Confessions Of A Newsletter Writing Market “Permabear”
On my jog yesterday morning I was listening to a podcast about gambling addiction and heard the host bring up the age-old story of a guy selling sports betting picks. The host laughed and asked the obvious question: if this guy is so good at picking winners, why does he need to sell his picks? Why doesn’t he just bet on them himself and get rich? It’s a fair question, and one I’ve asked about plenty of people over the years. But for whatever reason, after having just finished writing my latest investing dashboard piece, I found myself turning the question around on myself. If I think my analysis of markets and investments is worthwhile, why am I spending my time writing about it instead of simply investing my own money and going about my business? What exactly am I doing here? Am I really just a “fear monger”? It’s a fair question. Austrian economists have spent decades being accused of peddling doom, predicting catastrophes that never arrive, and frightening people into buying gold or …









