The Lambeau Leap

by JC Parets  -  November 14, 2018

It’s amazing what can happen when you plan strategically.

After a few days in Chicago for the local CMT chapter meeting, I made a short trip to Green Bay, Wisconsin, over the weekend to check off what a lot of sports fans consider a big-time bucket list item.

I went to a Packers game at Lambeau Field, with my dad, no less. Miami lost by 19 points, but who cares. The experience was a dream come true.

Many of you might know that the Green Bay Packers are a publicly-owned franchise, the only one in the NFL.

They went IPO in 1923. Look what I found in the Packers’ Hall of Fame museum…

Now, you could argue the Packers are the worst stock in America.

It costs $250 a share and pays no dividends, benefits from no earnings, has no securities-law protection, and isn’t tradeable. There’s only been five stock sales in team history, the last one coming in 2011.

For shareholders, it’s a passion play more than anything. No clear risk-management levels here!

You can pick up investing wisdom from pretty much anywhere, including Green Bay.

There’s a quote in the Packers Hall of Fame from legendary coach Vince Lombardi: “We never won as many as I wanted — which was all of them.”

It’s true. We won’t win them all, so most importantly you have to have a plan to get out of any trade before you get in.

Where Clickbait Goes to Die

You know we’re all about ignoring the noise, and the news.

So I really liked this recent thread from Jim O’Shaughnessy that starts with this thought:

1/ I seem to be easily triggered by lists of “what every successful entrepreneur does in the morning” or “10 common traits all millionaires share” or “six things you need to know before the market opens.”

They MUST be popular, or the clickbait farms wouldn’t publish them.

There’s no secret, other than doing the work. That’s why I look at 5,000 charts every week.

I’d rather pay attention to what I see. For instance, remember bitcoin?

Here’s Raoul Pal’s take.

I will say this, I don’t think we can get much less volatility in bitcoin. A big move is brewing.

What Does Bearish J.C. Look Like? (Update)

Here’s what I saw in the audience during my presentation at the CMT meeting in Chicago.

I’m not talking bullish trends these days, as you can see in this picture, but it’s the truth. We’re better off accepting it.

Have a great week.

To wise investing,

J.C. Parets