. Oh well, nothing I can do to influence the policy so I guess I should just get off my soapbox! lol
But what if it takes only a laptop?
Can you imagine what that would do to aviation? And trade?…
I am at an age where I am certain that I don’t know many things. Nowhere close to be a thought leader on anything, let alone put it in my bio 😉
I
This is the BEST TRAVEL BLOG POST I hace seen, since I read Shelli’s World Coffee Tour. Kudos!
Thanks…I think.
I was reading a European airline writer this morning and his source in the US stated that discussions were at a standstill because European officials wanted no part in having lithium batteries in the hold. Hopefully, they will stand their ground.
If they don’t do it…why should we? So many holes in this…Could be another Trump distraction thingie to drum up fear?
I am not booking anything until we know for sure what will happen.
It’s time to break the Greek-Cypriot bond in Eurovision. You can’t give 12 points to each other then your songs SUCK!
It’s payback for austerity baeatch 🙂
P.S. Please send more money. And write off some debt. Thanx, you are the best.