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The topic of H1-B visas is very much in the news, so I wanted to chime in.
The picture below is from the year 2000 or thereabouts. It is the entire staff of my little company Prophet, which I started in 1992 with a war chest of $3,000. Everyone picture here is ‘mericuhn with two exceptions: the chaps wearing eyeglasses (center of picture and extreme left).
Back on September 10th, I wrote a post proclaiming my commitment to hold on to my palladium (by way of PALL) for the long-haul. Well, that solemn vow lasted all of two days, as I took profits on the entire position on the 12th. Good thing, too, considering what happened next.
My beautiful blonde buddy left us, of all days, on 9/11. He was acting listless late in the afternoon, and my wife and I rushed him to emergency care along with Duke. By 2:30 the next morning, the three of us headed back to our car without him. We had all said our good-byes, and we had laid hands (and paws) on him as he passed from this world to the next.
Long-time readers know that a big problem I’ve got in my investment behavior is the inability to hold on to a good position for the long-term, except in cases where it’s inconvenient or bothersome to sell (such as various rental properties I own, my house, my one venture investment, and a safe deposit box full of gold and silver bullion). If I can sell with just a mouse click, I’m afraid I’ve clicked it WAY too many times in my life. Don’t even get me started!
I’m going to try to behave differently with palladium, however, since every ratio chart I look at is screaming BUY and HOLD. One day does not a trend make, but I’ve got to say, this is sailing along nicely so far over the past twenty-four hours.