4 ms·

If true what's the hedge? Pension and investments to cash and bonds? Japanese stocks?

5822130027 7y ago
All types of investment in every country is subject to financial repression. You could own gold, but wait ! any gain is taxed as income ( not capital gain ). Carrying it around has stiff penalties. "You invest in how we say you invest" - Uncle Sam.
- daxorid 7y ago
  Carrying it around has stiff penalties. What are the penalties for carrying bullion?
  - sigstoat 7y ago
    you get tired easily?
- nradov 7y ago
  Taxes aren't repression.
  - SkyBelow 7y ago
    Unequal taxes seems a valid form of repression. Start with something simple, say taxing people of one race 15% more than another race. That would seem a valid form of repression. Okay, so that rarely happens and is almost always combined with far greater forms of repression. But there are less extreme examples. What about taxing someone more when they have kids, or more when they don't? Sin taxes also seems a way to repress certain behaviors in society by increasing their cost. Why can't the logic apply in other areas of life where tax rates are unequal?
  - turk73 7y ago
    Taxes are involuntarily extracted at gunpoint. Is that not coercive?
Zhenya 7y ago
Gold or other hard commodities
bklyn11201 7y ago
The hedge to a portfolio full of heavily-indexed stocks would be fairly-valued, non-indexed stocks. Burry had to report his holdings in a 13F filing on August 14: https://www.sec.gov/Archives/edgar/data/1649339/000156761919016689/xslForm13F_X01/form13fInfoTable.xml https://www.sec.gov/Archives/edgar/data/1649339/000156761919... He holds heavily-indexed companies like Disney, Fedex, and Alphabet. He holds a couple of small-cap value companies that aren't likely to be included in more than a couple of small ETFs: Tailored Brands (Mens Warehouse) and Sportsmans Warehouse.
tardo99 7y ago
This reminds me of the article someone else posted today about six sigma, where commenters rightly pointed out that the methodology works until companies try to use it to replace actual thinking managers. The hedge is simply to pay attention and make your own decisions. Index funds are great in general, but not when markets get out of whack (bubbles, etc).

All types of investment in every country is subject to financial repression. You could own gold, but wait ! any gain is taxed as income ( not capital gain ). Carrying it around has stiff penalties. "You invest in how we say you invest" - Uncle Sam.

daxorid 7y ago
Carrying it around has stiff penalties. What are the penalties for carrying bullion?
- sigstoat 7y ago
  you get tired easily?
nradov 7y ago
Taxes aren't repression.
- SkyBelow 7y ago
  Unequal taxes seems a valid form of repression. Start with something simple, say taxing people of one race 15% more than another race. That would seem a valid form of repression. Okay, so that rarely happens and is almost always combined with far greater forms of repression. But there are less extreme examples. What about taxing someone more when they have kids, or more when they don't? Sin taxes also seems a way to repress certain behaviors in society by increasing their cost. Why can't the logic apply in other areas of life where tax rates are unequal?
- turk73 7y ago
  Taxes are involuntarily extracted at gunpoint. Is that not coercive?

Zhenya 7y ago

Gold or other hard commodities

bklyn11201 7y ago

The hedge to a portfolio full of heavily-indexed stocks would be fairly-valued, non-indexed stocks. Burry had to report his holdings in a 13F filing on August 14: https://www.sec.gov/Archives/edgar/data/1649339/000156761919016689/xslForm13F_X01/form13fInfoTable.xml https://www.sec.gov/Archives/edgar/data/1649339/000156761919... He holds heavily-indexed companies like Disney, Fedex, and Alphabet. He holds a couple of small-cap value companies that aren't likely to be included in more than a couple of small ETFs: Tailored Brands (Mens Warehouse) and Sportsmans Warehouse.

tardo99 7y ago

This reminds me of the article someone else posted today about six sigma, where commenters rightly pointed out that the methodology works until companies try to use it to replace actual thinking managers. The hedge is simply to pay attention and make your own decisions. Index funds are great in general, but not when markets get out of whack (bubbles, etc).