I'm awake early, because I was boring yesterday. By that of course I mean I was too hungover to move. Seriously, I was labouring to breathe. I was going to go get groceries but I've downgraded the priority of that. I don't want to accumulate too much in the way of foodstuffs before running home late next week.
I feel more like researching anyways. I'm pretty bearish on the whole macro-economic situation. The Euro doesn't seem like a great option over the longer term. The markets have been volatile and I have been busy, so that means it's time to hide in cash and other low beta names. If things are going to get worse though, it's also an opportunity to go discount shopping. I'm researching stocks that are fundamentally awesome and have had strong earnings growth. I'm trying to get an idea of price history with a little technical analysis on the side. I want good long-term companies, that I can buy for cheap now, across an array of sectors. Maybe I'll share what I come up with.
Most of all, this is just another reflection on how amazing it is to me what we are capable of and privy to. Friday night, I had a conversation with a friend. He said that business as we knew it was dead. I don't think he knew what he was talking about. His lack of optimism and entrenched thinking upset me, to a surprising degree. I mean, I'm still thinking about it.
Fifty years ago I couldn't have acquired this comprehensive an analysis of the price history and fundamental picture of a given security. The internet has allowed me access to almost anything. One hundred and fifty years ago, if I had gone to work at the local factory, as the majority of the people would have, and I didn't like my job, I wouldn't have had any options. Last year, I went to work full-time for the first time. I hated my job. I quit and started my own thing. I stuck it to the man. This democratization of information must continue - it's my business model, after all - because it empowers the individual.
On a COMPLETELY unrelated note, I'm going to start using hashtags in my tweets more. It's because I saw this presentation. It's worth watching if you have some time.