BITCOIN, what do I know?

There is a large amount of hype surrounding this asset class.  More every single day.

I have only made money in Bitcoin so far.  Lucky me.

Watching CNBC mavens and reading about the Government of the United States getting involved scares me to death.   Besides winning a couple of wars, what have the USA politicians done for America besides rip off taxpayers like me?  These clowns can't even get DOGE to work for American taxpayers who pay the freight.   So many criminals are involved at all levels in this government theft.

Debt levels are unsustainable.

Interest on the debt is a trillion dollars a year.

It's the end of May.  I am lessening equity exposure and am going to liquidate my BITCOIN exposure.

Sooner than later.

What does Bitcoin have, you ask?  I respond with zero, nothing, zilch.

No book value, no net asset value, no discounted cash flows, no earnings, no intrinsic value. 

It reminds me of tulips.  At least tulips were real, and you were left with something when price and value converged near zero.

I'm finished.  I rode the wave and made money.  Wake me up when you think the time is hot to "invest, gamble, play" again in BITCOIN.  When it hits a $1,000,000 per BITCOIN there is no need to call, text or email.  

It's a zero sum game is it not?

"It might make sense just to get some in case it catches on. If enough people think the same way, that becomes a self-fulfilling prophecy."
-Satoshi Nakamoto

NO BAD DAYS

Mexico has a 48-hour work week.   Bet you didn’t know that!   America, most of it that I have inhabited or inhabit, doesn’t have a clue about Mexico, its beauty, culture, or work ethic. 

America needs to go to work.

Optimism

At the 2025 Berkshire meeting, Buffett underlined his continued optimism in the stock market and chalked up much of his success to having been born in America.

“If I were being born today, I would just keep negotiating in the womb until they said I could be in the United States,” he said.

PSQ & SH

Those two positions are mainstays in my approach to generating gains on index short sales.   

When I bought them on Friday after the close, I would have bet anyone a million dollars they would be profitable trades this week.

Funny how that works.

Thank you Mr. Market.   

Your generosity is most appreciated today and always.

  

When Robert Safranek talks......................

"We are going to get a good one.  Don't know where. 

You and I paired up; there is only one result."

CANCERGATE

Staggering.

The dishonesty from many quarters is reason enough to downgrade the United States' credit rating.

They all knew.  They were all in on it.

Bidens' White House physician should need legal help.

United Health UNH

Who would have thought that a company, such a paragon of virtue, would commit fraud?  Inquiring minds want to know. 

So does the DJIA committee that selects companies for Dow Jones inclusion. So do the hundreds of ETFs that hold UNH in their portfolios.

Minneapolis company.   That figures doesn't it.  Woke.  Liars.  Dishonest. 

Billy Mills

Billy Mills, national treasure.

In the spring of 1972 I was presented by Mr. Billy Mills with an award I will always treasure.    

The "Outstanding Native American Athlete Award"  was presented to me at Andes Central High School in Lake Andes, South Dakota.  Lake Andes is adjacent to the Yankton Sioux Indian Reservation, and I am extremely proud to say that I am sure that Mr. Mills also had a tremendous impact on the long-time Chairman of the Yankton Siouix Tribe who graduated with me in 1972, Mr. Robert "Bobby" Flying Hawk.

Mr. Mills was an orphan.  His mother died when he was eight years old, and his father passed away when he was twelve, leaving him to be raised by his older siblings and later attend the Haskell Institute, a boarding school for Native Americans in Kansas.  

Mr. Mills does not drink alcohol.  

Olympic champion, philanthropist, motivational speaker, and special human being.

Olympic champion Billy Mills (Oglala Lakota), presented with an Eagle Feather at Lake Andes school.

The only American to ever win Olympic gold in the 10,000 meters.

Billy Mills remains the USA's one and only gold medallist in the men's 10,000m, a feat he achieved at Tokyo 1964.