I'm much more of an AI skeptic than Adam -- I use the LLM bots on a daily basis, but just to search, answer questions, and do language translation (which they're really good at). I can't see any way they're going to make money, let alone "change the world." Altman is a charlatan, in my view. But as with any bubble, markets can stay irrational a long time, and you can miss a lot of gain by being right too soon! In the Great Recession, I took the advice of that TV guy everyone loves to hate, who always says, "No one ever made a dime by panicking." I stood pat, all the way down, and all the way back up. It was nerve-wracking, but as a small investor, I know very well that if I try to time the market, I'm always going to be wrong. I made a very lucky guess with some Nvidia shares in 2021, then decided not to be greedy and sold 2/3 of them a year or so ago, figuring the rest is house money and I'd let it ride. AI today is looking more and more like real estate in 2006 -- but seeing it is the easy part. Timing the market, not so easy!
Sounds like a plan! A minimal amount of research suggests a high deductible plan isn't expensive. When the time comes (I still have three years to think about it), I'll probably do something along those lines.
How important is it to have a Medigap policy? I know this is really unanswerable, but for a reasonably healthy person (easy for me to say at 62), I pay some out-of-pocket costs now, for my Health Connector coverage (I'm retired). If I decide to just have Medicare cover what it covers and pay the rest out of pocket, and invest the money I'd have spent on a Medigap policy, am I being foolish?
"No one ever made a dime by panicking." -- from that guy on TV who everyone hates, at least in the financial services industry, so I won't mention him by name. His show is *not* about stock picks - that part is just for fun - but the first 10 minutes, where he says, this is what happened in the market today, this is what the hedge funds and the big guys are doing, this is why they're doing these crazy things, and reminds us that no one ever made a dime by panicking! Hate him if you must, but he saved my bacon during the 2007 crash, just by talking me down off the ledge every day, and preventing me from selling everything because I couldn't take the pain, which would have locked in my losses. Instead, I did pretty much nothing, and ended up recovering with the market! I used to love Jonathan's "Getting Going" column, by the way! :)
Comments
I'm much more of an AI skeptic than Adam -- I use the LLM bots on a daily basis, but just to search, answer questions, and do language translation (which they're really good at). I can't see any way they're going to make money, let alone "change the world." Altman is a charlatan, in my view. But as with any bubble, markets can stay irrational a long time, and you can miss a lot of gain by being right too soon! In the Great Recession, I took the advice of that TV guy everyone loves to hate, who always says, "No one ever made a dime by panicking." I stood pat, all the way down, and all the way back up. It was nerve-wracking, but as a small investor, I know very well that if I try to time the market, I'm always going to be wrong. I made a very lucky guess with some Nvidia shares in 2021, then decided not to be greedy and sold 2/3 of them a year or so ago, figuring the rest is house money and I'd let it ride. AI today is looking more and more like real estate in 2006 -- but seeing it is the easy part. Timing the market, not so easy!
Post: AI Rally Market Risks
Link to comment from November 8, 2025
Sounds like a plan! A minimal amount of research suggests a high deductible plan isn't expensive. When the time comes (I still have three years to think about it), I'll probably do something along those lines.
Post: Don’t make the wrong Medicare decision
Link to comment from October 25, 2025
How important is it to have a Medigap policy? I know this is really unanswerable, but for a reasonably healthy person (easy for me to say at 62), I pay some out-of-pocket costs now, for my Health Connector coverage (I'm retired). If I decide to just have Medicare cover what it covers and pay the rest out of pocket, and invest the money I'd have spent on a Medigap policy, am I being foolish?
Post: Don’t make the wrong Medicare decision
Link to comment from October 25, 2025
"No one ever made a dime by panicking." -- from that guy on TV who everyone hates, at least in the financial services industry, so I won't mention him by name. His show is *not* about stock picks - that part is just for fun - but the first 10 minutes, where he says, this is what happened in the market today, this is what the hedge funds and the big guys are doing, this is why they're doing these crazy things, and reminds us that no one ever made a dime by panicking! Hate him if you must, but he saved my bacon during the 2007 crash, just by talking me down off the ledge every day, and preventing me from selling everything because I couldn't take the pain, which would have locked in my losses. Instead, I did pretty much nothing, and ended up recovering with the market! I used to love Jonathan's "Getting Going" column, by the way! :)
Post: What’s your favorite financial quote?
Link to comment from July 14, 2024