January 2015 - W.C. Varones

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1.26.2015

Free burrito deal today at Chipotle

9:34 AM 0
Sofritas Monday: buy a sofritas burrito today, get any burrito free on your next visit.

Sofritas is a tasty, soy-based meat alternative. It gets great reviews even from meat-lovers.
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1.15.2015

The Bible on central bankers

7:48 PM 1
A false balance is abomination to the LORD: but a just weight is his delight.
-- Proverbs 11:1

And what of a society whose entire economy is based on a false-balance fiat currency whose value is tied to no just weight but decreed by modern Pharisees?
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1.01.2015

CNBC talking heads' stock picks suck hard

9:02 AM 1
Last December, CNBC asked eight of its smartest on-air smarty-pants to play a stock-picking game for 2014.

Here are their initial picks (they were allowed to trade during the year; some did and some didn't).

Here's where they stand as of Dec 29: four ahead of the S&P's approximate 15% gain by 7% - 11% each, and three behind the S&P by 18% - 29% each. Oh, and Simon Baker of Baker Asset Management dropped out midway through the year after two of his three picks were absolutely destroyed in the first half. The totals for his picks for the year? -17%, or 32% behind the S&P 500.

The average return of the eight stock-pickers? 6%, or less than half the return of the S&P 500.

Moral of the story: don't get your stock-picking advice from CNBC.

And don't even get me started on Jim Cramer.

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