Week 173: Done for now
Two weeks ago I made the following tweets describing my latest and last investment decision:
I meant to get around to writing a post acknowledging the same sentiments but I never did until now. Since that time I have watched the market go down a lot and then come all the way back up. I haven’t done much of anything during the whole see-saw.
And that is because I think I’m done. I have a lot of cash, a few positions and no plans to chase anything up or even add to anything as it comes down. Maybe when the Fed (or perhaps the ECB) decides to get back into the game I will change my mind. But for now I don’t really have a strong inclination to do anything. So I’m going to walk away while I’m ahead. Maybe there will be a better set-up in the future. But until then…
So long and thanks for all the ideas. I hope you will come back and post again in the future.
I have thoroughly enjoyed reading your blog. Thank you.
Hope you’re not gone too long, it’s been a pleasure reading.
Lane, thank you for this blog. It’s remarkable how beneficial it can be to have such detailed insight into another’s thought process, and your openness in sharing such has contributed hugely to my evolution as an investor. Though I wish I had found your blog much earlier, It was with great fortune that I did stumble upon it one day, and I knew immediately I had found something of extraordinary value. Take care.
Your blog is one of the best out there and I’ll miss it. It is always guaranteed to challenge my analytic and thought processes.
Nothing wrong with taking a break and going to big cash levels when you see macro risk. Peace of mind is highly underrated. Just curious, are you pure cash, and what types of hedges do you have, if any? Sometimes you have to play small ball.
I hope the good-bye is not permanent, but I wanted to echo the sentiments of the previous posters. When I found your blog I realized pretty early on that I needed to learn as much as I could from you. I resolved to read every one of your blog posts, which I did. Thanks for sharing your knowledge.
Thanks a lot for your interesting blogs and hopefully see you again in the future writing on this blog!
Hope you return at some point, your ideas & thought processes were extremely insightful and I’m sure helped more than a few (including myself). Thank you.
I’ve actually been following you since you went by the name liverless and posted your blog on Stockhouse. Then like now, you went into “hibernation” for a year or two. Much like the others here, I thank you for writing your blog and wish you best of luck in the future.
Perhaps if we’re lucky we’ll see you reappear a third time.
Lane, it’s been a pleasure to follow along and think along. I hope you found this rewarding as well.
Agreed, long time reader, but never really posted here. Patience is one of the best traits an investor can have.
Hopefully you will find new opportunities to share with us soon.