YouSaid · the spoken record

Eddy Elfenbein

lines on the record

53

first

2023-01-27

most recent

2023-01-27

sittings or episodes

1

sources

podcast

Every line below is reproduced as it was said and linked to the record it came from. Nothing here is summarised or generated. Directory · Search · Corrections

1. “We have to be very careful in our language on that and saying that the ETF is based on the buy list. It's not always going to be exactly 100% the same. For example, an ETF just has to hold a small position in cash. So it's something like 0.3 or 0.4%. We have to do that where when I do my list calculations, that's not figured in at all. It's always difficult on a year like that. We sucked. We sucked less than everybody else. And as odd as that sounds, that actually is very important in long-term performance in many ways in a strongly bullish year. We're probably not going to be up as much. But it's not symmetrical. So we'll do much better in difficult years and not as well.”

   2023-01-27 · We Study Billionaires · TIP518: The "Buy" List for 2023 w/ Eddy Elfenbein · IDENTIFIED FROM THE TRANSCRIPT

2. “Just lower it happened again and again. I think the low didn't happen, the low so far, until mid-October. So nearly the entire year, the bias was always to the downside. It's a really difficult year for the stock market. And the bond market as well, the 60-40 portfolio, legendary strategy. And that had one of its worst years on record as well. It seems like there were no safe places.”

   2023-01-27 · We Study Billionaires · TIP518: The "Buy" List for 2023 w/ Eddy Elfenbein · IDENTIFIED FROM THE TRANSCRIPT

3. “Was a difficult year, and sometimes you want to take the hammer and bust the case in and grab it and make changes. But I always feel is sticking with the rules is in the long term. It's better because you don't exactly you don't panic. Keeping with these strict rules forces you to stick to your game plan and stay with the stocks that you like. And it was an interesting year because I believe it was the fourth worst calendar year of the past 80 years. Now, some of that is the calendar effect because the peak day was the very first trading day of the year. And then we were tempted with multiple bear market rallies. So a lot of times people just going by their gut instinct, they would have been fooled. They would have thought, okay, this is pass this by and we're going to go right back. Nope. Then the bears came right in and put.”

   2023-01-27 · We Study Billionaires · TIP518: The "Buy" List for 2023 w/ Eddy Elfenbein · IDENTIFIED FROM THE TRANSCRIPT